Business

Ryanair CEO says probe suggests foreign object damage in window incident

Monday, July 20 by SRN News

July 20 (Reuters) - Ryanair CEO Michael O'Leary said on Monday that an initial finding from a probe into an incident in which a passenger was partly sucked out of a Boeing 737's broken window suggested "foreign object damage." "Initial indication would suggest it looks... Read More.

Why oil prices haven’t gone crazy despite 5 months of US-Iran war

Monday, July 20 by SRN News

By Anushree Mukherjee July 20 (Reuters) - As the United States and Israel went to war with Iran at the end of February, analysts predicted the price of crude oil could hit $150 a barrel or even rise as far as $200, with the fifth... Read More.

AMC posts surprise profit, record revenue as blockbuster films lift ticket sales

Monday, July 20 by SRN News

July 20 (Reuters) - Theater chain AMC Entertainment posted a surprise second-quarter adjusted profit and record revenue that beat Wall Street expectations, as blockbuster titles like "The Super Mario Galaxy Movie" and "Obsession" boosted ticket sales. Shares of the Leawood, Kansas-based entertainment company jumped... Read More.

China’s new AI model halts new subscriptions as demand swamps capacity

Monday, July 20 by SRN News

HONG KONG (AP) - The new, powerful Chinese artificial intelligence model Kimi K3, which has caused a stir in the U.S. tech industry, has suspended new subscriptions after a flood in demand overwhelmed capacity within days of the launch. The development highlighted challenges faced by... Read More.

Domino’s revenue beats estimates as supply-chain business offsets weak demand

Monday, July 20 by SRN News

By Anuja Bharat Mistry and Shania S Thomas July 20 (Reuters) - Domino's Pizza's quarterly revenue edged past Wall Street estimates on Monday as growth in its supply-chain business offset softer demand at its restaurants, where cautious consumers curbed discretionary spending. Shares of the company,... Read More.

Archer, Anduril unveil autonomous aircraft platform for defense, commercial markets

Monday, July 20 by SRN News

By Shivansh Tiwary and David Shepardson FARNBOROUGH, England, July 20 (Reuters) - Archer Aviation and defense technology company Anduril unveiled a co-developed autonomous aircraft platform on Monday, as aerospace startups increasingly tap partnerships that can lower development costs and speed up commercialisation. The platform, developed together... Read More.

Airline executives caution planemakers not to rush release of next generation of aircraft

Monday, July 20 by SRN News

By Joanna Plucinska and Conor Humphries FARNBOROUGH/DUBLIN, July 20 (Reuters) - Airline executives on Monday cautioned planemakers Boeing and Airbus not to rush out a new generation of commercial jets without ensuring their technology is mature enough. "I'm not keen to see a new narrowbody in... Read More.

LXP Industrial Trust agrees to $5.2 billion deal by Brookfield, CPP Investments

Monday, July 20 by SRN News

July 20 (Reuters) - LXP Industrial Trust will be taken private by Brookfield Asset Management and Canada Pension Plan Investment Board in a $5.2 billion all-cash deal, the industrial real estate investment trust said on Monday. Shares of LXP were up 4% in premarket trading. The... Read More.

French lawmakers race to introduce an under-15 social media ban before the new school year

Monday, July 20 by SRN News

PARIS (AP) - French lawmakers are racing against the clock to reach a compromise that would allow a bill banning social media for children under 15 to possibly enter into force at the start of the new school year in September. With Parliament's summer recess... Read More.

EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods

Monday, July 20 by SRN News

THE HAGUE, Netherlands (AP) - The European Commission on Monday fined Chinese online marketplace AliExpress 550 million euros ($629 million) for failing to adequately crack down on the sale of unsafe and counterfeit products on its site. The fine, the biggest ever imposed for breaches... Read More.

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Current Weather

Ryanair CEO says probe suggests foreign object damage in window incident

Why oil prices haven’t gone crazy despite 5 months of US-Iran war

AMC posts surprise profit, record revenue as blockbuster films lift ticket sales

China’s new AI model halts new subscriptions as demand swamps capacity

Domino’s revenue beats estimates as supply-chain business offsets weak demand

Archer, Anduril unveil autonomous aircraft platform for defense, commercial markets

Airline executives caution planemakers not to rush release of next generation of aircraft

LXP Industrial Trust agrees to $5.2 billion deal by Brookfield, CPP Investments

EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goods

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