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Reuters: TUI Travel, Europe’s biggest tour operator, is on track to meet full-year profit expectations due to strong late summer bookings although it has yet to see a revival in demand for holidays in Egypt and Tunisia, its CEO said. “We are anticipating a slow recovery in trading to Egypt and Tunisia and have managed ...
With the World Bank announcing that the world economy is teetering on “a new danger zone,” it is of paramount importance for governments and financial power-houses to restore confidence through concrete policies and systematic financial planning. This is the order of the day, given the recent pessimistic report on the world economy delivered by Morgan ...
Since 1948, we have been planning for economic prosperity, but six decades have gone by without a semblance of anything to claim as our own. India has superseded all Asian countries and has reached a pinnacle of an economic power and it has even more potential to be a super power. It would be of ...
The Asian Development Bank (ADB) has cut its 2011 and 2012 growth forecasts for developing Asia amid ongoing worries about weak external demand from its key trading partners. In its Asian Development Outlook Update 2011, released yesterday, ADB trimmed its full year forecast to 7.5% from 7.8% seen in April. The 2012 projection is also ...
‘Remember your humanity’ is a phrase that was made famous by the Russel Einstein manifesto issued on 9 July 1955. This document is considered as the final major document that Albert Einstein signed before his death in 1955 and is quite a famous statement. The whole idea of issuing this statement has been to indicate ...
Royal Jordanian (RJ), the national airline of Jordan, logged a record 373,000 passengers aboard its aircraft in July, marking a 13.3 per cent rise over the same month last year and resulting in net profit reaching JD5 million ($7 million). RJ President and CEO Hussein Dabbas said that the passenger number is the highest registered ...
A MEETING organised by the ESCAP Secretariat for representatives of Asia and Pacific countries was held recently to discuss opportunities and challenges faced by the region in the light of current global trade and investment developments which have thrust the region to the forefront as a global leader in trade and investment. The recommendations made ...