BUSINESS

Online travel agency Booking.com is estimated to have a market share above 60 percent in Europe and between 70 and 90 percent in Spain

Spain Watchdog Fines Booking.com 413 Mn Euros

Spain's competition watchdog said Tuesday it had slapped online travel agency Booking.com with a record 413-million-euro fine for "abusing its dominant position" during the past five years.
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McDonald's is extending a special $5 meal package in the United States as it redoubles efforts to win back inflation-weary consumers

Profits Fall At McDonald's As It Redoubles Value Push

Fast food giant McDonald's vowed Monday to win back consumers with better value offerings after it reported a rare sales decline that the company partly attributed to an exodus of inflation-weary low-income consumers.
Bernard Arnault heads LVMH, the world's largest luxury goods company

LVMH's Publicity In Olympics Ceremony Raises Eyebrows

LVMH's high profile and highly visible product placement in the Paris Games opening ceremony surprised marketing experts and raises the possibility it could cause problems for the International Olympic Committee with their long-term sponsors.
The Paris Montparnasse train station was packed with desperate passengers after 'sabotage' attacks on the rail network paralysed services ahead of the opening of the Olympic Games

'Massive Attack' On French Rail Threatens More Chaos

French rail officials warned of travel chaos for hundreds of thousands of people throughout the weekend after saboteurs following a meticulous plan paralysed much of the train network Friday as the Olympic Games started.

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