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China manufacturing activity rebounds in January
China manufacturing activity rebounds in January
by  AFP

China's factory activity expanded in January after four months of contraction, official data showed Tuesday, as its economy rebounded following the relaxation of strict Covid-19 curbs. The official manufacturing purchasing managers' index (PMI) -- a key gauge of Chinese factory output -- rose to 50.1 this month, from 47.0 in December, according to data from the National Bureau of Statistics (NBS).

Bonza airline launches budget flights in Australia
Bonza airline launches budget flights in Australia
by  AFP

A new Australian budget airline, Bonza, launched its first flight Tuesday, promising cheap tickets, onboard craft beer, snags (sausages) and a relaxed approach to crew uniforms. The onboard menu includes craft beer, no-alcohol beer, and "snag in a bag" -- a sausage in a bread roll.

IMF lifts 2023 growth forecast with boost from China reopening
IMF lifts 2023 growth forecast with boost from China reopening
by  AFP

EMBARGOED. HOLD HOLD HOLD. TO MOVE AT 8:37 PM MONDAY WASH TIME. Global growth is set to be higher than expected this year, the IMF said Monday, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-Covid restrictions provides another boost.

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