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Wizz Air warns of more losses in 'transition year'

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PARIS (Reuters) -European budget airline Wizz Air warned of further losses in its current financial year, amid a slower-than-expected recovery from the COVID-19 pandemic.
The ultra-low cost carrier faces another transition year as travel curbs linger on, Chief Executive Jozsef Varadi said on Wednesday, as the company posted a 576 million euro ($703 million) net loss for the 12 months ended March 31.
Unless we see an accelerated and permanent lifting of restrictions we expect a reported net loss in full-year 2022, Varadi said.
Despite the uncertainty, Wizz and low-cost peers such as Ryanair have used the crisis to add new routes as traditional airline rivals retrench. The Hungarian carrier now has 43 aircraft bases operating or announced, compared with 25 before the pandemic. ....

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AstraZeneca commits to 1.8 mln Thai vaccine doses amid supply anxiety

Drugmaker AstraZeneca said on Wednesday it would soon provide Thailand with 1.8 million doses of locally manufactured COVID-19 vaccine, the first of multiple batches this month, just days out from the launch of its mass vaccination drive. ....

Krung Thep Mahanakhon , King Maha Vajiralongkorn , Anutin Charnvirakul , Drugmaker Astrazeneca , Siam Bioscience , Southeast Asia , Southeast Asian , சியாம் உயிர் அறிவியல் , தென்கிழக்கு ஆசியா , தென்கிழக்கு ஆசிய ,

U.S. Stocks Seeing Modest Strength Amid Light Trading

U.S. Stocks Seeing Modest Strength Amid Light Trading
WASHINGTON (dpa-AFX) - Stocks have moved modestly higher in morning trading on Wednesday after ending the previous session nearly unchanged. The major averages have all moved to the upside, although buying interest has remained subdued.
Currently, the major averages are just off their highs of the session. The Dow is up 86.05 points or 0.3 percent at 34,661.36, the Nasdaq is up 33.46 points or 0.2 percent at 13,769.94 and the S&P 500 is up 11.65 points or 0.3 percent at 4,213.69.
The modest strength on Wall Street may partly reflect continued optimism about the outlook for the global economy following yesterday s upbeat manufacturing data. ....

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Tesla To Raise Vehicle Prices Again Amid Rising Material Costs

Tesla To Raise Vehicle Prices Again Amid Rising Material Costs
By
Dawn Geske
on June 02 2021 12:16 AM
Tesla Motors CEO Elon Musk speaks next to the company s Model S at the Tesla factory in Fremont, California.
Tesla (TSLA) is increasing the price of its electric vehicles again, according to a Twitter post from Elon Musk, due to the rising costs of raw materials.
Musk made the announcement Monday in response to a Twitter user that questioned the Tesla CEO’s recent price increase while removing features such as the lumbar support in the Model Y.

Moving lumbar was removed only in front passenger seat of 3/Y (obv not there in rear seats). Logs showed almost no usage. Not worth cost/mass for everyone when almost never used. ....

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Asian Markets Mostly Higher Amid Cautious Trade

Asian Markets Mostly Higher Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Tuesday, despite the absence of fresh cues from Wall Street, which was closed overnight for a holiday. The coronavirus infection rate in the region is keeping the underlying mood cautious as it is bound to impact the pace of global economic recovery from the pandemic. Asian stocks ended mixed on Monday.
The Australian stock market is modestly lower on Tuesday, extending the losses of the previous session, with the benchmark S&P/ASX 200 staying just above the 7,100 level, with the absence of fresh cues from Wall Street. Gold miners and banks are weighing down the market with mining giants and energy stocks offering resistance. ....

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