Latest News
-
Bpost Belgium lowers its capital expenditure plans following a surprise Q3 loss
Bpost, the Belgian postal service, reported a surprise operating loss in its third quarter, due to seasonal weakness, and lowered its capital expenditure guidance for this fiscal year. The adjusted loss before taxes and interest was $3.5 million, compared to the profit of $10.3 million euros from a year ago. Analysts surveyed by the company expected a adjusted operating profit to be 6.7 million euro. The company reduced its forecast for gross capital expenditures to 140 million euros from 180 million euros earlier, and stressed the importance of disciplined spending in a gradual approach toward 2026. In a press release, CEO Chris Peeters stated that "all our attention is now focused on the crucial period of year-end". Bpost expects to achieve an adjusted operating profit of around 180 millions euros for the full year.
-
Wall Street Journal, November 5,
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. A UPS plane crashed near Louisville, Kentucky. At least four people were killed and 11 injured. The number of fatalities is expected to rise. Sunway Healthcare in Malaysia will begin engaging with investors soon ahead of an IPO planned that could raise as much as $1 billion. Bain Capital and Perpetual, an Australian investment manager, are in exclusive discussions about the sale of their $14 billion wealth management business. Donald Trump, the U.S. president, has renominated Jared Isaacman as NASA's new director. This reverses a decision he made five months ago to pull his support. TrumpRx, the weight loss drug program offered by the Trump administration, is currently negotiating with Eli Lilly to reduce prices on their drugs. ChrysCapital has raised $2.2billion for its latest fund. (Compiled by Bengaluru Newsroom)
-
Industry letters indicate that India's stricter green energy rules could hurt clean energy investments
A review of industry correspondence on Wednesday revealed that India's proposed rules, which would require renewable energy producers to adhere strictly to their green energy promises to the grid, will squeeze company earnings and reduce investment in the sector. In its draft, published in September 2025 by the Central Electricity Regulatory Commission(CERC), tighter regulations were proposed for wind and solar energy producers under the Deviation Settlement Method. The new framework will gradually reduce the gap between what electricity producers promise to provide and what they actually produce. The formula for calculating these deviations is being revised starting April 2026. Each year, the tolerance margin will shrink, until 2031, when renewable generators are treated the same as conventional power plants. As renewables make up a greater share of India's electricity mix, the goal is to encourage renewable generators improve their forecasting accuracy and schedule to ensure grid discipline and reliability. Industry groups have warned that the proposed rules could harm wind energy projects as they depend on "unpredictable weather" unlike solar, gas and coal-fired plants which can modulate output. The Wind Independent Power Producers Association, in a letter sent to the CERC and reviewed by, stated that "these penalties could result in huge losses, particularly for older projects which were built under different regulations." According to the group, some wind power projects may lose as much as 48% of revenue. The body filed a lawsuit in April to challenge the regulations of last year on deviations in power supply and planning. They argued that the proposed modifications could lead to a substantial financial burden for developers. In a letter sent to the CERC by the National Solar Energy Federation of India (NSEF), the group warned that the new rules could undermine the viability of projects and discourage future investments into India's clean-energy sector. India wants to expand its renewable energy base. It aims to double the non-fossil power capacity of India to 500 gigawatts, as part its energy transition goals. (Reporting and editing by Sethuraman Nandy).
-
UPS plane crashes in Kentucky: injuries reported
The Federal Aviation Administration reported on Tuesday that a UPS plane crashed shortly after takeoff in Louisville, Kentucky, en route to Honolulu. Local police confirmed the crash and said there were injuries. The FAA released a statement that "UPS Flight 2876 crashed at around 5:15 pm local time, on Tuesday, November 4, after departing the Louisville Muhammad Ali International Airport (Kentucky)", according to the FAA. UPS confirmed that one of its aircraft had been involved in an accident near Louisville, Kentucky. It has not yet confirmed any injuries. UPS Worldport is located at the airport. It's a hub for UPS's global air cargo operations, and it has the largest package handling facility on the planet. WLKY-TV a local CBS affiliate broadcast live aerial footage of the scene as night fell. The red-orange glow from the fires that were ignited by the crash on the ground spread across nearly a mile. The Louisville Metro Police Department responded to reports that a plane had crashed and injuries were reported. "Kentucky we are aware that there has been a reported crash near the Louisville International Airport. We will provide more information when we have it. Please pray for all those affected, including the crew of the plane and pilots. Andy Beshear, Kentucky Governor, said that he would be sharing more information soon on X. Reporting by Gnaneshwarrajan in Bengaluru; David Shepardson, in Washington; Chris Thomas, in Mexico City, and Steve Gorman, in Los Angeles. Editing and production by Nia William and Jamie Freed).
-
Air Canada narrows 2025 core profit forecast amid US travel decline
Air Canada has lowered its core profit forecast for 2025 after reporting lower third quarter profit on Tuesday. The airline is grappling with the waning travel demand to the U.S. due to trade tensions. The largest Canadian airline expects adjusted full-year earnings before interest taxes, depreciation, and amortization will be between C$2,95 billion ($2,10 billion) to C$3,05 billion. This is compared to its previous forecast of C$2.9 to C$3.1. Travel between Canada and the U.S., which is a cross-border activity, has been significantly reduced this year. This was due to President Donald Trump's tariffs that were imposed on Canadian imports. These steep tariffs caused a backlash across the country. The Canadian carrier was also hit by a major shut down in the third quarter after almost 10,000 flight attendants went on strike for better pay and compensation for "groundwork" that wasn't paid. Air Canada's entire fleet was grounded after the four-day strike, which violated an order from the government to return to work. This resulted in thousands of cancelled flights, a severe disruption of operations, and a significant loss of revenue. Last month, the airline cut its financial projections for the year and quarter to reflect the impact of the strike. Air Canada reported that it incurred labor charges and a pension cost of C$173,000,000 in the third quarter. These included costs related to a tentative agreement with the Canadian Union of Public Employees. The company's adjusted profit for the third quarter was C$223,000,000, or 75 Canadian Cents per share. This compares to C$969,000,000, or C$2.57 each share, one year ago. The total operating revenue for the period was C$5.77billion, down from C$6.11billion in the previous year. (1 Canadian dollar = 1.4024 dollars) (Reporting and editing by Sriraj Kalluvila in Bengaluru, Shivansh Tiwary in Bengaluru)
-
CANADA-CRUDE-Discount on Western Canada Select narrows
On Tuesday, the discount between West Texas Intermediate and Western Canada Select futures (the North American benchmark) narrowed. CalRock reported that WCS for Hardisty, Alberta December delivery settled at $11.05 per barrel below the U.S. benchmark WTI. This is compared to the close on Monday of $11.10. Martin King, RBN Energy analyst, said: "The bidding for Canadian crude is very strong. The result has been tighter differentials than usual for this time of the year." King stated that the Chinese continue to be the largest buyers of Canadian crude oil via the Trans Mountain Pipeline. King said that the buying of Canadian barrels to re-export from the Gulf Coast was also stronger than normal in response to additional sanctions against Russia. The oil prices fell on Tuesday due to weaker manufacturing data and a stronger US dollar. The OPEC+'s decision to pause production increases in the first quarter next year may be a sign that the group is concerned about a possible supply glut. (Reporting from Amanda Stephenson, Calgary; Editing Shilpi Magumdar)
-
Matson has paid over $6.4 million to China in port charges since the levies began in October
Matt Cox, the CEO of U.S. ocean-shipping company Matson, said that since October 14, Matson had paid $6.4m in port fees to China. Last week, President Donald Trump agreed with President Xi Jinping to put these tit-fortat levies in pause for a year starting November 10. China's media reported that Hawaii's Matson, which is one of a few global shipping companies with U.S. built and -flagged ships, was the first company to pay these fees. Cox, Matson's CEO, said that the U.S. trade representative and the China Ministry of Transport will soon publish detailed instructions, as well as any refund programs regarding port entry fees. The Trump administration announced early this year that it would levy fees for China-linked vessels to weaken the country's grip over the global maritime sector and boost U.S. Shipbuilding. However, vessel operators were concerned about the impact of the move on trade and the cost to consumers. China responded by imposing fees on vessels with links to the United States. They began charging these fees on October 14, the same date that the U.S. fees came into effect. Cox called the agreement between the world's two largest economies a "welcome development". It also reduced U.S. duties on Chinese products and suspended China's export restrictions on rare earths. Cox stated that if the levies hadn't been suspended, Matson would have had to pay $80 million in port fees annually between 2026 and 2027. Analysts said that the state-owned COSCO shipping line in China was most vulnerable to U.S. Port fees. This could cost them $1.5 billion per year. (Reporting and editing by Chris Reese, Matthew Lewis and Lisa Baertlein)
-
Pope calls on US to 'deeply reflect' about treatment of migrants under Trump
Pope Leo said that the spiritual needs and concerns of migrants in detention must be taken into consideration. The pope, speaking to reporters at Castel Gandolfo outside Rome, was asked what he thought about immigrants who were being held in a federal facility near Chicago in Broadview and denied the chance to receive Holy Communion, a religious obligation. Leo, originally a Chicago native, cited Matthew’s Gospel, Chapter 25. "Jesus said very clearly that at the end of time, we will be asked how you received the foreigner. Did you welcome and receive him? "I think there needs to be a serious reflection on what is happening," said the pontiff. "Many people have been affected deeply by what is happening right now, even though they've been living for years without causing any problems," he said. Leo, first U.S. Pope, has previously condemned the federal government’s treatment of immigrants caught in a crackdown which has caused cities to be roiled across the country. He said that Tuesday, in reference to Broadview's detainees, the spiritual rights of the prisoners must be taken into consideration. He said, "I'd invite the authorities to let pastoral workers attend to those people's needs." They've often been away from their families for some time. No one knows, but it's important to attend to their spiritual needs. On November 1, the Catholic feast day of All Saints (November 1), a delegation of clergy including a Catholic Bishop tried to bring holy Communion to the inmates, but was denied entry to the facility. The detainees were part of Trump’s hardline strategy in Chicago where, according to the U.S. Department of Homeland Security, more than 3,000 individuals have been held. Leo was elected in May as the successor to the late Pope Francis. He has a more reserved style, but he has started criticizing Trump's administration more publicly, provoking a backlash among prominent conservative Catholics. In his first document of importance, published on October 9, he appealed to the world to assist immigrants and cited one of Francis’ strongest criticisms of Trump. Leo, in response to questions from reporters on Tuesday, also criticized the U.S. Government's decision to send warships into the waters around Venezuela. He said that the role of the armed forces is to "defend peace", whereas Trump's action was "increasing conflict." "We will not win by violence. The (right) way is to seek dialogue, and to find the correct solutions to problems that may exist in a nation." (Reporting and writing by Yeshim Dikman; editing by Alistair Bell).
Taiwan: China ignores requests for information about new airport safety concerns
Taiwan's Civil Aviation Administration stated on Wednesday that China had not provided any information regarding a new airport that will open in the next year, less than 10 kilometers (6 miles) away from a Taiwanese Airport. This raises flight safety concerns.
Xiamen's Xiang'an Airport is located only 3 km away from Taiwan's Kinmen Islands, the site of the Cold War's on-off battles. Construction work can also be heard and seen from Taiwan.
Taiwan's Civil Aviation Administration sent a statement to saying that close airports need to be planned and coordinated in advance to ensure safety and smooth operation.
It said that the administration had requested China to provide information on planning in order to assess the impact of Xiang'an Airport on Kinmen Airport.
The report added, "However the relevant Chinese civil Aviation authorities have not provided us with any information up to date."
It said that China has an obligation to make sure the newly constructed Xiamen Xiang’an airport does not interfere with our airspace.
"The Civil Aviation Administration urges the Chinese air traffic controllers to start discussions with us immediately."
Requests for comments were not immediately answered by either the Civil Aviation Administration of China or China's Taiwan Affairs Office.
Kinmen Airport mainly offers domestic flights, but also charters to international airports.
China's government has refused to speak with Taiwan President Lai Ching Te, calling him a "separatist".
Taiwan officials are concerned that China may try to exert control over Kinmen through a development plan which will be unveiled early next year. They see Xiamen airports as a potential part of this plan.
Taiwan and China have had previous clashes over the safety of flights around Taiwan's offshore island, as well as China's opening new flight routes through the Taiwan Strait. Taipei also denounced this move by China to be unilaterally made without consultation.
Taiwan controls the Kinmen and Matsu Islands, located just off the coast of China, ever since the defeated Republic of China fled to Taipei after losing the civil war against Mao Zedong’s communists in 1949. Reporting by Ben Blanchard, Editing by Raju Gopikrishnan
(source: Reuters)