The aviation industry is not moving fast enough to meet its goals for sustainable fuel production and use, according to IATA director Willie Walsh. the organization that brings together airlines, at a time when the sector aspires to achieve net zero emissions in 2050. “We are not making as much progress as we expected and, ...
SpaceX and its investors agreed to buy up to $1.25 billion in insider shares in a transaction that values Elon Musk’s rocket and satellite maker at $350 billion, according to an internal email seen by Bloomberg. The share price of US$185 is substantially higher than the US$112 established in a previous valuation less than three ...
The global airline industry is expected to achieve US$36.6 billion in net revenue in 2025, boosted by a record 5.2 billion passengers set to fly, the industry’s main lobby group said in its annual forecast. The outlook represents a 16% increase compared to 2024 figures. Industry profit margins will be 3.6%, higher than 3.3% in ...
China has opened an investigation into Nvidia over suspicions that the American chipmaker has violated antitrust laws. The State Administration for Market Regulation opened an investigation into the company’s recent behavior, as reported on Monday by China Central Television. Nvidia’s position as the leading supplier of artificial intelligence chips has put it in the crossfire ...
The governor of the French Central Bank put pressure on the country’s political class on Tuesday, deeply divided, to face strained public finances. The collapse of Prime Minister Michel Barnier’s government last week left France’s 2025 budget in limbo. and ministers rushed to prepare interim legislation to extend the 2024 spending caps until a new ...
Elon Musk poured at least $274 million into political groups in 2024, fueling a spending spree that helped Donald Trump win the presidency, and securing a new title: the most prolific donor of the election cycle. His total puts him well ahead of the second-largest donor, investor Timothy Mellon, who has given $197 million primarily ...
El Economista – Mexico City Two weeks have passed since the large service providers to Petróleos Mexicanos (Pemex) publicly requested information on the date on which the state-owned company would settle its debts to allow them to at least cover costs, pay salaries and close the year. There is no news yet, although there are ...
The Mexican cement company Cemex announced on Monday its participation in a US$865 million project for the construction of a bridge in Floridasoutheastern United States, which sIt is expected to be open in 2025 and will be essential for preventive evacuations when there are hurricanesaccording to the company. Cemex reported that so far it has ...
US airstrikes hit dozens of Islamic State targets in central Syria on Sundaywhile President Joe Biden warned that Bashar al-Assad’s fall from power could open the door to a resurgence of Islamic extremism. “We are clear that Isis will try to take advantage of any gap to restore its capabilities and create a safe haven,” ...
China’s central bank resumed buying gold for its reserves in November after a six-month pause, official data showed on Saturday. The People’s Bank of China (Pboc) was the world’s largest official sector gold buyer in 2023.The resumption of its purchases could support demand from Chinese investorswhich was cushioned since the entity interrupted its 18-month purchasing ...
