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Hotel RevPAR growth decelerates to lowest since Q4 2015 - Occupancy levels at U.S. hotels have begun to stabilize after reaching peak levels in 2015, according to Hospitality Directions, the lodging forecast released by PwC U.S. Coming off the heels of a lackluster performance for the U.S. lodging sector in Q4 2015, average daily rate (ADR) growth in the first quarter was the lowest since Q4 2013...
Occupancy levels at U.S. hotels have begun to stabilize after reaching peak levels in 2015, according to Hospitality Directions, the lodging forecast released by PwC U.S....
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AfDB to give $1.1 million for agriculture in Madagascar - The African Development Bank (AfDB) and Madagascar signed a $1.1-million loan to support preparation of the country’s youth agricultural entrepreneurship programme. The “Enable Youth Programme” targets university graduates, and aims to offer them decent, well-paying jobs. It will also enhance food security in the country. Signing for the agreement ...
The African Development Bank (AfDB) and Madagascar signed a $1.1-million loan to support preparation of the country’s youth agricultural entrepreneurship programme....
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Algeria’s trade deficit continues to widen - Algeria’s trade deficit continues to widen. In the first four months of this year, it stood at $7.632 billion, up 35.7% from January-April 2015. Thi is according to the Algerian National Office of Statistics (CNIS). In Jan-Apr, Algeria exported $7.545 billion worth of goods, down 38.4% from a year ago. Imports also dropped, albeit less sharply...
Algeria’s trade deficit continues to widen. In the first four months of this year, it stood at $7.632 billion, up 35.7% from January-April 2015....
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Varian Medical Systems to spin off Imaging Components - Varian Medical Systems plans to spin off its Imaging Components business as a new, stand-alone public company. The transaction will be via a tax-free distribution to Varian stockholders, anticipated to be completed by the end of calendar year 2016. "The spin-off will create two strong, independent companies," said Dow Wilson, CEO of Varian Medical...
Varian Medical Systems plans to spin off its Imaging Components business as a new, stand-alone public company....
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£21 million for transport in 'Green Britain' - Councils across the UK have won nearly £21 million of funding from the government to promote green forms of transport. The funding is being given out for 23 sustainable travel initiatives across England that boost local economies by supporting people’s ambitions - offering cheap, clean and healthy travel options to access jobs and ed...
Councils across the UK have won nearly £21 million of funding from the government to promote green forms of transport....
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$27 billion, 5-year MTA New York capital program approved - Governor Andrew M. Cuomo announced that the $27 billion 2015-19 MTA Capital Program has received final approval from the Capital Plan Review Board. The passage of this Capital Program marks the largest investment in MTA infrastructure in state history, and outlines five years’ worth of vital investments to renew, enhance and expand the MTA network. “Th...
Governor Andrew M. Cuomo announced that the $27 billion 2015-19 MTA Capital Program has received final approval from the Capital Plan Review Board....
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Sony expects losses to widen as iPhone sales drag - Sluggish sales of Apple iPhones are starting to hit Sony’s bottom line, with the electronics company warning that it expects the business that makes components for smartphones to post a wider operating loss. The warning puts into question Sony’s growth plan centered around its image sensors and camera modules that go into smartphones, a business that the tech...
Sluggish sales of Apple iPhones are starting to hit Sony’s bottom line, with the electronics company warning that it expects the business that makes components for smartphones to post a wider operating loss....
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Denmark keen on trade cooperation with Iran - Danish Ambassador to Tehran Danny Annan said his country is willing to develop trade exchange with Iran. At an economic meeting in this northeastern Iranian province, Annan said Denmark enjoys the 80-year-old diplomatic relations with Iran and the country did not cut those ties in sanctions era. Anti-Iran sanctions were lifted on Januar...
Danish Ambassador to Tehran Danny Annan said his country is willing to develop trade exchange with Iran....
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Angola resumes banana exports after 42 years - On Sunday May 22, an Italian ship, the “Santa Francesca” left the port of Lobito, a town in Angola, with a cargo of 17 tons of bananas headed for Portugal. This was the first shipment of Angolan bananas headed to Europe in 42 years, Angolan national radio (RNA) reported. The head of the Fazenda Agro-Industrial Bacilin in Cu...
On Sunday May 22, an Italian ship, the “Santa Francesca” left the port of Lobito, a town in Angola, with a cargo of 17 tons of bananas headed for Portugal....
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DSW Q1 net income $30 million, $0.36 per share - DSW announced financial results for the first quart erended April 30, 2016. Reported net income was $30 million, or $0.36 per diluted share. This is including pre-tax charges of $4.5 million or $0.04 per share from purchase accounting, transaction costs and fair market value accounting charges resulting from the acquisition of Ebuys. Adjusted net income was...
DSW announced financial results for the first quart erended April 30, 2016. Reported net income was $30 million, or $0.36 per diluted share....
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U.K. outstanding property debt rises for first time since 2008
A rise in U.K. commercial real-estate lending last year has pushed the total amount of outstanding property debt higher for the first time since 2008....
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Ballast Point Brewing and Spirits to invest $47.8m in Virginia
Ballast Point Brewing and Spirits will invest $47.8 million to establish an East Coast brewing operation in Botetourt County, Virginia....
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