Budget airlines lose edge as fuel surcharges come into play
The marginal price difference is prompting passengers to consider foreign carriers, which offer better services and additional benefits than budget airlines
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The marginal price difference is prompting passengers to consider foreign carriers, which offer better services and additional benefits than budget airlines
Europe enters winter with gas storage near 73%, down from 83% a year ago, forcing it to compete with Asia and Latin America for LNG cargoes. The post Europe’s Winter Gas Risk and the LNG Rivalry appeared first on The Rio Times.
Shares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4 billion (US$510 million) through a share placement, as competition with other Chinese Nvidia challengers intensifies. The sell-off followed a stock exchange filing by the Hong Kong-listed company on late Wednesday, which revealed it had engaged placing agents on a “best effort” basis to issue 130 million new shares at HK$31.08 apiece. The offering...
Brian Hartigan, global head of ETFs and index Strategies at Invesco, joins Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ." They discuss recent competition centered on the Invesco QQQ Trust Series 1 (ticker: QQQ). (Source: Bloomberg)
Chief Executive John Lee Ka-chiu’s recent policy address set out an ambitious reform agenda designed to sharpen Hong Kong’s competitive edge while enhancing people’s livelihoods. As we enter Mental Health Awareness Month, we should reflect on the role mental well-being can play in the city’s fortunes. Lee’s address mentioned an integrated approach featuring 11 measures as part of efforts to promote mental health. These include extending the Three-Tier School-based Emergency Mechanism, expanding...
The Premier League’s Man City is accused of violating financial rules in order to build a more competitive team. Holding them accountable could reshape the league. (Source: Bloomberg)
Three of South Africa’s biggest retailers are turning to new leadership to revive growth or accelerate turnaround plans as competition intensifies in one of the continent’s most developed consumer markets.
Tokyo, Sept. 28 (Jiji Press)--Major Japanese beer companies are revamping flagship products and reclassifying quasi-beer items as beer as they prepare for intensifying competition following Thursday's unification of liquor taxes on beer and related products. As the tax rate change will narrow the price differences among beer, "happoshu" quasi-beer products and beer-like beverages known as th...
Sushiro is betting that the US appetite for raw fish is big enough to accommodate the casual, mass-market model that made the chain a giant in Japan. But headwinds abound, including a weak yen and increasing competition. Bloomberg TV's Shery Ahn has more. (Source: Bloomberg)
French motorists are flocking to gas stations operated by TotalEnergies, where gasoline prices are capped, but its rivals are accusing the oil giant of unfair competition with the government's support.
Bloomberg TV's Abeer Abu Omar speaks exclusively with Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce Marketing at the Arabian Travel Market. He observes that Dubai has become a 'mature' city, with people now wanting to come to the region for a holiday or for residency, whereas it was previously a stopover destination. He says competition between regional players in the UAE is 'healthy' and important for attracting talent. (Source: Bloomberg)
The fierce competition between Middle East airlines means the rising costs of jet fuel won’t be passed on to customers just yet, Etihad Airways’ chief executive officer said.