Britain’s economy showed a stronger-than-expected rebound from recession in the first quarter of this year, according to revised data released on Friday by the Office for National Statistics. Gross domestic product (GDP)
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Italian Prime Minister Giorgia Meloni criticized plans on Wednesday to distribute the top jobs in EU institutions, arguing they neglected the recent successes of rightwing parties in the European Parliament elections. Sources
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Qatar Airways in Talks to Acquire 20% Stake in Virgin Australia Amid Market Share Battle with Qantas
Qatar Airways is in discussions to acquire up to a 20% stake in Virgin Australia, which is currently owned by Bain Capital. This development was reported by the Australian Financial Review (AFR)
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Crude oil prices remained stable on Tuesday as investors closely watched summer driving demand and anticipated U.S. inflation data expected later in the week. By 10:52 a.m. ET (1452 GMT), Brent futures
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British supermarket group Morrisons announced on Tuesday that its new CEO’s initiatives to enhance price competitiveness and develop a loyalty program are yielding positive results, as evidenced by a 4.1% increase in
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Following UBS‘s takeover of Credit Suisse last year, global banks are expanding in Switzerland to capitalize on companies’ desire to diversify their banking relationships. Major players such as France’s BNP Paribas, Deutsche
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Germany’s Covestro announced on Monday that it is intensifying discussions with ADNOC after the Emirati energy company raised its takeover bid to 11.7 billion euros ($12.5 billion). Covestro, a producer of plastics
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U.S. Treasury Nets $556.7 Million from Auction of Airline Warrants Acquired During COVID-19 Bailouts
The U.S. Treasury Department announced on Friday it received $556.7 million from auctions selling warrants in 11 major U.S. airlines. These warrants were given to the government in exchange for COVID-19 assistance
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Britain’s financial technology firm Revolut might be valued at over $40 billion in an upcoming share sale, despite still awaiting a UK banking licence, according to sources familiar with the situation. The
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The U.S. Treasury Department announced on Friday that it received $556.7 million from auctions selling warrants in 11 major U.S. airlines. These warrants were received in exchange for COVID-19 assistance provided to
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