Author: Daniel snow
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…
WARSAW, POLAND – JUNE 01: Karol Nawrocki, presidential candidate of the Law and Justice Party (PiS), gestures as he arrives with his family to cast his ballot at a polling station during the Polish presidential runoff election on June 01, 2025 in Warsaw, Poland. Today’s election is a closely contested race between Nawrocki and Rafal Trzaskowski, the liberal mayor of Warsaw who is supported by Prime Minister Donald Tusk. The election is seen as a test of whether the government, with its centrist parliamentary coalition, can overcome the right-wing populism embodied by PiS. (Photo by Sean Gallup/Getty Images)Sean Gallup |…
China has angrily responded to Trump’s accusation that the country has violated the 90-day trade truce, and says it will protect its interests. Source link
Prime Infra, the infrastructure division of Filipino billionaire Enrique K. Razon Jr., is set to purchase a 60% stake in the gas assets of First Gen Corp for 50 billion pesos (approximately $896.44 million), the Philippine energy company announced Monday. The agreement follows the signing of a term sheet, which includes plans for another upcoming facility in Batangas province, located south of Manila, according to First Gen. First Gen, backed by the influential Lopez family, will retain the remaining 40% ownership of the gas business. The Lopez family is also known as the controlling shareholders of ABS-CBN, the Philippines’ largest…
Stock futures dropped early Monday amid renewed trade tensions between the U.S. and China. China rejected U.S. accusations that it violated the Geneva trade agreement, instead blaming Washington for failing to uphold the deal. This exchange signals a worsening outlook for negotiations between the world’s two largest economies. The recent tensions follow a brief lull after a meeting in Geneva between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, where they agreed to suspend most tariffs for 90 days. As of Monday morning, S&P 500 futures were down 0.53%, Nasdaq-100 futures declined 0.68%, and Dow Jones Industrial…
China has firmly rejected allegations from the U.S. claiming it breached the terms of the Geneva trade agreement, instead accusing Washington of violating the pact and undermining the fragile consensus. This development signals a growing rift between the world’s two largest economies as trade tensions escalate once again. The accusations come in the wake of a recent Geneva meeting between U.S. Treasury Secretary Scott Bessent and Chinese counterpart He Lifeng, which had initially led to a 90-day suspension of most tariffs between the two nations. Despite this progress, the Trump administration has since ramped up restrictions on technology exports, particularly…
Asia FX muted on US-China trade concerns, dollar dips on rate cut comments Source link
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 A$14 billion ($9 billion), with…
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 worse.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 He Lifeng in Geneva, Switzerland, that had led them to…
GroupCOOJenTippinexplainstheboldmovesbehindthecompany’sHRevolution. Source link