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Duty-Free Giants Hand Out Free Flight Tickets to Lure Customers (Bloomberg) — Last month, Hyun Jung-a boarded a flight from South Korea’s Incheon Airport. Around two hours later, she was back in the same airport and loading up on duty-free shopping, despite never landing in another country. The Air Busan Co. flight, organized by Lotte Duty Free for its VIP customers, was Hyun’s first since the pandemic began and it didn’t cost her a cent. Because the route briefly departed Korean airspace and went over a Japanese island, the 130 passengers on board qualified to shop at duty-free store...

Synopsis High-frequency data are already pointing to a deepening contraction in retail activity in the week through April 18 relative to its pre-pandemic January 2020 level, said Bloomberg Economics’ Abhishek Gupta. That’s a key risk for an economy where consumption makes up some 60% of gross domestic product. Getty Images Just two weeks ago, the International Monetary Fund upgraded India’s economic growth forecast to 12.5% -- the quickest rate among major economies. Now, as Covid-19 cases surge the most globally, that bullish view is looking increasingly in doubt. In Delhi, India’s p...

Just two weeks ago, the International Monetary Fund upgraded India’s economic growth forecast to 12.5% — the quickest rate among major economies. Now, as Covid-19 cases surge the most globally, that bullish view is looking increasingly in doubt. In Delhi, India’s political capital, the streets are mostly empty and the markets nearly deserted with almost all shops closed in response to curbs put in place by the local administration to fight the pandemic. The scene is not so different in Mumbai, the financial hub that accounts for 6% of the national output. Yet for now, Prime Minister Nar...

Patients Perish in Baghdad Fire; U.S. to Aid India: Virus Update Bloomberg 10 mins ago Bloomberg News © Photographer: David Paul Morris/Bloomberg Healthcare workers wearing protective masks administer doses of the Johnson & Johnson Janssen Covid-19 vaccine to senior residents at San Rafael Commons in San Rafael, California. (Bloomberg) -- New Covid-19 cases and deaths eased in Germany as expanded virus restrictions and an accelerating vaccine program may be having an effect. In Switzerland, which has also struggled to roll out vaccines, about one third of the population ...

German Cases Ease; Patients Die in Baghdad Blaze: Virus Update Bloomberg 1 hr ago Bloomberg News © Photographer: David Paul Morris/Bloomberg Healthcare workers wearing protective masks administer doses of the Johnson & Johnson Janssen Covid-19 vaccine to senior residents at San Rafael Commons in San Rafael, California. (Bloomberg) -- New Covid-19 cases and deaths eased in Germany as expanded virus restrictions and an accelerating vaccine program may be having an effect. In Switzerland, which has also struggled to roll out vaccines, about one third of the population has a...