In the past year, TUI has been forced to borrow billions from the German government just to stay afloat. But analysts have warned that in the wake of the crisis, the part-nationalised firm may struggle to compete against leaner rivals, as the industry reels from more than 12 months of international travel bans.
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Hapag-Lloyd says Red Sea route still ‘too dangerous’
admin, , Business, 0
“Amid a global recession, Egypt is grappling with shortages of foreign exchange reserves caused by the impact on the...
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AI boss Sam Altman ousted after board loses confidence
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“The board no longer has confidence in his ability to continue leading OpenAI,” the company said, citing “a deliberative...
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What are the new rules for fitting energy pre-payment meters?
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Ofgem believes suppliers should be allowed to retrieve their debts. However, under new rules, suppliers must give customers more...
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Biden: Infrastructure bill is ‘monumental step forward’
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Of course, promises can be broken – and there’s still the possibility centrists could derail the spending package, either...
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Trump maintains a Chinese bank account, says NYT
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US President Donald Trump has admitted he has a Chinese bank account, according to a report by the New...
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ChatGPT can now access up to date information
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“If this functionality or capability weren’t there, you would need to go to Google or to Twitter or to...
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Bernie Sanders announces Amazon safety investigation
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The Senate investigation follows the increased scrutiny Amazon has faced over its treatment of workers since the pandemic, when...
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Keir Starmer calls for extra tax on oil and gas producers
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“Both those businesses make very, very little money in the UK, they are international businesses and they are held...
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