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AviationFeatured
Iran war: Higher fuel costs weigh on UK carriers’ earnings outlook
Ryanair's profit slumped by a third in the Q2, with the budget carrier further anticipating a downfall in its summer fares amid 'consumer nervousness'
CommodityFeatured
British Steel nationalisation: The next flashpoint in China-UK relations?
The government said the decision was taken in the 'national interest' after failing to reach an agreement with current owner Jingye Steel
FeaturedTelecom
UAE’s e& exits Vodafone as Xavier Niel becomes largest shareholder in USD 5.95 billion deal
e& built its Vodafone position gradually, starting with a 9.8% stake bought for USD 4.4 billion in 2022, back when the company was still known as Etisalat
FeaturedTechnology
With a 25% downfall, IBM shares suffer worst day after earnings warning
In a massive setback for CEO Arvind Krishna, IBM sees its Q2 revenue coming in at USD 17.2 billion, missing analyst forecasts of USD 17.86 billion
BankingFeatured
Deutsche Bank steps in as Chinese used-car AI firm DSC Holdings lists on Nasdaq
DSC priced its initial public offering at USD 17 per American depositary share, selling three million of them and raising around USD 51 million before fees
FeaturedMarkets
Short sellers gain USD 8.7 billion on SpaceX’s valuation decline
Talking about SpaceX's market dip, from the post-IPO high of USD 225.64, the stock has come down to USD 135
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