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...American Express Global Business Travel has agreed a $570mn deal to buy rival CWT, in a bet on the continued recovery of business travel following the pandemic....
...Chart du jour: Greek tragedy Greece’s strong economic recovery has made it one of the best performers in the eurozone....
...On a conference call with analysts in January, Gray said Breit had “weathered the storm” in real estate markets, but he warned that Blackstone did not expect to see a “V-sharped recovery” in property values...
...“We would acknowledge that this is not going to be some sort of a V-shaped recovery. There are going to be plenty of troubled deals in the market,” added Gray....
...So reform and recovery go hand in hand.”...
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...“And, of course, it will be possible to unlock the money from the recovery and resilience plan.”...
...The recovery in corporate travel since it ground to a halt during Covid restrictions has been led by small and medium-sized businesses, according to Paul Abbott, chief executive of American Express Global...
...TransPennine Express, which runs trains in northern England and parts of Scotland, has become the fourth railway service to be nationalised by the UK government in just five years....
...But in principle a change of government ought to unlock tens of billions of euros for Poland from the EU’s post-pandemic recovery funds and from the regular EU budget, as Leszek Kąsek and Rafał Benecki write...
...More on that below, but first a scoop from Laura: Belgium’s security services are monitoring Chinese tech group Alibaba’s logistics hub at Liège airport for “possible espionage and/or interference activities...
...At the same time, the country’s full recovery of independence in 1955, after a 10-year occupation by the second world war Allies, was conditional upon its adoption of permanent neutrality, as explained by...
...Paul Abbott, chief executive of American Express Global Business Travel, said multinational companies had been slower to bring back business travel than small- and medium-sized companies, where demand has...
...Two years ago, Igor Matovič, then Slovakia’s prime minister, was asked in a radio interview what his government had promised Moscow in return for supplies of Russia’s Sputnik V Covid vaccine....
...FirstGroup was recently stripped of a contract to run TransPennine Express rail services after many problems with cancellations. Investors were impressed....
...Express your thoughts’,” Sondag recalls. “And that worked pretty well until the moment that they chained themselves to the private jets....
...But if you then look at the volumes of actual exports in 2022, and then express them in 2019 prices, the total value of goods and services exported in 2022 was actually £691bn — still below the £700bn achieved...
...TPE’s management is preparing a recovery plan to present to the government next month....
...“We describe ourselves as ‘making change through clay,’” says Wood, citing the initiative Recast — “a programme in partnership with Stoke Recovery Service to address points of alignment between working with...
...Express — and pays the company a fee to run the trains, shielding it from fluctuations in passenger numbers....
...The headline economic items this week will be China’s third-quarter gross domestic product figures, laying bare the state of recovery in the world’s second-largest economy, as well as the UK employment and...
...J&T Express, a Chinese-backed parcel delivery group that expanded into Riyadh a year ago, has grown rapidly and is filing for a listing of up to $1bn in Hong Kong this month....
...Rules for larger tech companies under the Digital Services Act and the Digital Markets Act are more strict than for smaller companies....
...A decision is expected in the coming weeks, but ministers have said they are mindful that taking over the service is unlikely to lead to a major recovery in services unless a new overtime deal is struck...
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
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