Aircraft delivery delays having ‘brutal’ impact on Lufthansa, says CEO
Carsten Spohr, CEO of Lufthansa (LHAG.DE), revealed at a business press club in Stuttgart that ongoing aircraft delivery issues are…
Category: World
Italy claims 1 billion euros in unpaid taxes from Google
Italy is seeking 1 billion euros ($1.07 billion) from Google in unpaid taxes and penalties, according to three sources familiar…
European shares gain, Aussie jumps, yen teeters near 160
European stock markets saw gains on Wednesday, boosted by a rebound in Nvidia shares and a broadly positive risk sentiment…
Singapore port congestion shows global ripple impact of Red Sea attacks
Singapore’s container port is experiencing its worst congestion since the COVID-19 pandemic, largely due to prolonged vessel re-routing to avoid…
Volkswagen Recalls Over 271,000 Vehicles in the U.S. Due to Potential Air Bag Fault
Volkswagen is recalling more than 271,000 vehicles in the United States because of a potential wiring fault that may deactivate…
Exclusive: UBS urges Swiss government to clarify capital demands, sources say
UBS is pressing the Swiss government to clarify additional capital buffer requirements following its acquisition of Credit Suisse. The bank…
Novo Nordisk’s Weight-Loss Drug Wegovy Approved in China
Novo Nordisk announced that its popular weight-loss drug, Wegovy, has been approved for use in China, the world’s second-largest economy…
European stocks fall as Nvidia slump hits tech sector
European stocks fell on Tuesday following a significant 7% drop in chipmaker Nvidia, which had a ripple effect on U.S.…
Headline: China Defends Against Accusations of Unfair Subsidies and Trade Practices
China’s Premier Li Qiang pushed back against accusations from the U.S. and EU at a World Economic Forum meeting in…
Nasdaq futures rise as Nvidia stabilizes after AI stocks rout
Nasdaq futures saw an uptick on Tuesday as AI-related stocks, including Nvidia, rebounded from recent losses, prompting investors to await…
Bank of Japan opens door for a hawkish double surprise
The Bank of Japan (BOJ) is signaling a potentially larger quantitative tightening (QT) plan in July, accompanied by a possible…
US prosecutors recommend Justice Dept. criminally charge Boeing
U.S. prosecutors are urging the Justice Department to bring criminal charges against Boeing, alleging the company breached a 2021 settlement…
Apple’s App Store rules breach EU tech rules, EU regulators say
The EU has charged Apple with breaching tech rules by preventing app developers from steering consumers to alternative offers. This…
Deadly Fire at South Korean Lithium Battery Plant
A fire broke out at a lithium battery manufacturing plant in Hwaseong, South Korea, on Monday, resulting in multiple fatalities.…
China asks Visa, Mastercard to cut card fees, Bloomberg News reports
China is advocating for Visa and Mastercard to decrease their bank card transaction fees in the country, aiming to boost…
Chinese automakers retain grip over Southeast Asia’s booming electric car market
Electric vehicle (EV) sales in Southeast Asia have more than doubled in the January to March quarter compared to the…
JPMorgan wealth head sees China’s economic outlook improving
Mary Erdoes, CEO of asset and wealth management at JPMorgan Chase, expressed optimism about the bank’s business prospects in China…
Toyota Reveals 2025 Crown Signia
Toyota has introduced the 2025 Toyota Crown Signia, a new addition to the Crown family that promises “effortless elegance” and…
Swiss National Bank Calls for Stronger Financial Regulations Post Credit Suisse Collapse
Switzerland’s financial regulations need strengthening after UBS’s takeover of Credit Suisse, according to the Swiss National Bank (SNB). The SNB…
Honeywell to buy aerospace and defense firm CAES Systems for $1.9 bln
Honeywell has agreed to purchase aerospace and defense technology firm CAES Systems from Advent International for $1.9 billion in an…
WestJet Works to Resume Normal Operations After Union Rescinds Strike Notice
WestJet Airlines is working to return to normal operations following the rescindment of a strike notice by the union representing…
Guzman Y Gomez surges 37% in hottest Australian IPO in three years
Guzman Y Gomez (GYG.AX), a Mexican food chain, delivered Australia’s best initial public offering (IPO) debut in three years, with…
Citigroup Eyes European Expansion Despite Political Instability
Citigroup (C.N) is poised to expand its business in Europe despite the continent’s political volatility, which has deterred investors, according…
U.S President allows legal status for 500,000 illegal immigrants married to its citizens
President Biden has granted legal status and a streamlined pathway to U.S. residency and citizenship for about half a million…
Shell to acquire Singaporean LNG firm Pavilion Energy from Temasek
Shell has announced its acquisition of Singaporean LNG company Pavilion Energy from Temasek, aiming to bolster its leadership in the…
NATO targets AI, robots and space tech in $1.1 billion fund
The NATO Innovation Fund (NIF) has confirmed its first investments, allocating part of its €1 billion fund to four European…
Toyota Re-elects Chairman Akio Toyoda despite certification scandals
Toyota’s Chairman Akio Toyoda, along with nine other board members, was re-elected at the automaker’s annual general meeting on Tuesday.…
AfDB to match Italy’s $150m concessional loans for Africa
The African Development Bank (AfDB) has announced its commitment to match the $150 million in concessional loans and grants from…
China’s factory output disappoints, property sector stuck in doldrums
China’s economic data for May revealed a mixed picture, with industrial output growth slowing to 5.6% year-on-year, below expectations, while…
Morning Bid: Buoyant US eyes French angst, China home woes
Wall Street stocks and bonds maintained stability following a dynamic macroeconomic week, despite concerns over French political instability and a…