Sony Interactive Entertainment has launched “It happens on PlayStation 5,” a bold new global campaign designed to reignite excitement among its player base and spotlight the kind of unforgettable gameplay moments that have…
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Turkish Airlines inks deal to buy minority stake in Spain’s Air Europa
MADRID, Nov 6 (Reuters) – Turkish Airlines (THYAO.IS) has signed a deal to buy around one-quarter of Spanish carrier Air Europa, the airlines said on Thursday.Turkish Airlines is to invest 300 million euros ($355 million) in convertible debt, which will be exchanged for a stake expected to be in the range of 25% to 27%, under a deal agreed in August.Sign up here.
Spain’s Hidalgo family, through Globalia, will continue to be the majority shareholder of Air Europa, while British Airways owner IAG will retain its current 20% stake through the purchase of shares from Globalia.
Turkish Airlines has said it has no plans to increase the stake.The transaction, which will close once regulatory requirements have been met in about 6 to 12 months, values Air Europa at approximately 1.2 billion euros ($1.4 billion).
The deal is a rare case of a non-European carrier buying a stake in an airline on the continent and comes as airlines are looking to consolidate the continent’s fragmented market by snapping up smaller struggling operators.
Turkish Airlines beat European rivals Lufthansa (LHAG.DE) and Air France-KLM (AIRF.PA) to secure the agreement to share control of the carrier with the Hidalgo family.After announcing the deal, Air Europa said it had repaid a loan of almost 500 million euros from Spain’s state-owned industrial holding company SEPI one year ahead of schedule.
Reuters first reported in June that Turkish Airlines was interested in buying a minority stake.($1 = 0.8575 euros)
Reporting by Emma Pinedo; Editing by Charlie Devereux and Conor Humphries
Our Standards: The Thomson Reuters Trust Principles.
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Groping of Mexico’s president puts violence against women in spotlight
Mexico’s President Claudia Sheinbaum attends a press conference at the National Palace in Mexico City, Mexico, November 3, 2025. — Reuters - Assault took place on short walk between meetings.
- President files…
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Iran and Pakistan can jointly counter Israeli expansionism
Mohammad Bagher Ghalibaf, who is visiting Pakistan at the head of a parliamentary delegation, met with Ayaz Sadiq at the National Assembly in Islamabad.
Expressing satisfaction with his visit, Ghalibaf thanked the Pakistani people for their…
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A&O Shearman Advises on Debt Deal
A&O Shearman has advised DSBJ PTE. LTD., a subsidiary of Suzhou Dongshan Precision Manufacturing Co., Ltd (DSBJ), an industrial group listed on the Shenzhen Stock Exchange, on the acquisition of Groupe Mécanique Découpage (GMD), a leading French automotive supplier company with operations in France and internationally, and the restructuring of its financial debt. This operation allows DSBJ to develop its activities in Europe.
The shareholders of GMD and DSBJ, one of the main manufacturers of components for the electronics, telecommunications and automotive sectors, have organized the takeover of the GMD group.
The parties and the bank and bond creditors of the GMD group have reached an agreement providing in particular for the acquisition of the entire share capital of GMD and the restructuring of its bank and bond debts. The operations planned under the terms of this agreement, approved by the Nanterre Economic Activities Court, were finalized on Wednesday, October 30, 2025.
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SOIL Nihonbashi Hotel, Redefining Urban Stays Through Green Design / Pen ペン
Guest room at SOIL Nihonbashi Hotel.
On September 1, SOIL Nihonbashi Hotel opened its doors in Ningyocho, Nihonbashi, as the lodging facility of SOIL Nihonbashi.
Following SOIL Setoda, which opened in 2021 on Ikuchijima Island in the Seto…
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Why Did YouTube Delete Over 700 Videos Of Alleged…
A screenshot featuring Youtube. (Credit: Kaufdex from Pixabay) YouTube has come under fire for allegedly bowing to political pressure from US President Donald Trump, after it removed the accounts of three leading Palestinian rights…
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India needs to double sugar exports as surplus rises on lower ethanol output – Reuters
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Punjab CM leaves for Brazil to attend COP 30 conference – RADIO PAKISTAN
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- CM Maryam Nawaz arrives in London to depart for Brazil to attend…
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Microsoft advances the UAE’s AI ambition with Microsoft Elevate programme – Microsoft Source
- Microsoft advances the UAE’s AI ambition with Microsoft Elevate programme Microsoft Source
- Microsoft’s $15.2 billion USD investment in the UAE – Microsoft On the Issues The Official Microsoft Blog
- Microsoft, G42 to expand UAE datacentre capacity by 200MW verdict.co.uk
- Microsoft to invest $7.9 billion in AI infrastructure and talent across the UAE by 2029 the-decoder.com
- Microsoft, Nvidia partner to power UAE’s ambition as AI hub The American Bazaar
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