InterContinental Hotels Group is acquiring Ruby Hotels for over $300 million as part of its European expansion strategy, with plans to introduce the brand in the U.S. by year-end. UK airlines, facing a new sustainable aviation fuel mandate, may struggle to source enough fuel as China tightens control over its biofuel exports. Meanwhile, the UK’s competition regulator has provisionally approved American Express Global Business Travel’s $570 million acquisition of CWT, though a final decision is expected by March 9.

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