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Air travel to soar near record in 2023: industry group
Air travel to soar near record in 2023: industry group
by  AFP

Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back from the Covid pandemic, an industry group said on Monday. The pandemic devastated the airline industry, which lost $137 billion when countries imposed lockdowns and closed borders in 2020.

UBS says to complete Credit Suisse takeover on June 12
UBS says to complete Credit Suisse takeover on June 12
by  AFP

Swiss banking giant UBS is expected to complete its takeover of crisis-hit domestic rival Credit Suisse as early as June 12, the two lenders said on Monday. "UBS expects to complete the acquisition of Credit Suisse as early as 12 June 2023.

Markets extend global rally after 'Goldilocks' US jobs data
Markets extend global rally after 'Goldilocks' US jobs data
by  AFP

Asian equities on Monday built on a global rally after a mixed US jobs report lifted hopes the Federal Reserve will hold off hiking interest rates this month. The crude market has come under pressure in recent months on concerns that a year of rate hikes by central banks would spark recessions and hit demand, while China's post-zero-Covid rally has run out of steam.

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