Spanish carrier Air Europa has repaid in advance a €475 million ($505 million) loan granted by Spain’s Strategic Companies Solvency Support Fund (FASEE), which is managed by state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI). SEPI also said that the airline paid the corresponding interest on the EUR 1 billion loan.According…
In its largest carbon removal commitment to date, Google has partnered with Brazilian startup Mombak to finance the restoration of the Amazon rainforest, securing high-quality carbon credits to offset the substantial emissions generated by its energy-intensive data centers.The deal, according to the companies, is expected to offset 200,000 metric tons…
US companies are cutting jobs at the fastest pace in over two decades, with artificial intelligence and cost pressures triggering deep restructuring across industries. Data from Challenger, Gray & Christmas Inc. showed that 153,074 jobs were cut in October, nearly triple the number a year ago. It marked the highest…
Visual messaging app Snapchat’s owner Snap saw its shares soaring by more than 20% during pre-market trading on Thursday after its third quarter earnings results beat Wall Street estimates, while the company also announced a $400 million partnership with Perplexity AI.The company reported adjusted earnings per share of 10 cents,…
Nissan Motor Co. has sold its Yokohama headquarters for 97 billion yen ($630 million) to a consortium led by Taiwanese autoparts maker Minth Group, as part of a wider plan to shore up its finances. According to a Bloomberg exclusive, the move is a strategic step in Nissan’s ongoing restructuring…
BT share price rose modestly after the company published mixed financial results. It jumped by over 2.7%, reaching a high of 185p, its highest level in over a week. It remains 16% below its highest level this year as investors watch the progress of its turnaround.BT Group earnings reportBT Group,…
Japan’s SBI Group, managing over $78.65 billion (¥12.1 trillion) in assets, has deepened its blockchain ambitions through a strategic alliance with Chainlink Labs. The partnership aims to accelerate the adoption of tokenised real-world assets, cross-chain payments, and stablecoin verification across Asia. It also signals how traditional financial institutions are preparing…
Shares of Danish shipping group A.P. Moller-Maersk fell 6% on Thursday after the company delivered a modest third-quarter earnings beat but failed to lift its full-year guidance enough to meet market expectations. The stock was on track for its worst single-day performance since March, reflecting investor disappointment over the group’s…
India’s sugar industry is urging the government to double the sugar export allocation to 2 million metric tons for the new season, citing lower-than-anticipated diversion of sugar for ethanol production that is expected to swell domestic surpluses, industry officials announced on Thursday.The prospect of significantly higher sugar exports from the…
IREN stock price continued its strong rally, reaching a record high as traders waited for its earnings, and the artificial intelligence industry tailwinds gained steam. It jumped to a high of $76, bringing its market capitalization to over $20 billion. It has jumped by over 1,400% from its lowest level…