Author: Press Room

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTony Fernandes, CEO of Capital A Group says he sees “potential” in tie-ups with some of Middle East region’s low-cost and full-service carriers for the company to grow its network of flights.

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Cobalt Holdings has said it plans to list in London in June in an initial public offering that will see commodities trader Glencore take a 10 per cent stake in the metal investment company.Cobalt Holdings said on Monday it planned to raise about $230mn from the flotation, with Glencore and investment firm Anchorage acting as cornerstone investors and taking an aggregate 20.5 per cent stake. The groups are betting that the clean energy transition will drive demand for cobalt, which is used…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.UniCredit has hailed its “best quarter in history” as it reported record net profits but signalled it would be selective in its dealmaking as the Italian banking industry stands on the cusp of a wave of consolidation. The lender said on Monday it had made a net profit of €2.8bn in the three months to March, beating analyst estimates and prompting the bank to increase its full-year guidance. Net commissions were also higher than expected at €2.3bn while net interest income was…

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It has not been the season young Perth Glory defender Kaelen Majekodunmi would have wanted at either a personal or team level, but he is eager to end it on a high.Perth’s torrid season comes to a close with an Australia Cup play-off against Central Coast Mariners at Larrakia Park in Darwin on Tuesday evening.Having already copped the A-League Men’s wooden spoon, Glory would prefer to avoid the ignominy of missing out on a spot in the main draw of the national knock-out competition when it kicks off in July.21 year-old Majekodunmi played 10 games under previous coach Alen Stajcic,…

NEWYou can now listen to Fox News articles! The Colorado Rockies became the second team within a week to make a change in the dugout amid an abysmal start to the 2025 season.The Rockies announced they parted ways with manager Bud Black and bench coach Mike Redmond. Third base coach Warren Schaeffer was named interim manager, while Clint Hurdle was named interim bench coach. Colorado Rockies manager Bud Black (AP Photo/David Zalubowski)”Our play so far this season, especially coming off the last two seasons, has been unacceptable,” Rockies team owner Dick Monfort said in a statement. “Our fans deserve better,…

The US trade chief called He, Li and Vice Finance Minister Liao Min “tough negotiators”. Vice Premier He, speaking to reporters at China’s mission to World Trade Organization (WTO), described the talks as “candid, in-depth and constructive” on issues of concern to both countries. “The meeting achieved substantial progress, and reached important consensus,” He said, drawing applause from a large audience of Chinese officials at the WTO office. He also met with WTO Director General Ngozi Okonjo-Iweala, who said she was “pleased with the positive outcome” of the talks and urged the two countries to build on momentum to mitigate trade tensions.…

A Kurdish group that has waged a bloody insurgency against the Turkish state for four decades said on Monday that it would lay down its arms and end the conflict, a decision that could reverberate across neighboring countries.The announcement by the Kurdistan Workers’ Party, known by its Kurdish acronym, P.K.K., came a few months after its imprisoned leader, Abdullah Ocalan, urged the group to disarm and disband. In his February message, he said the P.K.K.’s armed struggle had outlived its initial purpose.The P.K.K. began as a secessionist group that sought to create an independent state for Turkey’s Kurdish minority. More…

Pope Leo XIV called for a just and lasting peace in Ukraine and an immediate ceasefire in Gaza with the release of hostages and delivery of humanitarian aid in his first Sunday noon blessing as pontiff.”I too address the world’s great powers by repeating the ever-present call ‘never again war,'” Leo said from the loggia of St. Peter’s Basilica to an estimated 100,000 people below.It was the first time that Leo had returned to the loggia since he first appeared to the world on Thursday evening following his remarkable election as pope, the first from the United States. Then he…

Check out the companies making headlines in midday trading: Palantir — Shares tumbled more than 12%. Palantir posted $884 million in first-quarter revenue , while analysts polled by LSEG penciled in $863 million. However, earnings per share came in line with Wall Street expectations at 13 cents. Ford Motor — The automaker advanced 2.7% on better-than-expected first-quarter results, reversing an earlier decline. Ford reported adjusted earnings of 14 cents per share on $37.42 billion in revenue. Analysts surveyed by LSEG expected earnings of 2 cents per share and revenue of $36.21 billion. Management suspended its 2025 guidance , citing “near-term…