Category: Business

Lufthansa’s Acquisition of ITA Faces Brief Delay

Rome: It will take a few more days to close the acquisition by Lufthansa of 41% of ITA, sources close to the operation said Monday, the day initially expected for the closure of the merger between the Italian and German airlines.

According to Ansa Ne…

Trkiye’s industrial production down in August

ISTANBUL: Trkiye’s industrial production dropped 5.3% on a yearly basis in August, the Turkish Statistical Institute (TurkStat) announced on Thursday.

Among sub-sectors, both the mining and quarrying index and the manufacturing index slipped 5.4%, wh…

Global business travel set to reach record $1.5T in 2024: Report

PERTH: After a prolonged period of decline, global business travel is set to surpass pre-pandemic levels by 6.2%, hitting a historic $1.5 trillion in 2024, a report from the World Travel and Tourism Council (WTTC) showed Thursday.

The resurgence, w…