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.
BlackRock, Inc. has reported that its direct and indirect ownership in Orion Oyj has dropped below the 5% threshold as of June 15, 2026. This change requires a formal disclosure under Finnish securities law. The reduction in BlackRock's stake may aff...
On June 15, 2026, BlackRock, Inc. and its funds reduced their total holdings in Orion Corporation to below 5% of the company's shares and voting rights. This change was disclosed under the Finnish Securities Market Act, indicating a decrease from a p...
US stock futures showed mixed results with the S&P 500 slightly down while the Dow Jones and Nasdaq 100 edged higher following a recent rally. The market reacted to a preliminary US-Iran agreement aimed at extending a ceasefire and reopening the Stra...
MindWalk Holdings Corp. emphasizes the importance of a connected, trustworthy biological data layer over AI model size in drug discovery. The company launched ReefIQ™, a biological context layer, and LensAI™, a reasoning platform, aiming to reduce co...
Space Exploration Technologies Corp. (SpaceX) saw its shares surge over 11% in premarket trading, pushing its market capitalization close to $3 trillion, surpassing Amazon to become the fifth-largest company globally. This rapid valuation increase ha...
