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Gulf stock exchanges rise on optimism about US-Iran Peace Talks

Investors are encouraged by optimism over renewed U.S. - Iran?peace negotiations. The United States announced on Wednesday that it had completely halted all sea traffic to and from Iran despite President Donald Trump's suggestion that negotiations to end the conflict could resume this week. Trump stated that U.S. officials and Iranian officials could meet again within the next couple of days in Pakistan, while Vice President JDVance expressed his optimism about the current state of the talks, even though the discussions last weekend ended without a breakthrough. Both officials in Pakistan and Iran have also said that the talks could...

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UAE stock exchanges rise on optimism about US-Iran Peace Talks

Early trading in the United Arab Emirates on Wednesday saw the stock markets?build on the gains of the previous session?as optimism about renewed U.S. - Iran peace talks boosts investor sentiment. Even though Donald Trump said that negotiations to end the war with Tehran could resume this week, the United States announced on Wednesday that it had halted all sea traffic to and from Iran. Trump stated that U.S. officials and Iranian officials may meet again in Pakistan within two days. Vice President JDVance expressed his optimism about the current state of talks, despite the fact that last weekend's discussions...

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New York Times Business News - April 15, 2019

These are the most popular?stories from the New York Times business pages. These stories have not been?verified and we cannot vouch for their accuracy. Both sides reported that they had a positive discussion, although it wasn't immediately clear if a framework for peace was agreed upon. OpenAI announced that it would share its new A.I. GPT-5.4 Cyber, a?model that will be shared with hundreds of organizations before being expanded to thousands more in the next few weeks. Canadian Prime Minister Mark Carney announced that he will temporarily suspend the federal gas tax from 'early September onwards. He is the latest...

Passenger Transportation Services

United's Chief takes the fight against American to the White House with a merger pitch

Scott Kirby, the CEO of United Airlines has been arguing for more than a ten-year period that only two premium airlines can be supported in the U.S. He has now taken that view to the White House, where he floated the idea of merging with American Airlines, his fiercest competitor. Kirby's strategy can be traced to the closing of?the American/US Airways merger on December 9, 2013. Kirby was then a senior executive at American. Kirby told a New York audience in March 2025 about a conversation he had with his team at American about the future of the airline industry....

Passenger Transportation Services

As the Middle East conflict shakes markets, global companies are delaying IPOs and cutting dividends.

The Middle East conflict affected global financial markets, affected logistical systems and hindered supply of raw materials vital to a wide range of industries. The following list is alphabetical and includes some of the companies that have responded to the current crisis by delaying their initial public offering or withdrawing dividends: DOMETIC GROUP The Swedish outdoor technology company has withdrawn its SEK 1,00 ($0.11) dividend per share and instead proposed no dividends for 2025. The company said that geopolitical events had increased economic uncertainty, and there were signs that demand and trading conditions would be weaker than expected. LOVEHOLIDAYS Sources...

Passenger Transportation Services

Airline cancels flights due to Middle East conflict

The global air travel industry is still severely affected by the Iran War. Many people are unable to reach their destinations as planned after major Middle Eastern hubs such as Dubai, Doha, and Abu 'Dhabi were closed. The latest flight information is listed below alphabetically: AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Riyadh, Amman and Tel Aviv until June 27 and to Beirut and Beirut till June 26. The airline cancelled flights to Erbil, Baghdad and Dubai until June 29, and also to Erbil and Baghdad between July 2 and July 2. AIRBALTIC AirBaltic, a Latvian...

Passenger Transportation Services

Gulf Airlines slowly recovers as Iran Conflict drags

Middle Eastern Airlines, among the 'biggest in the world, have been severely affected by the 'Iran conflict, which has seen air strikes across the Gulf region. This has disrupted busy airport hubs, and forced the redrawing of traffic routes. After the initial strikes on February 28, the flight numbers of major state-backed carriers, including Emirates, Etihad Airways (flydubai), Qatar Airways (air Arabia) and flydubai (Qatar Airways), dropped to a near zero level. After the initial February 28 strikes by?U.S. forces, flight numbers for major state-backed carriers in the region including Emirates, Etihad Airways and flydubai dropped to near zero. Flightradar24.com...

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United-American mega-deal pitch drives up shares; antitrust issues loom

The merger of United Airlines with American Airlines would create an industry giant and attract the scrutiny of regulators, unions, and consumer advocates who are concerned about higher fares and less competition. According to two sources, United Airlines CEO Scott Kirby floated a merger between the 'two carriers' to U.S. president Donald?Trump? in late February. However, industry officials quickly highlighted the significant antitrust hurdles such a deal could face. Details of Kirby’s proposal weren't immediately clear. Both carriers' shares rose on Tuesday morning, despite the fact that oil prices were still high due to the conflict between Israel and Iran....

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Delta Air Lines scales back sustainable fuel and net-zero targets, Bloomberg News Reports

Bloomberg News reported that Delta Air Lines removed two important environmental targets from its sustainability page late last week. The report stated that the 'Atlanta-based carrier has rephrased their quest to achieve zero emissions by 2050 as an "aspiration" rather than a goal. SAF, which is largely made from waste cooking oil or 'waste cooking oil', can reduce emissions by a significant amount compared to traditional jet fuel. It is still two to five time more expensive than conventional jet fuel. According to a Delta spokesperson quoted in the Bloomberg report, the airline still considers?SAF one of the best ways...

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United and American Airlines rise after Kirby merger with Trump

United Airlines and American Airlines stocks rose in premarket trading Tuesday, after United CEO Scott Kirby, according to sources, had reportedly pitched the idea of a merger between the two carriers to U.S. president Donald Trump back in February. The merger of two major U.S. airlines could be the largest airline consolidation since more than a decade. United States shares rose 2%, while American stocks grew by 4%. The two stocks have both fallen in recent weeks as the U.S. - Israel war against Iran has sent jet fuel prices soaring. American is down 14.1%, and United is down 10.4%...

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As Iran's war chokes jet-fuel supply, airlines urge EU to step up

A document seen by?by shows that European airlines have called on the European Union (EU) to take emergency measures in order to deal with the consequences of the 'Iran War, such as widespread airspace closings and growing concerns about jet?fuel shortages. In a document, the industry group "Airlines for Europe" (A4E), has asked the EU to introduce a number of crisis response actions, including EU level monitoring of jet fuel supply, a suspension of the EU carbon market for aviation and the scrapping of certain aviation taxes. Since the U.S. and Israel war against Iran began on February 28th, the...

Passenger Transportation Services

Fuel costs are increasing, so airlines are reducing their prices and cutting back on their outlook.

The U.S. and Israeli war against Iran, which has pushed up jet fuel prices, has shook the aviation industry around the world. Airlines have been forced to increase fares and revise their financial forecasts. In recent weeks, jet fuel prices have increased from $85-$90 per barrel up to $150-$200 per barrel. This is a major financial blow to an industry that relies on fuel for a quarter or more of its operating costs. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greek airline anticipates that the suspension of Middle East flights,...

Ground Transportation

Ground Freight

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...

Transportation

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...

Ground Transportation

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...

Passenger Ground & Sea Transportation