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The Latest Breaking News from Pandemic

Qantas back in black with $978 million half-year profit

Australian national carrier Qantas has posted an underlying pre-tax half-year profit of 1.43 billion Australian dollars ($978 million) in the airline’s first return to profit since the coronavirus pandemic started three years ago

The Independent UK

EBay gives outlook suggesting sales comeback will take longer

EBay Inc. warned investors that sales will continue to decline into the second half of the year, raising questions about management’s ability to revive growth at the online marketplace now that a pandemic boom has petered out. The shares declined in extended trading.

Tribune News Service

The housing market correction has already caused homeowners to lose $2.3 trillion

A correction in home prices has erased $2.3 trillion in nationwide home values, but homeowners are still up roughly $13 trillion since February 2020.

Fortune

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Two per cent of Australian households were broken into last financial year. But the rate is still below pre-pandemic levels

The Australian Bureau of Statistics says up to 194,100 Australian homes experienced a break-in over the past 12 months, an increase since COVID-19 lockdowns.

ABC News

China M&A Deals Plunged 34% to Nine-Year Low in 2022

Economic headwinds and pandemic disruptions similarly slowed global mergers and acquisitions, management consultant Bain reports

Caixin Global

Qantas turns profitable again amid travel rebound

Qantas has reported a first-half underlying pre-tax profit of $1.43 billion - turning around last year's loss - as strong demand helped offset high fuel costs.

AAP

California says it can no longer afford aid for COVID testing and vaccination of migrants

All day and sometimes into the night, buses and vans pull up to three state-funded medical screening centers near California’s southern border with Mexico. Federal immigration officers unload migrants predominantly from Brazil, Cuba, Colombia and Peru, most of whom await asylum hearings in the United States.

Tribune News Service

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Hong Kong Relaunches Investment-for-Residency Program

City hopes to lure back bankers, lawyers and other professionals who decamped amid pandemic restrictions, though new program’s details are sparse

Caixin Global

Minorities in UK no longer at much higher risk of dying from Covid

ONS numbers reveal rates of deaths now much lower for all ethnic groups compared with earlier in pandemic

The Guardian - UK

Met cuts season to 18 operas, matching fewest in 4 decades

The financially challenged Metropolitan Opera is cutting its schedule to 18 productions next season, matching pandemic-curtailed 2019-20 for the fewest since 14 in the strike-shortened 1980-81 season

The Independent UK

Chinese banker 'was looking to move wealth to Singapore before disappearance'

The missing founder of China Renaissance, Bao Fan, was looking to start a fund for his personal fortune, according to the Financial Times. Bao is one of the country's biggest financiers in the tech sector and could be the latest target of a crackdown on the industry. Also in the…

France 24

Airlines turn market darlings as COVID-19 forces financial clean up

Unloved during the pandemic as their businesses were incapacitated almost overnight, airlines that cut back to survive the crisis are now blowing through profit forecasts and luring back investors.

Tribune News Service

Construction work down slightly in December quarter

Construction work has eased slightly but a pandemic-fuelled housing boom will keep building and engineering activity elevated for a while yet, new data shows.

AAP

Pandemic to end 'this year' due to hybrid immunity

The Covid-19 pandemic will come to an end this year, according to virologist Dr Yong Poovorawan, head of the Centre of Excellence in Clinical Virology at Chulalongkorn University.

Bangkok Post

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Bangkok Post

Krungsri upbeat on M&A view

Bank of Ayudhya (Krungsri) sees greater opportunity for large corporate customers to make merger and acquisition (M&A) deals this year thanks to a clearer economic outlook following the easing of the pandemic.

Bangkok Post

Striking a chord with Thai audiences

South Korea found tremendous success exporting soft power via K-pop and K-dramas globally for decades, establishing a strong fan base in Southeast Asia and Thailand, even during the pandemic.

Chicago Sun-Times

Bird flu has been spreading. Though not a worry right now for people, it could become one. Here’s why.

Scientists say another kind of bird flu was likely behind the devastating 1918-1919 flu pandemic, and avian viruses played roles in flu pandemics in 1957, 1968 and 2009.

The Conversation

Working more and making less: Canada needs to protect immigrant women care workers as they age

The pandemic has heightened Canadians’ awareness of the 3D jobs — dirty, difficult and dangerous — done by many migrant workers in our communities.

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Evening Standard

Covid ‘could have severe impact for London children in temporary accommodation’, study finds

UCL study finds that children without fixed address suffered ‘lifelong consequences’ as pandemic delayed development

Evening Standard

Nursery staff leaving for better paid jobs ‘putting tins on shelves’ experts warn

The impact of the pandemic on young children is making life harder for childcare workers, MPs have been told

Edinburgh Live

Edinburgh’s hidden gem city centre 50-seat cinema you walk past without noticing

Just a short walk from Princes Street sits a ‘secret’ cinema, that was founded back in 1936 - and is now hoping to ‘rebuild’ after suffering due to the pandemic.

Fortune

The pandemic has irreversibly changed America’s health care system. Here’s why we will all be feeling the consequences of delayed care for years to come

Elective surgery delays can be detrimental in both preventive and curative care, allowing disease progression or leading to premature death.

Wales Online

Former Newport city centre pub going to auction with flats plan in pipeline

The Texas Tribune

Texas’ shortage of mental health care professionals is getting worse

The COVID-19 pandemic exacerbated an already short supply of therapists, psychologists, psychiatrists and social workers.

The Independent UK

Traffic surges at Dubai airport but lags behind 2019 peak

Traffic has more than doubled last year at Dubai’s airport, the world’s busiest for international flights, but has yet to fully recover after the coronavirus pandemic

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