The ongoing conflict in the Middle East is beginning to have a significant impact on global energy markets, with Bangladesh now facing a major reduction in its liquefied natural gas (LNG) imports from Qatar. According to officials from Bangladesh’s state-owned energy company, Petrobangla, QatarEnergy has reduced its scheduled LNG deliveries to Bangladesh by approximately 50%…
Global semiconductor stocks faced renewed pressure last week as hedge funds continued pulling money out of technology hardware and chip companies, extending a selling streak that has now lasted four consecutive weeks. According to a recent client note from Goldman Sachs, U.S. hedge funds aggressively reduced their exposure to information technology stocks, particularly semiconductor and…
Britain’s leading stock indexes closed slightly lower on Monday as declines in precious metal mining stocks outweighed gains in financial and media sectors. Investors also closely monitored several major corporate deals and acquisition developments across the UK market. The benchmark FTSE 100 index slipped by 0.1% to 10,663.68 points, while the FTSE 250 index edged…
The British pound slipped against the U.S. dollar on Monday, ending a seven-day rally as investors returned to the greenback following last week’s sharp selloff triggered by weaker-than-expected U.S. employment data. Sterling fell 0.1% to trade at $1.3338, while remaining largely unchanged against the euro at 0.8055 pounds per euro. The decline comes after the…
Europe’s booming defence industry is facing growing skepticism from investors after major Franco-German defence manufacturer KNDS decided to postpone its highly anticipated initial public offering (IPO). The move comes despite record military spending commitments across Europe, raising fresh questions about whether the continent’s defence companies can deliver on ambitious expansion plans and justify the soaring…
Britain has accused Russia of carrying out an “unsafe and unprofessional” military maneuver after a Russian patrol aircraft repeatedly approached the UK’s flagship aircraft carrier, HMS Prince of Wales, while it was operating in the Norwegian Sea under NATO command. The incident, which took place on July 2, has added to growing tensions between NATO…
Airbus CEO Guillaume Faury has expressed growing concerns about the future of European defence cooperation, warning that the continent could miss a crucial opportunity to strengthen its military industry if countries fail to work together in the coming years. Speaking on Friday at the annual economic forum in Aix-en-Provence, France, Faury said he was “not…
The global aviation industry could be on the verge of a major shake-up as California-based startup JetZero pushes ahead with plans to develop a new generation of commercial aircraft that promises to dramatically reduce fuel consumption and reshape air travel. The company is currently constructing a full-scale demonstrator aircraft in California’s Mojave Desert, marking one…
European aircraft manufacturing giant Airbus is internally targeting more than 900 aircraft deliveries in 2026 following a strong performance in June, according to industry sources familiar with the company’s plans. While Airbus has not officially changed its public guidance of 870 deliveries for the year, sources say the company has become increasingly confident that it…
Italy’s strategic cloud infrastructure sector is heading for a significant restructuring as defence giant Leonardo prepares to increase its stake in the country’s National Strategic Hub (PSN), while state-backed conglomerate Poste Italiane pursues plans to become the controlling shareholder. The planned changes represent a major shift in the ownership and governance of Italy’s national cloud…