Business

Airbnb stops booking stays in China: source

Home rental service Airbnb is shutting down its business in China as a pandemic lockdown shows no sign of ending there, a source close to the company told AFP Monday.

Business

Qantas forecasts $1.1 billion loss in 'worst' half year

Australian national carrier Qantas is forecasting a loss of more than 1.1 billion Australian dollars (US$790 million) in July-December in what its chief executive, Alan Joyce, called one of the worst periods of the entire ...

Business

Southwest says flights are more full and fares are rising

Southwest Airlines said Wednesday that bookings are improving and leisure-travel fares for June are approaching pre-pandemic levels, further signs that the airline industry is recovering from a deep slump.

Business

News Corp. buys Houghton Mifflin Harcourt books division

In the latest news of consolidation in the literary world, Rupert Murdoch's News Corp. announced Monday it's buying Houghton Mifflin Harcourt's book-publishing division, which includes such blockbuster releases as J.R.R. ...

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