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...Souki started Tellurian in early 2016 with Martin Houston, a former BG Group executive, with an aim to develop the Driftwood project on a 1,200-acre site along the Calcasieu river....
...But the value of their remaining majority stake is today worth $1.4bn, leaving them underwater on their initial $2bn investment....
...Tellurian plans to construct Driftwood LNG on 1,200 acres along Louisiana’s Calcasieu river. If fully built it would become one of the largest single export projects in the US, costing $25bn....
...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....
...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...
...But it also has exposure to French football through a €1.5bn investment in a commercial subsidiary created in 2022....
...A version of this article was first published by Nikkei Asia on October 2. ©2023 Nikkei Inc. All rights reserved....
...Through its majority ownership of Legends, the concessions and hospitality company, Sixth Street has a view into the operations of many of sport and entertainment’s top stadiums and arenas....
...On February 1, Hochul unveiled a budget for 2024 that would require new buildings to have net zero carbon emissions....
...She cites staffing struggles in the wider hospitality industry and says that, since Brexit, the fair’s European exhibitors had more than halved from 38 in 2018 to 16 last year....
...The number of workers has recovered to 1,000, according to Cancelloni....
...One senior payments executive estimated that issuance of UnionPay cards could increase 100 to 1,000 times in Russia....
...Private equity firms are preparing bids for a €1.5bn media deal with France’s top football league....
...Roughly 275,000 people have registered to buy tickets for Miami, with $9m of deposits paid by 1,800 people for luxury hospitality and suites....
...He added that despite acute staffing shortages in hospitality, particularly in the UK and US, Experimental is aiming to increase its workforce from 600 to about 1,400 with the opening of the new hotels....
...With this in mind, Knighthead, which now manages $8.3bn in assets, and Certares, which specialises in investing in the travel, tourism and hospitality sectors, raised $1.5bn in spring 2020 to invest in the...
...PepsiCo earned $1.7bn in net income, up from $1.3bn. On an adjusted basis, the company posted earnings of $1.21 per share, better than the consensus estimate of $1.12....
...Meanwhile, the driving licence body DVLA is dealing with a 1.4m backlog of cases, the Public and Commercial Services union said in July, preventing new drivers from entering the workforce....
...Prince Alwaleed’s Kingdom Holdings vehicle said it expected to realise a gain of $1.6bn on the 24 per cent stake that it is selling....
...Combined investment this year and last has jumped $1.6bn against pre-pandemic forecasts, according to research group Interact Analysis....
...Net income attributed to the company hit $2.36bn, up from $1.65bn a year ago. PepsiCo earned $1.72 per share on an adjusted basis, topping the consensus estimate of $1.53....
...Instead, the group has charted an aggressive growth strategy with the help of deep-pocketed shareholders like the US billionaire Ron Burkle and hospitality tycoon Richard Caring....
...Between the start of 2020 and March 1, 2021, its shares were up 14 per cent while Marriott shares were flat....
...The researchers estimated that every 1 per cent increase in app users can reduce coronavirus cases by as much as 2.3 per cent....
...Their ranks include not just the Uber drivers and Deliveroo riders, but gym instructors, hairdressers, those working in theatres or hospitality. We all know people in this insecure situation....
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