Flight bookings for leisure and business travel top 2019 levels

Flight bookings for leisure and business travel top 2019 levels

For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s third annual travel report, titled “Travel 2022: Trends & Transitions,” published yesterday. After analyzing 37 global markets, the report found that cross-border travel reached pre-pandemic … Read more

Tencent profit halves as crackdown, COVID-19 weigh | Financial Markets News

Tencent profit halves as crackdown, COVID-19 weigh |  Financial Markets News

China’s Tencent reported on Wednesday that its quarterly profit halved from a year ago and revenues stagnated, blaming cuts in advertising spending by consumer, e-commerce and travel businesses for its worst performance since it went public in 2004. The operator of the WeChat messaging platform and the world’s largest video game company said ad sales … Read more

China’s new home prices fall for the first time since December | Business and Economy

China’s new home prices fall for the first time since December |  Business and Economy

Average new home prices in 70 major cities fall 0.2 percent on a month-on-month basis after flatlining in March. China’s new home prices in April fell for the first time month-on-month since December, official data showed on Wednesday, depressed by strict COVID-19 lockdowns in many cities, despite more easing steps aimed at supporting demand. Average … Read more

Oak Real Estate Partners Launches $ 500 Million Fund for Institutional Investors | News

Oak Real Estate Partners Launches $ 500 Million Fund for Institutional Investors |  News

BLOOMFIELD HILLS, Mich .– (BUSINESS WIRE) – May 17, 2022– Michigan-based White Oak Capital Holdings, LLC, dba as Oak Real Estate Partners, a national fund manager focused on the institutional investment sector, announced it has launched Oak Institutional Credit Solutions, LLC, a $ 500-million private real estate financing investment fund. The newly formed investment vehicle … Read more

House Dems Propose $ 28 Million to Address Formula Shortage | Business News

House Dems Propose $ 28 Million to Address Formula Shortage |  Business News

By KEVIN FREKING, Associated Press WASHINGTON (AP) – House Democrats unveiled a $ 28 million emergency spending bill Tuesday to address the shortage of infant formula in the United States. Rep. Rosa DeLauro, the Democratic chair of the House Appropriations Committee, said the bill would help the Food and Drug Administration take important steps to … Read more

Rwanda: CHOGM – Local Women Entrepreneurs Optimistic Over Potential Business Opportunities

Rwanda: CHOGM – Local Women Entrepreneurs Optimistic Over Potential Business Opportunities

Gender equality and women’s empowerment are one of the fundamental principles of the Commonwealth. The Commonwealth priorities for Gender Equality 2017-2020 and beyond were endorsed by Women’s Affairs Ministers at their 11th meeting, hosted by the Government of Samoa in September 2016. They provide a template for action for the four years and beyond, and … Read more

China’s small businesses buckle under lockdowns, as expats exit | Coronavirus pandemic

China’s small businesses buckle under lockdowns, as expats exit |  Coronavirus pandemic

Beijing, China – For Li Pei, keeping two businesses running during China’s lockdowns has been no easy task. At Li’s solar panel business in Shanghai, staff have been working remotely to achieve sales quotas since the city went into lockdown in late March. Meanwhile, Li’s kindergarten in Beijing’s Haidian district is temporarily closed, after already … Read more

US Allows More Baby Formula Imports to Fight Shortage | Business News

US Allows More Baby Formula Imports to Fight Shortage |  Business News

By MATTHEW PERRONE and ZEKE MILLER, Associated Press WASHINGTON (AP) – Under fire from parents and politicians, President Joe Biden’s administration announced steps Monday to ease a nationwide shortage of baby formula, including reopening the largest domestic manufacturing plant and increasing imports from overseas. The Food and Drug Administration said it was streamlining its review … Read more

Opinion: There is no mystery to success as an entrepreneur: It is a skill that can be learned

Opinion: There is no mystery to success as an entrepreneur: It is a skill that can be learned

Eric Morse is executive director of the Morrissette Institute for Entrepreneurship, Ivey Business School. Neil McLaughlin is group head, personal and commercial banking, Royal Bank of Canada. An entrepreneur’s journey often begins without capital, a team or market. But almost all start their ventures with an abundant supply of optimism. It’s what helps entrepreneurs see … Read more

Billionaire Adani to buy Holcim’s India cement biz for $ 10.5bn | Business and Economy News

Billionaire Adani to buy Holcim’s India cement biz for $ 10.5bn |  Business and Economy News

Swiss building-materials firm Holcim Ltd. agreed to sell its Indian operations to local billionaire Gautam Adani, currently the richest person in Asia, another step in Chief Executive Officer Jan Jenisch’s pivot away from traditional cement. The company will sell its 63% stake in Mumbai-listed Ambuja Cements Ltd. to Adani Group, it said in a statement … Read more