Shares of Deutsche Lufthansa AG were gaining around 6 percent in the morning trading in Germany after the flag carrier reported Friday a profit in its fourth quarter, compared to last year’s loss, benefited by significant demand growth in air travel. Fiscal 2022 revenue almost doubled, and the airline projects further significant improvement in fiscal 2023 adjusted EBIT as demand […]

Asian stocks advanced on Friday, as strong economic data from China, Japan and Australia helped ease worries about global economic growth. A pullback in yields and the dollar also helped underpin sentiment after a Fed official suggested a measured approach to raising interest rates. Chinese shares rose on hopes for a steady economic recovery in China as a private survey […]

Disney CEO Bob Iger called succession top priority as he moves to turn the company around and, with the board, name a new chief executive before the end of his two-year contract. His previous pick, Bob Chapek, was pushed out abruptly last November after a rocky reign and the former longtime chief executive returned for an encore.   “Succession is […]

The U.S. naval fleet consists of 243 seafaring units currently in active service. The number includes frontline commissioned warships and support vessels but excludes smaller patrol boats, auxiliary/survey ships, replenishment ships, and historical ceremonial boats. (See the countries with the largest naval fleets.) The military data site, World Directory of Modern Military Warships, ranks the U.S. Navy No. 1 among […]

Demand for fast-moving consumer goods (FMCGs) went up last month across India, as kirana stores stocked up their shelves in anticipation of a sizzling summer, according to data by retail intelligence firm Bizom. There was a spike in beverages sales across the country despite inflation inching up in February after moderating downward previously, Bizom noted. “The number of kiranas stocking […]

Comcast President Mike Cavanagh said the media giant would of course consider alternative proposals for its stake in Hulu but they’d have to top its longstanding agreement to sell its remaining stake in the streamer to Disney next year. Disney has been going through a bumpy patch and returned CEO Bob Iger indicated recently that paying billions to buy in […]

Bank of England Governor Andrew Bailey said further increase in the interest rate might be required to achieve the UK inflation target on a sustainable basis. At Brunswick Group’s Cost of Living Conference in London, Bailey said, “Some further increase in Bank Rate may turn out to be appropriate, but nothing is decided.” “The incoming data will add to the […]

Many life insurance companies are yet to see a sharp spike in the sale of high-value policies as was widely expected in the aftermath of the government’s decision to tax income from insurance policies having an aggregate premium above Rs 5 lakh in a year. This is for policies issued on or after April 1, 2023. Insurers expect March, which […]

‘Layoffs and cut downs at the global level tend to bring more work to India, leading to higher office absorption here.’ Bengaluru-based Prestige Estates Projects recently said it aims to double its annual residential sales bookings to Rs 25,000 crore by FY26 from its current markets and others such as Mumbai, Pune and National Capital Region (NCR). The company’s chairman […]