Global Trade and Business

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 […]

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 […]

G7 leaders are on Saturday set to agree a joint declaration aimed at preventing another pandemic, as they resume wide-ranging talks at their first in-person summit in almost two years. The group of leading economies – Britain, Canada, France, Germany, Italy, Japan and the United States – will also try to showcase Western democratic cohesion […]