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New Zealand and Australia to open quarantine-free travel bubble

New Zealand and Australia to open quarantine-free travel bubble

World
April 6 (UPI) -- New Zealand announced Tuesday it will be re-opening its borders with Australia later this month after slamming them shut to travel a year ago in an effort to stymie the spread of the coronavirus. New Zealand Prime Minister Jacinda Ardern announced during a press conference Tuesday that conditions in both countries to permit quarantine-free travel between them had been met and the trans-Tasman travel bubble will be open starting April 19. Advertisement The announcement came hours after the nation's Cabinet had been informed that travel would be safe and that the director-general of health assessed the risk of transmission between the two countries was low. "One sacrifice that has been particularly hard for many to bear over the past year has been not be able to see friends...
‘Disappointed’ travel chiefs seek clarity from PM

‘Disappointed’ travel chiefs seek clarity from PM

Business
Leading travel industry figures have reacted with dismay to Boris Johnson's latest comments on the lockdown roadmap, saying they need more clarity.The prime minister said he was "hopeful" that foreign travel could begin again on 17 May.But he said more data was needed before a firm decision could be taken.The British Travel Association said the announcement was "beyond disappointing" and called for "a clear pathway to international travel and trade".Its chief executive, Clive Wratten, said moves to open borders had "once again been kicked down the road"."The business travel industry continues to be crippled by today's lack of movement," he added.In a Downing Street briefing on Monday, Mr Johnson said he did not want to see coronavirus re-imported from abroad and urged people to await a rep...
Dow drops 308 points as travel, retail stocks fall

Dow drops 308 points as travel, retail stocks fall

Business
March 23 (UPI) -- U.S. markets declined on Tuesday as shares of travel and retail stocks fell amid worries of renewed global COVID-19 restrictions. The Dow Jones Industrial Average ended the day down 308.05 points, or 0.94%, while the S&P 500 fell 0.76%, and the Nasdaq Composite dipped 1.12%. Advertisement Cruise and airline stocks helped to lead the decline as Carnival stock fell 7.82% and Norwegian Cruise Line dropped 7.16%, while United Airlines fell 6.81% and American Airlines declined 6.55%. Gap stock also fell 7.72% on the retail front. "Despite vast improvements, the third pandemic wave left large parts of the population vulnerable both medically and economically," Brad McMillan, chief investment officer at Commonwealth Financial Network, told CNBC. "That damage will take time ...
TSA reports highest daily travel numbers in year despite COVID-19 variant worries

TSA reports highest daily travel numbers in year despite COVID-19 variant worries

Business
March 14 (UPI) -- The Transportation Security Administration screened the most passengers in a single day since last year at the end of last week as spring break travel continues despite warnings from health officials. On Friday the TSA screened 1,357,111 travelers, the most since March 15, 2020, less than a week after the World Health Organization declared COVID-19 a pandemic. Advertisement The TSA reported its lowest travel volume of just 87,500 passengers on April 14, 2020, and air travel in 2020 fell 60% overall from the previous year to 324 million. The record in air travel came just a day before the United States administered 100 million COVID-19 vaccine doses, fulfilling President Joe Biden's pledge to reach the milestone before the end of his first 100 days in office. However, th...
U.S. markets extend losses as tech stocks drop, travel stocks gain

U.S. markets extend losses as tech stocks drop, travel stocks gain

Business
March 3 (UPI) -- Tech stocks dragged down major U.S. markets for a second consecutive day on Wednesday, while stocks tied to businesses reopening saw a boost. The Dow Jones Industrial Average fell 121.43 points, or 0.39%, while the S&P 500 dropped 1.31% and the Nasdaq Composite declined 2.7% extending losses from Tuesday. Advertisement Netflix stock dropped 4.95% to lead the declining tech stocks, while Amazon lost 2.89%, Microsoft fell 2.7%, Google's parent company Alphabet fell 2.57% and Apple ended the day down 2.45%. Wednesday's losses came amid ongoing concerns about the rising 10-year Treasury yield, as the benchmark rate increased eight basis points to a high of 1.49% before declining slightly to end the day. "One of the fundamental underpinnings of strong equity performance t...