UBS views Rolls-Royce as relatively resilient amid potential airline industry weakness caused by the Middle East jet fuel crisis, thanks to its exposure to widebody aircraft and newer engines. However, UBS cut its price target to £14 from £15 due to lowered forecasts, reflecting concerns over reduced flying hours and cash flow risks from long-term service agreements. Despite near-term challenges, UBS maintains a 'buy' rating, highlighting ongoing margin improvements and a positive turnaround outlook. Rolls-Royce shares have fallen 15% since late February amid geopolitical tensions affecting the aviation sector.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
