Canal+ Group chairman Maxime Saada has warned that the pay TV banner could pull out of its €1 billion ($1.1 billion) investment deal with the French film industry if the government goes ahead with plans to double VAT on pay-TV subscriptions. The measure, included in the government’s proposed finance bill, would scrap the reduced 10%
Panama Canal’s operator is to cut the number of vessels passing through the key waterway due to low rainfall caused by El Niño. The Panama Canal Authority (ACP) told shipping firms on Thursday that 32 vessels a day will be able to pass through it from 15 September, compared to 36 currently. El Niño, a
