UK economy hit by ‘renewed signs of stress’ as growth slows; pound at six-month low – as it happened
Rolling coverage of the latest economic and financial news
Just in: EU antitrust regulators have blocked Booking Holdings' proposed takeover of Swedish rival ETraveli Group.
The European Commission, which acts as the competition watchdog in the 27-country European Union, has ruled that the 1.63bn deal would have strengthened Booking's dominance in the market for hotel online travel agencies (OTA).
Booking is the leading hotel OTA [online travel agency] while eTraveli is one of the main providers of flight OTA services in Europe.
Booking is also active in the market for metasearch services (MSS') mainly through its price comparison platform KAYAK.
China is set to go down in history as being 2023's biggest disappointment for investors. Having started the year in everyone's good books amid expectations of a big economic rebound, the Asian superpower has failed to deliver. Economic growth has become a struggle compared to the levels it generated a decade ago and government stimulus initiatives have lacked bite," says
The property sector has been at the centre of the country's troubles and it's going from bad to worse. Evergrande is back centre stage after saying it was struggling with its debt restructuring plan following poorer-than-expected sales, causing its shares to dive and taking the Hang Seng index down for the ride.
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