An executive revealed that the AI coding startup Cursor will be opening its European headquarters in London, and hiring 200 employees, as the demand for automated software development tools grows. Elon Musk’s SpaceX is preparing for a highly anticipated IPO this coming week. In April, it announced that it had acquired an option to acquire the code-generation startup Cursor later this year for $60 billion, or pay $10 Billion for their new partnership as it pushes further into the lucrative'market for AI developer tool. Cursor, based in San Francisco, chose London because of its 'access to multilingual workers and deep...

Vietnam's major airlines have been ordered to examine the progress of multi-billion dollar agreements with Boeing and Pratt & Whitney and look at new import deals with American firms, as Hanoi tries to bolster its hand in a?trade negotiating with the United States. The directive was issued on June 5, and then reviewed on Tuesday by the Ministry of Industry and Trade. This ministry is in charge of Vietnam's efforts to "demonstrate" to Washington the fact that the bilateral trade agreements are being implemented. The move follows three separate Trump Administration probes that targeted Hanoi over alleged trade distortions through?excessive...

On Tuesday, gale-force winds and rough waves battered New Zealand’s capital city of Wellington. This forced ferry and flight cancellations and road closures. Authorities urged hundreds along the?south coast of the city?to evacuate. An airport spokesperson confirmed by email that a light?aircraft was briefly blown over at Wellington Airport after a strong wind gust tipped it onto its wing. It said, "Nobody was hurt and it was quickly rectified." The 'New Zealand Herald' reported that the plane was just landing and the passengers had already disembarked when it tipped. At Wellington Airport, eight flights were canceled. Air New Zealand has...

S&P, a global ratings agency, said that JetBlue Airways was downgraded to "CCC+" on Monday from "B-", pushing it further into junk status as high jet fuel prices?have hampered its recovery. The 'low-cost carrier' has been trying to restore its profitability by cost cutting, network changes, and improving operational reliability. However, higher fuel prices have complicated the turnaround plans. Low-cost and budget airlines are particularly vulnerable to fuel price spikes linked to the Iran War, as they have limited capacity to pass higher costs on to customers without risking their demand in a highly competitive travel market. S&P stated that...

In a 'Monday statement, the Canadian finance ministry announced that a new loan programme would be launched to assist domestic airlines in dealing with high fuel costs and maintaining operations and jobs. The 'Iran war' has caused jet fuel prices to skyrocket, eroding profit margins and straining balance sheets. This pressure has led governments to extend support to domestic carriers in order to maintain affordable airfares and preserve competition. The Canadian government said that under the 'loan program', eligible airlines will receive up to C$150,000,000 ($107.5 Million) in repaid liquidity support. The government must also balance the need to protect...

Two?German government officials told?Monday that the German Chancellor Friedrich Merz, and French President Emmanuel Macron, have concluded that companies involved 'in building a?joint fighter jet cannot?reach an agreement. The sources said that both leaders agreed to continue developing a drone system and data networks related to the Future Combat Air System project. Macron's office didn't immediately respond to a request for comment. The failure to reach agreement on the EUR100 billion ($116 billion) project highlights the "struggles" Europe has faced rebuilding its military capability after decades of underinvestment. According to a German government source, Merz and Macron discussed Friday the...

The 'Middle East conflict' is driving up jet fuel costs, according to the?U.S. Transportation Department announced Monday. USDOT's monthly report stated that fuel costs for airlines were up by 26% compared to March. Carriers also used 2.6% less gasoline in April than they did in March. Fuel prices in April were $4.11 per gallon, an increase of $1.81 compared to April 2025. This trend has already affected the industry. Spirit Airlines, a low-cost U.S. airline, shut down in May because of rising fuel prices. Delta Air Lines is the largest domestic airline in the United States, followed by United Airlines,...

CEO Jerome Cadier said on Monday that 'LATAM Airlines Brazil's Brazilian unit will reduce?capacity in July by 3% compared to its initial plans for the period because of a?rise in fuel costs. Cadier, in an interview at the International Air Transport Association annual general meeting held in Rio de Janeiro, said that the move would be a repeat of a reduction made in June. Fuel price shocks related to the Iran war have forced airlines worldwide, including LATAM, to reduce capacity on certain routes and adjust ticket prices upward. LATAM Brasil has adjusted its expectations to 11% growth by 2025....

As regional carriers rebuild their schedules following war-related disruptions, some airlines are gradually restoring flights to the Middle East. However, the conflict continues disrupting wider traffic flows. Middle Eastern airlines have increased capacity following the severe disruption caused by the Iran War, but many other carriers are still diverting Europe to Asia flights in order to avoid the Middle East. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were cancelled by Greece's biggest carrier until June 26. The flights?to Dubai have been cancelled until August 31 and those to Erbil,?Baghdad and?Baghdad are cancelled until July...

Analysts predict that the 2026 FIFA World Cup in host countries will bring billions of dollars to their economies. This will be fueled by a massive surge in consumption, which will boost sectors from retail to tourism and athletic wear. The tournament is set to be held from June 11 through July 19, and will be the biggest soccer event ever. This could drive consumer spending in a period when broader demand remains fragile. According to FIFA's analysis of the socioeconomic impact, which was conducted in conjunction with World Trade Organization (WTO), the first three-nation World Cup --?spanning a?the United...

Indian shares dropped on Monday, following a sharp sell-off in Asian markets. Crude prices also spiked as a result of the escalation in the Middle East conflict. Brent crude rose 4.3% to $97 per barrel as fears grew of a wider conflict, and disruptions in oil supplies. India's benchmark Nifty50 fell 1.04%, to 23,123. The BSE Sensex dropped 0.97%, to 73.524.26, both blue-chip indices closing at two-month-lows. Financials and IT, which are high-weighted sectors, lost 1% each, while the other 15 major sectors gained. Small-caps and midcaps both declined by 1.9%?and 1.4% respectively. The MSCI Asia ex Japan index fell...

Indian shares fell early on Monday as they tracked a sharp selloff in?Asian markets and crude prices spiked because of the escalation in the Middle East conflict. Brent crude jumped 3.5% to?about $96.5 per barrel, after Iran launched missiles against Israel in response to Israeli strikes on Beirut. This reduced hopes of an end to the war and raised fears about continued disruptions to oil supply. India's benchmark index Nifty 50 dropped 0.95% at 23,142.20, and the BSE Sensex fell 0.95% at 73.529.06 as of 9:50 a.m. IST. Thirteen out of 16 major sectors fell, with the high-weighted financials and...