Business
Kenya Airways has reported a pre-tax loss of approximately $138 million for the year 2025, marking a significant downturn after returning to profitability the previous year. The airline indicated that declining revenues played a major role in the negative results. Total income dropped notably compared......
Jet fuel prices have surged sharply in recent weeks, sending shockwaves through the global aviation industry as supply disruptions linked to the Iran conflict drive costs to levels not seen in decades. Data from the International Air Transport Association shows the global average price of jet fuel reached......
TotalEnergies and U.S. authorities announced on Monday a major shift in energy strategy, redirecting nearly $1 billion initially allocated for offshore wind projects to oil and natural gas production in the United States. As part of the agreement, the U.S. government will reimburse TotalEnergies for......
Grab Holdings has agreed to acquire foodpanda’s delivery business in Taiwan for $600 million in cash, marking the Singapore-based company’s first expansion outside Southeast Asia. The deal will extend Grab’s footprint to a ninth market, adding operations in 21 Taiwanese cities and......
IndiGo has appointed Aloke Singh, former CEO of Air India Express, as its new chief strategy officer. Singh will join the airline on April 6, following the recent departure of CEO Pieter Elbers. IndiGo holds approximately 65% of the domestic market in India, the world's fastest-growing aviation......
Kenya Airways has reported a sharp increase in passenger demand as geopolitical tensions in the Middle East disrupt global travel patterns. The airline says the surge has been particularly noticeable on routes connecting Africa with Europe, the United States, and Asia. The ongoing conflict has forced......
HSBC has named its first Chief Artificial Intelligence Officer as part of a broader strategy to enhance efficiency and modernize its global operations. The move reflects the growing importance of artificial intelligence in the banking sector, where institutions are increasingly investing in advanced......
DoorDash has introduced an emergency relief program aimed at supporting delivery drivers in the United States as fuel prices continue to rise sharply. The initiative comes at a time when gig workers are facing increasing operating costs due to higher gasoline prices linked to global energy market disruptions. Under......
Japanese trading house Itochu and the Japan Organization for Metals and Energy Security (JOGMEC) have strengthened their investment in a consortium linked to the Platreef platinum-group metals mine in South Africa, aiming to support its expansion and secure access to critical resources. JOGMEC recently......
Berkshire Hathaway has acquired a 2.5 percent stake in Japan’s largest insurer, Tokio Marine Holdings, in a deal valued at about $1.8 billion, marking a new strategic partnership between the two companies. Tokio Marine said it would sell treasury shares worth 287.41 billion yen to National Indemnity,......
U.S. stock index futures fell on Monday as escalating tensions in the Middle East fueled concerns over energy infrastructure and sent oil prices soaring above $100 a barrel. The heightened conflict prompted investors to reassess expectations for Federal Reserve interest rate cuts, reducing optimism for......
French food giant Danone has signed a definitive agreement to acquire Huel, a British company known for its high-protein powders, ready-to-drink meals, and snacks. While the purchase price was not disclosed, the deal represents a strategic move for Danone to expand its footprint in the growing functional......
Laila Benjelloun Touimi, chief executive of L’Oréal Maroc, promotes a leadership approach based on merit, adaptability and team impact rather than gender. In an interview with Les Échos, she said professional success depends on performance and the ability to lead effectively, reflecting......
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