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Airlines less optimistic for 2025, facing 'headwinds': IATA
Airlines on Monday revised down their traffic and profit forecasts for 2025, citing "headwinds" for the global economy, with industry chiefs warning of the risk of increased tariffs impacting the sector. - 'Trade tensions' - While looking at profits, Walsh warned that "perspective is critical" to put industry-wide figures into context, saying that per passenger, it was still a narrow margin.
Homeless seek refuge at Madrid airport as rents soar
Victor Fernando Meza works during the day, but his salary is not enough to afford rent in the Spanish capital Madrid. Meza works occasional moving jobs and is hoping to save enough to rent an apartment with his brother.
Is Trump deterring European tourists to US? Not so fast
President Donald Trump's hardline immigration tactics, sweeping tariffs and nationalist policies may be a turn-off for many would-be European tourists to the United States, but the data paints a more nuanced bigger picture.
ECB expected to cut rates again as Trump trade war rumbles on
The European Central Bank is expected to deliver its seventh-straight interest rate cut this week as US President Donald Trump's volatile trade policies add to headwinds for the sluggish eurozone.
China 'firmly rejects' US claim that it violated tariff deal
China said Monday it "firmly rejects" US claims that it had violated a sweeping tariffs deal, as tensions between the two economic superpowers showed signs of ratcheting back up. "China firmly rejects these unreasonable accusations," its commerce ministry said in a statement.
US, China trade row could ease after Trump-Xi talks: Treasury chief
US Treasury Secretary Scott Bessent said Sunday that President Donald Trump could speak with China's Xi Jinping "very soon," and that such a call could help break the logjam in the trade talks between the world's two biggest economies. On when a Trump-Xi call could take place, Bessent said: "I believe we will see something very soon."
Key climate target of airline decarbonisation 'in peril': IATA
The airline industry's flagship goal of decarbonising by 2050 is now "in peril" due to climate-sceptic policies, including those of US President Donald Trump, the leading airline association IATA warned on Sunday.
Indian airline IndiGo orders 30 Airbus A350 widebody planes
Indian airline IndiGo said on Sunday it had signed an order for 30 more Airbus A350-900s, bringing its shopping list for the widebody aircraft from the European aircraft manufacturer to 60.
In changing times, young Germans gun for defence sector jobs
In a country with strong pacifist traditions due to its dark World War II history, German student Mika Scheid had never considered working in the arms industry -- until Russia invaded Ukraine. Still, beyond the traditional reluctance of young Germans to work in the defence sector due to the country's past, there are other challenges in recruiting for the industry.
AFP
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