BUSINESS

Sanctioned Russia becomes China's main source of oil

Global airlines battered by COVID-19 seem confident of narrowing their losses but still face challenges such as labour shortages at airports which could restrict post-crisis growth, industry executives at a summit in Doha said.

Global airlines battered by COVID-19 seem confident of narrowing their losses and went on the offensive at an industry summit in Qatar, criticising governments and airports over their handling of the recovery from the pandemic.

Telecom Italia's (TIM) top investor Vivendi wants the phone group to value its fixed landline network at 31 billion euros ($33 billion) in any sale, far above analysts' and TIM's own estimate, a source close to the French group said.

Telecom Italia's (TIM) top investor Vivendi wants its fixed landline network to be valued at 31 billion euros ($33 billion) in any sale, far higher than analysts and the telecom company had forecast, a source close to the French group said.

High-end home appliances and camping gear were among Chinese shoppers' most sought after buys during the "618" shopping festival, according to e-commerce platforms, in a sign of how China's COVID-19 curbs are driving lifestyle changes.

Pent-up demand from the pandemic means consumers are weathering high airfares, but as summer ends and inflation and interest rate rises begin to bite, there are growing questions over whether the appetite for travel is sustainable.

Turkish Airlines is considering joint ventures and initial public offerings for its cargo business and regional carrier as it weighs up options to grow both internally and through deals, the chairman of Turkey's national airline said.

Low-cost airline easyJet said on Monday it was cutting thousands more flights this summer after London Gatwick and Amsterdam airports reduced capacity and it battled staff shortages on the ground and in the air.

French food giant and the world's biggest yoghurt maker Danone is cutting the variety of products its sells, a top executive said, adapting to changing consumer shopping habits in Europe and beyond as inflation bites into household spending.

Australia's biggest building materials manufacturers are cutting back operations, hiking prices and considering moving production offshore to manage a spike in power and gas bills, adding to pressure on the government to resolve the country's energy crisis.

The election of Colombia's first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former guerrilla will need to act fast to reassure investors.

Australia's big three miners were on track to lose more than A$16 billion ($11.12 billion) in combined market value on Monday at current levels, as a commodities selloff over easing China demand and fears of a global recession deepened.

Strong quake hits eastern Taiwan: USGS

European stocks aim higher despite recession worries

Internet and gaming giant NetEase delayed the rollout of its video game Diablo Immortal in China three days ahead of its official launch, a move that comes just after the game's official account on Weibo was banned from making new posts.

China's mass testing mantra is building a waste mountain

Beverly Hills 9021...oh: Planning row pits new against old in ritzy US zip code

The Japanese yen remained under pressure on Monday, weakening toward a 24-year low after the Bank of Japan on Friday bucked the trend in a week of massive central bank tightening to renew its commitment to ultra-easy policy.

Future king William's influence grows as he hits 40

Oil prices were stable on Monday, struggling to reverse last week's losses as the market balanced tightening supplies with concerns about slowing global economic growth.

The specific lot was supposed to be destroyed.

Verstappen wins Canadian Grand Prix to tighten grip on title race

Britain's company directors should sign up to a code of conduct to improve behaviour in boardrooms after high-profile corporate collapses, such as builder Carillion and retailer BHS, an industry body proposed on Sunday.

The housing market is caught between several tailwinds and headwinds, which could create a great deal of turbulence in the months ahead.

The Fed erroneously viewed inflation as a temporary problem due to supply chain bottlenecks.

Apple store employees in Maryland have become the company’s first retail location in America to vote to unionize.

New US Capitol riot hearings promise fresh drama

East Africa leaders to meet Monday to discuss DR Congo conflict