Global Trade and Business

Fosun Tourism Group is in talks about an outright sale of Thomas Cook, the now online-only travel agent, three years after buying it out of liquidation. The Chinese owner of Thomas Cook is plotting an outright sale of the British holiday brand three years after it rescued the name from corporate ignominy. Fosun, which is […]

Oil prices rose for a second-straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey. Brent crude futures were up 98 cents, or 1.2%, to $81.97 a barrel by 10:50 a.m. EST (1551 GMT), while […]

U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route approvals, fresh COVID-19 testing rules and not enough large aircraft remain barriers to rising sales, analysts and industry officials say. Travel is returning to China, the world’s largest outbound tourism market worth $255 billion in 2019, after the […]

Equity indexes closed lower on Wednesday while U.S. Treasury yields rose as investors eyed 2023 with caution and weighed hopes for an economic boost from China’s relaxed COVID-19 restrictions against concerns about rising infections there. Reuters said yesterday. The yield on benchmark U.S. 10-year Treasuries rose for a third straight day, reversing an earlier decline […]

One of Germany’s main industry lobby groups called on Monday for more support for industry to diversify trade beyond China, as the government prepares new policies aimed at reducing the German economy’s dependence on Beijing. Reuters reported  Planned measures such as stress tests and greater scrutiny on investments in China, outlined in a draft document seen by […]