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...Lufthansa boss Carsten Spohr at the same event said: “We need global solutions.”...
...He previously worked for more than a decade with State Street Global Advisors. Global X, owned by Seoul-based Mirae Asset, has 91 funds and ranks in the top 14 US managers of ETFs by assets....
...The alternative to the global tax framework could be a patchwork of taxes set by countries on a go-it-alone basis, analysts say....
...Some commercial carriers and charter companies previously used by the UK and other European governments for deportation flights have ruled themselves out....
...Chief executive Andrew Carrier said 2023 was a “landmark year” where the insurer recorded its best underwriting performance in a decade, making it the latest firm to be lifted by a global surge in insurance...
...Somali pirates last commandeered a ship on December 14 when a group hijacked the Bulgarian-owned bulk carrier Ruen. That vessel remains off Somalia....
Continuing supply chain bottlenecks come as carriers race to unveil new cabins to attract customers
...State-owned Comac was established jointly with companies including Shanghai-listed Aluminum Corporation of China, China Baowu Steel Group and Sinochem Corporation....
...He added that the carrier last year made its first profit since 2011. “You can’t have an airline run entirely by the government....
...Ireland’s GDP, however, is distorted by global companies based in the country....
...In 2023, Turkish Airlines’ revenue rose almost 14 per cent to $21bn, placing it within the ranks of top-10 global air carriers by sales, according to FactSet data....
...Global capacity for United and Alaska in June is about 6 per cent lower than what they had planned on January 7, immediately following the door blowout, said Rob Morris, head of Cirium’s consultancy business...
...Kazakhstan’s national carrier Air Astana has announced plans to float in London, as the carrier seeks to turbocharge its growth....
The new regime has been cleverly designed to limit tax avoidance
...Shipping currently accounts for around 3 per cent of global carbon emissions annually....
...“In a global context, the performance remains disappointing,” said Frédérique Carrier, head of investment strategy for RBC Wealth Management in the British Isles and Asia....
...Those risks have increased given tensions with Russia in the Black Sea, the potential for conflict in the Taiwan Strait and the threat to global shipping in the Red Sea....
...The issue has emerged since attacks by Yemen’s Houthis in December prompted most carriers to stop using the normal Asia-to-Europe route through the Red Sea and Suez Canal....
...But corporation tax revenues could grow significantly under future changes to bring in a minimum tax rate in effect under a global deal that takes effect next year, Casey said....
...Also, this speech by John Podesta, given last week at the Columbia Center on Global Energy Policy, was really groundbreaking....
...BlackRock said it had “paid all of its UK corporation tax, including the payment some time ago of all tax due in relation to this matter”, and that the “purpose of this hearing relates to the operation of...
...Apple’s global iPhone shipments declined 9.6 per cent in the first three months of 2024 compared with the same period in 2023, according to a report from the International Data Corporation....
...Kristoffersen, whose company operates 128 car carriers, said the global 766-vessel fleet was “sold out” even before the diversions, meaning that all the available capacity was in use....
...KKR was also holding talks with large corporations and other private equity buyers about potential asset sales, they said....
...Varying global tax rates alter investment returns for US multinational companies....
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