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  • Reuters

    UPDATE 1-Televisa to merge Sky, cable 'as soon as possible'

    Mexican broadcaster Televisa plans to merge its satellite TV unit Sky with its cable TV and internet service Izzi as soon as possible, the head of the new unit, Francisco Valim, said on Friday. Televisa is aiming to trim its financial expenses, and Izzi has had trouble staying competitive in recent quarters. The Mexican firm earlier this month reached an agreement with AT&T for its stake in Sky, giving Televisa full control of the firm.

  • Reuters

    UPDATE 1-Biden says he plans to debate Trump

    U.S. President Joe Biden said on Friday that he would participate in a debate with Donald Trump, his Republican opponent in November's election. The remarks were Biden's clearest yet on the prospect of a presidential debate. Biden had not previously committed to debate Trump, saying last month it would depend on the former president's behavior.

  • Reuters

    UPDATE 1-Mexico's Pemex Q1 net profit plummets 92%

    Mexican state energy company Pemex reported on Friday a net profit of 4.7 billion pesos for the first quarter of 2024, down 91.7% from the year earlier period, amid lower sales and higher costs. Throughout his term in office, President Andres Manuel Lopez Obrador has thrown Pemex billions of dollars in lifelines, including capital injections and tax reductions. The world's most indebted energy company, Pemex owes national and international service providers billions more.