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Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

Mali's Barrick hardball talks are being driven by two former Barrick employees

According to sources familiar with the discussions, two former Barrick Gold executives who have inside information about the Canadian miner's operations in West Africa help drive Mali's demand for a payment from the Canadian company of approximately $200 million. Mamou and Samba Toure were both employed by Randgold in Mali, now part of Barrick, which is a mining firm. Mali's military government, which seized in December three metric tonnes of gold worth approximately $245 million from Barrick, has given miners until Saturday midnight to respond to their demands. According to a source with knowledge of the situation, it wants Barrick...

Passenger Transportation Services

Morning Bid AMERICAS - Megacaps mixed with Fed pause; ECB cuts and GDP next

Mike Dolan gives us a look at what the U.S. market and global markets will be like today. With Federal Reserve policy likely to be paused until next year and megacaps delivering mixed results, overnight stock markets were calm as they shifted their attention towards European interest rates and an assessment of U.S. GDP for the fourth quarter. Microsoft's and Meta's quarterly results after the bell Wednesday attracted different reactions. China's DeepSeek disclosure this week has thrown the artificial intelligence topic into flux more generally. Microsoft shares fell 4% overnight due to their heavy AI spending, which was defended by...

Passenger Transportation Services

Russian skating couple, world champions in 1990s, were on crashed US airplane, TASS reports

Russian ice skating coaches and former world champions Yevgenia Shishkova and Vadim Naumov were on board the American Airlines plane that crashed into the Potomac River in Washington on Wednesday night, Russian state media reported. Shishkova and Naumov, who were married to each other, won the world championships in pairs figure skating in 1994 and had actually apparently resided in the United States given that a minimum of 1998, where they trained young ice skaters. Their son Maxim, who competed for the United States in singles, was likewise feared to have actually been on board the airplane, Russia's TASS and...

Passenger Transportation Services

Wizz Air cuts annual revenue projection on increasing costs

European lowcost airline company Wizz Air cut its annual earnings forecast for the second time in 6 months on Thursday, as it comes to grips with increasing expenses associated to the grounding of airplanes due to engine problems and financial unpredictabilities. Wizz faces numerous challenges from costs and interruptions due to groundings connected to issues with Pratt & & Whitney engines, with CEO Jozsef Varad stating previously this month that he expects the difficulties might last 4 or five years. Wizz reported a third-quarter operating loss of 75.9 million euros ($ 79 million), compared with a loss of 180.4 million...

Passenger Transportation Services

British Company - Jan 30

The following are the leading stories on the business pages of British papers. Reuters has not verified these stories and does not attest their accuracy. The Times - Ryanair Chief Executive Michael O'Leary has actually stated that he anticipates U.S. President Donald Trump's administration will be far more encouraging of the hoped-for healing at Boeing than the previous administration. - British automotive parts provider Dowlais has become the current British public business to attract interest from a U.S. peer American Axle after agreeing on an offer that values the group at 1.2 billion pounds ($ 1.49 billion). The Guardian -...

Passenger Transportation Services

Lufthansa obtains 10% stake in Latvia's airBaltic to enhance European existence

Lufthansa has actually consented to get a 10% stake in IPObound Latvian airline company airBaltic, the German airline stated on Wednesday, its newest transfer to expand its European existence. The German flag carrier has actually recently brought a 41% stake in Italian state-owned airline company ITA and Reuters reported on Tuesday that it is in separate speak to acquire a minority stake in Spain's Air Europa. Wednesday's deal comes ahead of airBaltic's strategies to list on bourses in early 2026. In September in 2015, Reuters had actually reported that Lufthansa is thinking about taking a stake in airBaltic ahead of...

Passenger Transportation Services

Ryanair CEO O'Leary positive of Boeing's 737 ramp-up, sees Trump assistance

Ryanair is confident that Boeing will ramp up its production of 737 MAX jets to 38 monthly this summertime and will be allowed by U.S. President Donald Trump's administration to then increase that to 42, the airline company's CEO said on Wednesday. Michael O'Leary, whose airline company is among the largest customers of the 737 MAX, was speaking after meetings with Boeing management in Seattle previously this month. He said Ryanair expects to take shipment of the last 29 of its present 737 MAX order between August and November this year. In quarterly outcomes on Monday he said they would...

Passenger Transportation Services

Ryanair employer sceptical about new Heathrow runway, prepares significant UK investment

Ryanair Chief Executive Michael O'Leary said Britain needs to concentrate on adding capacity at airports aside from London's Heathrow and decreasing guest taxes as he set out plans to deploy an extra 100 airplane in the UK in the next 8 years. British finance minister Rachel Reeves has actually simply provided the government's backing to a long-delayed brand-new runway at Heathrow Airport as part of her plan to revitalise the country's slow economy. O'Leary stated on Wednesday he did not expect Heathrow's third runway to be developed at any time soon. You could grow today in Manchester or Birmingham. You...

Passenger Transportation Services

Plane hints at new Space charge as it checks out alliance

Plane signified a. prospective brand-new charge in its distressed Area company on Tuesday,. stating it would upgrade financiers on a longrunning status review. of a significant satellite programme throughout annual outcomes on Feb. 20. In a webcast to experts, the European aerospace group did. not provide information of the planned update however stated it was. advancing in its more than year-old technical evaluation. Jet has already soaked up 1.6 billion euros ($ 1.67. billion) of charges for its Space organization, which industry. sources have connected generally to the enthusiastic OneSat programme of. reprogrammable satellites, with more arrangements expected. Heavy internal...

Passenger Transportation Services

JetBlue outlook triggers sell-off in shares

JetBlue Airways shares plunged 28% on Tuesday after the New Yorkbased provider projection lowerthanexpected system revenue and higher expenses in the present quarter. The business, nevertheless, said it expects improvements in its performance in subsequent quarters and sees an adjusted running margin in the range of 0.0% to 1% in 2025. Analysts at Raymond James stated the projection suggested a. loss of 75 cents a share for the year. That compares with. experts' average expectations for a loss of 58 cents a share,. according to information put together by LSEG. JetBlue's shares were down 28% at $5.82 in afternoon trade....

Passenger Transportation Services

Air France-KLM seeks partners for sustainable fuel in Portugal ahead of TAP sale

Air FranceKLM is exploring potential cooperation on sustainable air travel fuel with Portuguese partners ahead of the privatisation of Portugal's flag provider TAP, a representative for the airline stated on Tuesday. The Franco-Dutch group, Lufthansa and British Airways owner IAG have already revealed interest in TAP's. privatisation, which the federal government wishes to perform this. year. The representative said a delegation of Air France-KLM. consisting of the group's sustainability groups went to Lisbon in. the last few days. They satisfied different stakeholders to talk about potential. cooperation opportunities in the field of sustainability and. more particularly SAF, of which Air...

Passenger Transportation Services

JetBlue shares sink after frustrating forecast for system profits and costs

JetBlue Airways forecast greater costs and unit earnings listed below experts' expectations for the first quarter on Tuesday, sending the New Yorkbased provider's shares down 14% in early morning trade. The carrier forecast first-quarter revenue per available seat mile (RASM), a market metric commonly known as system income, a proxy for rates power, to range from a 0.5% decline to 3.5% development, compared with analysts' typical expectations of 6.88% growth, according to information assembled by LSEG. JetBlue stated it anticipates the shift of Easter, which usually sees a strong holiday rush, to the second quarter will decrease its unit revenue...

Oil Pipeline

Oil Pipeline

Rystad expects the pace of upstream M&A to decline significantly by 2025.

Rystad Energy reported on Monday that global upstream mergers and acquisitions (M&A) are expected to decrease significantly by 2025 after two years of consolidation within the U.S. Why it's important According to the report, M&A deals in Europe will decrease by 10% annually between 2024 and 2025. Rystad states: "Despite the $8 billion in upstream opportunities available in the region, future M&A activities in Europe remain uncertain due to the fiscal policy in the UK." The report stated that North America remains the leader in M&A and will continue playing a major role in maintaining market health. CONTEXT The wave...

Oil Pipeline

Ukraine drones hit Russian oil pumping station, rocket storage site, Kyiv source says

An overnight Ukrainian drone attack struck Russia's Andreapol oil pumping station, part of the oil export route by means of the Baltic Sea port of Ust-Luga, triggering a fire and oil items to leakage, a. source in the Security Service of Ukraine stated on Wednesday. The attack also hit a Russian rocket storage facility in. Russia's Tver region, causing a string of surges, the source. informed Reuters. Reuters might not independently verify the info. The source said the purification pump website and tanks with. ingredients were harmed in the attack which materials via the. main pipeline to the Ust-Luga terminal...

Oil Pipeline

Kazakhstan's oilfields, disagreements and settlements with oil majors

Kazakhstan, one of the world's 10 biggest oil manufacturers, increased pressure on international companies operating in the country on Tuesday, calling for enhanced contract terms. The move is the most recent in a string of claims, conflicts and settlements over the last few years which saw worldwide firms cede control of oilfields to the state or reach cash settlements. Following are information on Kazakhstan's main oilfields and pipelines and the primary disputes and settlements considering that the late 2000s. KASHAGAN The giant offshore field in the North Caspian Sea was found in 2000 and stays among the most significant discoveries...

Transportation

Logistics

Logistics

UPS projections weak 2025 earnings as it pares Amazon exposure, shares fall

United Parcel Service on Thursday anticipated 2025 income below expectations as the parcel delivery huge works to lower direct exposure to its largest consumer, Amazon, and as other consumers go with more affordable, slower groundbased deliveries. UPS' shares fell 5% before the bell after the company said it had reached a contract with Amazon-- without naming the firm however referring to it as its largest consumer-- to cut volumes it transports with UPS by more than 50% by the 2nd half of next year. The move comes as Amazon has also been reducing its reliance on UPS as the e-commerce...

Logistics

UK's Ofcom proposes changes to Royal Mail's responsibilities

Britain's Ofcom has actually proposed changes to Royal Mail's commitments including socalled secondclass letters delivered on alternate weekdays instead of Saturdays, the regulator stated on Thursday. The Royal Mail, which has actually been trying to change and modernise its business as it moves its focus to parcels, has actually a. legal commitment to deliver letters Monday through Saturday and. parcels Monday to Friday as well as offer two shipment speeds -. first class for next day and 2nd class for within three days. Ofcom, which is the regulatory authority for broadcasting,. telecoms, and postal services, stated the propositions are. expected...

Logistics

Warner Bros Discovery gets at least 2 bids for Polish broadcaster TVN

Polish businessman Michal Solowow has actually made an offer to purchase regional broadcaster TVN from Warner Bros Discovery Inc, according to his MS Galleon fund, while media group WP Holding has actually likewise made a bid, a source acquainted with the matter stated. Reuters reported in December that Warner Bros Discovery was dealing with advisers at JPMorgan on the sale of TVN Group. Two sources said in December that TVN Group, which includes 24-hour news channels TVN24 and TVN24BiS, could be valued at more than 1 billion euros ($ 1 billion) in a sale. At the invitation of JPMorgan and...

Logistics

Italy takes $48.4 million from FedEx's system over alleged tax scams

Italian tax police have actually taken 46.6 million euros ($ 48.4 million) from FedEx's regional system, FedEx Express Italy srl, following an examination into alleged tax fraud connected to illegal labour supply, prosecutors' files revealed on Wednesday. In a 75-page decree examined , Milan prosecutors accused the U.S. bundle delivery giant's local unit of preventing labour and tax laws, relying on cooperatives or limited liability companies that supplied employees while leaving out tax and social security payments. FedEx did not right away respond to requests for comment from Reuters. District attorneys stated in their decree that FedEx Express Italy, often...

Logistics

DHL Express to buy sustainable aviation fuel from Japan's Cosmo beginning April

DHL Express, a division of Germany's Deutsche Post, said on Tuesday it would purchase sustainable air travel fuel (SAF) from an unit of Japan's Cosmo Energy Holdings starting in April. The German logistics company will acquire 7,200 kilolitres of SAF each year from Cosmo, which will be produced locally. DHL will start utilizing the green fuel for set up air cargo flights from Chubu Centrair International Airport in central Japan, making Chubu the first airport in Asia where it procures SAF. DHL intends to increase its SAF usage to 30% or more by 2030 and plans to add 3 more...

Logistics

PostNL cuts 2024 profit projection again, citing 'unsustainable' business design

Dutch postal operator PostNL cut its 2024 operating earnings projection for the second time on Monday, with its top executive mentioning less seasonal mail than expected in December and an unsustainable organization model. The Amsterdam-listed stock fell 3.2% in early trading. Slow to broaden their parcel networks and at times in financial difficulty, traditional postal services in Europe are having a hard time to keep up with competitors from other parcel locker firms such as Poland's InPost and Amazon. Immediate action to change the USO responsibilities (universal. service commitments) as well as a financial contribution from. federal government are inevitable...

Logistics

Poland's InPost to invest additional 600 mln pounds in Britain by 2029

Poland's InPost will invest an extra 600 million pounds ($ 731 million) by 2029 to broaden its operations in the UK, the UK federal government stated on Thursday. This will bring the parcel locker company's total investment in the UK to 1 billion pounds, supporting approximately 12,000 brand-new tasks, the government said in a declaration. InPost plans to broaden its network of automated lockers and logistics facilities in the country, the business said in a. declaration on Friday. The lockers, dubbed automated parcel devices or APMs, allow. customers to gather or drop off plans when it matches them. Britain is...

Logistics

Royal Mail owner IDS' Q3 income inches higher on hectic Christmas

Britain's International Distribution Providers stated on Wednesday its income inched 0.8%. greater throughout the hectic Christmas period as its Royal Mail. service handled more worldwide parcels. Royal Mail stays on track to go back to adjusted operating. revenue before voluntary redundancy costs this ,. regardless of challenging market conditions in the UK, the business stated. Independently, IDS stated in a declaration late on Tuesday that its. 3.57 billion pound ($ 4.35 billion) takeover by Czech billionaire. Daniel Kretinsky got regulatory clearance by Europe and the. United States. The deal was approved by the British government in December. and is anticipated...

Logistics

Financial Times - Jan. 8

The following are the top stories in the Financial Times. Reuters has not validated these stories and does not vouch for their accuracy. Headings - Fujitsu's UK goodwill eliminated in wake of Post Office scandal - Apple steps up growth of its News platform - Shein implicated of 'not respecting' UK MPs in grilling on labour practices - Thames Water junior lenders implicate rivals of 'predatory'. loan conditions Summary - Fujitsu's choice to limit bidding for UK. government agreements following the Post Workplace Horizon scandal. has actually resulted in a total write-off of goodwill worth on the balance. sheet of...

Logistics

Parcel locker firm InPost Q4 volumes rise 20%.

Parcel locker company InPost reported on Tuesday a 20% rise in fourthquarter volumes, driven by both its home market Poland and abroad. InPost, which aside Poland runs in eight countries, delivered 322.1 million parcels in the quarter, that included the hectic holiday. The business runs one of the most significant networks in Europe of pick-up drop-off (PUDO) points and automated lockers, dubbed automated parcel devices or APMs, that permit clients to gather or drop off plans when it suits them. InPost said that it added a record number of more than 11,500 APMs in 2024, bringing its network to 46,977...

Logistics

AI-influenced shopping boosts online vacation sales, Salesforce data programs

Artificial intelligencepowered chatbots helped customers purchase and return products throughout the 2024 holiday, improving online sales in the United States by nearly 4% yearoveryear, according to a report by Salesforce. Sellers turned to awesome conversational customer care - or chatbots - among others such as targeted promos, product recommendations and commitment programs, to affect consumers searching for trending items and finest bargains. Online sales rose to $282 billion in the United States between Nov. 1 and Dec. 31 from $272 billion a year back, ahead of Salesforce's forecast of 2% development, even as discounts were tempered. Consumers used AI-based chatbot...

Logistics

British Company - Dec 27

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not guarantee their accuracy. The Times - UK's Safestay is planning to double the size of its portfolio as the hostel operator looks for to take advantage of the awaited boom in the worldwide market. The Guardian - UK's postal minister Gareth Thomas has spoken of his dissatisfaction that Fujitsu, the Japanese business behind the Horizon computer system, has refrained from doing more for those whose lives were destroyed in the Post Workplace scandal. The Telegraph - The UK...