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Mexican low-cost airlines Volaris and Viva agree to merger
Mexican low-cost airlines Volaris and Viva agree to merger
Business and Economy
by  AFP

Two of Mexico's top low-budget airlines said Thursday they had agreed to merge, setting up a deal that could create one of the country's largest domestic carriers. The deal, expected to close in 2026, is subject to regulatory approval in Mexico and could draw opposition from the budget airlines' main competitor, Aeromexico.

Japan hikes interest rates to 30-year-high
Japan hikes interest rates to 30-year-high
Business and Economy
by  AFP

The Bank of Japan hiked interest rates to a 30-year high of 0.75 percent on Friday, the first increase since January, as it said the economy had shown signs of improvement. However, with worries about the global outlook and US tariffs growing, it paused at the start of 2025, with the last increase in January taking rates to their highest level in 17 years.