Business News
The boy, 6, landed in Orlando, Florida, instead of Fort Myers, where his grandma lives. Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday. The filing comes after two failed mergers in less than two years – one recently with … Read more
Investing.com — Enel’s (ETR:) updated 2025-2027 guidance posted a mixed yet cautiously optimistic outlook. The utility giant projects an EBITDA range of €22.9-23.1 billion for FY25 and €24.1-24.5 billion for FY27, marking an approximate 8.2% growth midpoint from 2024 to 2027. While net income guidance indicates modest increases, the shift in dividend policy is notable—raising … Read more
Emma Reynolds, UK pensions minister, has left the door open to forcing pension schemes to invest more in British assets if reforms fail to drive savings into domestic infrastructure and companies. The government announced this week it would create a series of “megafunds” to steer more of the UK’s £1.3tn defined contribution and local authority pension industry … Read more
The skeleton of a 22-metre-long dinosaur (70 feet) fetched six million euros ($6.4 million) Saturday, AFP learned from auction houses Collin du Bocage and Barbarossa. An anonymous collector snapped up the vegetarian apatosaurus, which was dug up in the United States, for 4.7 million euros rising to 6 million including costs. The buyer pledged to … Read more
The government is preparing to introduce major reforms in the insurance sector by allowing 100 percent foreign direct investment (FDI) in insurance companies, according to a report in the Times of India. These changes are part of the upcoming Insurance Amendment Bill, which will be presented during the winter session of Parliament. If … Read more
(Bloomberg) — Bitcoin recovered from its biggest two-day retreat since the US election in choppy trading that reflects shifting assessments of the impact of President-elect Donald Trump’s policy agenda. Most Read from Bloomberg The digital asset fell almost 3% over Saturday and Sunday before rising back to $92,000 as of 7:05 a.m. Monday in London. … Read more
Nov. 18, 2024 3:12 AM ETJapanese Yen / US Dollar (JPY:USD), USD:JPY, NKY:INDEWJ, DFJ, DXJ, FXY, YCL, YCS, DBJP, HEWJ, JPXN, FLJP, BBJP, EWJVBy: Jessica Kuruthukulangara, SA News Editor Tomohiro Ohsumi/Getty Images News The Bank of Japan will continue to raise interest rates and adjust the degree of monetary accommodation if the economy improves as … Read more
Check out what’s clicking on FoxBusiness.com. The Centers for Disease Control and Prevention and public health officials across 18 states are investigating a large outbreak of E. coli linked to organic carrots. As of Sunday, the outbreak has left one person dead and at least 39 infected, causing some to be hospitalized. The carrots originated … Read more
SEOUL, South Korea, Nov. 18, 2024 /PRNewswire/ — Korea (KRX:010130), the world’s leading non-ferrous metal smelting company, announced today that its precursor technology, a key material for secondary batteries, has been designated as “national core technology” and “national high-tech strategic technology” by the Korean government. The precursor technology, jointly owned by Korea Zinc and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The head of the UK’s Government Legal Department is pushing for more of a “revolving door” with industry, as US law firms in London spur large salary increases, putting extra pressure on public sector hiring. … Read more