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Qatar Airways seeking 25% stake in Virgin Australia
Qatar Airways seeking 25% stake in Virgin Australia
Economy
by  AFP

Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal that could shake up Australia's Qantas-dominated market. That could significantly shake up Australia's air travel market which is currently dominated by Qantas, a pseudo-flag carrier beset by allegations of price gouging and deliberate overbooking.

US port officials gird for strike as labor talks stay stuck
US port officials gird for strike as labor talks stay stuck
Economy
by  AFP

Officials at 14 ports along the US East and Gulf coasts were making last-minute preparations on Monday for a likely labor strike that could drag on the US economy just ahead of a presidential election. - At Monday's news conference, New York officials emphasized that they have been preparing for a likely US dockworkers strike.