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US travel sector to take a beating under Trump

  Bloomberg Like many Washington lobby groups, the US Travel Association was quick to congratulate the new president on his victory last November. “We are encouraged that Mr Trump’s extensive business and hospitality background … will make him a ready and receptive ear,” the trade organization said. Upon the Republican’s inauguration, the USTA’s chief executive, Roger Dow, pledged the industry ...

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BT to pay $429mn for late network installs

  Bloomberg BT Group Plc was fined a record 42 million pounds ($53 million) and ordered to reimburse another 300 million pounds to competitors after an investigation found the former phone monopoly failed to adequately compensate them for broadband service delays. The UK communications regulator Ofcom found a “serious breach” of rules in place to protect competitors who rely on ...

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Siemens AG pledges commitment to UK despite ‘unclear’ Brexit

  Bloomberg Siemens AG says it’s going to continue to invest into its London and UK operations despite the “unclear” future following Britain’s decision to leave the European Union. Siemens UK Chief Executive Officer Juergen Maier, visiting Berlin with Rajesh Agrawal, London’s deputy mayor for business, said London specifically is an important part of the future for Europe’s largest engineering ...

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