Business News

Low-cost airline Ryanair threatened Wednesday to stop serving 10 French regional airports if the government goes forward with a proposed tax hike. The French government is scrambling to plug a larger-than-expected budget deficit, and a tripling of a tax on airline tickets, as well as private jets, is one of the measures currently under consideration. … Read more

Adani bribery row: Adani Group has responded to the US indictment and said that the allegations are all baseless and denied. The conglomerate has said it would take all possible legal recourse.  “The allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless … Read more

(Bloomberg) — Baidu Inc. (BIDU) recorded its biggest revenue drop in more than two years after China’s economic malaise undermined its push into generative AI. Most Read from Bloomberg Revenue for the three months ended September slipped 3% to 33.6 billion yuan ($4.6 billion), in line with analysts’ projections. Net income came to 7.6 billion … Read more

Trevor Williams Stock futures slipped early Thursday, with NVIDIA’s disappointing outlook dampening market sentiment. Here are some of Thursday’s biggest stock movers: Biggest stock gainers Snowflake (SNOW) shares soared over 20% following its Q3 earnings beat, highlighted by nearly 30% Y/Y growth

By Sakshi Dayal and Shilpa Jamkhandikar NEW DELHI (Reuters) – Indian opposition parties demanded a probe on Thursday into allegations of wrongdoing by the Adani Group and said they would raise the issue in parliament after its chair Gautam Adani was charged in the U.S. over an alleged bribery scheme. Billionaire Adani was indicted by … Read more

Olaf Scholz is facing a “Biden moment” amid growing pressure from his own party to abandon his bid for a second term as German chancellor and make way for the more popular defence minister. Scholz has the backing of the Social Democratic leadership, which so far supports his bid to lead the party in its … Read more

Good morning. As the UN COP29 climate meeting in Baku wraps up this week, IKEA CEO Jesper Brodin has a message for those who missed out—or who would like to back out: “Our transformation has begun and is irreversible,” he told me on the phone from Azerbaijan. “There’s no way we would reconsider because of … Read more

Arrest warrants have been issued in the US for Gautam Adani and his nephew Sagar Adani and prosecutors plan to hand those warrants to foreign law enforcement, court records show.  Gautam Adani is a first-generation tycoon whose phenomenal rise has been accompanied by a series of damaging controversies at home and abroad. The Adani Group, … Read more

Halma press release (OTCPK:HLMAF): 1H Non-GAAP EPS of 36.90p. Revenue of £950.5M (+8.6% Y/Y). Strong cash performance; continued balance sheet strength: cash conversion9 of 96% (2022/23: 63%), above 90% target; net debt/EBITDA 1.4 times, within operating range of up to 2 times.