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Congress recently restored funding for the Brand USA marketing campaign for the next seven years, giving Barnes and other U.S. travel leaders hope that the U.S. can improve the numbers. Launched in 2011 by travel industry leaders, Brand USA is funded by private donations and fees charged to international visitors who register for visas to enter the U.S. … [Read more...] about The U.S. is losing big-spending foreign tourists — and Trump’s one reason why

“Our future tours remain open for booking,” the agency said. “But should this border closure affect your travel, we are giving tourists the ability to reschedule at any time or to receive a complete refund of their deposit (less bank charges) as per our terms and conditions.” … [Read more...] about Tour agencies: N Korea bans foreign tourists over new virus

Pearls Agrotech Corporation Limited (PACL), which had raised money from the public in the name of agriculture and real estate businesses, was found by market regulator SEBI to have summed up over Rs 60,000 crore via illegal collective investment schemes in 18 years. … [Read more...] about Market regulator SEBI warns investors against dealing in PACL properties

Beirut appears to be running out of road fast, said Oxford Economics’ Zouk. He calculates that Beirut will honor its upcoming debt payments while leaving capital controls in place but that it will lack new dollar inflows while having to manage a current account deficit including a 30% compression of imports and additional foreign currency leakage of $2 billion a month. … [Read more...] about Lebanon’s new government may have little reserves left to stabilize economy

People have been hit by what economists estimate is a 30% annual rise in inflation during the crisis that escalated in October. The pound has collapsed against the U.S. dollar in the parallel market and a liquidity crunch has bitten. … [Read more...] about As Lebanese struggle to make ends meet, living costs set to soar higher