European shares rose Thursday, as lower oil prices and a pause in the global bond saleoff lifted risk appetite after the US Federal Reserve announced its much-anticipated interest rate hike. Most regional markets advanced, as the pan-European STOXX 600 rose 0.9% to 642.6. Metal mining shares led gains with a jump of 2.1%. BMW, Renault, and Volkswagen all saw gains around 2%. Brent crude prices fell for a second consecutive day, despite reports that Saudi Arabia was offering more cargoes via Oman. Prices remained at or above $100 per barrel. The energy sector in Europe grew by 0.1%. The Fed's...

German officials describe a 'rare' outbreak of malaria linked to air traffic that has killed a third person near Frankfurt Airport. Frankfurt's city hall said in a statement released on Thursday that one of two residents infected in the Schwanheim area north of the airport had died while in the care at the university hospital. The statement stated that "Both individuals were infected by the malaria-causing parasite Plasmodium Falciparum despite not having travelled to an endemic area or worked at an airport." Officials from the city of Toronto announced on August 27 that two workers at the airport died due...

EasyJet Portugal's cabin crew voted Thursday to strike from October 2 to 6 and then again between December 19 to 23 in protest of?poor?working conditions. This is likely to cause hundreds of flights to be grounded at Portuguese airports. According to estimates by the union, the first strike will result in the cancellation of 500 EasyJet scheduled flights between and from Lisbon, Porto, and Faro, excluding minimum service flights that have yet to be determined. The spokesperson of?the leading Portuguese union for cabin crew said that working conditions in Portugal "continued deteriorating despite warnings from the union which the airline...

EasyJet’s?cabin staff in Portugal voted Thursday to go on strike between 'October - 2-6 and then again from December 19-23 to protest poor working standards. This move is likely to cause hundreds of flights to be grounded at Portuguese airports, according to a spokesperson for SNPVAC. According to union estimates, the 'first strike alone' is expected to cause EasyJet to cancel a total of?500 flights scheduled to depart and arrive at Lisbon, Porto, and Faro airports. This excludes?any flights with minimum service that have yet to be determined by authorities. According to the spokesperson of the Portuguese leading cabin crew...

Ryanair announced on Thursday that it "plans" to double the number of passengers in the Baltic Region over the next five-year period, hoping to capitalize on airBaltic’s bankruptcy filing and retrenchment. The plans of Europe's biggest airline in terms of passenger numbers comes days after the Latvian airline became the first European carrier to declare bankruptcy as a result the fallout from Iran conflict. Ryanair has announced that it will provide 11 million seats per year in Latvia, Estonia, and Lithuania by the end of 2031, and base 16 aircraft there, up from 7. Jason McGuinness, Chief Commercial Officer at...

The risk sentiment was boosted on Thursday by a drop in?oil and a pause?in the global debt selloff following the?U.S. The Federal Reserve announced a much-anticipated interest rate increase. Most regional stock exchanges followed suit. The pan-European STOXX 600 index rose 0.5% by 830 GMT to 640.21. Germany's DAX rose 0.5%. Travel stocks led the way, rising 0.8% on the back of a decline in oil prices. Airlines like Ryanair and Lufthansa also saw gains, increasing by 1.1% and 1,2% respectively. Shares of BMW, Renault, and Volkswagen each rose around 1%. Brent crude futures remain above $100, but crude prices...

Ukrzaliznytsia, the Ukrainian state railway operator, said 'on Thursday that Russia had damaged a bridge in Odesa, affecting Ukraine's ability to transport grain into its Danube river ports. The company didn't say how badly damaged the bridge was or when it happened. Russia has been attacking it almost weekly since the beginning of the war. After Russian attacks, 90% of Ukraine's exports were handled by Black Sea?ports. Ukraine operates three river port?on the Danube. Cargo can be delivered either via the damaged bridge or through Moldova, which has limited transit capacity. Ukrzaliznytsia reports that around 3,000 grain wagons currently heading...

Indonesian rescuers will try to right the passenger ship which capsized in the Java Sea at the weekend. Strong?currents, big waves and persistent?currents prevent them from doing an underwater search of the overturned vessel for the 129 missing people. The 'Virgo -Transport 8' was carrying 243 passengers on a 20 hour voyage from Surabaya, East Java, to Banjarmasin, South Kalimantan. It capsized early Sunday morning due to bad weather. Six people were killed and 108 survived, a number that has not changed since the Sunday incident. Mohammad Syafii, chief of the national rescue agency, told a late-night press conference that...

Robert Isom, CEO of American Airlines, said that high fuel prices may force the airline to reduce capacity despite the fact that strong demand and increased revenue have offset the cost. Isom, speaking at a Morgan Stanley Conference, said that he was "really happy" with American's forecasted revenue growth of between 16% and 19% for the third quarter. He also predicted that the majority of recent revenue gains would be durable. Comments from the airline industry highlight the pressure that is being placed on them as another increase in fuel prices will test how much the increased cost can be...

Flydubai, the airline of Dubai, expects to return to full capacity before the end of the year. This is as airlines 'across the region' recover from the impact of the Iran War. Ghaith al Ghaith, CEO of Arabian Travel Market, said to the media that by the end of the year, "we will go back to 100 percent, and maybe even more, because we'll be getting more planes." Ghaith said that Flydubai, Emirates sister airline, operates at 85% of its current network capacity. Its load factor (which measures how well a?airline fills available seats) is "good". Flights in the Middle...

On Wednesday, Prime Minister Andris Kulbergs announced that a U.S. judge had 'accepted' the request of Latvian carrier airBaltic to restructure its debt and enter Chapter 11 under U.S. bankruptcy law. This means that airBaltic can: immediately access funding; begin the restructuring; and review its obligations to creditors. "Work continues,"?Kulbergs stated in a social media X post. The?airline didn't immediately respond to a?request for comment. AirBaltic, which is majority owned by the Latvian Government, filed for Chapter '11 protection on Monday in order to 'cut its debt pile after the Iran War increased financial pressure. The company said that it...

According to two documents and officials, a number of agreements are expected to be announced by U.S. and Vietnamese corporations next week, involving energy, technology, aviation, and financial firms, as?Vietnam leader To Lam visits New York. Vietnam has been negotiating commercial agreements for months, most of which will be non-binding. This is part of its strategy to appease Washington, as the Trump administration threatens new tariffs against the Southeast Asian nation that relies heavily on exports. A note of internal planning lists 29 agreements which could be announced in New York on 23 September at a conference attended by To...