Hong Kong's tough Covid-19 quarantine rules take mental toll on Cathay Pacific pilots

One of Asia's largest airlines, Cathay Pacific, is facing a revolt from pilots who say Hong Kong's tough quarantine rules under its zero-Covid policies are endangering their mental health. Cathay Pacific Airways last week fired three pilots who breached company rules by leaving their hotel rooms during a layover in Frankfurt and later tested positive for Covid-19. The extreme example of pandemic-related […]

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WHO calls special meeting to discuss new Covid variant found in South Africa with 'a large number of mutations'

The World Health Organization is monitoring a new Covid variant, scheduling a special meeting Friday to discuss what it may mean for vaccines and treatments, officials said. The variant, called B.1.1.529, has been detected in South Africa in small numbers. South African scientists have detected 30 mutations to the spike protein, the part of the virus that binds to cells […]

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Digital tax on US companies to go latest by March 2024

New Delhi and Washington have agreed to count the benefits of a global agreement on taxation from the next financial year. However, the benefits would actually accrue once the global pact comes into effect or March 31, 2024, whichever is earlier, in the form of credit. The 2 per cent equalisation levy imposed by India on digital players will continue […]

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European Shares Mostly Higher In Lackluster Trade

European stocks were broadly higher on Thursday, though U.K. markets fell as weakness in oil and metal prices hit commodity-related stocks. As inflation worries mount, traders awaited U.S. manufacturing data and an update on the number of Americans applying for unemployment benefits later in the day for further clues about economic recovery and the rate outlook. The pan European Stoxx […]

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Erdogan fires central bank chief, Turkish lira plunges

Hong Kong / Istanbul / London (CNN Business)Turkey could be on the cusp of another currency crisis after President Recep Tayyip Erdogan abruptly fired the head of the country’s central bank, putting the lira on track for its worst single day decline against the US dollar in nearly three years. The move will knock investor confidence at a crucial moment […]

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Countries Collecting the Most Taxes

The COVID-19 pandemic has disrupted economic activity worldwide, taking its toll not only on people’s personal finances but on public revenue as well. The lockdowns interfered with business activity and pushed unemployment to historical heights. In addition, industrial activity has slowed or stalled, and there were sharp declines in business and leisure travel. All of which have driven down collection […]

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