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Macao's casinos are hemorrhaging cash under China's strict Covid-19 lockdown orders. The former Portuguese colony-turned-gambling mecca was already hamstrung by the drop in travel during the pandemic, and now analysts are predicting things are about to go from bad to worse. Gross gambling revenue is expected to fall 98% this month compared with July 2019 — and that's assuming casinos reopen next week.
Temperatures are scorching across Europe, but leaders are already planning for what may be a long, painful winter.
Here's the deal: The European Union unveiled its emergency gas rationing plan on Wednesday, urging its 27 member states to curb gas demand by 15% and push manufacturers to adopt alternative energy sources.
This is the rationing moment many Europeans feared would result from Russia's invasion of Ukraine in February.
Macao's casinos are hemorrhaging cash under China's strict Covid-19 lockdown orders. The former Portuguese colony-turned-gambling mecca was already hamstrung by the drop in travel during the pandemic, and now analysts are predicting things are about to go from bad to worse. Gross gambling revenue is expected to fall 98% this month compared with July 2019 — and that's assuming casinos reopen next week.
Temperatures are scorching across Europe, but leaders are already planning for what may be a long, painful winter.
Here's the deal: The European Union unveiled its emergency gas rationing plan on Wednesday, urging its 27 member states to curb gas demand by 15% and push manufacturers to adopt alternative energy sources.
This is the rationing moment many Europeans feared would result from Russia's invasion of Ukraine in February.
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