Business
China’s civil aviation regulator has held meetings with senior executives from Boeing and General Electric in Beijing, according to official statements released on Sunday. The discussions took place over two separate days and involved top representatives from both companies, which are key players......
Starbucks has announced the elimination of approximately 300 corporate positions in the United States as part of a broader restructuring plan aimed at improving operational efficiency and restoring long-term profitability. The company confirmed that several regional support offices across the country......
The United Arab Emirates has moved to speed up construction of a major east-west oil pipeline designed to significantly increase crude export capacity through the port of Fujairah and reduce reliance on the Strait of Hormuz. The decision comes as regional maritime routes face sustained disruption linked......
Volkswagen executives said the company’s software partnership with Rivian is advancing on schedule, marking a major step in the German automaker’s effort to modernize its electric vehicle technology and streamline future vehicle platforms. Thomas Schäfer, chief executive of the Volkswagen......
U.S. Securities and Exchange Commission and billionaire Elon Musk are set to appear before a federal judge in Washington, D.C., to seek approval of a settlement linked to Musk’s delayed disclosure of his investment in Twitter. The agreement concerns allegations that Musk waited too long in 2022......
Panasonic Holdings announced a three year investment program worth 500 billion yen aimed at accelerating its expansion into artificial intelligence infrastructure, even as the Japanese conglomerate reported a sharp decline in annual earnings driven by restructuring costs and weaker electric vehicle demand.......
The collapse of Spirit Airlines has temporarily pushed airfares higher in certain U.S. markets, giving competing budget airlines more room to increase prices. However, industry analysts say the long-term challenges facing the low-cost airline model remain unresolved. The Florida-based carrier ceased......
Global banking group HSBC Holdings has raised its year-end target for the S&P 500 index, reflecting stronger-than-expected corporate earnings and continued optimism in U.S. equity markets. In its latest outlook, HSBC increased its forecast for the index to 7,650 points from 7,500, citing resilient......
Lime, the American company known for its shared electric bikes and scooters, is preparing for a potential stock market debut on the NASDAQ with a target valuation estimated at around $2 billion. Founded in 2017 and headquartered in San Francisco, the company has become a major player in urban micromobility.......
An investor in Mattel has urged the toy manufacturer’s leadership to explore strategic options, including taking the company private or pursuing a potential sale, as the global toy market faces weakening demand. Southeastern Asset Management, which holds approximately 4% of Mattel’s shares,......
Shares of Whirlpool Corporation fell sharply on Thursday, reaching their lowest level in more than 14 years, after the company reported weaker-than-expected first-quarter revenue and announced the suspension of its dividend. The decline reflects growing pressure on consumer-facing industries as households......
Asset management giant Blackstone announced a decline in the value of its private credit vehicle, the Blackstone Secured Lending Fund, during the first quarter of 2026. The adjustment reflects growing caution among investors regarding companies operating in the software industry, particularly as artificial......
The online system for reclaiming U.S. tariff payments ruled unlawful by the Supreme Court is operating more smoothly than initially expected, according to a customs specialist at Swiss logistics group Kuehne + Nagel. The refund mechanism was launched last month following a court decision that struck......
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