And events costs are set to climb higher through the remainder of 2023 and into 2024, due to inflationary pressures. Joining me now is suzanne neufang, whos the ceo of the Global Business travel association. Welcome, good morning. Is this a surprise . Its been awhile since pandemic now. I a surprise . Its been awhile since pandemic now. A surprise . Its been awhile since pandemic now. I wish it were. Since pandemic now. I wish it were but since pandemic now. I wish it were. But in since pandemic now. I wish it were. But in shortterm since pandemic now. I wish it were. But in shortterm memory, were. But in short term memory, just a year ago we were still really from omicron variant s. So we did expect last year that it would be a slower recovery so we were delighted at this time time last a great deal of this you will show another 32 . We added last year at about a trillion us dollars and we should get about 1. 4 trillion as you say by the end of 2024. Are there any areas in particular
The International Energy agency has revealed that lng now makes up 35 of europes energy supplies, not far off the 40 contribution that russia made before it was sanctioned over ukraine. Joining me now is ben mcwilliams, whos an Affiliate Fellow at bruegel. Thank you very much for being with us today. What are your concerns about where gas prices could go if these workers do indeed strike . This is certainly a concern, but to be clear up front, nothing comparable to last year. The position we are in is that, as you mentioned, as russian Pipeline Supplies have been cut over the last 12 months, the eu and uk have become more dependent on liquefied national gas. Natural gas. Australia typically supplies asia. If it were cut to asian consumers, we would see asian consumers turning around and looking to qatar and competing with european buyers there, which would in turn have some Knock On Effect on prices. As it had last week, 40 increase from around 30 to 36 euros just nothing like close to
Biggest challenges facing chinas economy. A huge crisis when it comes to confidence as a result of the property crisis. Trying to get people out spending again. They said for example that china would surge ahead towards a great future and the question is that 5 target, there was not a lot of specific about how theyre going to achieve this. He also lauded the past achievements, talking about science, technology and Artificial Intelligence as well as the airline. ~. ,. , intelligence as well as the airline. , airline. What was beyond the economy . Airline. What was beyond the economy . The airline. What was beyond the economy . The birthrate airline. What was beyond the economy . The birthrate was| airline. What was beyond the i economy . The birthrate was an interesting economy . The birthrate was an interesting element. Economy . The birthrate was an interesting element. China economy . The birthrate was an interesting element. China is i interesting element. China is facing a demograp
Wyrie davies has more. One positive note from cairo is that they have gone into a second day with delegation from hamas, egypt, qatar, and The Americans talking about the stability of a six or seven week ceasefire in gaza. But israel decided not to send a delegation. Israels says the preconditions it insisted upon that hamas should provide a list of the hostages who remain alive, and those who might be exchanged in a prisoner swap, or hostage swap, with the palestinians, that wasnt forthcoming. So israel has decided not to send a delegation to cairo. That has been criticised in many parts of the israeli media, and the israeli public, as an unsustainable position. That isnt to say that had israel gone to cairo, there would be an automatic ceasefire there would be others stumbling blocks. Hamas wants the withdrawal of israeli troops from Populated Areas of gaza and the citizens of gaza to be allowed to return to their home areas in northern gaza. And those are significant issues that isr
Alarm bells are ringing about the outlook for china, but officials remain confident this is a short term blip. Only last month, the chinese premier, li qiang, said his country was still on track to reach its annual Growth Target of around 5 , a modest target after china grewjust 3 last year, one of the weakest showings in nearly half a century. Lets talk through whats at stake with jane foley, head of fx strategy at rabobank. Iam hoping i am hoping she is there. Good morning to you. I am hoping she is there. Good morning to you. Good morning. A fourth month morning to you. Good morning. A fourth month in morning to you. Good morning. A fourth month in a morning to you. Good morning. A fourth month in a row morning to you. Good morning. A fourth month in a row of fourth month in a row of contraction although it is slightly improved from last month, hasnt it . It slightly improved from last month, hasnt it . Month, hasnt it . It has slightly month, hasnt it . It has slightly been month,