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British Airways parent IAG drops bid for Air Europa
British Airways parent IAG drops bid for Air Europa
Economy
by  AFP

Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environment". IAG, which also owns Spain's low-cost carrier Vueling and Ireland's Aer Lingus, had in February 2023 said it was to acquire Air Europa for 500 million euros from Globalia, its Spanish owner, pending regulatory approval.

'I'm leaving': Maduro victory sparks fears of new exodus of Venezuelans
'I'm leaving': Maduro victory sparks fears of new exodus of Venezuelans
Economy
by  AFP

A despondent Jose Vasquez, 31, has decided to join a mass exodus of Venezuelans seeking a better life elsewhere, having lost all hope in his future with the contested reelection of President Nicolas Maduro. "I think, and I hope I'm wrong, that the flow of Venezuelans is going to increase for obvious reasons," Panamanian President Jose Raul Mulino said Monday.