Airlines cut fares to help boost May traffic: IATA

PARIS (Reuters) – Airlines cut domestic fares by an average 23% last month as traffic picked up from April lows, global airline body IATA said on Wednesday – warning that post-coronavirus discounting posed a further threat to profitability. Domestic passenger traffic rose 30% globally in May from a very low base in April, when much […]

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Uganda health workers say they lack vital equipment to fight COVID-19

KAMPALA (Reuters) – Ugandan medical workers say they lack adequate supplies of personal protective equipment for tackling COVID-19 and the risk of infection is making some reluctant to treat patients. The complaints follow revelations on Sunday that seven health workers including two doctors and two nurses had contracted the virus. So far the east African […]

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UPDATE 1-Airlines cut fares to help boost May traffic -IATA

PARIS (Reuters) – Airlines cut domestic fares by an average 23% last month as traffic picked up from April lows, global airline body IATA said on Wednesday – warning that post-coronavirus discounting posed a further threat to profitability. Domestic passenger traffic rose 30% globally in May from a very low base in April, when much […]

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Kremlin defends holding July vote that could extend Putin's rule despite coronavirus

MOSCOW (Reuters) – The Kremlin defended on Wednesday plans to hold a nationwide vote next month on constitutional reforms that could allow President Vladimir Putin to extend his long rule, saying the coronavirus epidemic was expected to ease before it is held. Russia has reported more than 430,000 coronavirus cases, a tally surpassed by only […]

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METALS-Copper touches March high on recovery in top consumer China

* GRAPHIC-2020 asset returns: tmsnrt.rs/2jvdmXl (Adds official prices, U.S. jobs survey) By Zandi Shabalala LONDON, June 3 (Reuters) – Copper hit its highest since March on Thursday, buoyed by the prospect of higher demand from top consumer China after data showed a strong performance in its services sector. China’s services sector returned to growth last […]

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Tel Aviv's soccer stadium trials misting tunnel to disinfect players

TEL AVIV (Reuters) – Tel Aviv’s Bloomfield Stadium has installed a special tunnel to spray soccer players arriving for matches with a fine disinfectant mist to help prevent the spread of the new coronavirus. The pilot of the tunnel, which will run until the end of the season, comes as sports leagues around the globe […]

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Mortality spiked 155% in Spain in worst week of epidemic

MADRID (Reuters) – New official data in Spain showed on Wednesday that many more people have died than usual this year than the recorded number of coronavirus fatalities and revealed a shocking 155% spike in mortality at the epidemic’s peak in early April. Experts believe the additional deaths include cases where the cause is hard […]

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Wall St. set for higher open on optimism over economic revival

(Reuters) – Wall Street’s major indexes were set to open higher on Wednesday, with Nasdaq inching closer to a record high, as investors remained optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest. Microchip Technology Inc (MCHP.O) surged 6.5% after the chipmaker raised its forecast for current-quarter sales and profit as […]

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HSBC says 'respects and supports' laws that stabilise Hong Kong

LONDON (Reuters) – HSBC (HSBA.L) said it “respects and supports” legislation that stabilises order in Hong Kong, as China moves to impose a national security law it says is aimed at curbing sedition, secession, terrorism and foreign interference. The comments posted on the bank’s Chinese social media channel on Wednesday are the most outspoken yet […]

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US STOCKS-Wall St set for higher open on optimism over economic revival

(Reuters) – Wall Street’s major indexes were set to open higher on Wednesday, with Nasdaq inching closer to a record high, as investors remained optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest. Microchip Technology Inc (MCHP.O) surged 6.5% after the chipmaker raised its forecast for current-quarter sales and profit as […]

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