Casino operator MGM beats third-quarter estimates as China travel rebounds
(Reuters) – MGM Resorts International beat market estimates for third-quarter profit and revenue on Wednesday, as the casino operator benefited from easing pandemic-related entry restrictions in its key markets. The post-pandemic travel…
Tourism rebounds in Portugal from pandemic slump, but return to record unlikely
By Sergio Goncalves LISBON – Tourism is rebounding more quickly in Portugal than in some parts of Europe, but the number of foreign visitors this year is still expected to lag the…
Explainer-Some patients reporting COVID rebounds after taking Pfizer pills
By Michael Erman (Reuters) – More than 2.8 million courses of Pfizer Inc’s COVID-19 oral antiviral treatment Paxlovid have been made available at pharmacies around the United States, with the Biden administration…
Global airline capacity hits 2022 high as China demand rebounds – OAG
By Koustav Samanta (Reuters) – Global airline capacity has surged to its highest level in 2022 this week because of a rebound in Chinese domestic demand despite extended lockdowns in Asia’s biggest…
Euro zone Feb production rebounds as expected on consumer goods
BRUSSELS – Euro zone industrial production rebounded as expected in February from a January slump thanks to stronger output of consumer goods, which offset declines in the output of energy and capital…
Italy’s public finances improve in 2021 as growth rebounds
By Gavin Jones and Giuseppe Fonte ROME – Italy’s economy grew 6.6% last year following a record contraction of 9.0% in 2020, while the budget deficit and public debt came in below…
U.S. worker productivity rebounds in fourth quarter; labor costs tepid
WASHINGTON – U.S. worker productivity rebounded more than expected in the fourth quarter, curbing labor costs growth, but the coronavirus pandemic has distorted the data and prevented a clear trend. The Labor…
U.S. banks look forward to ‘bread-and-butter’ growth as economy rebounds
By David Henry NEW YORK – U.S. banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the U.S. economy expands and the Federal…
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