Around 800 flights operated by Lufthansa and Lufthansa Cargo in Germany will be affected by the one-day strike called by the pilots' union Vereinigung Cockpit on September 2. As a result, 130 thousand passengers may be inconvenienced, according to the airline company. Lufthansa said in a statement that it "had to cancel practically all flights to and from Frankfurt and Munich for Friday due to...

Le Figaro reports that the Italian Ministry of Economy and Finance has found a prospective buyer for the national carrier ITA Airways. A group led by the American investment fund Certares was the sole bidder for the purchase, and the Italian government will now enter into exclusive negotiations with them. Delta Airlines and Air France-KLM are also members of the alliance. The investor in Wizz...

On Monday, Lucid Group Inc. filed for a simplified registration staged offering of up to $8 billion in securities (MSO). This is how the manufacturer of electric vehicles hopes to increase active capital at a time when supply issues are affecting production. The business, which has a market capitalization of approximately $27 billion, earlier this month cut in half its prediction for the...

According to the Janus Henderson Global Dividend Index, companies across the globe paid out $544.8 billion in dividends in the second quarter of this year. This figure represents a record-breaking quarterly performance for the entire history of the index. Global payouts increased 11.3% over the previous quarter, while the larges payers were banks and financial institutions. This quarter, their...

According to Deputy Prime Minister and Oil Minister Mohammad Al-Fares, Kuwait has increased oil production within the quota established by the OPEC+ agreement. He noted that the overall global production capacity is constrained due to years of underinvestment, which causes significant market volatility. The minister said in a statement to the news agency KUNA that "the state of Kuwait has...

The Financial Times and Bloomberg estimate that investors who purchased dollar bonds from Chinese developers lost $130 billion. About two-thirds of the issued bonds have lost 30% of their value to date as a result of the second year of a real estate market crisis in China. It is now evident that values for many bonds (issued by Chinese developers) have dropped since last year due to unfavorable...

According to a news release from France's TotalEnergies, Japan's Inpex, and Australia's Woodside Energy, a joint venture has been given permission to carry out the appraisal work for a carbon dioxide storage plant in northwest Australia. "A joint venture between TotalEnergies (26%), Inpex (53%), and Woodside (21%) called Bonaparte CCS Assessment has been given permission to conduct an assessment...

According to a draft order enacted as part of the bill on climate and sustainability, fossil fuels other than natural gas cannot be promoted in France as of August 22, reports BFMTV. The TV station cited the draft directive: "Advertising relating to the commercialization or promotion of fossil fuels is outlawed as of Monday." It should be highlighted that the ban covers all petroleum products...

At a news conference with Turkish President Recep Tayyip Erdoğan and Ukrainian President Volodymyr Zelenskyy, UN Secretary General António Guterres said that wheat prices worldwide dropped 8% as a result of a food agreement. "There are indications that the world's food markets are starting to stabilize. Since the agreements were reached, wheat prices have decreased by as much as 8%," Guterres...