Air France’s decision to dramatically thin out its domestic network highlights a trend set in motion even before the pandemic upended travel behavior: aircraft are increasingly losing their competitive edge on shorter routes.
Nishad Singh, a former executive at FTX, told Sam Bankman-Fried that he was uncomfortable with the “super ostentatious” $30 million Bahamas penthouse the company bought as a corporate crash pad. But those concerns didn’t stop Singh from moving into the nicest room.
Procter & Gamble Co. reported sales and profit that surpassed analysts’ estimates as higher prices bolstered the business despite a lower volume of products sold.
Abbott Laboratories’ quarterly results showed growth across medical devices for heart disease and diabetes, a relief for investors who feared popular drugs such as Novo Nordisk A/S’s Ozempic would be bad for business.
United Airlines Holdings Inc.’s shares fell the most in six months after the carrier warned that the suspension of flights to Tel Aviv and higher jet fuel costs would drag profit this quarter well below Wall Street’s expectations.
A new cancer medicine developed by AstraZeneca Plc and Daiichi Sankyo Co. seemed to fall short of investors’ expectations in partial results released early after a data leak at a medical conference.
Private credit funds at Apollo Global Management Inc. and Goldman Sachs Asset Management are among firms working on a plan to provide a €4.5 billion ($4.8 billion) loan to back a take-private bid for classifieds company Adevinta ASA, according to people familiar with the matter.
As Arab leaders lined up to condemn a deadly explosion that fueled concerns a humanitarian crisis is escalating in Gaza, Israel’s Prime Minister Benjamin Netanyahu made clear Israel will push ahead with its plans to target militants in the territory.
(Bloomberg) — The European Union will pledge to prop up its wind industry in the face of toughening global competition, supply-chain bottlenecks and financing concerns to ensure that the bloc can meet ambitious climate and sustainable growth plans.
Switzerland wants to bid for the 2030 Winter Olympics, pledging to spread venues across the country and avoid new construction in order to win over skeptical locals who’ve rejected past attempts to host the Games.
