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But not everyone is so pessimistic. Geoffrey Thomas, head of the global Airline Ratings agency, acknowledges the sector is in serious trouble, but he expects it will "bounce back". "It always does," he said.

But industry watchers believed Libra and China's digital payment services will not compete directly due to their varying natures.

But Widmer also pointed out that the gold rally has only hit a pause and the bank's ,000 an ounce 18-month target remains unchanged. The current financial repression, dollar debasement and central banks' backstopping for governments support the bank's bullish outlook on gold prices, he said.

But on the flip side, St. Louis Fed President James Bullard told Bloomberg Television he does not believe a cut of a half-percentage point (50 basis points) is warranted at the FOMC (Federal Open Market Committee) meeting in July, even though he was in favor of cutting rates last week.

But she has found an unexpected way to nurture her artistic side - coffee tasting.