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Business & Economy

Brexit's effecting on tourism's big names

21 May 2019; DW: Profits have plunged at Ryanair and Easyjet, while 43% of troubled tour operator Thomas Cook's summer holidays remain unsold. The travel sector can only lick its wounds and wait out the Brexit uncertainty.

The dark cloud of Brexit still looms large over Europe's tourism industry, despite the delay to Britain's withdrawal from the European Union.

Washington's bullying addiction threatens global stability

BEIJING, May 21 (Xinhua) -- Washington's long-standing addiction to bullyism has become a grave threat to global stability and peace.

The United States has shown ultra enthusiasm in brandishing the tariff stick against its main trade partners, including the European Union(EU), Japan, Canada, Mexico and China.

The intention of such actions is plain and simple: it is determined to crush anyone it sees a threat to its global dominance. And that is exactly what it has been doing since it became a superpower in the aftermath of World War II.

Merkel assures help for Ukraine to solve Donbas conflicts

MUNSTER, Germany, May 20 (Xinhua) -- German Chancellor Angela Merkel on Monday assured Germany's help for Ukraine to solve the conflicts in its Donbas region.

Merkel made the statement during her visit to a rapid reaction force of NATO in Germany's Munster.

The army unit, consists of soldiers of Germany, the Netherlands and Norway, was founded in 2014 after an escalation of clashes in Ukraine's east.

US delays Huawei ban for 90 days

Washington, May 21 (AFP) US officials have delayed a ban on American technology exports to Chinese tech giant Huawei until mid-August, saying the time was needed to allow for software updates and other contractual obligations.

A Commerce Department filing Monday said the delay does not change the ban imposed by President Donald Trump on national security grounds, an action with major implications for US and Chinese technology firms.

Bangladesh halts visas for Pakistani nationals amid diplomatic impasse

Dhaka/Islamabad, May 21 (PTI) Bangladesh high commission in Islamabad has stopped issuing visas to Pakistani nationals for one week over a fresh diplomatic row, a Bangladeshi official said Tuesday, amid strained bilateral ties since 2013 when Dhaka decided to hang several of the 1971 war criminals.

The diplomatic row between Bangladesh and Pakistan is on the rise since last year when Dhaka denied a visa to the Pakistan high commissioner.

Airline group predicts another record for summer travel

The airline industry’s U.S. trade group is predicting another record for summer travel.

Airlines for America forecast Tuesday that 257.4 million people will fly on U.S. carriers between June 1 and Aug. 31.

That’s a 3.4% increase over last summer, and it works out to about 2.8 million travelers a day.

The trade group says airlines are adding 111,000 seats per day, more than the predicted 93,000 increase in daily passengers.

Officials say Iran quadruples production of enriched uranium

TEHRAN, Iran (AP) — Iran quadrupled its uranium-enrichment production capacity amid tensions with the U.S. over Tehran’s atomic program, nuclear officials said Monday, just after President Donald Trump and Iran’s foreign minister traded threats and taunts on Twitter.

Iranian officials made a point to stress that the uranium would be enriched only to the 3.67% limit set under the 2015 nuclear deal with world powers, making it usable for a power plant but far below what’s needed for an atomic weapon.

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