According to a press release from the firm, the European aircraft manufacturer Airbus won't be able to meet its anticipated level of deliveries in 2022. "Given the 68 aircraft delivered in November and the difficult operating climate, Airbus feels it will be impossible to meet its target of 700 deliveries by 2022. No major deviation from the aim is anticipated in the final figure," the business...

Due to the recently increased excess profits tax in the UK, French oil and gas giant TotalEnergies will reduce its expenditures in North Sea projects by 25% in 2023. The managing director of TotalEnergies UK, Jean-Luc Guiziou, made this announcement in an interview with Energy Voice. The projects will get a reduction of £100 million from the company's original plan to invest £400 million ($490...

Jack Ma, the founder of Alibaba and one of China's wealthiest billionaires, has been residing in Tokyo for approximately six months, according to reliable sources who spoke to the Financial Times. The sources claim that since relocating to Tokyo, Ma has scaled back his social activities, which were previously overtaken by meetings with dignitaries from China and other countries. Ant or the Jack...

Philip Morris aims to delist Swedish Match after increasing its ownership to 93%. Philip Morris International (PMI) disclosed that it had increased its investment in Swedish Match to above 93 percent, which was sufficient to trigger a required share recall. The tobacco giant also intends to have the Swedish rival's securities removed from the stock exchange's register. In May, the company that...

The initial public offering of Saudi Aramco's subsidiary Luberef has been approved. The Saudi Capital Market Authority announced on Thursday that the kingdom's stock market watchdog has given the go-ahead for an IPO for Aramco's oil subsidiary Luberef. A total of 50.045 million Luberef shares, representing 29.656% of the company's share capital, will be made available to investors by Saudi...

The Wall Street Journal reports that victims of sexual assault by Jeffrey Epstein have filed lawsuits against JP Morgan and Deutsche Bank, accusing the financial institutions of supporting the American financier's illegal actions. According to the plaintiffs, after getting warnings about their affluent customer, the banks allegedly continued to provide services to Jeffrey Epstein and his...

According to the company, HP Inc.'s net profit for the fiscal year that ended on October 31 of 2021–2022 was $ 3.203 billion, which is a two-fold decrease from the level of the prior financial year. For the period, diluted earnings per share were $3.05 as opposed to $5.33 in the previous year. The company's revenue for the fiscal year were 62.983 billion dollars, a decline of less than 1%. The...

According to Reuters, citing an FTX lawyer, former CEO of cryptocurrency exchange FTX Sam Bankman-Fried and a number of the company workers spent $300 million on property in the Bahamas. The $300 million was mostly used to purchase residences and vacation properties, as FTX's attorney pointed out. According to official property documents previously obtained by the agency, Bankman-Fried, his...

Air India is negotiating purchases of new aircraft with Airbus and Boeing. The Tata Group-owned airline Air India is discussing new aircraft orders with Boeing and Airbus while also utilizing leasing and renovation to meet its immediate needs, said the airline’s CEO. Campbell Wilson, the airline's CEO, stated at a Tata corporate event in Mumbai that "we are in extensive conversations with...