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February 13th - According to Qichacha APP, Alibaba (China) Co., Ltd. recently applied for and published a patent for "a method, device and equipment for training a large language model based on mind chain".On February 13th, Morgan Stanley economist Kathleen Oh stated that the Bank of Korea may raise its 2026 economic growth forecast for South Korea from 1.8% to 2.0% at its policy meeting on February 26th. She noted that this upward revision primarily reflects the positive risks from a stronger-than-expected semiconductor industry. She expects the Bank of Koreas inflation forecast for this year to remain unchanged at 2.1%, due to the gradual recovery of the domestic economy and limited demand-driven price pressures. She added that South Korea is expected to maintain its policy interest rate this year, while also pointing out that three of the Bank of Koreas seven board members will have their terms expire in the coming months.The Ukrainian Deputy Prime Minister stated that Russia attacked a port in Ukraines Odessa region, resulting in one death and six injuries.On February 13th, the "Implementation Plan for Promoting High-Quality Development of the Hydrogen Energy Industry in Lanzhou (2026-2028) (Draft for Public Comment)" was released for public comment. The plan aims to cultivate a hydrogen energy equipment manufacturing industrial cluster with core competitiveness, promote the deep integration of technological and industrial innovation, and achieve diversified and large-scale application scenarios. The goal is to double the output value of the hydrogen energy industry by 2028, making Lanzhou a nationally important innovation and manufacturing hub for hydrogen energy equipment and a core hub of the "Gansu-Xinjiang Hydrogen Corridor." The plan also aims to attract and cultivate 15-20 upstream and downstream enterprises in the industrial chain, forming an industrial cluster led by 2-3 leading enterprises and supported by numerous supporting enterprises. The average annual growth rate of the hydrogen energy and related industries is expected to reach 30% by 2028.Shijiazhuang Pharmaceutical Group (02005.HK): The Group’s propranolol hydrochloride has been approved and registered by the China National Medical Products Administration as an active pharmaceutical ingredient for use in marketed formulations.

As Leisure Travel Recovers, Australia's Qantas Will Acquire The Bulk of TripADeal

Charlie Brooks

May 24, 2022 09:22

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Australia's Qantas Airways announced on Tuesday that it will acquire a 51 percent stake in online travel operator TripADeal for an unknown sum in an effort to capitalize on the revival of demand for packaged vacations.


In recent months, easing COVID-19 and a revival in leisure travel have fueled a boom in the internet holiday booking business.


The agreement contains a provision for Qantas to acquire full ownership of TripADeal in four years and is expected to contribute to the national flag carrier's 2024 earnings targets.


It would enable regular fliers in the airline's reward program to redeem their points for any TripADeal vacation package, according to the Sydney-based company.


It said that Qantas Loyalty aimed for a return to double-digit growth in 2022 and underlying earnings before income tax of $500 million to $600 million by fiscal 2024.


Qantas said earlier this month that it would acquire the remaining ownership in Alliance Aviation Services for A$610.8 million to increase its footprint in the charter industry.