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Hong Kong spearheads $5 billion Cathay Pacific rescue package

SYDNEY/HONG KONG (Reuters) – Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways (0293.HK), which like other airlines has been hit by a global travel slump triggered by the coronavirus pandemic. The government’s involvement in the recapitalisatio... More »

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WHO warns lifting of coronavirus lockdowns must be gradual

BEIJING (Reuters) – The World Health Organization warned on Tuesday that any lifting of lockdowns to contain the spread of the novel coronavirus must be gradual, and if restrictions were to be relaxed too soon, there would be a resurgence of infections. Lockdo... More »

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Cyclone pounds Vanuatu, levelling buildings, amid virus shutdown

SYDNEY (Reuters) – A powerful tropical cyclone made landfall on the South Pacific island nation of Vanuatu on Monday, witnesses said, levelling buildings in a country already in a state of emergency due to concerns about the coronavirus. Cyclone Harold approac... More »

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Solomon Islands eyes shift in diplomatic ties to China from Taiwan

SYDNEY (Reuters) – The Solomon Islands, one of Taiwan’s few remaining diplomatic allies, has formed a team of ministers to talk to Beijing ahead of a possible switch in ties that could be unveiled as early as this week, the chief of a parliamentary panel said.... More »

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Cathay Pacific shares in choppy trade after shock exit of CEO Hogg

HONG KONG/SINGAPORE (Reuters) – Cathay Pacific (0293.HK) shares were choppy in opening trade on Monday after the shock exit of CEO Rupert Hogg, as the airline grapples with mounting Chinese scrutiny over the involvement of some of its staff in anti-government ... More »

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Four dead, one missing as cyclone causes floods in Fiji

SYDNEY (Reuters) – Floods caused by a tropical cyclone that brought torrential weekend rains to the Pacific island nation of Fiji have killed four people, with another presumed drowned, a disaster management official said on Monday. Tropical Cyclone Josie, a c... More »

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Chinese airlines court Cathay pilots facing pay squeeze

Dave Ross, President and CEO of WASINC International, poses beside a recruitment banner in Hong Kong, China November 20, 2017. Picture taken November 20, 2017. REUTERS/Bobby Yip SHANGHAI/SINGAPORE (Reuters) – Chinese airlines are circling disaffected pilots at... More »