Europe

Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts intensify to resolve the conflict following the U.S. and Israeli strikes against Iran. However, many carriers continue to suspend flights, causing global travel disruptions. The following is an alphabetical update of the flight status for airlines: AEGEAN AIRLINES Thessaloniki-Tel Aviv flights have been cancelled by Greece's biggest carrier until 26th June. Dubai flights are cancelled up until August 31 and Erbil and Baghdad flights until September 30. AIRBALTIC AirBaltic, a Latvian airline, has cancelled all flights to Tel Aviv and Dubai until the 28th of...

Qatar's sovereign fund will bet $75 million on aerospace precision parts maker Doncasters Group before its U.S. listing. According to a SEC filing made on Monday, the Qatar Investement Authority (QIA), has agreed to purchase the shares at IPO prices. The filing stated that QIA would receive 2.5 million ordinary shares if the IPO price range was at the middle of it. The Derby-based United Kingdom company wants to raise up to $746.9 million through its IPO. It will offer 23.3 million shares at prices between $28 and $32 each. The aerospace parts manufacturer would have a $4.51 billion market...

The National Transportation Safety Board announced?on Monday that it will be opening an investigation in a near miss?incident which occurred on Saturday between two passenger planes?at the Boston Logan airport. Federal Aviation Administration is investigating the incident. The crew of a Delta Air Lines Airbus A319 performed a go around on Saturday as an American Airlines Boeing 737 was leaving from an intersecting airport. Flightradar24, an online flight tracking service, said the planes were 325-350 feet apart, based off barometric pressure measurements. The actual distance between aircraft's closest parts was probably a little smaller. Delta stated that the crew of...

The Financial Times reported that EasyJet and its investors are holding out for at least PS600,000,000 ($794.46 Million) more from U.S. suitor Castlelake. This was based on the knowledge of people who were involved in the negotiations. The airline said that the $6.3 billion offer from the U.S. Investment?firm undervalued its business. Castlelake had made its offer public the previous day. The FT quoted a large investor who said that easyJet would be willing to accept an offer at or above PS7 per share, which would put the company's value at around PS5.3 billion. Castlelake stated in a Monday morning...

Investors viewed the latest round of U.S. - Iran?negotiations as a sign of progress toward a resumption of shipping through the Strait of Hormuz, and also the resignation of British PM Keir starmer. After two sessions of declines, the STOXX 600 closed up 0.6%. Barclays, NatWest, and Standard Chartered all made gains in the UK. They were up 3,9%, 4%, and 1,3%, respectively. The banking index as a whole rose 1.4%. Starmer's Monday resignation announcement paves the path for what is expected to be an orderly transition of power to Labour Party leader Andy Burnham. Burnham could become Britain's 7th...

Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts intensify to resolve the conflict that erupted after U.S. and Israeli strikes on Iran. 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 The largest Greek airline has cancelled flights between?Thessaloniki and Tel Aviv up until June 26. Flights to Dubai and Erbil are cancelled until September 30, and flights from?Baghdad and?Baghdad?until August 31. AIRBALTIC AirBaltic, a Latvian airline, has canceled flights to Tel Aviv and Dubai...

The Ukrainian economy ministry has proposed to increase state railway 'Ukrzaliznytsia ''s freight rates by 30% starting August '1'' in order to stabilize the company's finances. However, steelmakers and farmers have warned that this may make them less competitive. Rail remains an important part of Ukraine’s logistics network. It carries both freight and passengers. The government is under pressure to increase its cash flow as it tries to restructure debt. Ukrzaliznytsia's CEO Oleksandr Ptsovskyi said this month that his firm must?increase its tariffs this year by at least 45 percent to restore its finances. In a weekend note, the economy...

Singapore Airlines announced on Monday that it plans to sell its first benchmark five-year dim sum bond, a offshore yuan debt issued outside of mainland China. Four banks have been hired to help arrange the deal. The benchmark size of offshore yuan bonds is usually 1 billion yuan (147.6 millions dollars), which means they are large enough to be traded easily by investors. Singapore Airlines hasn't revealed the size of its planned expansion. The airline?said that it tapped Bank of China, DBS HSBC Standard Chartered and Standard Chartered to help with the bond sale. ? The decisions were reported earlier...

These are the most popular?stories from the Wall Street Journal. ? This information has not been verified and we cannot vouch for their accuracy. China has added 10 defense contractors and two rare earth producers to its export control list. Pakistan and Qatar, who are acting as mediators in the talks between Iran and the U.S., have confirmed that the two countries had agreed to establish a'mechanism to ensure the termination of military operations?in Lebanon. Castlelake, a U.S. investment company, said that easyJet's board had rejected its third 4,74 billion pound ($6.26 billion),?takeover offer. The firm encouraged shareholders to seriously...

Investors waited for any signs of progress in the latest round of U.S. and Iran negotiations to resume shipping through the Strait of Hormuz - a vital artery for the global oil trade. Brent Crude prices fell 1.6% and traded below $80 a barrel after mediators Qatar and Pakistan announced that Washington and Tehran agreed on a roadmap and measures to protect shipping through the Strait of Hormuz. Tehran declared the waterway closed on Sunday, casting doubt on its sustainability. By 0711 GMT, the pan-European STOXX 600 Index was up 0.05% at 635.92. Tech stocks led the sectoral gains with...

Oil prices are expected to fall after the interim U.S. Iran peace agreement, but it is unlikely that passengers will see any immediate relief. Carriers may be able to maintain fares above those of pre-war. The U.S. market is the most obvious example. Fuel costs have risen this year, but fare increases are still behind. Domestic seat growth is also limited. This gives airlines the opportunity to use lower fuel costs to rebuild margins, rather than reverse recent price hikes. U.S. Jet Fuel Spot Prices were $2.85 per gallon on 17th June, down from a high of $4.88 in early...

The 'driver' of one of the trains was killed in the crash that occurred on Friday near Bedford, approximately 60 miles (100km) north of London. Around 5.15 pm local time (16:15 GMT), two passenger trains headed for London collided on Friday. One of the drivers of the two trains died at the scene. British Transport Police Chief Constable, Lucy D'Orsi, provided an update of those injured in the crash that occurred on Saturday. She said more than eighty people were hospitalized on Friday evening. She said that as of "this morning", 28 people were still in the hospital and nine...

Abdulkadir Uraloglu, Turkish Transport Minister, said that Turkey and Saudi Arabia are planning to build a railroad to connect?the two nations with Jordan and Syria within the next three to four years. He added that other Gulf countries will also be joining the project. Uraloglu told Al Jazeera that the railway will help ease future problems caused by the disruption of Strait of Hormuz due to the war in Iran. A memorandum signed last week between Ankara, Saudi Arabia and Riyadh on logistics and railways describes the project. Uraloglu stated that in the first phase, the rail link would allow...

The Ukrainian steelmakers union UkrMetalurgProm warned on Tuesday that a proposed freight tariff hike by the'state railway' of Ukraine could lead to a reduction in GDP, permanent closure of certain facilities, and the loss of 300,000 jobs. Oleksandr P.rtsovskyi, CEO of Ukrzaliznytsia, said earlier in the month that his company intended to increase freight rates by at least 45 percent. The increase would reduce losses and help restructure the company's significant debt. Oleksandr Kalenko, president of the union, wrote a letter commenting on Ukrzaliznytsia’s statements. He said that Ukraine’s steel industry had suffered losses totaling 28?billion Hryvnias (about $632 million),...

Three sources familiar with the issue said that?tungsten and rare earths, as well as gallium, were shortlisted for the first joint stockpile of critical minerals to reduce reliance on China. One of the sources, and a third source, said that the EU was also in talks with major ports, including Rotterdam, the largest port in the Netherlands. They are looking at storing the minerals there. This is one of the most concrete measures taken by the EU to protect its economy against Beijing's dominance over the production of critical minerals, which are vital to defence, semiconductors, and energy transition. They...

A notice published by the London Metal Exchange on Thursday showed that China's Tsingshan Group has applied to have aluminium produced at its Hua Chin joint venture in Indonesia?available for delivery?on the London Metal Exchange. Hua Chin - where Tsingshan and Huafon Group are partnered by fellow Chinese company Huafon Group - would be the only Indonesian brand of high-grade primary aluminum to be accepted by LME, after state-owned Inalum. * The application is being made as Indonesia ramps up production and exports, potentially compensating shortages caused by war in the Middle East. According to a LME notice, the second...

U.S. president Donald Trump announced on Friday that he will increase tariffs to 25% on?cars?and trucks imported from the European Union, claiming the bloc has not adhered to its trade agreement with Washington. In a post on social media, he said: "Based on the European Union not adhering to our Trade Deal fully agreed upon, I will increase Tariffs for Cars and Trucks entering the United States next week." It is understood and agreed by all that there will be no tariff if the Cars and Trucks are produced in U.S.A. Plants." Trump told reporters in the White House that...

Le president americain Donald Trump a ?declare vendredi qu'il allait porter ?a 25% les droits de douane sur ?les voitures et ?les camions ?en ?provenance de l'Union europeenne, expliquant sa decision par le fait, qu'a ses yeux, l'UE n'a pas respecte leur accord commercial. "Etant donne que l'Union europeenne ne respecte pas notre accord ?commercial, sur lequel nous nous etions pleinement mis d'accord, ?j'augmenterai la semaine prochaine les droits de douane imposes a ?l'Union europeenne sur les voitures et les camions entrant aux Etats-Unis", ecrit-il ?dans un message publie sur les reseaux ?sociaux. "Il est clairement entendu ?et convenu que,...

Standard Chartered Bank announced on Tuesday that it had successfully arranged a $2.33billion syndicated finance facility?for a Standard 'Gauge -Railway?Project?in Tanzania. The money will be used to finance two stretches on a planned 1,219 km rail line linking the port and commercial capital of Dar es Salaam with?the lakeside town of Mwanza. The bank said that Yapi Merkezi, a Turkish company, and China's China Civil Engineering Construction Corporation would be responsible for the work. The bank added that funding was obtained from commercial banks, export credit agencies and development finance institutions. The bank said: "The construction of the Standard Gauge...

British 'warehouse owner'?Segro has expanded its efforts into data centres. It is lining up new sites in France and Germany as well as in Italy and Poland to take advantage of the global boom in artificial-intelligence spending. David Sleath, in an interview on Thursday, said: "We think that there will be a very strong demand in the future in and around other large cities." We are working to secure planning permissions on some of these sites and power. Segro, which has around 10.9m square metres of space to its name, is betting that the?demand for AI-based data centres will continue...

Hyundai's CEO said that it will be difficult for the automaker, due to manufacturing constraints, to quickly reallocate sales to other regions, and thus make up lost sales. The CEO of Hyundai, Jose Munoz, revealed the?new?Ioniq3 EV at the Milan Design Week, in Italy. He said that the Middle East is the market with the highest margins for the South Korean carmaker, even though it does not bring "massive" profits. Hyundai's Spanish CEO stated that the conflict in the Middle East was having an impact on the company because cars produced for this region cannot be easily redirected to other...

The massive copper stockpile at the U.S. Comex exchange The CEO of German copper manufacturer Aurubis stated on Tuesday that the reserves should be drained 'in a few months' as local demand picks up. Comex has 532,000 metric tonnes of copper - nearly a quarter the annual U.S. demand - because traders shipped metal to America last year in anticipation of tariffs. The inventories have not fallen much since February when they peaked at 546,000 tons. Last week, arbitrage shipping copper to Comex was opened again. Toralf Haag, CEO of Aurubis, said: "I believe it's an issue with supply security."...

The LME announced on Wednesday that it had fined PAC Global Services Spain?250,000 pounds ($334,175) as a disciplinary action for violating its rules. In a notice to members, the exchange, which is the oldest and largest market for industrial metals in the world, listed eight PGS violations of its warehouse agreement. The most serious violations were found during an investigation at a PGS warehouse in Taiwan. Copper was discovered in a yard in the open outside of the facility. The notice stated that "the storage of metal outside an approved?LME shed is an egregious violation of the warehouse agreement... as...

Italy's tax authorities announced on Tuesday that they had seized 27,4 million euros ($31.8 million) from two French units of CEVA Logistics. This is a new chapter in investigations into alleged tax fraud, and illegal labor practices. This move, which targets the French multinational known for its partnership in Ferrari's F1 Team, is similar to other actions taken against Italian logistics and delivery companies, such as FedEx, DHL, Amazon, etc. Milan prosecutors accuse CEVA of issuing fake invoices in order to?mask cheap labour, bypassing labour laws and tax laws and avoiding?taxes and social security payments. CEVA Logistics?did not immediately respond?...