(Bloomberg) — Qatar expects the football World Cup in November to add as much as $17 billion to its economy, lower than a previous estimate of $20 billion. Amid concerns over accommodation for the 1.2 million fans expected to fly in, organizers said more rooms will be made available for visitors.
Earlier, British Airways parent IAG’s CEO said there’s no certainty it will be immune from strikes sweeping Europe’s airline sector, as staffing shortage and spiraling inflation stoke wage demands. Boeing’s Dave Calhoun delivered a similar bleak view of the supply-chain crunch afflicting the industry, and said mid-tier parts makers were worst hit by employee shortage.
Those comment came after Harrods boss Michael Ward said logistical snags had forced the London luxury emporium to delay its famed sale. “It’s almost impossible to find the right staff,” he said on the final day of the Qatar Economic Forum. “We’ve lost significant amounts of people as a result of Brexit.”
Meanwhile, Volkswagen CEO Herbert Diess warned the shift away from Russian energy isn’t…