Business
French industrial gases company Air Liquide has announced plans to redistribute helium supplies from different regions worldwide in response to a short-term shortage linked to geopolitical tensions in the Middle East. A company executive explained that recent disruptions affecting natural gas production......
Melius Research has lowered its price target on Microsoft to 400 dollars from 430, maintaining a neutral rating and signaling growing skepticism about the company’s ability to convert its heavy artificial intelligence investments into sustained revenue. Analyst Ben Reitzes described Microsoft’s......
More than 1,000 employees of Dutch chip equipment manufacturer ASML participated in a lunchtime walkout at the company’s headquarters in Veldhoven on Tuesday. The protest was organized in response to plans to cut 1,700 jobs, representing 3.8% of the workforce, as part of a broader reorganization. Union......
Swiss elevator manufacturer Schindler has announced that it will oppose any potential merger between rivals Kone and TK Elevator if approved by antitrust authorities. The merger would create the world’s largest lift manufacturer, surpassing the current market leaders. Schindler CEO Paolo Compagna......
Deutsche Lufthansa has extended the suspension of several routes to the Middle East as the conflict involving Iran enters its fourth week with no clear signs of de escalation. The airline said flights to Dubai and Tel Aviv will remain suspended until May 31, while services to Abu Dhabi, Beirut, and Tehran......
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......
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