Keywords: Business


Korean Air reports 34% drop in quarterly profit despite record revenue

Korean Air reported a sharp decline in second-quarter operating profit as higher fuel costs weighed on earnings, even as the airline posted its highest-ever revenue for a second quarter thanks to robust passenger demand and a booming cargo business. The South Korean flag carrier said strong inbound......

German Chamber of Commerce and Industry in Morocco appoints Silke Kunstreich as new Managing Director

The German Chamber of Commerce and Industry in Morocco (AHK Morocco) has appointed Silke Kunstreich as its new Managing Director, bringing extensive international experience in business development, marketing and strategic communications to one of the leading institutions promoting German-Moroccan economic......

FIFA sells pieces of 2026 World Cup final pitch for nearly $400 as collectibles

The FIFA World Cup 2026 is becoming a collector’s item in more ways than one. The international football governing body has begun selling small pieces of the pitch from the MetLife Stadium in New York, the venue that will host the tournament final on July 19, offering fans the chance to own a physical......

Canadian business inflation expectations ease after Middle East ceasefire, Bank of Canada survey shows

Canadian businesses have become more optimistic about the inflation outlook following the easing of tensions in the Middle East, according to the latest Bank of Canada (BoC) business surveys, suggesting that geopolitical developments have helped reduce concerns over rising costs and economic uncertainty. The......

Titan reports 41% growth in consumer business as festival demand boosts jewelry sales

India’s Titan Company reported a 41% year-on-year increase in its consumer business during the first quarter of the financial year, supported by strong festival-driven demand that fueled sales in its flagship jewelry division. The company said growth for the three months ending June 30 was primarily......

BP interim chair Ian Tyler reportedly interested in taking permanent leadership role

BP’s interim chairman Ian Tyler is reportedly interested in taking on the role permanently following the departure of his predecessor, according to a report by Sky News. The development comes after BP removed former chairman Albert Manifold from the position in May, less than eight months after......

Continental agrees €4.6 billion sale of ContiTech unit to Lone Star Funds

German automotive supplier Continental AG has agreed to sell its ContiTech division to private equity firm Lone Star Funds in a transaction valued at approximately €4.6 billion, marking a major step in the group’s strategy to refocus on its core tyre business. The deal underscores ongoing......

AI helps small mental health startup scale rapidly from idea to multi-state operation

A Virginia-based mental health startup has highlighted how artificial intelligence is increasingly shaping entrepreneurship, after using AI tools to move from an initial concept to a multi-state healthcare provider in just over a year. The company, Here Now Health, has grown from a home-based idea into......

UK services sector contracts at fastest pace since 2023 as Iran conflict weighs on Economy

Britain's services sector contracted for a second consecutive month in June, with business activity falling at its fastest pace since early 2023 as the economic effects of the conflict involving Iran continued to weigh on companies. The latest S&P Global Services Purchasing Managers' Index......