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Iran woos Chinese, other tourists as Westerners stay away
Iran woos Chinese, other tourists as Westerners stay away
by  AFP

Western tourists, who flocked to Iran just a few years ago, are being advised by their governments to stay away, forcing the Islamic republic's struggling tourism industry to look elsewhere. In the biggest blow to tourism, several European governments have issued travel advisories warning their nationals to stay away from Iran for fear of arrest during the government's crackdown on the protests.

Asian markets retreat as US inflation fuels rate-hike bets
Asian markets retreat as US inflation fuels rate-hike bets
by  AFP

Asian markets sank Wednesday as a mixed US inflation report did little to soothe investor worries that the Federal Reserve will continue to ramp up interest rates, which many fear could cause a recession. The prospect of more rate hikes lifted the dollar against its peers on Tuesday, and it held its gains in Asian trade.

Airbnb posts first profitable year as travel rebounds
Airbnb posts first profitable year as travel rebounds
by  AFP

Airbnb on Tuesday reported its first annual profit, with revenue surging in the final three months of 2022 as travel bookings rebounded. The home-rental platform said it made a profit of $319 million in the final quarter of last year on revenue of nearly $2 billion.

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