The US Federal Aviation Administration (FAA) intends to relax the delivery criteria for new Boeing Co. planes that were established following several incidents, according to The Wall Street Journal, which cites sources. The sources indicate that Boeing will obtain regulatory authorization to carry out final safety inspections for the 737 MAX independently. The announcement of the decision might...

Indian fintech firm PhonePe, which runs the nation's leading payment app, has submitted its IPO application, according to a news report by Reuters that references a company representative. The submission was private, blocking the release of documents until the agreement is complete. A source with knowledge of the situation states that PhonePe intends to go public by the middle of next year. A...

Danish toy company Lego announced purchase of discovery centers from theme park operator Merlin Entertainments for £200 million ($270 million). A joint press release states that LEGO Discovery Centers attract around 5 million visitors each year. They merge Lego play spaces, inventive workshops, and retail shops. Out of the acquired centers, 15 are positioned in North America, seven in Europe,...

The Swiss bank UBS has announced in a statement that it will pay €835 million in fines and damages in France to resolve a prolonged case related to its involvement in aiding tax evasion by affluent clients. The bank will specifically pay €730 million in penalties and €105 million in damages to the French government. The matter relates to events in the nation from 2004 to 2012. In 2023, the...

Jaguar Land Rover, based in the UK, revealed that the production halt due to a cyberattack will continue until October 1. The systems faced an attack in early September, and the downtime will be prolonged to enhance readiness for a gradual restart of operations. Jaguar, the manufacturer of Land Rover, Jaguar, and Range Rover vehicles, initially disclosed the cybersecurity incident on September 2....

The American pharmaceutical firm Pfizer Inc. is purchasing the biopharmaceutical company Metsera Inc., known for its obesity treatment developments. Pfizer declared it will purchase all Metsera shares for $47.50 in cash. This signifies a premium of roughly 42.5% above Friday's closing price. Pfizer is also ready to pay an extra $22.50 for each share if Metsera reaches specific milestones, such...

According to sources cited by CNBC, American media firm Paramount Skydance could value Warner Bros. Discovery at $22-$24 per share in its anticipated acquisition bid. This might assess Warner Bros. at as much as $59.4 billion. Nevertheless, the price range relies on speculation, and the bid might occur later than anticipated, CNBC observes. Last week, the network revealed that Paramount...

German car manufacturer Volkswagen (VW) has revised its operating margin outlook for 2025 down to 2-3% from a previous estimate of 4-5%, as per a statement. The firm now anticipates zero net cash flow in the automotive sector, reduced from its earlier forecast of €1-3 billion. VW maintains its revenue forecast at €324.7 billion, consistent with last year. The firm plans to document a goodwill...

American chemical firm DuPont de Nemours Inc. has decreased its revenue forecast for the year because of the divestiture of its aramid fiber division and the separation of its electronics materials sector. The firm now anticipates earnings of $6.87 billion this year, a decrease from its earlier forecast of $12.85 billion, based on a company announcement. For the third quarter, the updated...