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The US is targeting Cuba with additional sanctions, including restricting travel to the island nation, limiting remittances, and sanctioning additional entities, White House national security adviser John Bolton said.
US citizens sending remittances to Cuba will be limited t $1,000 per person per quarter, Bolton said on Wednesday. Non-family travel will be restricted to reduce “veiled tourism” that benefits the Cuban government and military, he added.
“Through the Treasury Department, we will also implement changes to end the use of ‘U-turn transactions,’ which allow the regime to circumvent sanctions and obtain access to hard currency and the US banking system,” Bolton said in a speech to veterans of the 1961 Bay of Pigs invasion, when Cuban exiles tried to overthrow Fidel Castro’s regime.
The move comes a day after the White House announced it would stop issuing waivers on implementing the Helms-Burton law, which would penalize anyone in the world who did business with Cuban entities using property seized from US owners following the 1959 Cuban revolution.
Treasury has not officially announced the new sanctions, but Bolton said five entities will be added to the Cuban blacklist, including the military-owned airline Aerogaviota.
The US cut diplomatic ties with Cuba in 1961, and over the following decades imposed a wide range of sanctions on the island nation, just 90 miles south of Florida. Former president Barack Obama sought to soften the US policy in 2015, leading to the reopening of the US and Cuban embassies and loosening of travel restrictions.
In June 2017, however, Trump rolled back all of Obama’s changes, returning to a hardline policy on Cuba. Additional sanctions were introduced this year, as Trump administration has accused Cuba of and its military of occupying Venezuela and helping Nicolas Maduro’s regime to stay in power.
The World Travel and Tourism Council just finished their annual summit 2019 in the Spanish City of Seville.
A record number of delegates listened to presentations from top leaders in the largest industry in the world. All of this was live streamed except for the conversation everyone had waited for with former US President Barak Obama. Perhaps the $4,000.00 price tag for non-members required the organizer to shield the former president from public listeners.
eTN reached out to about 100 of the CEO’s, delegates and ministers that attended the 2-day event last week and everyone said the networking opportunities at WTTC summits to have top people meet with other top people is the real value here. Some delegates only attended the opening and the Obama session and met in the hallways, at side venues with business partners, fellow ministers.
Big business is done this way. It starts often with an exchange of ideas and can trickle down to billion-dollar transactions.
This is the place a CEO can have a cup of coffee with a fellow CEO from a competing company.
U.S. President Barak Obama was the most expected speaker at the ongoing World Travel and Tourism Council (WTTC) summit in Seville today.
More than 1500 CEOs, association presidents, ministers of tourism, and heads of state were attending the summit, and hundreds of viewers from around the world were watching the live video stream of the summit, also announced by this publication. Many who saw the eTN announcement in Hawaii were up at 2:00 am in the morning to listen in.
A loyal group of fans of the former president was in for a big disappointment when without prior warning the video live stream was stopped during the president’s address.
The feedback eTN received from people in the audience listening to Obama’s conversation was not really great. The money spent by WTTC to get some advice from the most popular head of state was disappointing.
There was no substance in the presidents’ talk was some feedback. His talk about his love for hiking when he was young was not relevant to the needs top executives were hoping to hear.
The challenges, needs of the second largest industry was not mentioned. There was no word about equality and dangers LGBT tourists face in countries like Brunei.
Mr. Obama talked about the advice he gave to his daughters: “Be kind, be useful.”
After the microphones and cameras were turned on again moderator Nick Ross praised Obama as the most popular president in generations, saying “lack of power reveals.”
President Obama arrived in Seville at midnight before the event and spent the night at Hotel Alfonso XIII, drawing attention from local residents and the press. In 2016, a scheduled visit by Obama to the Andalusian capital was canceled due to a shooting in Dallas.
He visited Reales Alcázares, a UNESCO World Heritage Site in the morning before returning to his hotel.
He left again at 2 pm for Palacio de Exposiciones y Congresos, which is hosting the international event on April 3 and 4.
After meeting privately with around 50 summit attendees, Obama delivered his short address to WTTC delegates.
After his speech, Obama was scheduled to meet with Spanish Prime Minister Pedro Sánchez for around 20 minutes inside one of the center’s private rooms. It will be their second one-on-one after their meeting last year in Madrid.
Although this is Obama’s first trip to Seville, he has ties to the city because his daughter Malia lived there for a few months.
U.S. President Barak Obama is on a tourism trip. Today he is expected to be the star participant at the World Travel and Tourism Council Annual Summit 2019 in Seville, Spain.
On Thursday the popular former president is on his way to the Hyatt Regency Hotel in Cologne. Mark Hoplamazian, CEO of Hyatt is listed to be a participant at today’s WTTC Summit and most likely would love to make sure the president could enjoy the presidential suite at the four-star Hotel in Cologne Deutz.
Unfortunately, not even the CEO is able to arrange this for the popular former US president, since the suite is fully booked and occupied until April 30, according to sources at Hyatt.
The hotel is known for an unobstructed view of the famous Cologne Cathedral from Rhine River Facing rooms and junior suites, however. The Hyatt Regency is in a short walk over a pedestrian bridge crossing River Rhein to the Cathedral and the Roman museum are in walking distance from the hotel.
President Obama will be a speaker at the World Leadership Summit in Cologne on Thursday at the Cologne Lanxess Arena. This is a public event, and tickets are available from 85,55 EUR bis 206,30 EUR plus a number of VIP tickets for EURO 5,000.00 that includes a dinner with the president.
According to local media reports the event in Cologne sold 10,000 tickets so far, but there are 5,000 tickets still available.
The former president will meet her half-sister Auma. She studied in Heidelberg and speaks German.
From Cologne, the president will move on to Berlin and will be answering questions by your people on Saturday in a town-hall meeting.
Brazil’s former president Michel Temer has been arrested as part of a sweeping anti-corruption probe, media reports say. Temer took the office in 2016 after the impeachment of Dilma Rousseff – also on allegations of corruption.
Temer was detained at his house in Sao Paulo on Thursday morning and then transferred to federal police headquarters in Rio de Janeiro by the police task force, Brazilian news portal Globo reports. An arrest warrant has also allegedly been issued against the former energy minister Moreira Franco as well as Eliseu Padilha, who served as a civil aeronautics minister under ex-president Rousseff and later worked as a minister of labor and the chief of staff of the presidency under Temer, according to Globo.
The arrest is related to charges over alleged graft involving the construction of the Angra 3 nuclear plant, according to Brazilian Federal Prosecutor’s Office.
Meanwhile, Brazilian media reports that the ex-president faces investigation on ten separate cases. At least some of inquiries into his affairs are part of the ongoing large-scale criminal investigation known as Operation Car Wash in Brazil.
Initially launched as a money laundering probe, it was expanded to cover allegations of corruption at the state-controlled oil company Petrobras. Former presidents Luiz Lula da Silva and Dilma Rousseff were also indicted under it.
The ex-president’s lawyer confirmed his arrest. Temer came to power following Rousseff’s impeachment back in 2018 and stayed in office until December 31, 2018.
Brazil’s former leader was accused of corruption during his presidency in 2017 but the charges were blocked by the lower house of the Brazilian parliament at that time. Temer himself repeatedly denied any wrongdoing.
The Board of Directors of Marriott International, Inc. said today it has appointed Margaret M. McCarthy, Executive Vice President at CVS Health Corporation, as an independent director of the company, effective March 19, 2019. Ms. McCarthy will also be included in the company’s slate of nominees for election at Marriott’s upcoming 2019 Annual Meeting of Stockholders.
Ms. McCarthy’s appointment expands the membership of the Board to 14, 11 of whom are independent. She will also serve on the company’s Audit Committee.
“Meg brings a wealth of leadership experience to our Board from her over 30-year career in business and her military service,” said Larry Kellner, Marriott International’s Lead Director. “We were drawn to Meg’s experience with consumer-facing companies undergoing transformational change as well as her knowledge of privacy and cybersecurity. Marriott has a strong and independent Board of Directors that provides critical guidance and advice to management. We are also committed to building a Board that has diverse perspectives and backgrounds reflecting the diversity of our guests, associates and owners. We are confident that Meg will be a valuable addition to the Marriott Board.”
As Executive Vice President at CVS Health, Ms. McCarthy is a leader in the company’s technology transition following its acquisition of Aetna. As previously announced, Ms. McCarthy is slated to depart CVS Health in May. She brings substantial experience in data management and security.
“We’re thrilled to welcome Meg to our Board,” said Arne Sorenson, Marriott International President and Chief Executive Officer. “Her experience and expertise promise to make Meg a terrific addition to the Marriott Board. I look forward to her insights and leadership as we work to build Marriott’s global hospitality brand.”
Ms. McCarthy joined CVS Health through its acquisition of Aetna Inc. in 2018, where she had been Executive Vice President of Operations and Technology since 2010. At Aetna, she also served as the company’s Chief Information Officer and Head of Business Solutions Delivery. Prior to joining Aetna in 2003, she was a senior Information and Technology executive at Cigna Corp., Catholic Health Initiatives and Franciscan Health System, and a Partner at Ernst & Young.
Ms. McCarthy currently serves on the Board of Directors of Brighthouse Financial, Inc. and First American Financial Corporation. She also serves on various advisory boards and councils, including the Financial Services Information Sharing and Analysis Center, MIT Center for Information Systems Research and the Board of Trustees of Providence College.
Ms. McCarthy holds a bachelor’s degree from Providence College and a master’s degree in public health, hospital administration from Yale University. She served in the U.S. Navy Medical Services Corps as a Lieutenant at Bethesda Naval Hospital and in the U.S. Navy Reserves as a Lieutenant Commander.
Marriott’s Board of Directors engaged Russell Reynolds Associates to assist in identifying and evaluating potential nominees.
With the addition of Ms. McCarthy, the 14 members of Marriott’s Board of Directors are as follows:
•J.W. Marriott, Jr., Executive Chairman and Chairman of the Board, Marriott International, Inc.
•Mary K. Bush, President, Bush International, LLC and Former Presidential Appointee as the U.S. Government’s representative on the IMF Board
•Bruce W. Duncan, Chairman of the Board and Former President and Chief Executive Officer, First Industrial Realty Trust, Inc. and Former Interim Chief Executive Officer and Director, Starwood Hotels & Resorts
•Deborah Marriott Harrison, Global Officer, Marriott Culture and Business Councils, Marriott International, Inc.
•Frederick A. Henderson, Former Chairman and Chief Executive Officer, SunCoke Energy, Inc.
•Eric Hippeau, Managing Partner, Lerer Hippeau
•Lawrence W. Kellner, President, Emerald Creek, Group, LLC, Marriott International’s Lead Director
•Debra L. Lee, Former Chairman and Chief Executive Officer, BET Networks
•Aylwin B. Lewis, Former Chairman, President and Chief Executive Officer, Potbelly Corporation
•Margaret M. McCarthy, Executive Vice President, CVS Health Corporation
•George Muñoz, Principal, Muñoz Investment Banking Group, LLC
•Steven S. Reinemund, Former Chairman and CEO, PepsiCo, Inc. and Former Dean of Business, Wake Forest University
•Susan C. Schwab, Professor, University of Maryland and Former U.S. Trade Representative
•Arne M. Sorenson, President and Chief Executive Officer, Marriott International, Inc.
Marriott’s Board will nominate these 14 directors as its recommended slate at the company’s upcoming Annual Meeting.