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...The country’s main airlines — flag carrier Turkish Airlines and low-cost airline Pegasus Airlines — ferried 115mn passengers last year, up 10 per cent from 2019, the year before the pandemic....
...Women do most of the wine-buying in western supermarkets, but they’re underrepresented in wine’s upper realms – Sotheby’s estimates that just 10-15 per cent of its fine wine buyers are women....
...The results are really and truly in. Berkshire produces returns exactly like those of the large cap US index (this is true over five and 10 years, too)....
...for a very strong summer of traffic and bookings and reasonable fair recovery. . . ....
...For Victor Li, chair of CK Asset and the eldest son of Hong Kong’s richest man, Li Ka-shing, Hong Kong’s position as a business centre is what will underpin recovery in the property sector and the territory...
...“At the same time,” she says, “if mortgage rates came down, I was worried that prices would increase and I’d end up paying more.”...
...“There’s both positive and negative sentiment towards pharmaceutical companies in relation to vaccine access and vaccine hesitancy but I think it probably nets out as positive,” said Timothy Mackey, professor...
...If found guilty, companies face fines of up to 10 per cent of global turnover....
...Apple, however, is so far missing out on much of that broader industry recovery....
...Recovery in business travel is underpinning demand. So is consumer desire to make up for missed trips. This should be good news for airlines....
...“I should have done some work on Apple,” he lamented on CNBC’s Squawk Box last year....
...“I think it’s our best product, I think it’s the most unique thing on the road, and, finally, the future will look like the future,” Musk said....
...I think this stems from fear and uncertainty,” BlackRock chief executive Larry Fink told analysts on Friday....
...Strong tourism numbers — which go hand in hand with improvement in the labour market and the recovery in consumption — are helping....
...And I’m slightly sceptical that anyone else knows how to do it, either. But I’m open to suggestions....
...“But if you see that legislation that happened in Europe is happening in Japan, South Korea, Australia and the UK, at some point you’ve learned your lesson and say why am I fighting?”...
...“I have sat here for 22 years as the chair and CEO of this company since we went public and I’ve seen nothing but competition. So this is no different....
...His view was there are no signs of a global economic recovery and telecom operators are becoming more cautious in their spending....
...If granted by the Delaware court, Bernstein would be among the 10 largest shareholders of the company....
...The S&P Global UK manufacturing purchasing managers’ index rose to 50.3 in March, up from 47.5 in February and above the flash reading of 49.9, pushing 10 year gilts yields up 0.15 percentage points to 4.09...
...And finally I’m in Los Angeles this week for the Milken Institute Global Conference — hit me up if you’re here....
...Or perhaps it was when I was in sixth form, at home revising for mock A-levels, and it struck me at 10.30am that I could absolutely not imagine even a minute more of that day passing without pouring myself...
...“I think a lot of people are now expecting pretty meaningful erosion of AbbVie’s US Humira business this year,” he said....
...The capex and investment required to keep the machine in first gear meant Tesla burned through $2.5bn of cash in the quarter. Inventories grew by over 10 per cent to $16bn....
...The profit metric I prefer to use for tech companies is what I call “true free cash flow”, which is operating cash flow minus capital expenditures and stock-based compensation (stock comp becomes a cash...
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