Oregon leverages coastal adventures and diverse landscapes to expand its tourism market
Oregon's tourism strategy focuses on year-round visitation, sustainability, and regenerative travel, aiming to optimize economic impact while preserving natural beauty and cultural heritage, Travel Oregon CEO Todd Davidson tells TRENDS in an interview.
Sri Lanka inflation hit seventh consecutive record high in April
Hammered by a foreign exchange crisis, the country's 22 million people have been enduring acute shortages of essentials.More than 100 million people forcibly displaced: UN
Russia's war in Ukraine has pushed the number of forcibly displaced people around the world above 100 million for the first time ever, the United Nations said Monday. The "alarming" figure must shake the world into ending the conflicts forcing record numbers to flee their own homes, the UNHCR said...Australia’s incumbent government loses elections after decade
Australia's Prime Minister Scott Morrison conceded election defeat Saturday, hours after voters issued a stinging rebuke of his party's inaction on climate change. The balance of power could yet rest with a string of climate-focused independent candidates who routed Morrison's Liberals in a string of once-safe conservative urban seats.Jewish pilgrims back in Tunisia after Covid absence
Djerba is home to one of the last Jewish communities in the Arab world, and the synagogue is believed to date to the sixth century BC.Experts set strategies for ‘The Great Business Reset’
Officials, top executives and experts at the TOP CEO Conference in Dubai brainstorm on ways to stabilise economies and secure health through policy reforms and latest technologies.Morocco, Spain reopen borders after two-year closure
The gates opened shortly after 11:00 pm local time (2200 GMT) on Monday night, letting dozens of cars and queues of pedestrians pass in both directions.Ryanair cuts annual net loss to $369 million
Ryanair expects cost increases as a result of surging oil prices fueled by the war, it hopes "to return to reasonable profitability" in its current financial year.Workplace diversity is both cultural & business issue
One of the biggest challenges for women in the GCC is the lack of possibilities in the workplace, Novonda founder Jean-Pierre Calvez tells TRENDS.GCC firms should focus on digital change: QIB chief
Bassel Gamal, the Group CEO of Qatar's second-largest bank, tells TRENDS that leaders should empower their employees to make decisions.Emirate attracts expats and HNWIs alike
World-class infrastructure, successful pandemic response and visa and labor reforms have made the city an ideal destination for expats. Also, the UAE’s stable economy persuades foreigners to make Dubai their second home.Emirates posts $1.1 billion annual loss despite $954million capital injection
Losses came in at 3.9 billion dirhams ($1.1 billion) in the 2021-2022 financial year to March, with revenues up 91 percent, as the airline expanded its global capacity and reinstated flights, Emirates said in a statement.Tourism recovering, but not back to pre-pandemic levels
Global tourism is roaring back to life despite Covid travel headaches and the effects of the war in Ukraine, but it has yet to return to its pre-pandemic health. International tourist arrivals worldwide have more than doubled, up 130 percent in January 2022 on the same period last year, according...Syrian refugees in Turkey: Political tool in crisis times
With the lira's value tumbles to historic lows and annual inflation runs at nearly 70 percent, the refugee question regularly pops up in political debates in Turkey.Air Arabia Q1 profit at $79.24m
The profits were up 756% compared to $9.26 million in 2021.US nears 1m Covid dead, as New York seeks to move on
America recorded its first coronavirus death, on the West Coast, in early February 2020. By the next month, the virus was ravaging New York and the White House was predicting up to 240,000 deaths nationwide. But those projections were way off.Creative sector woos global investors to Gulf region
The regional economies in the creative sector are growing at a faster rate than inflation, says Michael Garin, General Director of Abu Dhabi Creative Authority.Emirates shares could be placed for IPO, says chairman
The flagship carrier’s chairman, Ahmed Al Maktoum was reported to have announced plans by Emirates to repay 15 billion dirhams ($4.1 billion) in pandemic-related support to the Dubai governmentToyota posts record net profit
The growth was helped by strong sales and a cheaper yen.Nintendo profits rise as demand booms
The rise is also attributed to the popularity of the Switch.Canadian offices going to the dogs
In a survey, 18 percent of those aged 18 to 24 years said they would change jobs if their employer refused to allow them to bring their pet to work.China’s April exports slump to lowest in two years as virus bites
"Lockdowns in large cities like Shanghai and rising input costs are major reasons" behind the underwhelming trade figures, analyst Zhaopeng Xing of ANZ Research said.UAE’s Covid-19 response gets global plaudits
Earlier this year, the UAE rose to the top of Bloomberg’s Covid Resilience Ranking, outperforming European countries in terms of containing the spread of the pandemicInflation, geopolitics take toll on GCC businesses
Inflation spawns numerous hurdles as GCC business leaders struggle to find a way to surmount the difficulties aggravated by geopolitical events.Jordan sees increased food demand in Ramadan
Medium- and low-income Jordanian families spend 45 per cent of their income on food, and are the most impacted group by high pricesWHO claims 13-16 million people died due to Covid in 2020-21
The WHO declared Covid an international public health emergency on January 30, 2020, after cases of the new coronavirus spread beyond China.Lufthansa cuts Q1 losses
German carrier set its sights on a record summer for traffic.Technology helps GCC health insurance get stronger
All this can be achieved by integrating automation, providing transparency, customizing services whenever required. Also, insurers are moving towards segmentations on the back of digitization and data that enables this transition from generic fit for all plans to more meaningful and tailored plans for the policyholders, he adds.TOP CEO to discuss post-Covid GCC business scene
CEOs and market veterans from the region will review how the pandemic, which accelerated digital transformation, has given a competitive edge to innovative businesses.Record Airbnb bookings in Q1
The firm says results signal travel rebound.China factory activity dips to lowest in two years: official data
The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity, came in at 47.4 in April.Apple Q2 profits rise 5.8%
However, it warned of a $4-8bn hit from Covid and supply chain woes.Tunisia must address democracy concerns for aid, says US
“At the very least,’ Tunisia needs to go ahead with parliamentary elections promised by the end of the year, a top US diplomat has said.UAE startup faces mental-health struggles head on
Having struggled to deal with the loss of a loved one and postpartum depression, Hammad and Takalam co-founder Inas Abu Shashieh acknowledge that embracing one’s own vulnerabilities is often the first step towards improving mental health.HSBC Q1 pretax profits down 30%
Higher-than-expected credit losses and inflation are to blame.China expands mass testing as lockdown fears grow
Under its zero-Covid policy, China has used strict lockdowns, mass testing and severe travel restrictions to stamp out infections. But authorities are increasingly struggling with the impact of these protocols on the economy and business morale, especially when outbreaks appear in the country's most important cities.Protests, pension, pandemic mark Macron presidency
Emmanuel Macron, who had never held elected office before becoming president in 2017, has weathered several crises throughout his presidential tenure.China economy grows 4.8% in first quarter as virus bites
The world's second-biggest economy was already losing steam in the latter half of last year with a property slump and regulatory crackdowns.IMF says Ukraine war slowing economic growth worldwide
The war in Ukraine has undercut the global recovery, slowing expected economic growth in most countries in the world, IMF Managing Director Kristalina Georgieva said Thursday. Families already were struggling with higher energy and food prices and "the war has made this much worse."Pfizer plans new Covid jab
It has said a shot for multiple variants is coming by 2022-end.Ferries resume between Morocco and Spain
A Spanish ferry docked in Morocco's Tangiers port Tuesday for the first time in two years, after a pandemic and a diplomatic crisis had left thousands stranded across the Mediterranean. "It's a great day. We're very happy to come back to the country after two years away," said passenger Hamid...World Bank warns of bleak economic outlook for Ukraine, region
The conflict also has caused prices of grains and energy to soar.Pandemic ‘far from over’, but ‘let’s end it together’, says UN chief
The UN chief said countries need to fulfil and accelerate dose-sharing and donation commitments in order to reach the billions who have so far not received vaccine shots.Saudi Arabia to allow one million hajj pilgrims this year: statement
Saudi Arabia said Saturday it will permit one million Muslims from inside and outside the country to participate in this year's hajj, a sharp uptick after pandemic restrictions forced two years of drastically pared-down pilgrimages. The hajj ministry "has authorised one million pilgrims, both foreign and domestic, to perform the...Shanghai lockdown snarls world’s busiest port and China supply chains
Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and slow new projects, while those still operating are struggling with a shortage of truck drivers on top of onerous permit and Covid testing requirements.Shell to lose $5 bn
Nations and their companies have axed business ties with Russia over Ukraine.Abu Dhabi non-oil GDP grows by 4.1 percent in 2021: Statistics Centre
Abu Dhabi’s non-oil GDP at constant prices grew by 4.1 percent in 2021, according to Statistics Centre-Abu Dhabi. The emirate’s GDP at constant prices grew by 1.9 percent in 2021 compared to the previous year, SCAD said, adding both oil and non-oil sectors witnessed growth. In 2020, a significant decline...ADQ of Abu Dhabi to buy majority stake in Unifrutti Group
ADQ, Abu Dhabi wealth fund, will buy a majority stake in Unifrutti Group, a fruit and vegetable producer, marketer, and distributor.GCC banks record 40% spike in profits to $35bn in 2021
The Gulf Cooperation Council’s banking sector profits recorded a 40 percent surge to hit $35 billion in 2021, a report by investment company Kamco said.FIFA heads for $7 billion revenues on the back of Qatar World Cup
FIFA is on target to reap record revenues of seven billion dollars on the back of this year's Qatar World Cup, president Gianni Infantino said Thursday as experts predicted a long-term financial boom for football. Infantino told the annual congress of the sport's world governing body that FIFA's finances were...Political will, pandemic weigh on two weeks of talks to save nature
The world is facing catastrophic declines in animals and plants that pose a twin threat to life on Earth with the interrelated menace of climate change.