Hong Kong will give away half a million plane tickets. Here’s who can get them first

Hong Kong’s new global promotional campaign will “kickstart” the city’s reopening to international travelers, the Hong Kong Tourism Board told CNBC’s “Squawk Box Asia” on Friday.  As part of the “Hello Hong Kong” campaign, which was launched on Thursday, 500,000 air tickets will be given away over the next six months, starting in March. The … Read more

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Here’s what the Federal Reserve’s 25 basis point interest rate hike means for your money

The Federal Reserve raised the target federal funds rate for the eighth time in a row on Wednesday, in its continued effort to tame persistent inflation. At its latest meeting, the central bank approved a more modest 0.25 percentage point increase after recent signs that inflationary pressures have started to cool. “The easing of inflation pressures … Read more

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Biden administration plans to end COVID-19 emergency declarations May 11

Heart-related deaths rose sharply in 2020 Heart-related deaths rose sharply during first year of COVID pandemic 04:42 The White House is planning to end COVID-19 emergency declarations on May 11, the most public signal yet that the Biden administration now believes the worst of the pandemic is over, the White House announced Monday. The announcemnt … Read more

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Tourism is roaring back in China. But the $6 trillion consumer market is digging itself out of a deep slump

BEIJING — China’s consumption recovery from zero-Covid is getting off to a solid start – after a depressing fourth quarter. When Michelin-starred restaurant Rêver reopened Thursday from a Lunar New Year break, it was fully booked, said Edward Suen, chief operating officer of the Guangzhou venue. Reservations for the next three days were near capacity, … Read more

View More Tourism is roaring back in China. But the $6 trillion consumer market is digging itself out of a deep slump

China looks past Covid as tourist bookings surge for the Lunar New Year

BEIJING — People in China are moving past the pandemic and going out to travel, preliminary data for the Lunar New Year holiday show. “Pent-up demand is being released as many people rush to scenic spots, watch firework shows and crowd into restaurants and hotels,” Nomura’s chief China economist Ting Lu said in a report … Read more

View More China looks past Covid as tourist bookings surge for the Lunar New Year

Here’s where mainland Chinese traveled overseas for the Lunar New Year

BEIJING — Travelers from mainland China stuck close to home in Asia during the Lunar New Year, the first holiday after Beijing relaxed its Covid-related border controls. Hong Kong and Macao were the most popular spots, said Trip.com, citing flight bookings on its platform for the first four days of the Lunar New Year. The … Read more

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Booster dose of Covishield offers best immune response: Lancet study – Times of India

NEW DELHI: A booster dose of Covishield offers the best immune response, irrespective of whether the primary doses were of Covishield or Covaxin, according to a new study conducted in India and published in The Lancet Regional Health Southeast Asia journal.According to the study, even though homologous and heterologous boosting with Covishield or Covaxin in … Read more

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‘Outright negative’ on stocks: JPMorgan’s Marko Kolanovic braces for correction, hard landing

JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, telling investors he’s “outright negative” on the market. “Fundamentals are deteriorating. And, the market has been moving up. So, that has to clash at some … Read more

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China celebrates Lunar New Year amid COVID surge

China celebrates Lunar New Year amid COVID surge – CBS News Watch CBS News Millions of people celebrated the Lunar New Year in China for the first time in two years as most COVID-19 restrictions are now lifted. Elizabeth Palmer reports. Be the first to know Get browser notifications for breaking news, live events, and … Read more

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FDA says Covid vaccines will probably get an annual update but most people will likely need only one shot

Justin Sullivan | Getty Images The Food and Drug Administration has laid out a road map for what Covid-19 vaccination may look like moving forward. In a briefing document published Monday, the FDA said the vaccines will probably need an annual update as the virus continues to evolve. The agency would select the Covid strain … Read more

View More FDA says Covid vaccines will probably get an annual update but most people will likely need only one shot