Business news today was led by a changing of the guard at Air India, where former Ethiopian Airlines chief Tewolde Gebremariam was chosen to steer the carrier into its next growth phase after Campbell Wilson’s resignation, underscoring Tata’s ambition to turn stabilization into e...
Business news today was led by a changing of the guard at Air India, where former Ethiopian Airlines chief Tewolde Gebremariam was chosen to steer the carrier into its next growth phase after Campbell Wilson’s resignation, underscoring Tata’s ambition to turn stabilization into expansion. In the U.S., Disney delivered a reminder of the power of big franchises and diversified revenue, with “Toy Story 5,” stronger theme-park attendance and sharply improved streaming profitability lifting quarterly earnings above expectations. Markets across Asia took their cue from that upbeat corporate mood, rising broadly as strong tech and AI earnings from Wall Street fed risk appetite while softer oil prices offered an added tailwind. Geopolitically, Washington removed sanctions on Iraq’s Fly Baghdad after what it called changes in the airline’s behavior, while stressing its wider Iran policy remains unchanged.
Top Business stories
- Disney’s Toy Story 5 and theme parks lift third-quarter earnings, streaming profits surge (6 sources)
- NSW government accepts most recommendations from Bondi stabbing inquest (5 sources)
- Biocon Q1 profit rises to about ₹141 crore as revenue grows to over ₹4,300 crore (5 sources)
- Asian shares rise as tech earnings boost sentiment and oil prices fall (4 sources)
- US lifts sanctions on Iraqi carrier Fly Baghdad linked to Iran’s IRGC-Quds Force (4 sources)
- SpaceX plans terrestrial mobile network using EchoStar spectrum to compete with US carriers (4 sources)
- Binance-linked companies sue RedotPay over alleged diversion of Binance Card users (4 sources)
- Saudi-led consortium completes $55 billion acquisition of Electronic Arts, removing it from public markets (4 sources)
Blake Byline
Author at IfHighLow
