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Asian markets fall as China reopening spurs inflation fears
Asian markets fall as China reopening spurs inflation fears
Business and Economy
by  AFP

Asian markets were mostly lower on Wednesday following declines on Wall Street as China's move to reopen after abandoning its zero-Covid policy revived inflation fears. China's scrapping of pandemic restrictions has spurred hopes for its economic revival but also raised fears it will add to inflationary pressure.

Jobs for Emiratis: UAE pushes work for own citizens
Jobs for Emiratis: UAE pushes work for own citizens
Business and Economy
by  AFP

With foreign workers making up the vast bulk of private sector jobs in the United Arab Emirates, the Gulf's second-largest economy wants to boost opportunities for its own citizens. "The more sustainable way is to make sure the economy continuously absorbs, trains and works with Emiratis," Zaouali said.

Southwest Airlines faces storm of criticism over holiday chaos
Southwest Airlines faces storm of criticism over holiday chaos
Business and Economy
by  AFP

Southwest Airlines remained in the hot seat Tuesday as it contended with mass flight cancellations while rival US carriers recovered from a severe winter storm. But while operations had largely returned to normal at American Airlines and United Airlines by Tuesday, Southwest canceled more than 2,500 flights, or nearly two-thirds of planned departures, according to tracking website FlightAware.