These are some of the most popular stories in selected Canadian newspapers. The?top stories from selected?Canadian newspapers are listed below. The GLOBE and MAIL – Zijin Gold & Allied Gold abandoned a C$5.5 billion (3.90 billion) buyout? of the Canadian miner. Instead, the?Chinese firm took a 9.2% stake? for around $295 million. Dominic LeBlanc, Canada-U.S. trade minister is back in Washington this Week as Ottawa seeks to avoid the imposition on punishing new tariffs for August 19, and advance broader trade negotiations. Apotex Health is the sole manufacturer of generic Ozempic in Canada for the next few months after a...

Frontier Airlines, a low-cost carrier, forecasted third-quarter earnings that were above Wall Street expectations on Wednesday. The airline attributed this to higher airfares as well as strong demand following the exit of its competitor Spirit. In premarket trading, the company's shares were up 2.4%. The uncertainty surrounding the Middle East war has made it difficult for airlines forecasting earnings and jet fuel prices, which make up roughly one-fourth of their operating costs. Frontier Airlines' exit from its closest rival Spirit Airlines allowed it to increase fares faster and limit the impact a ballooning fuel cost had on its margins. U.S....

US-Bangla Airlines plans to acquire 21 Boeing aircraft for $1.5 billion in order to expand its international network. The 'order,' announced at the "Beyond with Boeing", event in Dhaka includes 15 Boeing 737-8s and six Boeing 737-8s with deliveries planned by the end 2027. Bangladesh's air travel industry generates an estimated $5.8billion annually. However, foreign airlines transport the majority of passengers, leading to a significant loss of foreign currency. Bangladesh, in an effort to address the problem and boost trade with the United States, agreed to purchase 14 'Boeing' aircraft valued at $3.7 billion. US-Bangla Airlines stated that the deal...

Early earnings reports show that travel companies, including hotel chains and cruise operators, relied on the resilient U.S. leisure and business demand. They also benefited from a temporary boost from World Cup to offset the effects of the Middle East war. Fuel costs have increased and international travel has been disrupted by the?conflict. However, earnings reports released on Tuesday indicate that many consumers are not deterred by economic uncertainty or higher travel costs. The founder of GetCruiseInfo.com, Brian Rooney, said that "JetBlue Hilton and Royal Caribbean have all shown continued strength with higher-valued products. This suggests that travelers still prioritize...

Aena, the Spanish airport operator, raised its forecast for 2026 passenger traffic growth to 3% on 'Wednesday. This was due to higher first-half profits and a surge in tourist arrivals as Middle East unrest diverted travelers to destinations along the southern Mediterranean. Aena predicted a 1.3% annual passenger traffic increase for 2026, up from 3.9% in 2017. Aena released a statement that said, "Since the beginning of (Strait of Hormuz), we have observed an increase in travel demand to Spain. It is perceived as being a safe destination for tourists." In the first six months of this year, the company's...

Portugal will?receive binding offers on Wednesday from 'Air - France-KLM and Lufthansa to acquire a minority stake of TAP. This is the beginning of the final battle over one Europe's last remaining independent flag carriers. Lisbon has relaunched the long-delayed TAP privatisation, with a view to selling a 44.9% share to a strategic partner that can boost TAP's global reach and competitiveness. TAP should be part of an airline group. The government says that EU rules on state aid prevent the company from receiving further public funding, leaving it vulnerable to global shocks in future. Air France-KLM and Lufthansa were...

As cross-border ecommerce loses steam, the global race to develop artificial intelligence is changing Asia's air freight map. Airlines are redesigning their networks to focus on growing semiconductor manufacturing centers. Airlines and logistics companies claim that unlike the parcel boom following the pandemic, the 'demand for AI infrastructure' is backed by multi-year orders of advanced memory chips and processing units and hundreds of millions of dollars in?planned? investment into data centres. Moreover, the tighter import regulations in the U.S.A. and Europe that have been affecting the recent growth of the e-commerce industry are dampening it. When Xeneta's freight analytics company...

American Airlines and its regional carriers resumed flights on Tuesday evening after a short nationwide suspension of departures due to an IT problem, the airline announced. Federal Aviation Administration (FAA) issued a ground-stop for American Airlines flight due to an IT outage which began around 6:30 pm. ET (2230 GMT), and was cancelled at 7:18 pm. The issue caused hundreds of delays as planes couldn't leave until it was resolved. This happened at a time when many U.S. East Coast airports were experiencing major delays and ground stoppages due to thunderstorms. American Airlines said in a press release that "systems...

Early earnings reports show how travel companies, from hotel chains and cruise operators, have relied upon resilient business demand from Americans as well as a short-term boost provided by the World Cup to offset the effects of the Middle East war. Fuel costs have increased and international travel has been disrupted by the conflict. However, earnings reports released on Tuesday indicate that many consumers are not deterred by economic uncertainty or higher travel costs. The founder of GetCruiseInfo.com, Brian Rooney, said that "JetBlue Hilton and Royal Caribbean have all shown continued strength with higher-valued products. This suggests that travelers still...

Boeing reported on Tuesday a higher-than-expected quarter loss, after taking a charge of $280 million on its troubled Air Force One Replacement Program. However, the company's turnaround plans have gained momentum. It took on the cost to deliver the two U.S. Presidential planes that were delayed in 2028. This contributed to a net loss of $428 million for the second quarter. According to LSEG, the core loss per share was 76 cents. This is a lower figure than the 30 cents analysts expected, but still higher than the $1.24 core loss per shares in the same time period last year....

Airbus has completed a marathon flight lasting more than 24 hours. The A350 jet, which is being 'developed for record-beating commercial flights' touched down in France on Tuesday. The test is a crucial step in Qantas Project Sunrise. It aims to launch one of the longest commercial passenger flights and revolutionize long-haul travel, by eliminating stopovers from Australia to Europe. The A350-1000ULR, specially adapted for the Australian airline's Sydney-London nonstop route is due to debut in 2027. Airbus has been testing the aircraft for two months since June. Airbus said the aircraft, which has a specially-designed extra fuel tank, was...

Boeing reported on Tuesday a larger than expected quarterly loss after taking a $280-million charge on its troubled Air Force One Replacement Program, but it generated positive free cash flow due to the progress of its turnaround plans. It took a 'charge' due to higher engineering cost to ensure that it delivered the two delayed U.S. Presidential plane replacements by 2028. This contributed to a net loss of $428 million for the second quarter. According to LSEG, the core loss per shares of 76 cents is worse than analysts' average expected loss of 30 cents per share, but narrower than...