Business
The ongoing conflict in the Middle East and the recent surge in global oil prices are significantly affecting the operations of Transavia, the low-cost airline belonging to the Air France-KLM group. Company executives say the situation is creating both operational and financial challenges for the airline. Transavia......
Several major Wall Street banks have offered employees in the United Arab Emirates the option of temporarily relocating as missile and drone attacks linked to the conflict involving Iran continue to affect the Gulf region. Goldman Sachs, Morgan Stanley and Citigroup have informed staff in the UAE that......
Volkswagen said it expects its operating margin to improve to between 4.0 percent and 5.5 percent in 2026 after a challenging 2025 marked by tariffs, rising competition from Chinese automakers, and the high cost of shifting toward electric vehicles. The German carmaker reported an operating margin of......
Leadership changes in the global energy sector are drawing attention as a senior executive from BHP Group is reportedly being considered for the top position at Woodside Energy. According to industry reports, Geraldine Slattery, president of BHP’s operations in Australia, is among several candidates......
The United States and Japan are exploring plans to establish a major advanced manufacturing facility in the U.S. as part of a broader economic cooperation initiative aimed at strengthening technological supply chains and industrial capacity. According to reports, the Japanese government has approached......
India’s largest state-run refiner, Indian Oil Corporation, has reportedly secured several crude oil cargoes scheduled to be loaded from the Red Sea port of Yanbu, according to industry sources familiar with the matter. The move reflects ongoing adjustments in global energy supply chains as geopolitical......
French printing and communication services company Copytop is marking its 50th anniversary with a two month national campaign aimed at thanking customers and highlighting the value of local service in an increasingly digital marketplace. Founded in 1976, the independent company has continued to grow......
Boeing Co.'s CEO, Kelly Ortberg, received a total compensation of approximately $9.4 million in 2025, according to the company’s latest proxy statement released Friday. The breakdown of Ortberg's earnings included a base salary of $1.5 million, incentive pay of $3.9 million, and $3.9 million......
French pharmaceutical company Servier announced on Friday that it will acquire Day One Biopharmaceuticals for approximately $2.5 billion, strengthening its portfolio in brain tumor therapies. Deal details Under the agreement, Servier will pay $21.50 per share in cash, representing a 68% premium over......
Morocco’s national airline, Royal Air Maroc, has temporarily suspended all flights connecting Morocco and the Qatari capital Doha until March 15, 2026, citing the current security situation in the Middle East. In a statement released on Thursday, the airline confirmed that services between Morocco......
Moderna has agreed to pay up to $2.25 billion to resolve a global patent dispute with Genevant Sciences and Arbutus Biopharma over the lipid nanoparticle technology used in its COVID-19 vaccine, Spikevax. The agreement ends years of litigation over the delivery system that enabled mRNA vaccines during......
Glovo has closed all seven of its dark stores in Morocco, citing compliance with new regulations recently introduced by the Competition Council, company sources reported. The closures affect locations in Tangier, Mohammedia, Casablanca, Dar Bouazza, and Marrakech. Initially, authorities in Nouaceur......
The ongoing tensions in the Middle East present Brazil with a unique opportunity to attract international investment in its oil industry, according to Shell's CEO in the country. Cristiano Pinto da Costa emphasized that Brazil’s political stability and reputation as a dependable oil producer......
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