News
German reinsurer Munich Re reported stronger-than-expected second-quarter results on Friday, supported by solid operational performance and unusually low costs from major insurance claims. The company posted a preliminary net profit of around €2.2 billion ($2.50 billion) for the quarter, significantly......
Global oil markets faced renewed pressure on Thursday as escalating tensions in the Red Sea pushed crude prices sharply higher, with Brent oil climbing above the $100 per barrel threshold for the first time since May. The surge reflects growing concerns over potential disruptions to global energy supplies......
Adani Energy Solutions has been awarded an 85 billion-rupee ($880.8 million) interstate electricity transmission project in the Indian state of Andhra Pradesh, strengthening the infrastructure needed to support the country's expanding green hydrogen industry. The company announced on Friday that......
Verizon has raised its annual financial forecasts after stronger-than-expected subscriber growth in the second quarter, supported by new unlimited 5G plans, loyalty initiatives and bundled service offerings. The US telecommunications company said its improved outlook reflects growing customer demand......
Sapphire Foods India, one of the country's largest franchise operators for KFC and Pizza Hut, returned to profitability in the first quarter of the financial year as aggressive discount campaigns attracted more customers despite a highly competitive restaurant market. The company reported a consolidated......
A bipartisan group of US lawmakers is seeking to relocate a major European security meeting from Serbia to South Carolina, highlighting divisions within Washington over relations with the Balkan country and the future location of a key international forum. Republican Representative Joe Wilson is expected......
Japan's annual Mount Fuji climbing season has been marked by a second fatality and a high-profile rescue involving a 99-year-old Japanese hiker, highlighting the physical demands and safety challenges associated with ascending the country's highest peak. Local authorities confirmed that a 58-year-old......
Former Casino Group CEO Jean-Charles Naouri has received a dismissal order in an investigation into allegations of rape and domestic violence, according to a source close to the case. The decision concludes a judicial inquiry opened in 2023 after a complaint was filed by Naouri's wife, who joined......
The European Commission has raised concerns over TikTok's protection measures for young users, stating in preliminary findings that the platform may have failed to meet requirements under the European Union's Digital Services Act (DSA). Brussels said the Chinese-owned social media platform did......
Nigeria is set to significantly strengthen its military capabilities after President Bola Tinubu approved a major expansion of the Nigerian Army, increasing its structure from eight to twelve divisions while authorising the recruitment of 28,000 additional personnel. The initiative forms part of a broader......
Canada will officially mark the opening of the Gordie Howe International Bridge without U.S. participation on Friday, after growing tensions over trade issues and a dispute surrounding toll arrangements disrupted plans for a joint celebration. The major infrastructure project, which connects Windsor,......
Romania has shot down a drone on its territory for the first time since the start of Russia's full-scale invasion of Ukraine, President Nicusor Dan said on Friday, marking a significant escalation in security concerns along NATO's eastern border. The unmanned aircraft was intercepted around......
India's Hindustan Zinc has appointed Amarendu Prakash as its next chief executive officer while reporting a sharp increase in quarterly earnings, supported by a strong rise in base and precious metal prices. The company announced on Friday that Prakash, the former chairman and managing director......
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