Business
Innoflex Group, a leading Moroccan producer of polyurethane foam and mattresses, has secured a major financing round worth 200 million Moroccan dirhams (MAD) to accelerate its regional growth strategy. The investment was completed in partnership with CDG Invest Growth, marking a significant step in......
Delta Air Lines has reportedly scaled back key environmental commitments, marking a significant shift in its approach to long-term sustainability targets in the aviation sector. The airline has removed its previous goal of using sustainable aviation fuel (SAF) for 10% of its total jet fuel consumption......
The former chairman of China Evergrande Group, Hui Ka Yan, has admitted guilt in a major fraud case, marking a dramatic fall from one of the most powerful figures in China’s property sector to a central figure in its largest corporate collapse. Once celebrated as the founder of a real estate empire......
Norwegian energy company Equinor has sold a significant portion of its stake in solar energy firm Scatec, in a deal valued at approximately $169 million. The transaction reflects ongoing adjustments within the global energy sector as companies reassess their investment strategies. The sale involved......
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......
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