Europe

The global air travel industry is still severely affected by the Iran war, which forced the closures of major Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi. This left tens and thousands of passengers stranded and thousands of flights disrupted. The following is a list of the most recent flights by airline alphabetically: AEGEAN AIRLINES The largest Greek carrier has cancelled flights from Tel Aviv to Baghdad, Erbil, and Beirut through the early morning arrivals on March 25, and flights from Beirut to Erbil. Flights to Dubai, Abu Dhabi and Riyadh are cancelled until evening arrivals on March...

Commercial flights have been grounded in some parts of the Middle East due to an escalating conflict after U.S. and Israeli attacks on Iran. This has left foreigners stranded and prompted governments to plan for repatriation. Here is what the governments have said about plans for repatriation: AUSTRIA Austria’s Foreign Ministry said that it had assisted 117 vulnerable citizens to leave the UAE and Israel through neighbouring countries and had planned for a 170 person?charter flights from Muscat, on March 4, while warning travellers that they would have to take land departures at their own risk. BULGARIA GullivAir and Bulgaria...

On Monday, European shares fell to their lowest level in over two months as the surge in oil prices increased inflation fears. The U.S. - Israeli war against Iran shows no signs of slowing. The pan-European index fell for the third time, falling 2.34% at 585.08 by 810 GMT. Last week, the index dropped 5.5%. This was its worst week for nearly a full year. Oil prices jumped more than 25%, with prices barely above $120 per barrel. Markets were gripped by concerns about?prolonged shipping and supply disruptions? due to an expanding conflict in the Middle East. Iran has named...

Oil prices are surging and the U.S.-Israeli conflict with Iran is intensifying. This has hammered the airline stocks in Asia, putting more pressure on airlines already operating within a tight airspace. Travellers scrambled to avoid the Middle East conflict. Oil prices have risen by 20% on Monday morning, the highest level since July 2022. This is due to fears about a tightening supply and prolonged disruptions in shipments. Stranded passengers are paying huge sums to get out of the Middle East. They have to make last-minute trips to the airport or travel overland to hubs that are less affected. Sometimes...

In recent years, airline pilots have been faced with a growing number of risks. From drone incursions to conflict-induced flight paths, the dangers are increasing. The U.S. and Israeli attacks on Iran have made the skies more dangerous, increasing the pressure for those who fly through them. As a result of the 'outbreak of war' in the Middle East, hundreds of ballistic rockets and attack drones have been launched above some of the busiest airports around the globe. Tehran has retaliated against the U.S., and its allies by hitting airports. Scores of flights were grounded from Dubai to Abu Dhabi....

Qatar Airways will operate a few return flights from Doha, Qatar to Europe this Saturday. However, commercial flights are still suspended due to the U.S. and Israel war on Iran that has closed Qatari airspace. Since the conflict escalated last Thursday, these flights are the first state-owned airlines to leave Doha. They will fly to London, Paris?, Madrid?, Rome?, and Frankfurt. Commercial flights were suspended because of the closure of Qatari Airspace. There was also a lack of air traffic in much of the Gulf region. Dubai, which is the busiest international airport, has been largely closed for the seventh...

Gol's Chief executive announced that the Brazilian airline will be using Rio de Janeiro's Galeao International Airport as its hub to receive the new Airbus A330 900 aircraft joining the fleet. Gol operated Boeing 737s exclusively until now. Celso Ferer, Gol's CEO, said that the new aircraft will be followed by a new route direct between Rio and New York beginning in July. He made this statement at an event in Galeao with Brazil's president Luiz inacio Lula. The firm released a statement later that said, "The merger between two 'key tourism and business centers in South and North America...

According to three manufacturers, shipments of clothing for Zara and Inditex, the owners of Inditex, and other major retailers, are stuck at airports in Bangladesh and India as the Middle East conflict forces airlines like Emirates and Qatar Airways, to cancel flights. South Asia is the clothing manufacturing capital of the world. Fast fashion brands from around to world depend on Bangladesh, India, and Pakistan factories for their constant supply of T-shirts and dresses. "Some of my clothing consignments are stuck at Dhaka Airport," Shovon Islam, the managing director of Sparrow Group's manufacturer, said. Inditex, M&S Next, and Primark, among...

According to sources familiar with plans, Brazilian airline Gol is expected to announce on Friday that the 'Galeao International Airport' in Rio de Janeiro will be the hub for the new Airbus A330900 aircraft joining its fleet. Gol operated only Boeing 737 aircraft up until now. The airline will receive five A330-900s initially, which are wide-body aircraft that can fly routes up to 15 hours long. Between 2026 and 2027, the planes will be gradually integrated into the fleet of the company. Sources said that the new aircraft would be primarily used for long-haul routes in North America and Europe....

Commercial flights have been grounded in some parts of the Middle East due to an escalating conflict after U.S. and Israeli attacks on Iran. This has left foreigners stranded and prompted governments to plan for repatriations. Here is what government officials, airlines and governments have said regarding repatriation plans. AUSTRIA Austria's Foreign Ministry?said that it had helped 117 vulnerable citizens leave the UAE and Israel through neighbouring countries and planned a charter flight for?170 passengers from Muscat on 4 March. It warned, however, that travellers would have to take land departures at their own risk. BULGARIA GullivAir and Bulgaria Air,...

Causeway Capital Management increased its stake in Wizz Air from 4.98% to 5.04%. A regulatory filing was filed on Friday. This puts the activist investor among the top investors of the European budget airline. According to the filing, the investor had increased its stake in Wizz Air from 2.04% to a total of 5.16% on Wednesday. The 'carrier' warned Wednesday that the Middle East conflict would likely reduce its net profit by 50 million euros for fiscal year 2026. This is on top of pressures due to engine groundings, and a softening in demand. Since the conflict began, its shares...

Commercial flights have been grounded in some parts of the Middle East due to an escalating conflict after U.S. and Israeli attacks on Iran. This has left foreigners stranded and prompted governments to plan for repatriation. In alphabetical order, here is what government officials and representatives have said about the repatriation plan: AUSTRIA Austria's Foreign Ministry said that it has helped 117 citizens leave the UAE via Israel and neighbouring countries. It is planning to launch a charter flight for 170 passengers from Muscat, on 4 March. BULGARIA GullivAir and Bulgaria Air, as well as 'the State Aviation Operator', returned...

A customs official stated in a Friday court filing that the U.S. Customs Agency is preparing a system to refund tariffs imposed by President Donald Trump, which were ruled illegal. Brandon Lord, a Customs and Border Protection officer, made the declaration as government lawyers and a federal trade court met to try and hammer out an agreement for the return of $166 billion worth of tariff payments to 330,000 importers. Last month, the Supreme Court ruled that President Donald Trump's tariffs were unconstitutional. The Supreme Court, however, did not specify how tariffs collected should be refunded. This left'small importers' worried...

DHL's chief executive said he would continue to accept delivery orders for the Middle East, but warned that there could be delays. Tobias Meyer, CEO of German logistics group DHL, said that the escalation in the U.S. - Iran war has an impact on the entire region. This includes deliveries to Israel, which are currently being sent via Cyprus. Meyer said that DHL is still committed to its Middle East?investment plan. He said that "these?are long term investments?and are of the opinion the region is still appealing." As the conflict enters its sixth day, logistics and shipping companies face increasing...

The European share market rose on Thursday as the rebound from the previous session gained?steam. Meanwhile, the Middle East conflict remained a cloud over the markets and investors sifted through earnings. By 0949 GMT, the pan-European STOXX 600 was 0.3% higher. The STOXX 600 recovered from some early losses, and built upon Wednesday's gains, the biggest in over three months. It was trying to recover from sharp losses earlier in the week. The banks, which were the epicenter of the recent selloffs, gained about 0.5%. Airlines, on the other hand, had mixed results, with only Air France gaining nearly 1%....

DHL's 2026 outlook is more cautious than analysts' expectations. A 'weak macroeconomic' backdrop weighs heavily on DHL's prospects. The shares of the German logistic group were down 3% at 0919 GMT, and ranked last on the blue-chip index of the country. DHL anticipates that its earnings will exceed 6.2 billion euro ($7.2 billion) this year. This is after it reported an operating profit for '2025 of 6.1 billion euro. According to a consensus provided by the company, EBIT was expected to be slightly lower than analysts' average expectations. Tobias Meyer, CEO of Tobias Meyer Group, said that there is "significant...

European?shares dipped?on Thursday due to a?growing?Middle East Conflict, and a series of patchy corporate results. As of 8:10 AM GMT, the pan-European STOXX 600 index was down by 0.3% to 610.72. On Wednesday, the benchmark index had its best day for'more than three months. It recovered some of the earlier losses. The mining sector was the worst affected, with a decline of 1.5%. The U.S. and Israel war with Iran is now in its sixth day, but there's no quick resolution in sight. Iran launched another barrage of missile attacks on Israel earlier that day. And the U.S. Senate voted...

DHL, the German logistics company, forecast on Thursday a "higher operating income for 2026" that was in line with market expectations despite deteriorating geopolitical conditions. The company expects earnings before interest and taxes to exceed 6.2 billion euros ($7.2 billion) after reporting 6.1 million euros last year. The free cash flow, excluding acquisitions, should be in the range of 3 billion euros. The company provided a consensus that showed both targets were in line with analysts' average predictions. Tobias Meyer, CEO of Tobias Meyer & Co. said that there is "significant geopolitical uncertainty and volatility out there" as was evident...

Friends began texting him to congratulate him the day after the U.S. Supreme Court ruled against the tariffs which had cost Day?Owl, a backpack company owned by Ian Rosenberger, tens and thousands of dollars. He did not share their joy. Rosenberger said, "I can't imagine any way that I could get the?money back." His Pittsburgh-based firm, which had only a few million dollars of sales, probably couldn't afford to pay for attorneys' fees. Around 2,000 companies have filed lawsuits for refunds at the U.S. Court of International Trade. This includes?FedEx?,?Costco?, and L'Oreal?, with many more likely to follow. The Supreme...

Italy's tax authorities announced on Tuesday that they had seized 27,4 million euros ($31.8 million) from two French units of CEVA Logistics. This is a new chapter in investigations into alleged tax fraud, and illegal labor practices. This move, which targets the French multinational known for its partnership in Ferrari's F1 Team, is similar to other actions taken against Italian logistics and delivery companies, such as FedEx, DHL, Amazon, etc. Milan prosecutors accuse CEVA of issuing fake invoices in order to?mask cheap labour, bypassing labour laws and tax laws and avoiding?taxes and social security payments. CEVA Logistics?did not immediately respond?...

Importers are rushing to a U.S. trade court that is little known to get their share of the more than $130 billion of tariff refunds. The court must now decide how to handle what will be an explosion in cases. According to court records, multinationals like FedEx,?L'Oreal, and hundreds of smaller firms have filed around 2,050?lawsuits with the U.S. Court of International Trade, Manhattan, seeking refunds on?tariffs? imposed by President Donald Trump last year. These cases may be just the tip of the iceberg. The tariffs, which were declared illegal by the Supreme Court in February 2018, were levied against...

FedEx was sued in federal court on behalf of customers who were seeking refunds after the U.S. Supreme Court decided this month that President Donald Trump had illegally imposed emergency tariffs worth billions of dollar on imported goods. The proposed class-action in federal court in Miami Florida seeks compensation for potentially millions of shippers that paid import duties and other fees on products they claim?should've entered the United States without duty. FedEx issued a statement Friday saying: "If FedEx receives refunds, we will refund the shippers or consumers who initially incurred these charges." The lawsuit filed on Friday alleged that...

Court filings show that the French beauty group L'Oreal, British vacuum'manufacturer Dyson, and contact 'lens manufacturer Bausch + Lomb are the 'latest' corporations to sue the U.S. government for refunds on tariffs paid as part of President Donald Trump's trade emergency measures. This comes days after the U.S. Supreme Court ruled these duties illegal. These cases were filed in the U.S. Court of International Trade on Monday, joining a long list of prominent companies that have sued since Friday's landmark decision. Sol de Janeiro, a U.S. skincare company and fragrance company and global transportation company FedEx also filed complaints in...

?French beauty company L'Oreal, British vacuum maker Dyson, and contact lens manufacturer?Bausch + Lomb are the 'latest' corporations to file a lawsuit for'refunds' of tariffs paid as part of President Donald Trump's trade emergency measures. This comes days after the U.S. Supreme Court ruled that the duties were illegal. These cases were filed in the U.S. Court of International Trade on Monday, joining a long list of notable companies that have sued following Friday's landmark decision. This week, the global transportation company FedEx as well as U.S. skincare company Sol 'de Janeiro filed complaints. Court documents reveal that more than...