China’s reopening could bring opportunities as well as risks to its economy, Albert Park, chief economist at the Asian Development Bank told CNBC. Although the lifting of Covid restrictions in China would boost growth prospects for the country and other economies, it could also lead to an increase in Covid-19 cases, he said Wednesday. “The … Read more
There was something curious about the US Transportation Security Administration’s data on passenger traffic at airports last month. The Sunday after Thanksgiving was, as usual, very busy, with 2.6 million people screened at security checkpoints. That’s the most on any single day since the pandemic began, and evidence that many people are back to traveling … Read more
(Bloomberg Businessweek) — Designing a new commercial aircraft requires huge financial outlays and years of engineering wizardry, and success isn’t assured, as the short-lived Airbus A380 jumbo can attest. Such missteps—the double-decker jet never recouped its $20 billion in development costs before being dropped in 2019—explain why the aerospace industry’s preferred route these days is … Read more
Please help me. I am a 68-year-old woman married 17 years to the love of my life. Our finances have always been separate, and I signed a prenuptial agreement acknowledging that his son will inherit his estate held in a living trust (about $3 million). I get our home, and he is leaving me $350,000 … Read more
Amid pilot shortage, a push for change in federal regulations requiring 2 pilots on flights – CBS News Watch CBS News Airlines are calling for changes to federal regulations that would allow airlines to fly with one pilot in the cockpit, instead of two. CBS News senior travel adviser Peter Greenberg joins “CBS News Mornings” … Read more
Traveling can be complicated for anyone who doesn’t fall into society’s rigid norms. LGBTQ+ andtrans people face discrimination right from the security gate, and don’t even get me started onwhat disabled folx go through to catch a flight. It appears that Virgin Atlantic is one of the airlines trying to address these issues. Last week, … Read more
Hurricane Orlene has rapidly strengthened as it swirls toward Mexico’s northwest Pacific coast, with a likely close brush with former prison islands being developed by the government as an ecotourism destination MEXICO CITY — Hurricane Orlene rapidly strengthened as it swirls toward Mexico’s northwest Pacific coast, with a likely close brush with former prison islands … Read more
For the past two years, since the covid pandemic hit in late-February 2020, the cruise industry has taken one punch after another. And, while the situation has improved from the extended period when cruises were not allowed to sail from United States ports, that does not mean that it’s back to 2019 for Royal Caribbean … Read more
Cruise line bonds have taken a fresh hit after Carnival’s weaker-than-expected financial update for its latest quarter, and yields on many debt issues now are in teens. Carnival (ticker: CCL) shares were hammered on the news Friday, falling 23% to $7.03 and hitting their lowest level in 30 years. The stock is getting closer to its … Read more
Cinderella Castle in Walt Disney World. Roberto Machado Noa | Lightrocket | Getty Images As Hurricane Ian nears the west coast of Florida, the Walt Disney Company and Comcast’s Universal Studios are preparing to close their Orlando-based theme parks for at least two days. Disney announced Tuesday that Animal Kingdom, Hollywood Studios, Epcot and Magic … Read more