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ATLANTA — Delta Air Lines reported stronger than expected third quarter earnings on Thursday, signaling renewed strength in air travel demand and improved corporate bookings after a challenging start to the year. The carrier’s chief executive, Ed Bastian, said the airline’s “significant improvement” in revenue outlook positions it for one of its most profitable fourth … Read more
European stocks opened lower Thursday, retreating from Recent Record High, as investors weighed the risk of a market correction and sought safer assets amid global uncertainty. Gold remained above $4,000 for the first time, reflecting heightened demand for safe haven assets amid a weaker dollar and geopolitical tensions. Wall Street hit fresh record highs in … Read more
Washington — The United States government has approved several billion dollars worth of Nvidia chip exports to the United Arab Emirates, according to a report by Bloomberg News on Wednesday. The export licenses, issued by the Commerce Department’s Bureau of Industry and Security, were granted under the terms of a bilateral artificial intelligence agreement finalized … Read more
WASHINGTON — The global economy has shown stronger than expected resilience despite a series of shocks over recent years, International Monetary Fund Managing Director Kristalina Georgieva said Wednesday, forecasting only a modest slowdown in growth through 2026. Speaking ahead of the IMF and World Bank annual meetings in Washington, Georgieva said the world economy is … Read more
BRUSSELS — US technology giant Amazon plans to invest 1 billion euros ($1.16 billion) in Belgium between 2025 and 2027 to expand its infrastructure, enhance supply chains, and strengthen partnerships with local firms, Belgian newspaper L’Echo reported Wednesday. The investment marks one of Amazon’s largest commitments in Belgium to date, aimed at enabling same day … Read more
Boeing Co. is poised to secure conditional approval from the European Union for its $4.7 billion acquisition of Spirit AeroSystems, according to people familiar with the matter. The deal, which aims to strengthen Boeing’s control over its supply chain and improve quality oversight, is expected to be cleared with commitments to sell certain Spirit operations … Read more
Shares of Trilogy Metals surged more than 220% in premarket trading Tuesday after the US government announced a 10% stake in the Canadian minerals explorer, marking a significant move in Washington’s efforts to secure domestic sources of critical minerals. The White House said late Monday it will invest $35.6 million in Trilogy Metals to support … Read more
Oil prices climbed for a second consecutive session on Tuesday after OPEC+ announced a smaller than expected production increase for November, easing investor concerns over a potential supply glut. The restrained output decision suggests the coalition remains wary of oversupplying the global market amid mixed economic signals and ongoing geopolitical tensions. By 0623 GMT, Brent … Read more
TOKYO — Microsoft Corp. has entered a new solar deal in Japan, purchasing 100 megawatts of capacity from local developer Shizen Energy to supply its growing data center operations with clean power. Announced late last week, the 20 year agreement covers four solar projects across Japan one already operational and three under construction. The deal … Read more
NEW YORK — Verizon Communications on Monday named Dan Schulman, the former chief executive officer of PayPal, as its new CEO, replacing Hans Vestberg in a leadership transition designed to steer the telecommunications giant through a period of slowing growth and rising competition in the US wireless market. The move marks one of the most … Read more
