Ryanair reported a stronger-than-expected first-half profit on Monday, supported by robust summer demand and improved aircraft deliveries from Boeing, prompting the airline to raise its full-year passenger forecast.The Irish carrier, Europe’s largest by passenger numbers, posted an after-tax profit of 2.54 billion euros ($2.96 billion) for the six months to…
Asian markets started the week on a mixed footing, as investors weighed a positive handover from Wall Street against a fresh round of disappointing manufacturing data from China that clouded the economic outlook for the region.South Korea’s market surged to a new record high, leading gains, while Chinese stocks faltered,…
Global attention was fixed on several major developing stories this past week, from a pivotal Supreme Court case in the United States to shifting dynamics in the global energy and precious metals markets. President Donald Trump announced he would not attend a historic hearing on his tariff powers. Gold prices…
The climate impact of the world’s wealthiest individuals extends far beyond their luxury consumption and energy use, with their investment portfolios representing a much larger, and often overlooked, contribution to global emissions, according to a new report.The study, from researchers at the prestigious World Inequality Lab, argues that to truly…
President Donald Trump has reversed his decision to attend a landmark Supreme Court hearing this week, a case that will determine the legality of his signature tariff regime and could fundamentally alter the primary tool of his second-term foreign policy.After announcing that he might attend, President Trump confirmed Sunday he…
Three years ago, Cambodian Prime Minister Hun Sen presented a collection of locally crafted wristwatches to world leaders, including Joe Biden, Justin Trudeau and Anthony Albanese. Each watch bore the logo of Prince Holding Group, a conglomerate headed by Chen Zhi, a China-born entrepreneur who had reinvented himself as a…
European markets began the new week and month with a positive, albeit cautious, tone on Monday, as investors digested a strong earnings report from Ryanair ahead of a pivotal week for central bank decisions.The pan-European Stoxx 600 index opened just above the flatline. Shortly after the start of trading, the…
India’s financial crime agency has provisionally frozen Rs 30.84 billion ($350.87 million) in assets linked to Ani Ambani’s Reliance Group.The Enforcement Directorate (ED) initiated the action as part of an extensive money-laundering investigation into loans issued by YES Bank Ltd between 2017 and 2019 amounting to more than $568.86 million.…
Shares of South Korea’s leading entertainment companies rallied after South Korea’s national broadcaster KBS signed a content exchange agreement with China Media Group (CMG), signaling a potential end to the unofficial ban that has long stifled South Korean entertainment in the Chinese market.SM Entertainment rose more than 8%, JYP Entertainment…
Ryanair reported a stronger-than-expected first-half profit on Monday, supported by robust summer demand and improved aircraft deliveries from Boeing, prompting the airline to raise its full-year passenger forecast.The Irish carrier, Europe’s largest by passenger numbers, posted an after-tax profit of 2.54 billion euros ($2.96 billion) for the six months to…