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…

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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 |…

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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…

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