Business
Airline and travel shares across global markets slumped after the conflict involving the United States, Israel, and Iran shut key Middle Eastern hubs, triggered thousands of flight cancellations, and drove fuel costs sharply higher. A basket of major airlines, hotel groups, and travel operators in Europe,......
Banks, hedge funds and insurers spent the weekend racing to map out their exposure to the Middle East as the escalating confrontation between Iran, the United States and Israel disrupted markets, travel and business operations across the Gulf. The latest round of strikes, which hit targets in the United......
ClassPass says it has generated a total of 3.1 billion dollars in revenue for fitness and wellness studios worldwide since its launch in 2013, underscoring its argument that the booking platform delivers incremental income rather than cannibalizing in house memberships. The figure, nearly double the......
OpenAI has secured a record breaking 110 billion dollars in new funding, more than doubling the size of its previous capital raise and cementing its position at the center of the artificial intelligence race. The deal values the ChatGPT maker at 730 billion dollars before the new money, placing it among......
Jeff Bezos’ artificial intelligence venture Project Prometheus is seeking tens of billions of dollars to build a new holding company that will buy industrial businesses reshaped by AI, deepening the Amazon founder’s latest return to an executive role in the technology sector. The planned......
Japan’s government bond market is offering some of the most attractive returns in years for dollar-based investors using currency hedges, according to BlackRock. The asset manager estimates that buyers of long-dated Japanese sovereign debt can currently secure yields of about 6 percent once the......
Nvidia reported another blockbuster set of quarterly results, yet investors responded with striking restraint as the stock barely moved despite a clean beat on both earnings and guidance. The muted reaction underlined how fully the company’s dominance in artificial intelligence hardware is already......
Stellantis has reported a record €22.3 billion net loss for the 2025 fiscal year, marking the worst result in the automaker’s history. The results reveal the high financial toll of dismantling its costly electric vehicle expansion strategy, a move that led to €25.4 billion in charges......
Finland’s IQM Quantum Computers has agreed to merge with Real Asset Acquisition Corp, a US-listed special purpose acquisition company, in a deal that would take the quantum hardware maker public at an equity valuation of about 1.8 billion dollars. The transaction, which remains subject to approval......
Pakistan has signed an agreement with the United States to jointly redevelop the iconic Roosevelt Hotel in midtown Manhattan, unlocking the potential of one of Pakistan’s most valuable overseas real estate investments. The pact follows approval from Pakistan’s cabinet and involves a memorandum......
U.S. Secretary of State Marco Rubio is continuing his European tour with visits to Slovakia and Hungary, two countries led by political figures who maintain close ideological ties with President Donald Trump. The diplomatic trip follows Rubio’s address at the Munich Security Conference, where......
The chief legal officer of Goldman Sachs has announced her resignation following renewed public scrutiny over her past professional relationship with convicted sex offender Jeffrey Epstein. The Wall Street bank confirmed that Kathryn Ruemmler will step down from her role at the end of June. Her decision......
Palo Alto Networks on Tuesday completed its $25 billion acquisition of CyberArk, positioning identity security at the core of its strategy as enterprises grapple with the rapid expansion of artificial intelligence agents across corporate networks. The deal, first announced in July 2025, is the largest......
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