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Highlights of last week’s stories – Genting, AirAsia, telecommunications, AMMB
SYDNEY: Australia’s treasurer said he’s considering measures to support firms like Qantas Airways Ltd and others that are still struggling with fallout from the coronavirus pandemic, once the government’s JobKeeper wage subsidy expires late next month.
BEIJING: Although passenger trips dropped in January amid effective measures to contain Covid-19, China’s transport sector has seen a good start to the year, with a huge growth in investment and freight volume compared with last year, posting double-digit growth over 2019, the Ministry of Transport said.
LONDON: With Europe’s results season wrapping up, the main takeaway has been not the broadest earnings beat in about 14 years, but rather a dearth of guidance from many companies on a still uncertain future.
KUALA LUMPUR: Small businesses are not in favour of any continued travel restrictions even as the country kicks off its immunisation programme.
FOR all the optimism about travel restarting as vaccines are rolled out, airline stocks still have a way to go to make up the ground they lost in the pandemic. It may take signs of a recovery in long-haul flights for the sector to make further gains.
NEW YORK: Warren Buffett's enthusiasm for the future of America and his company Berkshire Hathaway Inc has not been dimmed by the coronavirus pandemic.