Day: June 13, 2020

Pacific islands await ‘travel bubble’ as French Polynesia reopens solo

APIA, Samoa — Pacific island states are pushing hard to restart quarantine-free travel and boost their battered economies, as cautious optimism about controlling COVID-19 spreads through the region.

Countries across Asia and worldwide are hammering out a combination of bilateral and multilateral arrangements to get passengers flying again. But the stakes are especially high for tiny islands that depend on tourism for 20% to 90% of their economies. With the Southern Hemisphere’s peak season approaching, furious lobbying and policy experimentation are in full force.

French Polynesia, home to postcard-perfect Bora Bora and Tahiti, is poised to become the first in

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Legal row as Cineworld drops $1.7bn Cineplex deal

The cinema chain Cineworld is bracing for a court battle with its latest takeover target after pulling out of the deal and triggering a row over the terms.

Cineworld claims Cineplex, the dominant cinema chain in Canada, has suffered a “material adverse effect” under the terms of the deal, which included a ceiling of $725m (£578m) on its debts.

Cineplex in turn accuses Cineworld of unlawfully abandoning the $1.7bn debt-fuelled merger because of the lockdown pressure on its finances.

The London-listed firm, which would have become North America’s biggest cinema operator if the deal had gone ahead, said: “As a

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Superpowers clash in the battle to crown the new head of the WTO

Airtight as Mamdouh’s CV is, for many it is too similar to that of Azevêdo, who Peker notes is “obviously very capable but didn’t have the ability to walk into a room and say, ‘You’re all sitting down with me until we hammer this out.’ He couldn’t prevent the appellate body from pretty much collapsing – Mamdouh would run into some of the same headwinds”.

That leaves two African women. Amina Mohamed, Kenya’s cabinet secretary for sports, culture and heritage and a former diplomat who ran against Azevêdo when he won his first term in 2013, has expressed interest in

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Lost lives are the cost of economic disaster

It has been clear for some time that we are facing the deepest economic slowdown in more than 300 years. Now we have official figures showing the extent of the drop.

During April, the first entire month of lockdown, the British economy shrank by an astonishing 20.4pc. To put that in context, during September 2008, in the middle of the global financial crisis, GDP showed a monthly drop of 1pc.

Between February and April, the economy was 10.4pc smaller than the same three-month period in 2019. The deepest equivalent quarterly fall during the financial crisis was 2.1pc. And seeing as

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