Business
French carrier Air France has once again increased ticket prices in response to rising fuel costs, adding further pressure on travelers as global energy prices remain volatile. The airline, part of the Air France-KLM group, has introduced an additional surcharge on long-haul economy and premium economy......
The United States and Australia have significantly increased their financial commitment to critical minerals projects, pledging billions of dollars to strengthen supply chains and reduce dependence on external sources. The joint investment, which has nearly doubled compared to earlier commitments, is......
Italian luxury house Dolce & Gabbana has announced the appointment of Stefano Cantino as Co-CEO, marking a new phase in the brand’s strategic evolution. Cantino, a former executive at Gucci, will share leadership responsibilities with current chief executive Alfonso Dolce. The move reflects......
British Finance Minister Rachel Reeves is expected to present new measures later this week aimed at helping businesses cope with persistently high energy costs, as the government responds to ongoing global energy market pressures linked to international tensions. In comments published in the Sunday......
The pilots’ union VC has called for a two-day strike at German airline Deutsche Lufthansa AG, escalating an ongoing dispute over pensions and working conditions. The union announced on Saturday that pilots working for Lufthansa, Lufthansa Cargo, and Lufthansa CityLine are expected to walk out......
Germany must ensure equal ownership with France in the planned initial public offering of defense manufacturer KNDS, according to a senior German trade union figure, who warned that anything less could undermine national industrial interests. Jürgen Kerner, deputy head of Germany’s powerful......
Chinese investment in Brazil is undergoing a major transformation, shifting away from large-scale infrastructure projects toward consumer-focused industries such as food, retail, and services. A new wave of companies from China is increasingly targeting Brazil’s more than 200 million consumers,......
Kering, the French luxury conglomerate behind Gucci, Saint Laurent and Balenciaga, plans to appoint two new board members: Marie-Hélène Chenut, former Chanel executive, and Laurent Kleitman, Mandarin Oriental Hotel Group CEO. Bloomberg and The Business of Fashion reported Wednesday. [ from......
Norway’s sovereign wealth fund, Norges Bank Investment Management (NBIM), has announced its support for the re-election of Luigi Lovaglio as Chief Executive Officer of the Italian bank Monte dei Paschi di Siena. NBIM, one of the largest institutional investors in Europe, held a 2.87% stake in......
Italian banking group UniCredit S.p.A. is reportedly reconsidering its strategy in Russia and may opt to liquidate its local operations rather than proceed with a previously discussed sale, according to media reports citing unnamed sources. The bank, once among the major foreign lenders operating in......
Amazon disclosed for the first time that its artificial intelligence business has reached an annualized revenue of more than $15 billion within its cloud division, marking a key milestone in the company’s effort to monetize its heavy investments in AI infrastructure. The figure was revealed in......
Futures for Canada’s main stock index, the S&P/TSX, fell slightly on Thursday as investors assessed ongoing developments in the Middle East, while uncertainty over the Strait of Hormuz reopening drove oil prices higher. June TSX futures were down 0.13% as of 5:22 a.m. ET (9:22 a.m. GMT). Heightened......
Germany’s economy ministry has initiated an investment review of Klesch Group Ltd’s planned acquisition of BP’s (BP Plc) German oil refinery in Gelsenkirchen, according to reports from Spiegel. Confidential documents cited by Spiegel suggest that the nationality of Klesch Group owner......
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