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Middle East
NATO announces $50 billion worth of arms deals at Ankara Leaders' Meeting
Defense companies from NATO member countries gathered in Ankara for an industry forum held in conjunction with the annual summit of the alliance. Officials touted over $50 'billion worth of defence procurement and industrial deals as allies tried to demonstrate their commitment?to bolstering a military budget. Some announcements are based on firm contracts or procurement plans while others are'subject to further negotiation, approvals, or future developments. These agreements are made as European allies continue to be under pressure from U.S. president Donald Trump, who wants them to shoulder more of the defence burden for their alliance. Here are some of
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Transportation
US power companies scramble for equipment to meet the surge in demand from data centers
The demand for critical grid equipment, such as transformers, is increasing across the U.S. This has led to a shortage of these items, which in turn increases costs and delays, and forces utilities and developers into placing orders well in advance. Transformers - which are used to increase or decrease electricity voltage - have been in short supply for the past five years, when demand started to rise faster than supply because of COVID-19 related lockdowns. Experts say that the rapid expansion of AI infrastructure is further reducing supplies. The lead times, which is the time between an order and
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Wall St. falls after Trump's Iran remarks ruffle investors; Broadcom gains
Wall Street's major indexes dropped on Wednesday, after President Donald Trump declared that an interim agreement aimed at ending a?war against Iran was "over." Broadcom led the gains among recently battered chips stocks. At the NATO summit, Trump said that he was not interested in continuing talks with Iran. He also warned that Washington would likely carry out more strikes on Wednesday evening. His remarks marked the latest setback of the back-and forth in negotiations that have oscillated between threats of escalation, and hopes for diplomacy. Investors were caught off guard by several false begins toward a peace agreement. Broadcom...
Passenger Transportation Services
Airbus sales rise by 15% in the first half to 351 units
Airbus said that it delivered 351 planes in the first half of this year, up around 15% from the 306 aircraft in the same period in 2025. The company had handed over 89 jets to customers in June. Analysts estimate that Airbus will be able to meet its full-year goal of 870 deliveries if the figures 'confirm' a previous report. On Monday, it was reported that the?largest aircraft manufacturer in the world is?increasingly?confident? of reaching a goal of 900 deliveries without changing its official guidance. Airbus has had a difficult time overcoming supply chain issues. While engine availability is improving,...
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Wall St. falls after Trump's Iran remarks weigh down on markets
Wall Street's major indexes dropped on Wednesday, after President Donald Trump declared that an interim agreement aimed at ending a?war against Iran was "over," and gains in Broadcom provided some respite for the recently battered-down chip stock. Trump stated that he has no desire to engage Iran further. He warned Iran of additional strikes that Washington would likely make on Wednesday night. Trump's comments marked the latest twist in a conflict that has seen rhetoric between the U.S., Iran and other countries swinging back and forth between military escalation or diplomacy. Investors have been caught off guard by false dawns,...
Passenger Transportation Services
There are some flights to the Middle East that have resumed but there is still disruption.
Some airlines have maintained their suspensions, while others are increasing the number of flights they offer to certain parts of the Middle East. The following is a list of the alphabetical status updates for airlines flights: AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Dubai and Erbil until September 30. AIRBALTIC The cancellation of flights to Dubai is effective until October 24. AIR CANADA Canadian Airlines has cancelled all flights to Tel Aviv, Dubai and Abu Dhabi until October 24. AIR FRANCE-KLM Air France has suspended flights to Beirut until July 20. Air France resumed flights to...
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Air Canada hires the top boss of Scandinavian Airlines to be CEO
Anko van 'der Werff will replace Michael Rousseau, the CEO of Canada's largest airline, Air - Canada, as its new CEO. This announcement ends months of speculation about leadership. The search for Rousseau's replacement was concluded by the appointment. In March, he announced that he would be retiring after 19 years with?the airline. Rousseau was criticized earlier this year for failing to express condolences after a crash that claimed the lives of two pilots. Van der Werff will join Air Canada by the end of January, 2027. The?airline announced that SAS, which is a part-owned company of?Air France KLM, would...
Passenger Transportation Services
Jet2 bookings for summer surge despite Middle East uncertainty
British travel company Jet2 announced on Wednesday that customers were now more likely to book holidays after delaying bookings due to the Middle East conflict. Summer passengers booked to date are up 7.1% and its shares have risen by 16%. Global aviation and leisure industries have been struggling with high costs and low consumer confidence due to the Iran War. Jet2 however, said that booking trends improved over recent weeks because of a reduction in geopolitical uncertainties. Steve Heapy, the Chief Executive of the company, said that the demand for travel had increased following the "calming down" in the Gulf....
Passenger Transportation Services
Pakistani rescuers search for missing cargo plane off the coast of Karachi
Pakistani rescuers searched the waters around the suspected crash site of a Boeing cargo aircraft on Wednesday. The plane had lost contact with the air traffic controller on its way to Karachi, with five crew on board. Shehbaz sharif, the Prime Minister of Pakistan, has ordered authorities to accelerate search and rescue efforts for a 27-year old converted freighter that went missing after reporting navigational problems in the Arabian Sea. K2 Airways, which operated the plane, reported that the crew consisted of two pilots and two?engineers, as well as one support staffer. The authorities have not made an official announcement...
Passenger Transportation Services
Ryanair loses EU Court appeals against Italy’s COVID assistance to airlines
The General Court of the European Union dismissed on Wednesday appeals filed by Irish low-cost carrier?Ryanair?against a?Italian?state aid program approved to support airlines in the COVID epidemic. The court found that the scheme of aid consisting of the subsidies paid by Italy by airlines affected by 'COVID-19 crises was compliant with EU Law, insofar it did not violate the principle of nondiscrimination or the principles of freedom of providing'services and freedom of establishment. The budget airline brought the case because it wanted to cancel a 2020 aid scheme set up by Italy. It was intended to help airlines that are...
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US airline fuel costs rose by $3 billion to $1.5 billion in May
Fuel costs in the?U.S. Fuel costs for?U.S. In May 2025, airlines spent $3.62 Billion on fuel, compared to $6.66 Billion in the same month of this year. USDOT said that the cost of fuel per gallon in May was $4.09 - up $1.88 from May 2025. In recent weeks, jet fuel prices have dropped sharply as tensions between Iran and the United States eased. Fuel prices in April rose by 80%, to $6.5 billion. The price of jet fuel is?down by around 40% compared to their April highs, but the oil price rose on Tuesday more than 2% after reports...
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Canada - 7 July
These are some of the most popular stories in selected Canadian newspapers. The?newspapers have not?verified?all of these stories and?doesn't?vouch? for their accuracy. THE GLOBE AND MAIL BP agreed to sell its share in the Bay du 'Nord offshore project in Canada to partner 'Equinor, as the British energy giant sharpens its focus on opportunities with higher returns. The federal government will invest hundreds of millions of dollars in the 'Teck Resources' trail metals complex in British Columbia in order to increase production of germanium. This is part of a move to strengthen North American supplies of defence metallurgy. Air Canada...
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French and Benelux stocks: Factors to watch
Here are some company news and stories that could have an impact on individual stocks or the markets in?France or Benelux. French airline 'Air - France' has extended the suspension of flights to Beirut to July 20, and suspended flights from Dubai to July 6. Flights to Riyadh, Tel -Aviv and Riyadh have been resumed. EIFFAGE: French group Eiffage has acquired 80% of the construction businesses of 'Baatz Group in Luxembourg. This business generated EUR142 million revenue by 2025. EPC Groupe: French construction company EPC Groupe has won a contract for underground work as part of "a hydroelectric project" in...
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S&P 500 and Nasdaq end sharply higher after Broadcom rally
Broadcom - and other chip stocks - rallied on Monday as investors 'bought shares of companies that are related to artificial intelligence, which?are hoped to drive a robust second quarter earnings season. Broadcom's stock jumped when Apple and the chipmaker agreed to extend their agreement through 2031 for the development and supply of a range custom chips. After two consecutive sessions of losses, the Philadelphia SE Semiconductor Index gained. This is a market where a lot people are left out. Jake Dollarhide is the chief executive officer at Longbow Asset Management, located in Tulsa. He said that if you are...
Ground Transportation
Amtrak, the US passenger rail company, sets a record for ridership and cuts losses
Amtrak, the U.S. passenger rail company, said Tuesday that it had set records for revenue and ridership in a single year. It also cut its losses by 15 percent to $598 millions and is aiming for profitability by 2028. Amtrak is a major effort in rehabilitating the infrastructure of the Northeast corridor between Boston, Massachusetts and Washington. It is expanding service throughout the United States by purchasing new Acela trains with higher speeds and replacing regional trains from next year. Amtrak reported that in the twelve months ending September 30, it had 34,5 million trips made by customers, an increase...
Whaleboat sinks into river in Congo, killing at least 107 people
According to a government internal report viewed by us on Friday, at least 107 people died when a whaleboat caught blaze in the west of Democratic Republic of Congo. In a memo, the Ministry of Social Affairs stated that 146 people were missing after the boat, which was a narrow double-ended open vessel, caught fire near Malange Village in Lukolela Territory on Thursday night. The note stated that rescue teams recovered 209 survivors after the vessel burnt and drifted downriver. The fire destroyed the cargo and 15 riverside houses. The search operations continued Friday, with community volunteers and naval personnel...
As inventories shrink, premiums for copper contracts on the nearby LME soar.
The premiums for copper contracts near London Metal Exchange have increased to their highest level since October 2022 due to low inventories, large cash contracts and warrants held by traders. The title document that confers ownership on metal is a warrant. Tom-next, also known as the premium or backwardation that is charged for purchasing copper tomorrow and then selling it the next day, is currently trading at above The price of a metric tonne is $48. This compares to a $2 discount at the beginning of the week. The premium for the cash Copper Contract over the Three-Month Forward It...