The number of international tourists rose by four percent worldwide to 1.2 billion in 2016 as Asians traveled more, but security fears hit visitor arrivals in Europe, the World Tourism Organization (WTO) said. This represents the seventh consecutive year of growth since 2009, when global tourism figures declined four percent as the financial crisis and an outbreak of swine flu saw cash-strapped people stay at home.Add your comment!
The incoming Trump administration's top trade priority is to renegotiate the Nafta trade deal with Canada and Mexico, according to commerce secretary nominee Wilbur Ross during a confirmation hearing on his nomination before US senators.12 comments
Two of the largest investment banks in the City of London have confirmed that some staff will definitely have to move abroad when the UK leaves the EU. HSBC's chief executive, Stuart Gulliver, told Bloomberg he was preparing to move 1,000 staff from London to Paris. And Axel Weber, boss of Swiss bank UBS, told BBC about 1,000 of its 5,000 London jobs could be hit by Brexit.Add your comment!
The head of the International Monetary Fund has warned the UK there is still likely to be pain ahead as Theresa May prepares to trigger the UK's departure from the European Union. Christine Lagarde told the BBC the Brexit process would be complicated.3 comments
Argentina aspires to become the back bone of an integrated Mercosur with the Pacific Alliance, said the country's Tourism minister Gustavo Santos attending the International Tourism Fair, Fitur, taking place in Spain.39 comments
By Gwynne Dyer
The main message of 2016 was that we are entering a period of economic and political upheaval comparable to the Industrial Revolution of 1780-1850, and nothing expressed that message more clearly than Donald Trump's appointment of Andrew Puzder as Secretary of Labour. Even though it's clear that neither man understands the message.
China's president Xi told the World Economic Forum in Davos on Monday that the “migrant crisis had been caused by war, conflict and regional turbulence,” not globalization. Similarly, the 2007/8 financial crisis was caused by “the excessive pursuit of profits and a lack of economic regulations,” he said.Add your comment!
Prime Minister Theresa May has said the UK “cannot possibly” remain within the European single market, as staying in it would mean “not leaving the EU at all”, but at the same time promised to push for the “greatest possible” access to the single market following Brexit.17 comments
Just eight of the richest people on earth own as much combined wealth as half the human race. The charity Oxfam does the math each year and publishes its results just in time for the World Economic Forum in Davos, Switzerland, where many of the spectacularly wealthy are often among the attendees, along with diplomats, political figures, and business and cultural leaders.40 comments
The International Monetary Fund has become more pessimistic about Latin America in the January economic outlook update. IMF is now forecasting regional GDP growth of just 1.2% in 2017, down from the 1.6% projection it made in October. It also lowered its 2018 estimate for Latin America by 0.1% to a revised projection of 2.1% expansion.Add your comment!