Western Europe

Mali's finance minister has said that it could use the revenues generated by recent reforms in the mining sector to raise as much as 500 billion CFA Francs ($883.1m) to fund energy, water, and transport projects. This is part of an effort to convert higher mining revenue into infrastructure funding. The comments are the first sign of how the Mali military government plans to use the windfall it will receive from the overhaul of its mining code in 2023. This new code increased royalties and state stakes for mining projects, causing disputes with mining operators such as Canada's Barrick. In...

Singapore has granted 'eight new licenses for the supply of liquefied 'natural gas to be used as a marine lubricant in Singapore starting?September 1, -2026, Maritime and Port Authority of Singapore announced on Thursday. The new licenses will increase Singapore's LNG bundling capacity in order to meet the growing demand and support a multi-fuel hub. Licenses were granted to a number of companies, including Aramco Trading Singapore and Equatorial Marine Fuel?Management?Services. Other recipients include PetroChina International Singapore and Shell Eastern Trading. The licenses are valid for a period of five years, from September 1, 2026 until August 31, 2031. LNG...

Avolta, a travel retailer and food service operator, reported on Thursday a 3.7% increase in its organic first-half turnover. Tight cost management helped to generate cash despite the volatile geopolitical environment. The Swiss company that operates shops, cafes and restaurants in airports, cruise ships, seaports, and other tourist destinations worldwide reported a core turnover of 6.44 billion Swiss Francs ($7.90billion) for the first half, down from 6.61?francs an year ago. The company stated that organic growth would have increased by 5.2% if the Middle East conflict had been taken into account. Avolta's medium-term outlook was maintained, with the company citing...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Aeroports de Paris - The Paris airport operator ADP reported that the net income attributable to the first half nearly tripled, reaching?312 millions euros. It has lowered its estimate for the annual traffic growth of Paris Aeroport by 2026 from an earlier range of 1.5% to 2.5%. Now, it expects recurring EBITDA?of between?2.30 and 2.35 billion euro. AIRBUS: Airbus AIR.PA voiced increasing confidence in its critical jet delivery target and maintained other 2026 goals as it unveiled stronger-than-expected second-quarter results...

As investors become more selective, major U.S. tech companies are borrowing heavily to fund their artificial intelligence builds. The yields on these loans have been steadily increasing. According to a LSEG analysis, Amazon, Alphabet and Meta Platforms issued approximately $194 billion of bonds between 2026 and July 7. This is up 79% compared to roughly $108 billion of bonds from 2025. Goldman Sachs expects the bond issuance of five hyperscalers including Microsoft Corporation to reach approximately $250 billion this year, and $400 billion by 2027. These investment-grade companies have seen their borrowing spreads increase over the risk-free rate for all...

Authorities at Gatwick Airport said that water supplies were interrupted 'on Sunday due to a power 'outage in a local treatment -works. Passengers reported the issue on social media. They said that it had led to the failure of flushing toilets and closures?of bars and restaurants. Water supplies were affected in both terminals of the airport, Britain's second busiest airport after Heathrow. The statement said that "Bottled Water is available to passengers and staff at the airport, and contingency measures have been put in place for the passengers' welfare." Water utility SES Water reported that complications caused by an outage...

Euronext Wheat Futures dropped?more? than 6% after reports that Ukraine was looking at possible ways to keep vessels moving through its Big Odesa port. This raised hopes for Black Sea exports. The price of front-month milling wheat for September on Paris' Euronext fell?6% at 1320 GMT to EUR228.75 ($260.02), after falling as low as EUR226.25 per ton earlier. Chicago's most popular wheat contract was down 4% at the same time. ExpertGrain Media reported that under 'the proposal', shipowners would notify both Ukrainian authorities and Russian authorities prior to vessels calling at ports in either of the countries. Ships registered under...

Union Pacific announced a 'rise' in its second-quarter profits on Thursday as a result of?strong freight demand? and pricing gains? that overshadowed an increase in operating expenses? U.S. Railroads have benefited from their pricing power and operational discipline. They have also improved network reliability and performance on time to support freight volumes and attract more business. West Coast Railway's net income for the second quarter was up 6.6% to $2 billion or $3.36 a share from $1.9billion or $3.15 a share compared to a year ago. The company's revenue increased 12% from the previous year to $6.86 billion. The freight...

The price of European wheat soared on Wednesday due to renewed drone attacks and the closure of Novorossiysk, the major Russian grain export hub, overnight. Benchmark 'September' milling wheat traded on Paris-based Euronext was up 4.5% at 1530 GMT, to 245.25 Euros per metric ton. Chicago wheat increased by 4% at the same time. Three grain industry sources reported on Wednesday that Russia has temporarily banned vessel movements into and out of Novorossiysk port between midnight and 5 a.m. due to drone attacks by Ukraine. The port is operating as normal outside of the nighttime restrictions, and grain shipments are...

Maersk, a shipping group from Denmark, announced on Tuesday that it has halted service via Ukraine's Chornomorsk Fishing Port. This announcement was made after Russia intensified their attacks on Kyiv’s maritime export routes. Maersk is the second major?company this month to cease operations out of Chornomorsk after Ukraine's largest grain exporter Kernel Holding stopped operations last week at the city's principal port due to Russian attacks. Maersk, in a press release, said that despite not mentioning the Russian strikes directly, due to current?situations affecting their operations, they were unable to provide service to Ukraine through?Chornomorsk Fishing Port. Our service via...

Two industry sources reported that commodity trader Glencore will withdraw 30,000 metric tonnes of 'lead' from London Metal Exchange storage warehouses after inventories of the battery metal soared to records. One source and two others familiar with the situation said that Hartree Partners, a fellow trader, also marked metals for delivery from a warehouse by cancelling the lead stocks. The sources did not specify how much lead Hartree cancelled. These withdrawals can create the impression that there is a 'physical demand' for lead when in fact it may be simply being moved between traders or warehouses, rather than actually reaching...

Here are some of the main factors that could affect Swiss stocks on Friday: H1 net income CHF 105.2 millions. GEORG FISCHER The expected proceeds of CHF 220 MILLION from the divestment and sale of the?industrial gas-turbine business will be used to reduce debt. Company Statements Novartis ?Fabhalta Receives FDA Approval. ANALYSTS VIEWS FLUGHAFEN ZUERICH AG-Jefferies raises the target price from CHF 246 to?CHF252? ECONOMY No major Swiss economic data scheduled. (Reporting by Zurich newsroom and Gdansk newsroom) |1|For Top News in ?a multimedia Web format on Eikon visit: https://bit.ly/2NDFd6g FOR ?RELATED PRICES, NEWS AND ?OTHER ?TOPICS, DOUBLE-CLICK ON: Daily...

These are the most popular?stories from the Wall Street Journal. ? This?story has not been verified and we cannot vouch for its?accuracy. Takeda, a Japanese pharmaceutical giant, has formed a partnership with InSilico to develop AI-based drugs. The initial potential value is $600.0 million. Northern Star has chosen the former head of Glencore’s Nickel and Zinc Industrial?Assets as its new chief executive. This is because it faces pressure from activist investors Elliott Investment Management to make changes. The United States did not agree to renew the USMCA under its current form, U.S. Trade Rep Jamieson Greer stated on Wednesday. This...

CMA -CGM, a French shipping company, has acquired FedEx's "third-party logistics" business, valued at $1.4 billion. The deal was announced on Wednesday, in an effort to increase its presence both in the United States and the logistics industry. The deal, which is expected to be completed later this year, will give CMA CGM, via its CEVA Logistics subsidiary a total of 20,000 contract logistics employees and 150 warehouses in North America. CMA CGM announced that following the acquisition the companies will also develop partnerships, under which CMA CGM would be the "preferred ocean carrier" for FedEx, and they would collaborate...

The Financial Times reported that the French container shipping company CMA CGM was 'nearing' a deal to buy FedEx's third-party logistics division for $1.4 billion cash. The report said that the talks between the two companies have advanced to a point where a deal may be reached as early as Wednesday. Could not verify the report immediately. CMA CGM and FedEx didn't immediately respond to comments outside of regular business hours. CMA 'CGM will be diversifying into air freight and logistics. FedEx will be able to focus on its core network of air-ground deliveries after selling its third-party logistic business...

FedEx beat estimates for its quarterly profits?and projected an 11% increase in revenue by 2026. However, shares fell 5.7% after a margin drop in the core express segment. Delivery giant also predicted earnings per share between $16,90 and $18,10 for the year. It has shifted its fiscal year from May to coincide with the calendar, instead of its previous year-end. Analysts are still working on'models' that will allow them to compare the new forecast with their previous one. It also follows its June 1 spin-off of its freight trucking division, FedEx Freight. This is part of a multiyear effort by...

FedEx, a global delivery company, said that it expects its revenue to increase?about 11 percent and earnings per share to be in the range of 16 to 18 dollars. This comes after reporting on Tuesday a higher profit for the fourth quarter, helped by increased rates. FedEx's fiscal year has been aligned with the calendar. The fiscal year of FedEx ended on May 31, previously. This comes just weeks after FedEx Freight was spun off on June 1, as part of a multi-year effort to streamline its operations and reduce costs by billions of dollars. FedEx reported an adjusted profit...

Companies are trying to protect their workers and keep operations running as temperatures in Europe reach above 40 degrees Celsius. They also want to take advantage of the soaring demand that could be a relief. DHL, the German logistics giant, has provided its delivery staff in Germany with "cool boxes", which contain reusable cooling towel, water-activated arm coolers, and UV-protective collar guards. Construction firms have shifted their working hours so that they start earlier and end before the hotter part of the day. Retailers are struggling to meet the demand for portable air conditioners and fans. DHL stated that "extremely...

Gregor Stuart Hunter gives us a look ahead at what the markets will be like in Europe and around the world. The yen is once again near its lowest levels?in the last 40 years, and the possibility of a joint intervention is looming after the?U.S. and Japan's finance minister met online. Treasury Secretary held an online "meeting" to discuss global financial markets. In the morning Asian trading on Tuesday, the yen traded at 161.60 to a dollar, its lowest level in two-years. It had moved within a few pip of levels that were not seen in decades during U.S. market...

DHL Express Europe believes that its aviation fuel supply is secure for the summer, despite the uncertainty caused by Iran's war. This was made possible by diversifying its sources and easing market pressures, according to Chief Executive Mike Parra. The jet fuel market has loosened over the past few weeks, as the demand for the product has weakened and the imports of it into Europe from the United States have increased. DHL Express is the largest division within German logistics and post services group DHL. It employs approximately 120,000 people around the world. DHL Express operates a fleet consisting of...

DHL Express Europe's CEO, Mike Parra, said that despite the uncertainty caused by a looming war in Iran, it is confident about its aviation fuel supplies for the summer. This is due to easing market pressures and diversifying its sources. In an interview with Parra on Tuesday, he said: "At this time, we do not have any risk" in major hubs, gateways or?major cities. No disruptions are anticipated. In recent weeks, the jet fuel market has loosened as the demand for it has slowed and imports from the United States of America, Nigeria, and South Korea have increased. The head...

At its annual Choose France Business Summit on Monday, France announced 71 projects for foreign investment worth a total of EUR93 billion ($108.3billion). They will create over 15,600 jobs. The biggest announcements focused on?artificial Intelligence and data centres. President Emmanuel Macron is seeking to position France as a European Hub?for AI Infrastructure, helped by the?low-carbon electric supply. Here are some of the major 'investment' pledges: AI AND DATA CENTRES SoftBank has plans to build and operate five gigawatts of AI-dedicated capacity data centres in France. This includes an initial EUR45billion investment in Hauts-de-France for 3.1gigawatts by 2031. These projects will...

Ofcom, the British media and telecoms regulator, opened an investigation on Monday into Royal Mail after it failed to meet its delivery targets for fiscal 2025/26. The post and parcel group is embarking on new delivery patterns as well as investing in order to improve service. Royal Mail will invest PS500 million (approximately $673 million) over the next five-years to reduce delivery times and costs. This comes after regulator Ofcom set "minimum acceptable deadlines" and launched a price review of its business last year. Ofcom published delivery data last Friday showing that, for the year up to March, only 75.7%...

?The U.S. The U.S. Postal Service announced Thursday that it had signed a'multi-year agreement with DHL eCommerce for parcel delivery in the U.S. DHL?eCommerce is a U.S. division of the German logistics giant DHL Group. The deal, according to DHL, will help the company grow on the U.S. Market over the next few years. DHL eCommerce, which has 19 hubs in the U.S., will be responsible for the pickup and sorting of all deliveries before USPS completes the final mile. Deal is crucial for the financially strapped USPS. It has warned that it may run out of money as early...