This week’s decision by the Arctic Council, led by the eight nations with Arctic territory, to accept China, India, Japan and three other countries as new observers points to the region’s growing importance. It’s also a sharp reminder of the need for the U.S., the council’s biggest player, to do more to prevent a destabilizing Great Game from unfolding at the top of the world.
TUI AG said it plans to generate 1 billion euros ($1.3 billion) in operating profit by 2015 and resume its dividend as new Chief Executive Officer Friedrich Joussen overhauls Europe’s largest tour operator.
A new strain of a vomiting bug first found in Australia has killed nursing home residents from California to Japan, spoiled luxury cruises and may have sickened more than 1 million Britons so far in its global sweep.
Echo Entertainment Group Ltd.’s two largest casinos will be put at risk if a resort that billionaire James Packer wants to build in Sydney and another in Australia’s Gold Coast go ahead, the company said.
As I talk to Anna Somers Cocks on a terrace overlooking a trio of 16th-century churches by Andrea Palladio, a cruise ship the size of a New York City block floats surreally through the Giudecca Canal right in front of us.