Brexit hurts London hotel trade, says Hilton CEO

Bloomberg Brexit is beginning to weigh on London’s hotel market, according to Hilton Worldwide Holdings Inc., the second-biggest company in the global industry by rooms. “Now that negotiations are going on, and it’s becoming more real—at least in London—it does feel like there’s a little bit of trepidation,” Christopher Nassetta, chief executive officer of Hilton, said in an interview in ...

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VisitBritain, tajawal partner to promote UK tourism

DUBAI / Emirates Business VisitBritain, the national tourism board for Britain, has partnered with Middle Eastern online travel platform tajawal on a joint marketing campaign targeting customers in the United Arab Emirates, Saudi Arabia and Kuwait market. The marketing campaign will feature a video series and is part of VisitBritain’s global campaign, “I Travel For…” which launched earlier this month, ...

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N Korea open to denuclearise if regime safety guaranteed

Bloomberg North Korea is willing to give up its nuclear weapons if the safety of Kim Jong Un’s regime is guaranteed, South Korea said, boosting pressure on the US to agree to peace talks. Kim will meet South Korean President Moon Jae-in for a summit along their shared border at the end of April, the statement said, adding that North ...

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Former Trump aide says he’ll ignore Mueller’s subpoena

Bloomberg Longtime Donald Trump associate Sam Nunberg said he doesn’t plan to cooperate with a subpoena from Special Counsel Robert Mueller requesting he appear before a grand jury investigating Russian interference in the 2016 elections. “They want me in there for grand jury on Friday. I’m not paying the money to go down there,” Nunberg said in an interview with ...

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Sri Lanka declares emergency over Buddhist-Muslims clash

Bloomberg Sri Lanka has declared a state of emergency for 10 days to rein in the spread of communal violence, a government spokesman said on Tuesday, a day after Buddhists and Muslims clashed in the Indian Ocean island’s central district of Kandy. Tension has been growing between the two communities in Sri Lanka over the past year, with some hard-line ...

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Buhari grapples with crises as vote looms

Bloomberg Extremist attacks, gasoline shortages, worsening violence over grazing land, simmering unrest in the southeast — the crises keep mounting for Nigerian President Muhammadu Buhari less than a year before general elections. The most recent setback came on March 1 when suspected Boko Haram militants killed three United Nations aid workers and eight soldiers in an attack in the northeastern ...

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Zuma’s exit sparks shifting political alliances in S Africa

Bloomberg Jacob Zuma’s forced resignation as South Africa’s president did more than revive confidence in the ruling African National Congress. It’s deepened divisions between the two main opposition parties, threatening their control of the nation’s key cities. Together with the ANC’s shift to support expropriation of land without compensation, Zuma’s replacement by Cyril Ramaphosa has thawed its relations with the ...

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Sierra Leone to vote amid discontent over Ebola, iron ore

Bloomberg Sierra Leone will hold elections on Wednesday in which an unprecedented number of political parties will compete as discontent over the government’s handling of an economy battered by the Ebola outbreak has soared. The vote marks a departure from a decades-old tradition that mainly divided the balance of power between the All People’s Congress and the opposition Sierra Leone ...

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Would President Trump rejoin TPP? Let’s hope so

During the 2016 presidential primaries, I found myself in a San Francisco park talking to guy who was eager to convince people not to support the Trans-Pacific Partnership (TPP), a proposed trade agreement among the US and other mostly advanced economies. For all his sincerity —his backpack was adorned with anti-TPP and Bernie Sanders pins —his rationale was vague, driven ...

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What to expect from BOJ, ECB this week

The Bank of Japan (BOJ) and the European Central Bank (ECB) will refrain from any major changes when their policy-making committees meet later this week, even though both economies have recently been experiencing their strongest growth in more than a decade. For now, inflation (that is deemed too low) and currencies (that are deemed too strong) will dominate the decision-making ...

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