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Air France says Olympic Games has cut summer traffic to Paris
Air France-KLM warned Monday that the Olympic Games would lead to a drop in revenues of up to 180 million euros ($193 million), due to a decline in travel to Paris over the summer. One of the official partners of the Paris Olympic and Paralympic Games, Air France had said plans to use the events to boost its brand and show off its services.
Boeing says to buy subcontractor Spirit for $4.7 billion
US aircraft manufacturer Boeing said Monday it had reached a "definitive deal" to buy its subcontractor Spirit, which has faced scrutiny over production quality control in recent months.
Euro edges up on easing worries about French election
The euro rose against the dollar Monday on signs France's far-right would not win enough seats for an overall majority in legislative elections. However, while polls suggested the party was on course to win a majority of the 577-seat National Assembly, it was unclear if it could garner enough to take full control.
Vote-ready UK waits to scoop up Brexit boost
Eight years after Britain voted for Brexit, businesses still lament economic fallout caused by the country's departure from the European Union, with little prospect of change after this week's election. Alfonso noted that "you could get things from the European Union very easily" before Brexit.
Short fuses in Egypt as blackouts stretch into sweltering summer
At least once a day, the hum of every fan, air conditioner and fridge across Egypt goes quiet. The lights go out and an expletive is muttered or hurled into the quickly-heating air.
Nippon Steel fight points to industry's uncertain future in Pennsylvania
Nippon Steel's proposed acquisition of United States Steel has been a source of unease in Pittsburgh, where the metal once dominated the economy and still looms large in the collective psyche. The company has also vowed to keep US Steel's 1,000-worker office in downtown Pittsburgh.
Panamanian court acquits 28 defendants in 'Panama Papers' trial
A Panamanian court on Friday acquitted 28 people charged with money laundering in connection with the now-defunct law firm Mossack Fonseca, the epicenter of the "Panama Papers" international tax evasion scandal. The scandal led to the closure of Mossack Fonseca and shaped the international image of Panama as an offshore tax haven.
Vietnam economy expands 6.4 percent in first half of year
Vietnam's economy grew by more than six percent in the first half of 2024, government figures showed Saturday, as analysts said more reforms are needed to further boost the economy. Industrial production was up 7.5 percent, while foreign investment increased by 8.2 percent compared to the same period last year, the new figures showed.
Biden, Trump battle for blue-collar voters as steel merger looms
Working class voters in Rust Belt cities like Pittsburgh used to favor Democrats overwhelmingly, but years of economic hardship and the rise of social issues favoring Republicans have made them a swing constituency again in 2024.
AFP
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