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Metr Forecast says China on course to reach growth target for the year
Tuesday 10 December 2019 4:00 pm|Updated:Tuesday 10 December 2019 12:02 pmIndian hotel chain Oyo appoints new UK bossBy: Ann polene handtaschen a MeninShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleOyo focuses on small budget hotels image: Oyo Oyo has announced Rishabh Gupta as the new head of its operations in the UK as the fast-growing hotel Indian chain seeks to grow its offering in the country.Gupta will take over from current UK head Jeremy Sanders, who is leaving the company to spend more time with his family. Gupta previously led Oyorsquo Indonesian division.Read more: Another dog for Softbank as it sells Wag stake back to companyFounded by Ritesh Agarwal in 2013, Oyo has secured $1.7bn pound;1.3bn funding from investors including Softbankrsquo Vision Fund and Airbnb.Oyo claims to be the worldrsquo third largest hotel chain by room count, and aims to be the largest by 2023. The tech-driven chain, which focuses on small budget hotels, has built a portfolio of 200 UK hotels in the past year, with 5000 rooms across 50 towns and cities.Softbank led a $1bn funding round into Oyo in September last year, which valued the company at $5bn.The chain s stanley tumbler ecure polene bolsos d its first major international acquisition in May, purchasing Dutch property management business @Leisure for euro;369.5m.Read more: London luxury hotel market booms as weak sterling attracts touristsWe are sad to say goodby Azzi Wall Street banks lead bonus charge as European lenders set to row back on mega payouts
Sunday 21 March 2010 10:42 pmUS recovery is looking strongBy: KCS-contentShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on Googl stanley cup uk eWHATEVER the future for the global economy, the US is well positioned to recover from the recession and retain its hegemonic status, City consultancy firm Fathom will say today. In contrast the outlook for the Eurozone and the UK remain bleak. In its second quarter outlook for the G4 economies US, UK, Eurozone and Japan , the financial consultancy argues that the US has achieved the necessary adjustments to its labour market and has been unusually aggressive in shedding labour over the past 18 stanley ca months, whereas the majority of firms in the Eurozone and the UK stanley cup have been hoarding labour. As a result, productivity growth in the US is very strong, says Erik Britten, a director at Fathom. This, he says, will make American firms more competitive and any rebalancing in China towards domestic consumption should give US exporters more scope. In the forecastrsquo central case scenario, which assumes sluggish growth in the world economy, the US is predicted to grow this year by 2.9 per cent, while both the Eurozone bloc and the UK will only manage to expand by 1.2 per cent. In the upside scenario, which has a 25 per cent probability of happening, the US economy surges back to robust growth and achieves GDP growth of above 4.5 per cent both this year and next. The d |
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