ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailThe International Air Transport Association (IATA) announced it’s revised financial outlook for 2025. IATA’s Director-General Willie Walsh, joins CNBC’s Monica Pitrelli in New Delhi, to discuss the updated forecast. Source link
Author: usaeverydaylife
Filipino businessman Enrique K. Razon Jr. speaks during an interview.Bloomberg | Bloomberg | Getty ImagesPrime Infra, the infrastructure business arm of Filipino businessman Enrique K. Razon Jr., is buying 60% of the gas assets of First Gen Corp for 50 billion pesos ($896.44 million), the Philippine energy firm said on Monday.The parties have signed a term sheet, which shows another upcoming facility located in Batangas province, south of Manila, First Gen said in a statement.First Gen is backed by the influential Lopez family, who will retain a 40% stake in the gas business the company is selling. The Lopez family is also the controlling shareholder of ABS-CBN, the country’s largest broadcaster.The deal marks the latest in the Philippine energy sector,…
A Turkish Airlines plane landing from a park next to Los Angeles International Airport on Dec. 26, 2024.Mario Tama | Getty ImagesThe global economy may be facing an uncertain 2025 in light of trade tensions and geopolitical conflicts, but there’s a bright spot that investors can take solace in: aviation.The profitability of the aviation industry is expected to improve in 2025, despite global gross domestic product growth being forecast to drop to 2.5% in 2025 from 3.3% in 2024, according to the International Air Transport Association.In a report released on Monday, the IATA said revenue, operating profits and net profits…
We keep getting thrown off, and the lack of predictability is driving investors elsewhere. Do we really think the economies in Europe are doing that well? Is Italy on fire? Spain soaring? No. But what they do have is consistency , even if it is the consistency of mediocrity. We, on the other hand, have no stability whatsoever because of the incredible, mind-boggling power of the White House. It’s so pervasive, frightening even if you care about the U.S. Constitution, that I think the rank-and-file of both parties in the House and the Senate are shocked to their core. We…
The Washington H Soul Pattinson logo is seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty ImagesStocks of Australian investment firm Washington H. Soul Pattinson, also known as Soul Patts, and its affiliate Brickworks surged after both companies announced a A$14 billion ($9 billion) merger.Shares of Soul Patts traded 13.78% higher, while Brickworks, Australia’s largest brickmaker, jumped 22.32% as of 1 p.m. local time.As part of the deal, a new company listed in Sydney will acquire all outstanding shares of Soul Patts and Brickworks. The merged entity is projected to be worth around $9 billion, with holdings across…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailGreg Foran, outgoing CEO of New Zealand’s flag carrier Air New Zealand, discusses how the airline is coping with engine issues, tariffs and rising competition. Source link
The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. Keystone/eda/martial Trezzini | Via ReutersChina on Monday refuted Washington’s claims that it had broken the Geneva trade agreement, instead accusing the U.S. for breaching deal terms, signaling talks between the worlds top two economies have taken a turn for the worst.Trade frictions between Washington and Beijing have flared up after a hiatus following a meeting between U.S. Treasury Secretary Scott Bessent and his Chinese counterpart in Geneva, Switzerland, that had led them to suspend most…
US President Donald Trump speaks during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025. Saul Loeb | AFP | Getty Images When threatened, birds puff up their feathers to appear larger than they actually are, and squawk to signal aggression.On Friday, U.S. President Donald Trump suggested he would no longer be “Mr. NICE GUY” to China after the country “totally violated” its trade agreement with America. The same day, Trump said he would raise tariffs on steel imports to 50% from 25%.The escalations follow a détente in May, during which Trump reached a…
Karol Nawrocki casts his ballot in Warsaw, Poland on 1 June, 2025.Nurphoto | Nurphoto | Getty ImagesEurosceptic Karol Nawrocki established a lead in Sunday’s presidential election in Poland, late exit polls showed, with the ballot seen as a test of the nation’s support for a pro-European course versus Donald Trump-style nationalism.A late exit poll by Ipsos for broadcasters TVN, TVP and Polsat showed Nawrocki at 51% and his rival, liberal Warsaw Mayor Rafal Trzaskowski, at 49%. Readings published just after voting ended had Nawrocki losing at 49.7% to 50.3%. Official results were due on Monday.Nawrocki, 42, an amateur boxer who ran a national remembrance institute, campaigned on a…
An attack on marchers promoting awareness of Israeli hostages in Gaza is an act of terrorism that injured 6 people, federal authorities said Sunday evening in Boulder, Colorado.A suspect was arrested at the scene. Witnesses told authorities he had shouted “Free Palestine,” while using an incendiary device to throw flames at the demonstrators.The injured range in age from 67 to 88. Two law enforcement sources had said earlier that one was in critical condition. They were at or near a weekly demonstration to support awareness of Israeli hostages still held in Gaza by Hamas militants.Mark D. Michalek, special agent in…
