Year: 2025
The global economy faces many headwinds, but the aviation industry is expected to defy them
A Turkish Airlines plane landing from a park next to Los Angeles International Airport on Dec. 26, 2024. Mario Tama | Getty Images The 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 […]
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Aussie firms Soul Patts and Brickworks’ $9 billion merger sends their shares rocketing
The Washington H Soul Pattinson logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Stocks 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% […]
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Billionaire Razon to buy 60% stake in First Gen’s gas assets for $896 million
Filipino businessman Enrique K. Razon Jr. speaks during an interview. Bloomberg | Bloomberg | Getty Images Prime 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 […]
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‘Game on’: Air New Zealand CEO on growing competition in aviation space
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Greg 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
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China says the U.S. undermined Geneva trade deal after Trump accuses Beijing of violations
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 Reuters China 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 […]
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Polish conservative Nawrocki leads presidential vote
Karol Nawrocki casts his ballot in Warsaw, Poland on 1 June, 2025. Nurphoto | Nurphoto | Getty Images Eurosceptic 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 […]
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6 advocates for Israeli hostages in Gaza injured in fire attack in Colorado
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 […]
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CNBC Daily Open: Playing “chicken” in markets can be a risky affair
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 […]
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Asia-Pacific markets trade mixed after Trump says he plans to double steel tariffs to 50%
People walking through the neon lit night streets of Sinchon in the heart of Seoul, South Korea’s vibrant capital city. Fotovoyager | E+ | Getty Images Asia-Pacific markets traded mixed after President Donald Trump told U.S. steelworkers late Friday that he will double tariffs on steel imports to 50%, effective from Wednesday. Japan’s benchmark Nikkei […]
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Oil giant BP seeks buyers for one of its crown jewels as it looks to stave off a takeover
Britain’s BP appears to be attracting a number of possible buyers for its Castrol lubricants business as the struggling oil giant seeks to fend off a prospective takeover . Energy companies including India’s Reliance Industries and Saudi Arabia’s oil behemoth Aramco , as well as private equity firms Apollo Global Management and Lone Star Funds, […]
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