Global Trade and Business

The government has begun drawing up contingency plans for the collapse of Thames Water amid growing doubts in Whitehall about the ability of Britain’s biggest water company to service its £14bn debt-pile. Sky New reports Ministers and Ofwat, the industry regulator, have started to hold discussions about the possibility of placing Thames Water into a special […]

The World Bank must use “informed risk-taking” to encourage private investors to get more engaged in helping developing countries deal with climate change and leapfrog fossil-fuel energy sources, its new president Ajay Banga said on Sunday. Reuters reports Banga told CNN’s ‘Fareed Zakaria GPS’ program that efforts now underway to stretch the World Bank’s lending […]

British computer scientist Geoffrey Hinton has left Google with a warning about the potential dangers of artificial intelligence, having spent his entire career driving the technology forward. Let’s takes a look back at his life to find out why he became known as the “Godfather of AI”. From Sky News  “He is considered one of […]

Marriott International Inc (MAR.O) reported better-than-expected first-quarter results on Tuesday as the U.S. hotel operator benefited from a global rise in occupancy and room revenue led by domestic travel in China, sending its shares up by 3%. Reuters said U.S. hotel operators who have been grappling over the past year with an uneven recovery in […]

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 […]