Tausi Insider

WestJet marks its first non-stop flights to Asia from Calgary as it announced a new route to Japan. The Calgary-based airline said Monday that it will fly to Tokyo’s Narita International Airport from Calgary this spring. The non-stop flights will operate seasonally three times weekly beginning April 30. The airline also announced new routes from Calgary to Barcelona and Edinburgh, starting in May 2023. In addition, flights to Dublin, London, Paris and Rome, will increase in frequency by 95 per cent in the spring. The announcement is part of the airline’s plan to raise Calgary airport’s capacity by more than 25 per cent in 2023, WestJet chief executive Alexis von Hoensbroech said in a news release. Earlier this year, WestJet announced its “new strategic direction” to refocus its fleet and routes in Western Canada. Von Hoensbroech said the airline plans to bring more affordable travel options in the new year. WestJet also said it is preparing for broader expansion within Canada and Nor...

People walk with shopping bags in Berlin, on Nov. 16. LISI NIESNER/Reuters German companies expect only a mild recession next year despite headwinds from the energy crisis, raw material shortages and a tepid global economy, a survey of major associations published by Reuters on Tuesday showed. “The last quarter of 2022 and the start of 2023 are likely to be accompanied by a decline in economic activity,” said Siegfried Russwurm, president of the Federation of German Industries (BDI). “However, we expect only a slight slump.” There have been growing signs that the German economy could stave off the worst of an economic downturn triggered by a plunge in energy supply from Russia after the Ukraine invasion. Inflation slowed slightly to 11.3 per cent in November from a high of 11.6 per cent the month prior as energy prices eased. The German government has predicted the economy will grow by 1.4 per cent this year and contract by 0.4 per cent next year. Russwurm warned that growth would re...