BP’s Olympic Pipeline system remained shuttered on Monday following a fuel leak near Everett, Washington, prompting an investigation by the company and authorities and forcing airlines to activate contingency plans as the busy Thanksgiving travel week ramps up.The product discharge, initially reported on November 11, led BP to shut down…
India and France have strengthened their long-standing defense partnership with a new agreement to jointly manufacture an air-to-ground precision weapon system, marking another step in New Delhi’s push to build advanced military capabilities within its borders. The pact, announced Monday by India’s Ministry of Defence, is part of a broader…
PT Super Bank Indonesia is preparing for a public listing in Jakarta, drawing fresh attention to the country’s fast-expanding fintech landscape. The move comes as digital lenders strengthen their push for scale, funding, and technology upgrades to serve a growing online customer base.Indonesia’s IPO market has already surpassed last year’s…
Novo Nordisk stock price has suffered a harsh reversal this year as the company’s woes have escalated. It plunged to a low of DKK 267.50 on Monday, down by over 70% from its highest point in 2024, with its market cap falling to DKK 4.64 trillion to DKK 1.24 trillion…
China’s instruction for its airlines to scale back services to Japan through March 2026 is emerging as a decisive response to a sharp collapse in travel demand, reported Bloomberg.As per the guidance issued last week, the order came soon after comments by Japanese Prime Minister Sanae Takaichi triggered diplomatic tension…
SoftBank Group shares tumbled to a 2½-month low on Tuesday, extending a sharp two-day selloff triggered by concerns that Alphabet’s latest Gemini artificial intelligence model could intensify competitive pressure on OpenAI — one of the Japanese conglomerate’s most important investments.The stock fell as much as 11% in Tokyo, following a…
On Monday in Bratislava, Christine Lagarde did something central bankers rarely do. She told Europe to hurry up. The president of the European Central Bank warned that if the region does not move faster on artificial intelligence, it risks “jeopardising Europe’s future”.At the same time in Brussels, the European Commission…
India is entering a new phase in its Russian oil trade as banks develop stricter checks to navigate Washington’s latest sanctions. Lenders, which only weeks ago were reluctant to clear any payment linked to Russian crude, are now prepared to consider transactions if cargoes come from non-blacklisted sellers and follow…
Russia is looking to expand its energy partnership with China, with Deputy Prime Minister Alexander Novak announcing in Beijing on Tuesday that Moscow sees opportunities to increase oil exports and enhance cooperation on liquefied natural gas (LNG) supplies.Since Russia initiated its military action in Ukraine in February 2022, China and…
Europe is grappling with a mix of political pressure, corporate setbacks, and geopolitical maneuvering.UK business leaders are calling for a sharper, growth-focused budget, while Novo Nordisk faces disappointment after its Alzheimer’s drug failed a key trial.In France, a telecom union is challenging Amazon’s satellite ambitions over security concerns, and on…