State Wants Its Share Of The Sharing Economy
Elderly as I am, I try not to be too put off by new things, but this “sharing economy” has not captured my imagination. The most well-known players seem to be Uber and Airbnb. Uber kind of lets anybody be a taxi driver and Airbnb lets you turn your …
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Rate rise belies frailties in US economy
The (perhaps perverse) logic goes something like this: since the Fed is raising interest rates, the economy must be gaining momentum. Never mind that virtually every analyst is simultaneously downgrading the prospects for fourth-quarter growth to an …
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China's BTG Hotels to acquire economy hotel chain Homeinns for .7 bln
China's hotel industry is consolidating amid fierce competition and a slowing economy. Homeinns, which owns 2,787 outlets under five brands, posted a 57 percent drop in net profit in the first nine months of the year. BTG Hotels said it will fund the …
Read more on Reuters