Of europes leading travel groups, who tells us what impact Climate Change is having on his industry, and the head of the worlds most influential airline body tells us how his members are tackling the challenges as they continue to recover from billions in covid losses. Also on the show, the man in charge of travel at one of the worlds biggest insurers. He tells us Climate Change is causing more of us to think about where we go and why its a top priority for his industry. Wherever yourejoining me from Around The World, once again, a big hello and a warm welcome to the show. You know, wildfires and extreme heat, they are posing major challenges across the globe, from spain and portugal to croatia and greece and from seattle to florida. They are a sign of how our climate is changing. And the economic consequences are potentially huge, not least for the travel and Tourism Industry, which of course plays a vital role in our Global Economy. Many destinations are facing major disruptionjust a
Michelle fleury has more. Americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. But with high inflation in the us, a cup of coffee is now 5 on average. The big question for investors going into this Earnings Season was would consumers still spend money on elaborate coffees . The answer was mixed. Sales in North America grew 7 , even after the chain raised prices. That figure was below wall streets forecast. Customer traffic only increased by 1 . Most of the gains came from existing customers spending more money. Sales in china, its second biggest market, rose sharply. Same store sales increased a whopping 46 from a year ago. Starbucks remains a favorite brand among chinese consumers. The company benefiting from a rebound after strict covid 19 restrictions were lifted. But the coffee chain said that Wage Increases and investment in its cafes dragged down its overall profits. Starbucks ceo laxman narasimhan, who took over from predecessor
What impact Climate Change is having on his industry, and the head of the worlds most influential airline body tells us how his members are tackling the challenges as they continue to recover from billions in covid losses. Also on the show, the man in charge of travel at one of the worlds biggest insurers. He tells us Climate Change is causing more of us to think about where we go and why its a top priority for his industry. Wherever yourejoining me from Around The World, once again, a big hello and a warm welcome to the show. You know, wildfires and extreme heat, they are posing major challenges across the globe, from spain and portugal to croatia and greece and from seattle to florida. They are a sign of how our climate is changing. And the economic consequences are potentially huge, not least for the travel and Tourism Industry, which of course plays a vital role in our Global Economy. Many destinations are facing major disruption just as the Northern Hemisphere s peak Summer Season
Americans love of lattes and iced coffee helped starbucks through the worst of the post pandemic years. But with high inflation in the us, a cup of coffee is now 5 on average. The big question for investors going into this Earnings Season was would consumers still spend money on elaborate coffees . The answer was mixed. Sales in North America grew 7 , even after the chain raised prices. That figure was below wall streets forecast. Customer traffic only increased by 1 . Most of the gains came from existing customers spending more money. Sales in china, its second biggest market, rose sharply. Same store sales increased a whopping 46 from a year ago. Starbucks remains a favorite brand among chinese consumers. The company benefiting from a rebound after strict covid 19 restrictions were lifted. But the coffee chain said that Wage Increases and investment in its cafes dragged down its overall profits. Starbucks ceo laxman narasimhan, who took over from predecessor Howard Schultz in march,
fights to prevent its collapse. ministers are drawing up contingency plans while the supplier looks to secure extra funding amid debts running into billions of pounds. celia hatton has more. the future of the uk s biggest water company is far from watertight. but the government is reassuring thames water s 15 million customers they won t lose access to water as work continues behind the scenes to try to rescue it from collapse. thames water is £14 billion in debt and in crisis mode after the surprise resignation of its ceo on tuesday. no clear reason has been given for sarah bentley s departure. ministers are considering a plan to bring the utility giant temporarily under public ownership if it can t sort out its debts. we need to make sure that thames water as an entity survives. there s a lot of work that the government is trying to do on resolving sewage. certainly, up until now, the regulator has been focused on keeping consumer bills down, but there s a lot of infrastru