Airline industry past worst point of Covid crisis, says trade body

International Air Transport Association chief calls for simpler travel rules and fewer border restrictions to help sector recover

The International Air Transport Association (Iata) has said the airline industry is now over the worst of the Covid pandemic, but urged governments to simplify travel rules and open borders to help the aviation sector operate within a now “endemic” phase of the virus.

Total industry losses are expected to fall to $11.6bn (£8.5bn) in 2022, according to Iata forecasts, which would mean a cumulative loss of just over $200bn in three years as a result of Covid.

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‘We are fearful’: Indigenous Mexicans dread new military buildup on ancestral land

As the Tzeltal people resist huge infrastructure projects across Chiapas state, the new national guard barracks springing up are alarming many

Micaela* always stops to kiss a cross at the base of three hills, a lush swath of land in the indigenous ejido of San Sebastián Bachajón, Chiapas. Her ejido, meaning communal land, is shared among more than 5,000 Tzeltal inhabitants. But soon, they will also have to share it with Mexico’s national guard.

The national guard has built 165 barracks in Mexico since it was created only two years ago by President Andrés Manuel López Obrador to replace the federal police, which he said was corrupt. Micaela’s community is leading the first lawsuit against one of 500 or so barracks planned across the country.

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California oil spill fouls beaches and kills wildlife – video

A large oil spill off the coast of Southern California has killed wildlife and fouled beaches along the Orange county coast. At least 126,000 gallons (572,807 litres) spilled into the waters after oil leaked from a broken pipeline connected to an offshore rig

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IMF boss Kristalina Georgieva ‘faces coup plot’

Renowned economist Joseph Stiglitz says chief is victim of conservative ‘hatchet job’ using unfair report to discredit her

The International Monetary Fund boss, Kristalina Georgieva, is the victim of a plot to oust her, according to a Nobel prize-winning economist, after a report alleged that she applied “undue pressure” on staff to boost China’s standing in global rankings while in her previous job at the World Bank.

Joseph Stiglitz, a former chief economist at the World Bank, said a report prepared by the law firm WilmerHale on concerns about China’s influence at the Washington-based organisation was being used unfairly to “discredit and oust” Georgieva.

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Boris Johnson: petrol crisis and pig cull part of necessary post-Brexit transition

PM’s remarks come as Liz Truss insists it’s the role of business, not ministers, to resolve such problems

Queues for petrol and mass culls of pigs at farms because of a lack of abattoir workers are part of a necessary transition for Britain to emerge from a broken economic model based on low wages, Boris Johnson has argued.

His comments, on the first day of the Conservative conference, came as Liz Truss, the foreign secretary, insisted it was the role of business, not ministers, to sort out such problems.

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‘Only yourselves to blame’: UK’s shortages seen from abroad

US and European media give their verdict on the fuel, food and labour crisis they say is caused by Brexit

Government ministers may insist it is “wrong” to blame Brexit for Britain’s fuel, food and labour shortages, but for the rest of Europe – and beyond – there is only one reason why the UK’s crisis is so very much worse than everywhere else’s.

“One is tempted to tell the British: ‘You have only yourselves to blame,’” said Gabi Kostorz on ARD’s Tagesthemen, a leading German news show. “We tried to talk you out of it, but you decided otherwise. Now you have to face the consequences.”

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‘A perfect storm’: supply chain crisis could blow world economy off course

From Liverpool to LA, shortages of energy, labour and transport are threatening recovery from Covid

It was all going so well. Successful vaccination programmes were driving the post-pandemic recovery of the global economy, stock markets were back at record highs, and prices were rising just enough to make deflation fears a thing of the past.

But a supply crunch that initially put a question mark over the availability of luxury cars or whether there would be enough PlayStations under our Christmas trees is instead morphing into a full-blown crisis featuring a shortage of energy, labour and transport from Liverpool to Los Angeles, and from Qingdao to Queensland.

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Emergency visa scheme extended in major U-turn by Boris Johnson

Threat of Christmas being ruined by driver shortages forces ministers to expand range and duration of visas

Boris Johnson’s government has made a dramatic U-turn in an attempt to save Christmas – with a raft of extended emergency visas to help abate labour shortages that have led to empty shelves and petrol station queues.

New immigration measures will allow 300 fuel drivers to arrive immediately and stay until the end of March, while 100 army drivers will take to the roads from Monday, the government announced late on Friday.

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Coronavirus treatments: the potential ‘game-changers’ in development

After positive clinical trials for antiviral drug Molnupiravir, it joins other medicines that have shown promise

The first clinical trial results showing a positive effect for a pill that can be taken at home has been hailed as a potential gamechanger that could provide a new way to protect the most vulnerable people from the worst effects of Covid-19. Molnupiravir joins a growing list of medicines that have shown promise. Here are some of the main developments in treatments so far.

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China orders energy firms to secure winter fuel supplies at all costs

World’s second biggest economy is grappling with power cuts that have affected industrial output

China’s central government officials have ordered the top state-owned energy companies to secure fuel supplies for winter at all costs as the country battles a power crisis that threatens to hit growth in the world’s second biggest economy.

The vice-premier, Han Zheng, has told energy companies to make sure there is enough fuel to keep the country running and made it clear that Beijing would not tolerate blackouts, according to a report by Bloomberg.

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‘The sharks are hiding’: locals claim deep-sea mining off Papua New Guinea has stirred up trouble

‘Shark calling’, an ancient custom of hunters singing to sharks then catching them by hand, is under threat and locals blame deep-sea disturbances

More in this series
Race to the bottom: the disastrous, blindfolded rush to mine the deep sea
‘False choice’ – is deep sea mining required for an electric vehicle revolution?
Covid tests and superbug killers: how the deep sea is key to fighting pandemics

To catch a shark in the waters off Papua New Guinea, first the men sing.

They sing the names of their ancestors and their respects to the shark. They shake a coconut rattle into the sea, luring the animals from the deep, and then catch them by hand.

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China’s factory activity in shock slowdown as energy crisis hits home

Output, orders and employment all fell in September, according to official data, as Beijing turns to Russia to ease its electricity shortages


China’s factory activity has shrunk unexpectedly amid curbs on electricity use and rising prices for commodities and parts, raising more concerns about the state of the world’s second biggest economy.

A closely watched survey released on Thursday showed that China’s factory activity contracted in September for the first time since the pandemic took a grip in February 2020.

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How bad is China’s energy crisis?

Country is implementing power rationing as supplies dwindle due to price raise of imported coal

The situation is widespread. In recent days, factories in 20 of China’s 31 provinces have suffered a loss of power, forcing many to shut down production, at least for hours at a time. Millions of households in the north-east of the country have also lost power and found that they cannot use electricity to heat or light their homes.

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United Airlines set to fire nearly 600 workers for defying vaccine mandate

The company said it would start the process of firing 593 employees who decided not to get vaccinated

United Airlines has said nearly 600 US-based employees are facing termination after failing to comply with the carrier’s vaccination policy.

In early August, the company became the first US airline to require Covid-19 vaccinations for all domestic employees, requiring proof of vaccination by Monday.

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Lego doubles profits as demand soars beyond Covid-19 lockdown

Brick brand says it does not not expect problems with Christmas stock despite global supply crisis

Lego profits more than doubled in the first six months of the year as brick fans stayed home to build Star Wars and Harry Potter models even after the Covid-19 lockdown ended.

The Danish toymaker was one of the winners from Covid restrictions as children and adults turned to its model kits to occupy themselves – and that trend has continued. Sales jumped 43% to DKr23bn (£2.6bn) in the first six months of 2021 while net profits surged 140% to DKr6.3bn.

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End to freedom of movement behind UK fuel crisis, says Merkel’s likely successor

Olaf Scholz, poised to become next chancellor, wades into row over HGV driver shortage

The centre-left politician in pole position to replace Angela Merkel as German chancellor has pinpointed the decision to end freedom of movement with Europe after Brexit as the reason for Britain’s petrol crisis.

Olaf Scholz, who is seeking to form a coalition government after the SPD emerged as the biggest party in Germany’s federal elections, said he hoped Boris Johnson would be able to deal with the consequences of the UK’s exit from the EU.

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‘Getting into Europe is a relief every time’: an HGV driver reflects on UK crisis

Christopher Johns talks about what conditions are like for drivers in the UK and whether any solutions might be forthcoming

Christopher Johns, 37, from Burwash, Sussex, has been an HGV driver for more than 10 years, and drives long distance in UK and Europe. Here he speaks about what conditions are like for HGV drivers in the UK, and why he feels there may be no quick solution to the current truck driver crisis.

“I’m always staggered by how much truck drivers have been taken for granted in the UK. We work so hard for very little money. Our wages have desperately needed improving for such a long time. A friend’s starting salary at Lidl is the same as that of many trucker friends. I could earn more if I did temp work, like many others do, but I have a wife and three kids, I need job security. I only earn enough now because I do a lot of overseas work, where you get bigger expenses allowances.

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Boris Johnson to consider using army to supply petrol stations

Ministers to discuss emergency plan Operation Escalin after BP reveals a third of its forecourts have shortages

Hundreds of soldiers could be scrambled to deliver fuel to petrol stations running dry across the country due to panic buying and a shortage of drivers under an emergency plan expected to be considered by Boris Johnson on Monday.

The prime minister will gather senior members of the cabinet to scrutinise “Operation Escalin” after BP admitted that a third of its petrol stations had run out of the main two grades of fuel, while the Petrol Retailers Association (PRA), which represents almost 5,500 independent outlets, said 50% to 90% of its members had reported running out. It predicted that the rest would soon follow.

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‘We’ve signed Ronaldo’: could other banks follow Goldman Sachs to Birmingham?

As the bank hires nearly 100 staff in the city, the region’s mayor hopes to attract more big firms

Investment bankers are rarely compared to football stars. But when the West Midlands mayor, Andy Street, formally welcomed Goldman Sachs to Birmingham this month, he likened its arrival to one of the summer’s big transfer moves.

“I hope this isn’t inappropriate,” he said, addressing a crowd of Goldman staff gathered at the city’s newly refurbished Grand Hotel. “I think you probably are the Cristiano Ronaldo moment. You’re the big one to secure.”

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Fears for 1 million furloughed staff with Sunak set to finally end scheme

After the success of the chancellors’s £70bn programme, there is uncertainty about the future direction of the economy

The biggest state intervention in the UK’s labour market in peacetime comes to an end this week when the government finally winds up its furlough support.

Barring an unlikely last-minute change of heart, a wage subsidy that has been in place for 18 months and has cost £70bn will no longer be open to struggling firms.

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