Business
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......
A Kenyan court on Thursday dismissed a legal attempt to block Diageo’s $2.3 billion sale of its local subsidiary, East African Breweries Limited, to Japanese brewer Asahi Holdings. The London-listed company, known for brands such as Johnnie Walker whisky and Captain Morgan rum, announced the sale......
Portugal’s flagship airline, TAP Air Portugal, reported a 92% drop in its 2025 net profit due to a one-off fourth-quarter accounting charge, despite higher revenues from increased passenger numbers and improved operating margins. The airline’s net profit fell to €4.1 million ($4.78 million)......
Lidl GB, the British arm of the German discount supermarket chain Lidl, announced plans to open more than 50 new stores across the UK over the next year. The expansion is part of a £600 million ($803 million) investment aimed at increasing its market presence and modernizing store infrastructure. The......
Japanese convenience store operator Seven & i Holdings Co Ltd announced that it is postponing the planned public listing of its North American operations. The listing, originally expected in the second half of 2026, will now be deferred to the financial year starting April 2027 or later. A company......
Italian banking group UniCredit has highlighted potential risks linked to its planned expansion involving Commerzbank, warning that uncertainty surrounding a possible integration could lead to the loss of key staff and clients. UniCredit, which already holds a significant stake in the German lender,......
The Financial Reporting Council has opened an investigation into the audit conducted by PwC on Digital 9 Infrastructure, highlighting growing scrutiny over audit quality in the United Kingdom. The probe focuses on the financial year ending in 2023 and will be carried out under the regulator’s......
Global commodities trader Trafigura has signed an agreement to purchase gold output from the Bogoso-Prestea mine in Ghana, marking a significant step in its expansion within Africa’s mining sector. The deal includes the acquisition of gold dore, a semi-refined product, from the mine’s operations,......
Aerospace components manufacturer Arxis is preparing for a major debut on Wall Street, targeting a valuation of more than $11 billion in its planned initial public offering (IPO) in the United States. The company’s listing comes at a time when defense and aerospace-related firms are attracting......
The upcoming leadership election of the Confédération générale des entreprises du Maroc (CGEM) is shaping up as a non-competitive process, with a single candidate ticket officially registered before the deadline. The duo of Mehdi Tazi and Mohamed Bachiri stands as the only......
FedEx is preparing a major strategic shift as its freight division, FedEx Freight, outlines ambitious growth targets ahead of its planned separation into an independent company. The unit, which specializes in less-than-truckload (LTL) shipping services, has announced medium-term goals that include steady......
German exporters are maintaining a generally positive outlook for international sales despite ongoing geopolitical tensions, according to a recent assessment by Allianz Trade. A large proportion of companies in Germany expect export revenues to grow in the coming year, reflecting resilience in one of......
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