Telefonica Sells Private Jets, Becomes Less Mobile

Telefonica SA, the Spanish phone company whose net debt is bigger than its market value, plans to reduce its fleet of private jets as part of an effort to cut costs, two people familiar with the matter said.

AccorHotels CEO: The Hotel Business Is Not for Amateurs
19:03 - AccorHotels Chairman and CEO Sebastien Bazin talks about the state of the hotel business and how he got started in it. (Source: Bloomberg)
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