Boris Pistorius said that Germany is deploying two ships in the Red Sea to prepare for a possible military mission in Strait of Hormuz. After U.S. president Donald Trump signed an agreement with Iran that ended a war which has disrupted the global energy supply, officials from the shipping and insurance industries called for the immediate deployment of mine-clearing ships to the Strait. As we speak, the?minesweeper Fulda is sailing through the Suez Canal to the Red Sea," Pistorius said as he arrived in Brussels for a meeting of his NATO counterparts. Pistorius did not specify a timeline, but said...

Data from a ship tracking system showed that three supertankers flying the Saudi flag with?six millions barrels of crude aboard sailed through 'Strait of Hormuz' hours after U.S. president Donald Trump had signed a deal with Iran to end their war. On Thursday, other tankers revealed their positions as they sailed through the Strait via public ship tracking after weeks when ships had concealed their voyages while crossing the waterway. According to an analysis of shipping movements, the departures from Saudi ports represented the largest departures through the Strait in recent weeks. Analysis of shipping movements. Saudi Arabia has used...

Investor sentiment improved after an interim ceasefire was reached between Iran and the United States. U.S. president?Donald Trump signed a deal with his?Iranian counterpart on Wednesday to end the war. Trump warned that Washington would re-target Iranian officials and resume its attacks if Tehran did not honour its commitments. Dubai's main stock index rose by 0.8%, led primarily by the?real estate and industrial stocks. Emaar Properties, a developer, gained 2% while Emirates NBD Bank added 1.3%. NBD Bank, Dubai’s largest lender, announced that it has completed the acquisition of India's RBL Bank's majority stake through a $2.75 billion primary infusion....

Investors?bet? that the Federal Reserve would raise rates next, following hawkish predictions from policymakers. However, easing oil prices helped to temper inflation fears. By 0812 GMT, the pan-European STOXX 600 Index was down 0.15% to 638.35. The Fed kept rates unchanged on Wednesday but persistent inflation worries led?nine officials to predict one rate increase this year. According to the FedWatch tool of CME Group, traders expect rates will remain unchanged through the end of this year. Brent crude oil prices continued to fall on Thursday, trading at around $77 per barrel after the U.S. signed an interim deal with Iran...

Here are some company news and stories that could have a significant impact on markets in France and Benelux or individual stocks. AIR FRANCE KLM: The Franco Dutch airline group has signed a multi-purpose credit facility worth EUR1 billion with 12 international banks. Its aim is to refinance existing financial instruments, including M&A, starting in H2 2026. AUTOS: The number of battery electric vehicles registered in Europe in May reached a new record, continuing a strong growth, as policy support, subsidies and higher petrol prices boosted demand. DERICHEBOURG SA : French waste management company Derichebourg Environnement has won a total...

Private equity firm KKR announced a new $1.4 billion bet on aircraft lease with a partner Altavair on Wednesday, as Airbus and Boeing continue to struggle with a lack of planes. Private equity firms and leasing companies are playing a greater role in financing aircraft purchases. This is because airlines are facing rising costs, recovering travel demand and limited aircraft supply. About half of the world's fleet is now leased, or rented. KKR has invested more than 12 billion dollars in aviation since 2015. Altavair is a company that focuses on the acquisition of new and used aircraft, and then...

The House of Representatives will hold an hearing on June 24 to discuss 'the state of U.S. airlines competition and regulation following the collapse of low-cost carrier Spirit Airlines last month. The?subcommittee of the House Judiciary that oversees antitrust matters will hold an hearing entitled "The 30,000-Foot View: Competition and Regulation in America." Airline Industry." The CEO of Airlines for America, Chris Sununu, is expected to give testimony at the hearing. Republicans will likely use the hearing as an opportunity to claim that the Biden administration failed to protect jobs through its airline competition policies, while Democrats are going to...

Russia has accused Ukraine of launching a drone strike that killed a Belarusian bus full of schoolchildren, an accusation which the Ukrainian military says is "false". Yegor Kovalchuk is the acting governor of Russia's Bryansk Region, which borders Ukraine. He said that the bus was carrying a Belarusian children's soccer club to southern Russia for a vacation. Kovalchuk wrote on Telegram that he visited the injured and described the incident as "a completely deliberate strike against civilian transport on a busy road". The Russian Foreign Ministry called the attack "another horrific crime" and said that a woman who was with...

JetBlue Airways will close its 'flight attendant' base in New Jersey's Newark Liberty International Airport, as well as its 'tech operations' bases at the airport and LaGuardia Airport in New York this fall. CNBC reported. The report said that the move was part of an effort to reduce costs and improve service at Florida's Fort Lauderdale airport. JetBlue is a major carrier in the area, which is a lucrative hub. According to the company's annual report, JetBlue had a 13% market share for airline seats in?five airports of the New York metropolitan area, including Newark, LaGuardia, and JFK. According to...

Qantas Airways announced on Wednesday that?London was the first destination of the world's largest direct commercial flight. The trip is roughly 20 hours from Sydney, eliminating the?traditional halt on the "Kangaroo Route". Vanessa Hudson, the CEO of Australian carrier, told an audience in Toulouse, France that they plan to start selling tickets by February, and launch flights in October 2027. The airline is part of "Project Sunrise", which will serve New York in the future using modified Airbus A350 1000ULR jets that can fly up to 22-hours with 238 passengers aboard. The announcement is part a fleet revamp that began...

Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts to resolve the conflict that followed the U.S.-Israeli strikes on Iran gain momentum. However, many carriers continue to suspend flights, causing global travel disruptions. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were cancelled by Greece's largest airline until June 26. Dubai flights are cancelled until August 31. Erbil and Baghdad flights until September 30. AIRBALTIC AirBaltic, a Latvian airline, has canceled flights to Tel Aviv and Dubai until the 28th of June. AIR...

Australia relaxed its travel advice on Wednesday for a number of?Middle?Eastern nations, allowing Australians the freedom to transit and travel through the largest Gulf air hubs while being insured. Penny Wong, Foreign Minister, said that the "do-not-travel" warning for the United Arab Emirates (UAE), Qatar, Bahrain and Israel, had been removed after the U.S. reached an interim agreement with Iran to end the war. She stated that the advisory has moved to "reconsider the need to travel" in these countries as the security situation can still rapidly deteriorate with little notice. Gulf airlines will benefit from the removal of "do...