Air France-KLM is leaning toward Airbus SE’s A350 widebody model to renew its long-haul fleet, according to people familiar with the airline’s thinking, giving the European planemaker a major commercial win as demand picks up for long-distance travel.
Consumer stocks, one of the brightest corners of the market this year, are about to lose their shine as risks build for the sector, according to Morgan Stanley’s Michael Wilson.
Corporations are buying back bonds at the slowest pace in decades — a sign that they’re waiting to refinance — though this hesitancy could come back to haunt them as maturities pile up and interest rates stay higher for longer.
Ares Management Corp is providing a direct-lending package of about £1 billion ($1.2 billion) to support the merger of two personal insurance businesses in the UK, according to people familiar with the matter.
The mainland unit of China Evergrande Group said it missed principal and interest payments totaling several billion yuan, adding further uncertainty to the fate of the giant developer at the center of the country’s property crisis.
Electric-car maker Zeekr is banking on extra momentum from sister brands like Volvo Car AB to push into Europe, just as growing global trade tensions threaten Chinese carmakers’ ambitions for the region.
UK consumers face bigger water bills with the industry forecast to bolster investment by up to 75% as companies seek to repair aging, leaky pipes.
Senior US officials arrived in Armenia amid growing fears of an exodus from Nagorno-Karabakh after Azerbaijan’s military operation to take control of the region that’s at the center of a decades-long conflict.
The luxury industry’s troubles are mounting, with US department stores struggling and China failing to live up to expectations as a growth motor in the post-pandemic world.
Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to the latest Federal Reserve study of household finances.
