The World Trade Organization says the recovery in global trade in services is lagging behind the trade in goods and should remain challenged as new blocking measures are put in place. The WTO says that “unlike products, services cannot be stored, which means that despite the pent-up demand, many of the lost revenue from canceled flights, holidays abroad, meals in restaurants and cultural / recreational activities are likely to be permanent “.
Biden to announce a moratorium on new US oil and gas lease
land and water, as his administration moves quickly to reverse the Trump administration’s energy and environment policies and address climate change. The move follows a 60-day suspension of new drilling licenses for U.S. land and water announced last week.
Royal Caribbean is trying to encourage reservations by extending a program that allows travelers to cancel their travels up to 48 hours before departure. Cruises can receive a 100% credit on the future cruise.