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Travel & leisure industry
Spain supplants UK as top hotel investment destination amid buoyant demand
...Meanwhile, hotel investment volumes in the UK last year fell 38 per cent to €2.2bn, contracting nearly 70 per cent from pre-pandemic levels....
April 14, 2024
UK immigration
Rwandan state airline rejected UK proposal to fly asylum seekers to Kigali
...They also cast doubt on the idea of contracting a Royal Air Force plane to transport asylum seekers, saying it would be “very expensive”....
April 9, 2024
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
McKinsey
McKinsey website touted its advice to Chinese government ministries
...McKinsey is facing calls from some US lawmakers to be barred from contracting work for the federal government because of alleged inconsistencies in its statements about its business in China....
February 27, 2024
Bibi Hidalgo
How to actually help America’s minority-owned businesses
...small businesses, and a little under 1.8 per cent (about $10bn) to Latino- or Hispanic-owned companies....
March 7, 2024
News updates from March 19: Bank of Japan ends negative rate era; Microsoft hires DeepMind co-founder
WuXi AppTec shares drop as company vows to fight US bill
...US lawmakers are seeking to restrict companies with federal funding from contracting with biotech groups deemed to be a threat to national security....
March 19, 2024
German economy
Fall in German business sentiment points to a contracting economy
...The Ifo Institute said “companies were less satisfied with their current business [and were] more sceptical about the first half of 2024”....
December 18, 2023
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
German economy
Germany raises forecasts on boost to outlook for industry and consumers
...Germany was the world’s worst-performing major economy last year, with gross domestic product contracting 0.3 per cent and experts warning that it risked becoming the “sick man of Europe”....
April 24, 2024
News updates from March 1: Nvidia closes above $2tn valuation, Gunvor to plead guilty to US bribery charges
US manufacturing contracts in February as new orders soften
...A figure below 50 indicates that the sector is contracting. Demand moderated last month after new orders rebounded in January, while production slowed....
March 1, 2024
UK retail sales
UK retail sales growth picks up as price pressures ease
...Both Barclays and the BRC showed slow growth in discretionary spending compared with February, with non-essential sales growing annually at 1.6 per cent, according to Barclays, and non-food sales contracting...
April 8, 2024
US-China relations
Chinese pharma group lobbies against US biotech crackdown
...US lawmakers have put the sector under scrutiny in relations with China and are seeking to restrict companies with federal funding from contracting with “foreign adversary” biotech groups of “concern” deemed...
March 19, 2024
Eurozone economy
Ireland’s volatile industry data weighs on eurozone output
...So when the international activities of these companies declines it has a magnified impact on Irish production figures....
December 13, 2023
News in-depthMcKinsey
McKinsey’s revenue from prime US government contracts falls to 9-year low
...Partly compensating for the decline in prime contracting work in recent years, McKinsey has increased its presence as a subcontractor on projects led by others, particularly technology companies including...
January 14, 2024
US tax
US tax agency targets executives’ personal use of corporate jets
...Several companies expanded private jet privileges during the Covid-19 pandemic, arguing that the higher spending was justified to reduce the risk of their executives contracting the virus....
February 21, 2024
News updates from January 3: US job openings fall to 32-month low, Blasts kill about 100 in Iran
US manufacturing sector decline slows in December
...Prices for raw materials decreased in December at a faster pace than the previous month, but companies still reported job cuts and a continued slowdown in hiring....
January 3, 2024
Global Economy
Housing – probably important
...New lending for property-related activity is contracting. We’re not Chinese property experts, but whatever landing the property sector is experiencing doesn’t exactly look soft....
April 10, 2024
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
UK property
UK rental costs rise at record 9% pace
...There were large regional variations, with house prices rising at an annual rate of 4.8 per cent in Scotland but contracting 3.9 per cent in London....
March 20, 2024
Letter
Letter: Turbulence at Boeing is chance for real reforms
...Boeing needs to be an engineering and manufacturing-driven company. The 1997 reverse merger with McDonnell Douglas put profit and cost controls above all else....
January 15, 2024
InterviewIndian economy
India risks ‘squandering’ demographic dividend, says World Bank
...Ohnsorge said private companies in sectors such as manufacturing and services had not grown enough to absorb workers leaving the agricultural sector. The lack of jobs for women is another challenge....
April 2, 2024
Construction sector
UK construction activity stabilises on back of falling inflation
...Matthew Pointon, senior property economist at the research company Capital Economics, said commercial construction had “been contracting since September last year as developers wait for the outlook to stabilise...
March 6, 2024
News in-depthCoronavirus treatment
Scientists grapple with long Covid puzzle as millions fall sick
...Two months after contracting Covid-19 in August 2021, Heather Marti, a university programme administrator from West Virginia, began to experience a terrifying array of symptoms that have changed her life...
February 15, 2024
Merlin Entertainments PLC
How Britain’s biggest aquarium chain keeps its animal records under wraps
...Anne Goodenough, an ecology professor at the University of Gloucestershire, said the indoor conditions reduced the risk of the penguins contracting avian influenza or avian malaria....
March 12, 2024
Coronavirus
Anti-viral protein found to be important long Covid indicator
...It tested the blood of 55 people who were experiencing symptoms — predominantly fatigue — at least five months after contracting Covid-19....
February 21, 2024
News updates from December 1: S&P 500 closes at 20-month high and gold hits record despite rate cut pushback from Powell, Israel resumes fighting against Hamas
Private survey shows Chinese factory activity expanded in November
...The figures contrast with the official PMI released on Thursday, which showed activity contracting for a second month. The official PMI puts a greater emphasis on larger, state-owned companies....
December 1, 2023
UnhedgedRobert Armstrong
How dominant is fiscal dominance? Premium content
...He sent me four such UK/US pairs: in Banking, Standard Chartered and Citi; in Homebuilding, Cairn Homes and Lennar; in Tobacco, Imperial Brands and Altria; in defence contracting, Babcock International and...
April 1, 2024
Arm Ltd
Arm shares soar almost 50% as AI demand boosts revenues
...In recent years Arm, which sells chip design licences to manufacturers that in turn pay royalties on each unit shipped, has sought to diversify its business to reduce its dependence on the contracting smartphone...
February 8, 2024

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