Europe

These are the most popular?stories from the Wall Street Journal. These?stories have not been verified and we cannot?guarantee?their accuracy. Apple is negotiating new deals with publishers in order to use their content for delivering current news and information as part of its effort to improve Siri, the voice assistant powered by AI. Federal aviation officials plan to relocate air-traffic-control antennas and implement new procedures in order to prevent a repeat of the?safety accident with Marine One last week near a busy Washington D.C. airport. As part of discussions on reworking the U.S., Mexico-Canada Agreement, the Mexican government has pushed the...

Air Canada announced on Wednesday that it expects 'one of its strongest fall seasons ever, thanks to corporate travel. Despite cost pressures, the airline set its latest core profit target for this year below analyst expectations. Air Canada's shares rose 14% during morning trading following an agreement by funds to acquire a minority stake of its loyalty program Aeroplan. Canada's largest airline restored its annual core profits target on Tuesday. However, it was at a lower level compared to its previous suspended outlook due to the volatility of the U.S./Israeli war against Iran. Mark Galardo, Air Canada's Chief Commercial Officer,...

The SNPC and FO trade unions announced on Wednesday that EasyJet 'flight attendants in France' will go on strike August 15-16 to demand better conditions. The statement stated that talks between a group of unions and the company regarding working conditions failed to produce any results. EasyJet is solely responsible for any flight cancellations or disruptions that result from these days. The company has refused to respond seriously to repeated warnings by trade unions in the past few months. A request for comment from a spokesperson?for?easyJet was not immediately responded to. The London-listed carrier is being purchased by the investment...

London, 12 August - Europe's largest travel company TUI missed its third-quarter operating profit expectations on Wednesday as bookings dropped and the price of jet fuel remained high due to a U.S.-Iran war. TUI's operating profit was EUR234.6m ($270.6m), down 27% compared to last year, and below the EUR274m projected by LSEG analysts. Europe's airlines have warned that booking windows are being shortened as travellers hesitate to book their holidays due to ongoing uncertainty linked to the Iran War. IAG, Lufthansa, and Air France-KLM are among the major?carriers that have announced they will either cut capacity or keep it flat...

Ryanair announced on Wednesday that it will 'deploy Google Gemini AI tools, and DeepMind models throughout its operations as part of a five-year cloud partnership. The technology is used to help manage crew scheduling and make operational decisions. Ryanair, Europe’s largest airline based on passenger numbers, announced that it would offer Alphabet’s Google Workspace services and Google Cloud to 35,000 of its employees. This will support its efforts toward a goal to?carry 300 million passengers per year by 2034. Eddie Wilson, Ryanair's CEO, said: "To support our growth, we must ensure that we have excellent infrastructure reliability. Our new dual-cloud...

On?Tuesday an ash cloud from Sicily’s Mount Etna volcanic eruption drifted over?Malta, forcing some airlines to cancel flights to the Mediterranean Island at the height tourism season. Malta International Airport posted a message on Facebook saying that "we're experiencing flight delays due to volcanic ash clouds" over the Maltese Islands, following recent activity at Mount Etna. A spokesperson stated that 19 flights were cancelled by mid-afternoon Tuesday, and a number of?other flights?were significantly delayed. Malta Airport is located 220 kilometers (140 miles), south of Mount Etna. Mount Etna is the most active volcanic mountain in Europe. It erupted again last...

The Latvian state-controlled carrier airBaltic has asked bondholders to allow it to secure EUR225m interim financing in order for the airline's near-term liquidity requirements. It is doing this as a way of securing its finances and avoiding default. The company stated that the plan was to "strengthen the airline on a long-term basis". It added that the flight schedule would be maintained as usual. According to airBaltic, Lufthansa has a 10% share in the company. The proposal is dependent on bondholder approvals and other approvals. The company also said that it proposed a permanent funding package, which "contemplates", the?bondholders converting...

A source with first-hand knowledge of the situation said that India's civil aviation minister summoned Air India CEO Campbell Wilson after a flight from Phuket to Delhi suddenly dropped 300 feet in altitude. Air India and the Minister's Office did not respond immediately to'requests for comment. The Indian authorities launched an investigation days before the government's move. Air India reported that the flight from the 'Thai tourist town experienced a'momentary elevation variation' while flying over Odisha in eastern India, resulting in injuries for 13 passengers and four crew members. The aircraft carrying 137 passengers and eight crew members safely landed...

Airbus, a European planemaker, announced on Monday that it would'send specialists to help aide in the investigation of a sudden loss of altitude by an 'Air India - Airbus aircraft during a flight last Thursday. Air India A320?VT-EXO operating flight AI2379, from Phuket to Delhi, lost a sudden 300 feet during cruise. The aircraft then stabilized and safely landed in Delhi. On the same day, the Indian government launched an investigation into the incident. They also said that they had obtained the flight data recorder and cockpit voice recorder of the aircraft for analysis. Eight passengers and four crew members...

Ukraine's?agriculture ministry told? On Monday, Ukraine's?agriculture minister? cited?Russian strikes? on the southern Odesa hub of the country. Taras Vysotskyi, the first official forecaster of exports since the Russian attack in late July that effectively stopped shipments out of Odesa port, which are crucial to Ukraine and global agriculture market. Before the increase, the ministry had forecasted exports at 43 million tonnes for this season. In recent weeks, Russia has attacked Ukrainian Black Sea port terminals, vessels that enter and leave the ports on a daily basis and their export terminals. The lower grain forecast highlights?the damage?attacks are inflicting? on a...

SAC, the operator of Catania airport in eastern Sicily, said that flights arriving there were suspended until 1500 GMT Monday after volcanic ash drifted from Mount Etna's newest eruption into the airspace surrounding the airport. Etna is the most active volcano in the world and it frequently causes disruptions to air traffic at Catania airport, Italy's 5th busiest airport by passenger traffic. SAC issued a statement Monday saying that "as the situation significantly affects operations, passengers should check with their airline the status of their flight before going to the airport". It added that the situation was constantly being monitored...

China is exporting its way out of an internal slump, causing what many Western governments refer to as a "second China shock." This strategy may be causing trade wars overseas, but it also creates a whole new group of potential domestic beneficiaries. In recent months, the dichotomy of China's robust export sector and its flagging economy was on full display. China's export?growth was 24% on a year-over-year basis in July, and it posted a $113 Billion trade surplus. This follows similar figures in June. It is now on track to achieve another trillion-dollar surplus by 2026. It recorded a disappointing...

On Tuesday, Latvia announced that a tunnel was discovered 'under the border of Belarus. It also announced plans to combat the networks which it claims are helping an increasing number of migrants cross the border 'illegally. Last month, Latvian soldiers fired a warning shot and used teargas to deter migrants from entering the country through Belarus. Belarus shares a 173 km (107 mile) border with Latvia. Interior Minister Janis Dombrava said at a press conference held jointly with Prime Minister Andris Kubergs that "the protection of Latvia's east border will be enhanced, through closer cooperation between Border Guard, State Police...

Alexander Gusev said that a drone attack killed a person and injured two others overnight in the Voronezh region of 'Russia. Gusev, a Telegram user, said that Russia's air defense units destroyed 15 drones in the area of Voronezh. "A drone crashed caused fires in two warehouses of a large company. The fire at one warehouse has been contained within an area of 16 square meters. At the other, a fire covering 20,000 square metres is currently being put out. "Emergency Services are on the scene," said?the governor. He didn't identify the company that was affected. On?Tuesday?, Russian online retailer...

According to a Monday letter published by the 'Russian Central Bank,' creditors are advised to assist businesses that have been affected by Ukrainian drone attacks on warehousing and logistics centres. Ukraine has?attacked at least 20 warehouses owned by Russian ecommerce retailer Wildberries since July 18. In a letter, the regulator stated that "small and medium-sized businesses who have suffered due to terrorist attacks on warehouses, manufacturing plants, retail, offices, and other premises can apply for restructured loans." Sberbank, VTB and Wildberries Bank, which is owned by the retailer, have all announced that they are ready to help?businesses. Sergei Melamed, senior...

The new German transport minister has said he wants to tie bonuses to the struggling national 'rail operator' meeting government targets. In an interview with 'newspaper Bild am Sonntag published on Sunday, Steffen Bielger said: "It would have a tangible impact on bonuses paid to managers at Deutsche Bahn if the government targets are not met." Transport experts believe that the problems of Deutsche Bahn are due to decades of 'underinvestment' in infrastructure despite an increase in rail usage, as well as 'its status as a JSC aiming to make a profit while providing a public service. Bilger, who was...

Shipping data revealed on Monday that two tankers?laden with Saudi oil? crossed the Bab el-Mandeb strait at the weekend. Traffic in the Strait of Hormuz slowed after reports of vessel attack. Kpler data shows that the number of cargo vessels passing through the Bab el-Mandeb strait dropped to 18 on Sunday from 27 on Friday and 28 on Saturday. On July 20, the Iran-aligned Houthis announced a?maritime embargo against Saudi Arabia, opening a new battlefront against the U.S. The data shows that the Suezmax tanker Lesvos, and the Very Large Crude Carrier Desh Vaibhav left the Red Sea without their...

Azerbaijan's government expects the freight volume along the "Middle Corridor", a trade route, to rise 17% this year to 5.5 million tons before rising to 7 million tons in 2027. The Trans-Caspian International Transport Route, also known by the name of the corridor, connects China to European countries via Kazakhstan and Azerbaijan. It also passes through Georgia, Turkey, and Georgia. Containers containing clothing, electronics, and other consumer products, as well grain, coal, ore and fertilisers are transported along this route. The corridor, with its annual capacity of over 15 million tons is still a tiny part of the rail traffic...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. 74SOFTWARE, a software company, reported a first-half operating profit of EUR43.9 mln ($49.94 mln) on Thursday. The company also raised its revenue growth and margin forecast for the full year. AKWEL On Thursday, the automotive component supplier reported a -18.7% decline in revenue for the first half to EUR415 millions and confirmed its outlook through 2026. ARAMIS GROUP On Thursday, the used car retailer reported a third-quarter revenue totaling EUR 559.2 million. It also confirmed its 2026 goals. ARGAN/WDP: The...

Volodymyr Zelenskiy, Ukrainian president, said that the U.S. aerospace company Raytheon expressed interest in a joint production of Patriot interceptors. Kyiv is seeking to strengthen air defences as it tries to counter escalating Russian missile attacks. Zelenskiy said on X that he was grateful for the willingness of the company to take our partnership to a?higher level. This would allow Ukraine to co-produce with RTX some of the most important air defense assets –?Patriot interceptors. Ukraine has?asked for help? from its Western partners to build up interceptors that can down Russian ballistic rockets. It also sought agreement on securing an...

Two industry sources reported that commodity trader Glencore will withdraw 30,000 metric tonnes of 'lead' from London Metal Exchange storage warehouses after inventories of the battery metal soared to records. One source and two others familiar with the situation said that Hartree Partners, a fellow trader, also marked metals for delivery from a warehouse by cancelling the lead stocks. The sources did not specify how much lead Hartree cancelled. These withdrawals can create the impression that there is a 'physical demand' for lead when in fact it may be simply being moved between traders or warehouses, rather than actually reaching...

DSV reported a "sharp decline" in its second-quarter cashflow on Wednesday. The disappointment about the company's profit growth and earnings caused shares to fall by 13%. DSV acquired Schenker, a German freight forwarder, last year to become the largest in the world. While planned cost reductions are on track, the deals to sell excess property have not been completed. DSV reported that adjusted free 'cash flow' fell to 786 millions Danish crowns ($120million) from 3.98billion crowns a a year earlier?due a temporary increase in working capital due to higher activity, increasing freight rates and soaring fuel and bunker prices. It...

These are the most popular stories from the Wall Street Journal. The?has not checked these stories or?cannot?guarantee their accuracy. Databricks, a provider of data analytics, has raised a round of strategic funding valued at $188 billion. The U.S. Food and Drug Administration announced that Taco Bell owned by Yum Brands would stop using shredded iceberg sourced from a supplier that has been linked with a parasitic outbreak causing a severe form of diarrhea and vomiting. Honda Motors will stop?the production?of its Prologue SUV, which is sold?in America?this?year. Honda Motors will not cancel sales immediately, but expects to continue them until...

Prologis announced on Wednesday that warehouse landlord Segro had rejected its PS12.6billion ($16.62billion) all-share acquisition proposal. The British firm urged shareholders, to pressure the British board to engage the U.S. Logistics firm. Prologis argued that the FTSE 100 company has traded at a persistent discounted to its net 'asset value. It also faces structural constraints, including limitations on its balance sheet which prevents it from unlocking 'value in its data center development pipeline and artificial intelligence. Prologis urged Segro shareholders to encourage the Segro Board to engage with Prologis in order to present a binding proposal to Segro's shareholders. Segro...