Bloomberg The recovery of global business-travel spending to the pre-pandemic level of $1.4 trillion has been pushed out 18 months to mid-2026 by inflation, economic slowing and high energy prices, the Global Business Travel Association is forecasting. The return to the 2019 level also is being slowed by supply-chain disruptions, labour shortages, lockdowns in China and the effects of ...

  Bloomberg Paramount Global reached a deal with Walmart Inc to offer its streaming service to subscribers of the retail giant’s membership program. Under the agreement, Walmart+ members will have access to the Paramount+ Essential plan, an ad-supported version of the streaming service, at no additional cost, according to a statement. The offering may bolster Walmart’s appeal as it tries ...

Bloomberg The top American naval commander in Asia criticized what he said were unsafe and provocative actions by Chinese warplanes, reiterating US complaints about behavior that officials argue could prompt a clash. Vice Admiral Karl Thomas, commander of the US Navy’s Japan-based Seventh Fleet, expressed concern Tuesday about increasingly assertive efforts by the People’s Liberation Army to intercept US and ...

  Bloomberg The US and its two top Asian allies announced they had conducted a joint missile defense exercise off Hawaii, raising the profile of exercises that show their willingness to work together in the face of threats posed by North Korea and China. The anti-missile drill took place Aug. 8-14 at the same time as the multinational Pacific Dragon ...

Bloomberg Former Kenyan Prime Minister Raila Odinga, who lost the August 9 presidential elections by a tiny margin, rejected the outcome of the vote and vowed to take constitutional steps to challenge it. Odinga, 77, who was making his fifth run at the presidency and secured 48.9% of the vote to Deputy President William Ruto’s 50.5%, said the head of ...

  Bloomberg Estonian authorities removed a Soviet-era monuments including a T-34 tank after Prime Minister Kaja Kallas said Russia was using them to foment hostility in the Baltic country. Kallas said Tuesday that Soviet monuments had been brought back into the public eye as a reminder of Russian aggression that “opened up old wounds” after the invasion of Ukraine. The ...

  Bloomberg A gauge of New York state manufacturing activity plunged by the second-most in data back to 2001, with sharp declines in orders and shipments that indicate an abrupt downturn in demand. The Federal Reserve Bank of New York’s August general business conditions index slumped more than 42 points to minus 31.3, with the drop just behind that seen ...

  Bloomberg Tens of millions of pounds worth of fresh produce is being left to rot in UK fields because farmers can’t attract enough workers to pick crops, just as the cost-of-living crisis worsens. About 22 million pounds ($27 million) of fruit and vegetables were wasted in the first half of the year due to labour shortages, according to a ...

  Bloomberg Denmark’s economy grew faster than expected in the second quarter as a strong labour market helped the Nordic country avoid a recession. Gross domestic product probably expanded 0.7% from the first three months of the year, according to an indicator published by Statistics Denmark. GDP contracted 0.5% in the first quarter of 2022. The data paints a better ...

  Bloomberg Trade between Ireland and both Northern Ireland and the rest of the UK continued to increase in the first half of 2022, despite an ongoing row over checks on goods as a result of the UK’s Brexit departure from the EU. Imports to Ireland from Great Britain from January to June grew 54% from the same period a ...