Month: October 2022

US bear market deepens: What that means for you | Financial Markets News

United States stocks slumped further this week as investors navigated a barrage of bad news. Central banks around the world have been scrambling to fight soaring high inflation by increasing the cost of borrowing without hurting long-term growth prospects. Adding to the uncertainty and fear are rising tensions between the West and Russia following Moscow’s …

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Portugal Beats Paris for US Travelers Seizing on a Strong Dollar

As the pound and euro struggle relative to the dollar, opportunistic US travelers might be wondering if it’s time to book an international trip, and maybe even prepay for the hotel. Who wouldn’t love a travel deal – especially after paying through the nose this past summer? But don’t think there are bargain-basement prices everywhere …

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Travel agents are still around, making trips go smoothly

Some vacations require more planning and coordination than others. Technology – hotel-booking sites, travel blogs, price-comparison tools – can help nearly anyone schedule a journey but, sometimes, you need knowledge, savvy and experience to help navigate the great unknown. Even though you can DIY almost anything a travel agency can do, there are still reasons …

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Schiphol airport: More flights to be canceled as passenger caps extended until March 2023

Amsterdam’s Schiphol airport will continue limiting daily passenger numbers until at least March 2023. Earlier this month, the airport announced capacity caps of almost 20 per cent until the end of October. As its security staff shortage continues, Schiphol will continue to operate at reduced capacity in the coming months. The decision – which comes …

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New rule will show ‘true cost’ of plane tickets

WASHINGTON (AP) – President Joe Biden announced a new initiative Monday that would eventually allow consumers to see a more complete price on airline tickets – including baggage and change fees – before they buy, as the White House continues to search for ways to lower costs for Americans amid persistently high inflation. The White …

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Hong Kong leader promises revival on China’s National Day

BEIJING (AP) – Hong Kong’s leader promised Saturday to revive its struggling economy following a campaign to crush a pro-democracy movement as China’s ruling Communist Party marked its 73rd anniversary in power under strict anti-virus controls. In Beijing, crowds of spectators watched a 96-member honor guard raise the Chinese flag on Tiananmen Square in the …

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Traveloka taps into $ 300M financing facility

Indonesia-based online travel agency Traveloka has secured a financing facility of $ 300 million. The funds come from Indonesia Investment Authority (INA), BlackRock, Allianz Global Investors, Orion Capital Asia and other global financial institutions. INA and Traveloka say the round attracted significant interest from a number of high-quality long-term capital providers, resulting in an oversubscribed …

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