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LONDON (Reuters) – Claudia Sheinbaum has won a landslide victory to become Mexico’s first female president, inheriting the project of her mentor and outgoing leader Andres Manuel Lopez Obrador whose popularity among the poor helped drive her triumph. The ruling coalition was also on track for a possible two-thirds super majority in both houses of …

Mexico’s Sheinbaum secures landslide presidential election win Read More »

By Lisa Barrington DUBAI (Reuters) – The United Nations should not change a convention on how global airlines are taxed, the International Air Transport Association (IATA) said on Monday, cautioning that doing so would add complexity and cost, and might cause routes to be scrapped. A U.N. committee on tax is considering taxing airlines in …

Airline taxation should remain in headquarter country, airline body IATA says Read More »

DUBAI (Reuters) – The head of the global airline body IATA said there was no need to reduce growth in global aviation in order to meet an industry target to meet net zero carbon emissions by 2050. The International Air Transport Association Director General Willie Walsh said the costs of the transition to net zero …

No need to reduce aviation growth to hit net zero, IATA head says Read More »

COPENHAGEN (Reuters) – Sweden’s Ericsson said on Monday that a four-year programme to monitor the company’s compliance with a U.S. anti-corruption agreement had ended on June 2. The appointment in 2020 of an independent monitor followed a settlement the previous year with the U.S. Department of Justice (DOJ) to resolve a probe into alleged corruption …

Ericsson says U.S. anti-corruption compliance monitoring has ended Read More »

(Reuters) -Thai entertainment platform GMM Music on Monday said Tencent and Tencent Music Entertainment will acquire a 10% stake in the company for $70 million, solidifying its spin-off plan. Tencent and its controlled entity Tencent Music will buy the stake through a combination of cash and a minority stake in music streaming app JOOX Thailand, …

Tencent, Tencent Music to pick up 10% stake in Thailand’s GMM Music for $70 million Read More »

(Reuters) – Blackstone on Monday raised its offer for Hipgnosis Songs Fund by a cent to $1.31 per share, valuing the music rights owner of artists such as Shakira and Red Hot Chili Peppers at $1.58 billion. The revised offer in part reflects “Hipgnosis incurring lower adviser fees in respect of the transaction than previously …

Blackstone raises Hipgnosis offer by a cent Read More »

(Reuters) -Qatar Airways PJSC is nearing a decision on a major widebody order split between Boeing and Airbus, Bloomberg News reported on Sunday, citing people familiar with the matter. The Middle East carrier is looking at ordering about 200 jets, looking at a mix of Airbus A350s and Boeing 777X models, with a decision possible …

Qatar Airways closes in on major Boeing, Airbus widebody order, Bloomberg News reports Read More »

(Reuters) – Skydance Media last week revised its offer for Paramount Global to buy up to a certain number of non-voting Paramount shares at $15 each, the Wall Street Journal reported on Sunday citing people familiar with the matter. The new proposal values Paramount B-shares at a roughly 26% premium to Friday’s close, the report …

Revised Skydance offer would let Paramount shareholders cash out at $15/shr, WSJ reports Read More »