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Headlines
175-Hotel Insolvency Case in Germany Highlights Growing Pressure on European Operators
Insolvency proceedings are being opened for a portfolio of 175 hotels linked to Revo, according to German industry reports, HotelNewsResource.com reported. The scale of the portfolio makes the case one of the more significant…
Canada Posts $5.7 Billion Merchandise Trade Deficit for February
Canada posted a merchandise trade deficit of $5.7 billion, its largest deficit since August last year as imports hit a record high, boosted by shipments of gold, BNN Bloomberg reported. Statistics Canada said on Thursday the…
U.K. Businesses Expect Slight Pickup in Price Rises, BOE Survey Finds
U.K. businesses polled in March expected to raise their prices at a slightly faster rate than they did prior to the conflict in the Middle East, while wage increases were seen slowing, according to a Bank of England survey…