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Economic turmoil in Europe, slower growth in China and U.S. unemployment are expected to curb business travel growth in the United States through the end of the year, according to the latest GBTA BTI™ Outlook – United States, a report from the Global Business Travel Association (GBTA) sponsored by Visa, Inc. With disappointing job gains and the upcoming Presidential election on the horizon, businesses appear to be taking a cautious approach to their investment in travel until there is greater economic certainty.   GBTA now expects total U.S. business travel spending to grow 2.6 percent for 2012, reaching $257 billion by the end of the year. While this is a moderate increase since last quarter, when GBTA estimated growth for 2012 at 2.2 percent, the uptick in spend is largely being driven by rising business travel costs. Total business trip volume is expected to reach 438.1 million for 2012 – a reduction of -1.6 percent from 2011, when total business trip volume was 445 million. L

Environmental degradation is a significant factor that reduces the capacity of societies to deal with disaster risk in many countries around the world. This is the key message of the World Risk Report 2012, presented today in Brussels, Belgium by the German Alliance for Development Works (Alliance), United Nations University Institute for Environment and Human Security (UNU-EHS) and The Nature Conservancy. The report examines the risks of and solutions for natural disasters. The record for the decade 2002 to 2011 is alarming: 4,130 disasters, more than a million deaths and an economic loss of at least 1.195 trillion dollars. The report's WorldRiskIndex, developed by UNU-EHS in cooperation with the Alliance, determines the risk of becoming the victim of a disaster as a result of natural hazards for 173 countries. The Pacific Island states of Vanuatu and Tonga have the highest disaster risk. Malta and Qatar face the lowest risk. Australia ranks 117th and is therefore in the lowes