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...The survey underscores the broadly buoyant mood in the hospitality sector that has driven a return to dealmaking after the pandemic....
...New York’s hospitality industry “absolutely still needs labour,” said Andrew Rigie, executive director of the NYC Hospitality Alliance, a trade group for the city’s restaurants and bars....
...Elon Musk has filed a lawsuit against OpenAI and its chief executive Sam Altman, alleging the ChatGPT maker’s multibillion-dollar alliance with Microsoft has compromised the start-up’s original mission of...
...Dozens of companies are part of the “EHL Alliance”, allowing them to hold recruitment drives on campus....
...A person familiar with the matter said the boat was a Westport 164ft yacht being purchased from Fertitta, the hospitality billionaire....
...TGI Fridays said the deal would create a “global hospitality brand” offering “operational and financial flexibility, increased scale and capital to deliver continued revenue”....
...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...But Accolade has been hit by the Covid-19 pandemic’s damaging impact on the hospitality sector, the introduction of punitive Chinese tariffs on Australian wine in 2020 and a switch by many consumers to more...
...The US and Japan are planning the biggest upgrade to their security alliance since 1960 in a move to counter China....
...New layers of hospitality seating and luxury experiences cater to wealthier types of audiences....
...They successfully sued to unwind the American and JetBlue alliance in the north-east, and are trying to block JetBlue’s proposed takeover of Spirit....
...However, it has come under criticism from progressives for pulling out of one of the highest-profile climate alliances, and faced allegations of greenwashing from Australian regulators....
...The UK pharmaceutical retailer’s transfer of £4.8bn of pension obligations to insurer Legal & General brings its potential sale by owner Walgreens Boots Alliance one step closer....
...Conservative attacks over the climate change issues have coincided with new caution by BlackRock and other asset managers over participating in industry alliances that seek to tackle climate change....
...The Microsoft-OpenAI alliance is being reviewed by competition watchdogs in the US, EU and UK....
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...Those considering a punt on Cipriani’s new €500mn club venture will hope the high-end Italian hospitality group performs better than New York-listed rival Soho House....
...“We need to always nurture hospitality and gaming and entertainment, but we also need to be diversifying,” Quigley says....
...Hospitality companies generally have been hit by previously pent-up “revenge” travel beginning to abate. Hertz has, however, also been hit by a specific strategic choice....
...The private sector is adding jobs largely in two areas: leisure/hospitality and private education/healthcare. These two have made up 75 per cent of private payroll gains over the past year....
...“OpenAI, Inc has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” Musk’s lawsuit alleged....
...Hospitality group Accor’s relaunch of the Orient Express brand has revived interest in the train, known from literature and movies, and has opened up new possibilities for Montblanc....
...Freight rates have fallen as spending has shifted from ecommerce to hospitality. However, the CEO switch may also illustrate the difficulty some bosses have with letting go....
...Her report demonstrates the economic impact of the art trade — estimated to contribute nearly £1.6bn to the UK economy in taxes — and its ancillary expenditure in industries including insurance, hospitality...
...A version of this article was first published by Nikkei Asia on January 16. ©2024 Nikkei Inc. All rights reserved....
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