Lufthansa reported an additional €1.7 billion in fuel costs due to the Middle East conflict, despite hedging 80% of its jet fuel. The airline's first-quarter adjusted EBIT rose to €612 million, with revenue up 8% to €8.7 billion. To manage rising fuel prices and supply challenges, Lufthansa cut 20,000 short-haul flights to save fuel and avoid losses. The ongoing jet fuel shortage in Europe, worsened by the Strait of Hormuz blockade, is impacting airlines broadly, with EasyJet also reporting significant fuel cost increases and weaker bookings.
A three-day online training on Pharmaceutical Regulatory Affairs in Asia is scheduled for October 20-22, 2026, aiming to help professionals understand diverse regulatory requirements across major Asian markets including China, India, Korea, and ASEAN...
The global workwear market, valued at $265.12 billion in 2025, is expected to grow to $344.71 billion by 2031 with a 4.5% CAGR. Growth is fueled by rising corporate employment worldwide, especially in Asia-Pacific, and increased focus on professional...
The global microalgae-based aquafeed market is projected to grow from $320 million in 2026 to $481 million by 2031, at an 8.5% CAGR. Key growth drivers include rapid cost reductions in closed photobioreactor farming, making algae competitive with fis...
The global consumer finance market is projected to expand from $9.87 trillion in 2025 to $14.08 trillion by 2031, growing at a 6.17% CAGR. Key growth drivers include embedded finance at point-of-sale, which boosts credit uptake by integrating lending...
Xcel Brands has signed a licensing agreement with KBL Group to produce ready-to-wear collections for OFF/DUTY by Coco Rocha, a fashion brand created with supermodel Coco Rocha. KBL Group will handle sourcing, product development, manufacturing, and s...
