Multinational Index: Groupe Casino is revenue growth king

French retailer Groupe Casino tops Latin Trade’s third-quarter Multinational Index by growth. Casino’s revenues reached $5.5 billion in the period, up 18 percent from the third-quarter last year. In November this year, Casino announced its decision to dispose of its Brazil-based furniture and electronics retail unit Via Varejo. The plan is to focus on its food business through its hypermarkets and supermarkets.   On second place, with a 10 percent growth in revenues is U.S.-based industrial gases company Praxair. In late November, Praxair revived its interest in merging with Germany’s Linde, a move backed by Linde’s supervisory board Chairman Wolfgang Reitzle. On the other side of the ranking, with a 44 percent plummet in revenue is U.S. oil field services […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]