Economy flights from Moscow to Dubai cost up to $5,000 as Russians flee

The airline industry has been hampered by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to high fuel prices. soba pictures | Light Rocket | Getty Images Dubai, United Arab Emirates – Round-trip economy flights from Moscow to Dubai cost up to $5,000, many of which were sold out … Read more

Turkey cuts interest rates again despite 80% inflation

The number of Russian tourists to Europe decreased significantly during the summer, but increased in several other destinations, including Turkey (here). Onur Dogeman | soba pictures | Light Rocket | Getty Images Turkey’s central bank surprised markets once again with its decision on Thursday to cut its key interest rate, despite the country’s inflation soaring … Read more