Italy May Raise Taxes on Energy Firms to Fund Budget
Italy is considering raising taxes on energy companies to finance tax cuts and increased public spending under its 2027-2029 budget, according to sources cited by Reuters on October 23. Prime Minister Giorgia Meloni’s government...
US Airlines Prioritise Higher Fares Over Fuller Flights as Fuel Costs Surge
US airlines are increasingly choosing higher ticket prices over fuller planes to protect profit margins amid soaring fuel costs. Delta Air Lines, United Airlines, American Airlines, Southwest Airlines and Alaska Air Group have focused...
Bombardier to Invest $270 Million in US After Trump Drops Ban Threat
Canadian aircraft manufacturer Bombardier will invest approximately $270 million in the United States and recruit for 500 positions, following President Donald Trump’s decision to step back from threats to ban the company from the...
American Express Raises 2026 Profit Forecast, Plans 5% Workforce Cut
American Express raised its 2026 profit forecast above Wall Street expectations on Friday after reporting stronger-than-expected third-quarter results. The company now expects full-year adjusted earnings of $17.60 to $17.90 per share, exceeding analysts’ estimates...
Global Cybersecurity Alert as PHP Flaws Trigger Millions of Hacking Attempts
Global companies and governments rushed to patch critical vulnerabilities in PHP, a programming language widely used to power websites, after the flaws triggered millions of hacking attempts. Discovered using artificial intelligence (AI), the vulnerabilities...
P&G Warns of Higher Costs as Quarterly Sales Beat Estimates
Procter & Gamble (P&G) has raised its estimate of the impact of rising raw material, energy and freight costs on its fiscal 2027 profit to $1.4 billion, up from the earlier projection of $1...
Politics and China Risks Could Complicate Potential SpaceX-Tesla Merger
A potential merger between Elon Musk’s SpaceX and Tesla could face significant political and geopolitical challenges, despite limited antitrust concerns in the United States. Musk recently described the proposed combination as “a good idea,”...
eBay to Cut 9% of Global Workforce Amid Restructuring
eBay announced on Thursday that it will cut approximately 9% of its global workforce, affecting around 1,000 employees, as part of a restructuring plan to simplify operations and redirect resources towards its key strategic...
Trump to Highlight Crackdown on Foreign Crypto Scams
U.S. President Donald Trump is expected to highlight his administration’s efforts to combat foreign criminal networks targeting Americans through fraudulent cryptocurrency investments at a White House event on Wednesday. According to a White House...
OpenAI Expands ChatGPT Ads to 89 Countries to Boost Revenue
OpenAI announced on Wednesday that it is expanding advertising on ChatGPT to 26 additional countries, bringing the total number of markets to 89. The move comes as the artificial intelligence company strengthens its advertising...