The chatter around artificial intelligence on earnings calls in Europe is scaling new peaks as even companies beyond technology-related sectors are embracing it to boost efficiency and competitiveness. Mentions of “AI” on fourth-quarter earnings calls of companies in the Stoxx Europe 600 index reached a record 1,788, about a fifth …
LONDON (AP) — Britain’s Heathrow Airport closed for the full day Friday after an electrical substation fire knocked out its power, disrupting flights for hundreds of thousands of passengers at one of Europe’s biggest travel hubs. Flights were diverted to Gatwick Airport, Charles de Gaulle Airport in Paris and Ireland’s …
(Bloomberg) — The US is sanctioning a Chinese oil refinery and its chief executive officer for allegedly buying Iranian oil, as President Donald Trump demands that Tehran agree to a new deal to restrict its nuclear program. The so-called teapot refinery has purchased millions of barrels of Iranian oil valued …
(Bloomberg) — The US is sanctioning a Chinese oil refinery and a terminal operator over links to Iranian crude imports, in the first measures to directly target China’s refining system as President Donald Trump seeks to press Tehran into a fresh nuclear deal. China’s private refiners, known as teapots, are …
Anand Mahindra on Friday shared a moving video of a man providing a ride to a street vendor in his luxury Porsche after seeing him pose and click selfies with the car. Moved by the video, Mahindra shared it on X and thanked the car owner. “This video is, I …
InterGlobe Hotels Pvt Ltd is focusing on India’s tier I cities for its Ibis brand as it looks to shed the budget tag and positions itself in the mid-market segment, citing strong demand for quality hotels. The joint venture between InterGlobe Enterprises and Accor Asia Pacific, which has 29 Ibis …
Behind the red carpet movie premieres and new thrill-inducing rides for fans of its amusement parks, there is a quiet search underway to find the successor to Bob Iger, the face of Disney for most of the past two decades. Disney went through the CEO search recently, and it was …
Mumbai: US drugmaker Eli Lilly & Co. brought its anti-obesity drug Mounjaro to India on Thursday, marking the country’s first treatment of its kind, with monthly costs ranging from ₹14,000 to ₹17,500. The new drug, however, will face competition soon enough, with other foreign pharmaceutical companies planning to introduce similar …
(Bloomberg) — The Chicago Board of Education delayed a decision on whether to pay $175 million to the city for pension costs, funds that Mayor Brandon Johnson has counted on to balance his 2024 budget. The board withdrew a proposed amendment to its own budget for the year, which runs …
New Delhi: Surging pet ownership and growing demand for branded pet food could propel India into Mars Petcare’s top five markets within the next decade, a senior company executive said. “If the market continues on its current trajectory, it could easily become one of our top-five markets in the world …
