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Travel giant TUI on track for 'strong' summer despite wildfires
Travel giant TUI on track for 'strong' summer despite wildfires
by  AFP

The world's largest tourism operator TUI said Wednesday it was on track to meet its full-year targets thanks to a "very good travel summer", despite the upheaval caused by heatwaves and wildfires in Europe. "Overall it will be a very good travel summer and a good year for TUI in 2023."

How China is responding to economic challenges
How China is responding to economic challenges
by  AFP

China on Wednesday reported it had entered deflation for the first time since 2021 -- the latest indicator pointing to a slowdown in the world's second-largest economy. - Deflationary spiral - While on paper falling prices may seem like a good thing for purchasing power, a drop into deflation poses a long-term threat.

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