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World airlines warn Omicron will hit travel again

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The aviation industry has warned the Omicron variant of COVID is set to impact the aviation industry once again

Airlines are starting to feel the effects of the new Omicron variant of COVID, with Emirates and easyJet both warning Tuesday of the risks to travel demand. Julian Satterthwaite reports.

The world’s airlines are bracing for a fresh impact from the Omicron variant.

On Tuesday (November 30) the strongest warning came from mideast carrier Emirates.

Company President Tim Clark warned that any hit to seasonal travel will be devastating for an industry already hit by two years of heavy losses:

“So, I would say probably by the end of December, we’ll have a much clearer position. But in that time, December is a very important month for the air travel business and if that is lost, or the winter is lost to a lot of carriers, there will be significant traumas in the business, certainly the aviation business and the periphery of that.”

UK budget airline easyJet says it’s already seeing a drop-off in demand.

It says resurgent health worries, including Omicron, have prompted people to rethink plans for city breaks.

Though it says the impact isn’t yet as bad as during earlier lockdowns.

On Tuesday the airline reported a loss of $1.5 billion for the year to the end of September.

Scandinavia’s SAS also said it remained in the red for the August to October quarter.

The latest warnings come after multiple countries including the U.S., UK, Japan and Israel imposed travel curbs in response to the new virus variant.

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Why luxury brands are not feeling inflation

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New data shows luxury brands are not feeling the pinch of inflation, thanks to the ultra-rich indulging in their products

Luxury brands are not worried about the impact of the global economic meltdown.

While prices of food and gas have skyrocketed, spare a thought for the ultra-rich dealing with the rising cost of sneakers and sports cars.

High end retailers like Dior, Louis Vuitton and Versace are all reporting strong sales and are hiking their profit forecasts.

The upbeat view is at odds with fears for the global economy.

However, this is nothing new, in fact it’s in line with past economic slowdowns according to the experts.

The rich are often the last to feel the impacts of a tightening economy, while spending among lower income consumers is squeezed by inflation.

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Johnson & Johnson will stop selling talcum baby powder

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Amid a rising number of lawsuits, Johnson & Johnson will officially cease production of its talcum baby powder.

Company executives say the decision follows a severe decline in sales right around the world.

The move also follows a number of lawsuits which claim the product causes cancer due to its contamination with asbestos.

Mined from the earth, Talc and lies very close to where carcinogenic asbestos comes from.

J&J says demand has fallen due to so-called ‘misinformation’ about the powder’s safety.

“We stand firmly behind the decades of independent scientific analysis by medical experts around the world that confirms talc-based Johnson’s baby powder is safe, does not contain asbestos, and does not cause cancer,” it said in a statement.

But an investigation by Reuters back in 2018 discovered the organisation knew for decades that asbestos was present in its talc products.

The global shift away from talcum powder comes more than two years after the healthcare giant ended sales of the product in both the U.S. and the UK.

The company says the powder will now be created from cornstarch.

“As part of a worldwide portfolio assessment, we have made the commercial decision to transition to an all cornstarch-based baby powder portfolio,” it said in a statement.

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Twitter will crack down on false reporting ahead of U.S. Midterms

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Twitter is seeking to put the truth first as this November’s mid-terms fast approach

Twitter says false and misleading posts will be fact-checked in a bid to promote accurate reporting.

Twitter will apply its ‘civic integrity policy’, which was first rolled out in 2018.

The policy stops users from posting misleading content that can dissuade people from voting.

There will also be a crack down on claims that undermine the public’s confidence in the results.

It follows the 2020 Presidential election, where the company was accused of not doing enough to stop the spread of misinformation.

All 435 seats in the U.S. House will be up for grabs alongside around a third of senate seats.

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