Budget airline easyJet has formally accepted a £5.7 billion cash takeover bid from US private equity firm Apollo Global Management, following the withdrawal of rival bidder Castlelake.
Jetstar to charge A$25-A$52 for overhead locker space from Feb, testing unbundling limits in Asia-Pacific; analysts call it 'extreme' but potentially influential for regional rivals.
Jetstar announced a new carry-on baggage charge allowing only one under-seat bag in basic tickets from next year, drawing criticism from consumer experts over hidden fees and difficult price comparisons.
Chinese military researchers Shi Guanglei and Shi Haiming warn that unmanned undersea vehicles and the AUKUS pact are lowering barriers to undersea warfare by offering low-cost, scalable capabilities for seabed control.
Australia, a leader in domestic solar and battery adoption, now targets industrial-scale, ultra-low-cost solar through ARENA's 30-30-30 initiative, aiming for 30% efficient panels at 30 cents per watt by 2030 to drive new industries like green hydrogen and critical minerals processing.
Tony Rinaudo, known as "The Forest Maker," helped Nigerien farmers regenerate over 200 million trees by reviving dormant root systems, not planting new ones. This low-cost Farmer Managed Natural Regeneration (FMNR) approach restored millions of hectares, improving food security and livelihoods for millions in Niger.
easyJet reported a 70% slide in Q2 pre-tax profits to £85m, primarily due to a £105m increase in fuel costs from the Middle East conflict and a trend of later customer bookings. The airline's agreed £5.7bn takeover by Apollo Global Management faces potential EU ownership rule scrutiny.
Ryanair a annoncé la réduction de ses opérations en Belgique, retirant cinq avions de Charleroi et deux millions de sièges pour l'hiver 2026 et l'été 2027. Cette décision fait suite à l'augmentation d'une taxe aérienne fédérale à 7 euros par passager, que la compagnie juge «absurde», malgré un compromis gouvernemental.
President Trump announced a new tariff schedule for generic drugs, starting with two years of zero tariffs, then a 100% levy in August 2028, rising to 200% in 2029. This policy aims to incentivize generic drugmakers to move production to the U.S., significantly impacting countries like India, which supplies nearly 50% of U.S. generic medicines.
China's low-cost business model requires reform, but structural issues, including local governments' reliance on manufacturing for jobs and tax revenue, hinder effective change and enforcement of labor laws.
Ford is overhauling its electric vehicle strategy, discontinuing models like the F-150 Lightning and taking significant financial writedowns. The company is now pivoting to focus on hybrids and a new family of low-cost EVs, including a $30,000 midsize truck by 2027, alongside leadership changes in its EV and software teams.
Researchers from the Chinese Academy of Sciences and Fudan University developed a hydrogenolysis method for polyolefins, which constitute over 60% of plastic waste, to convert them into C8-C16 hydrocarbons for aviation fuel under mild conditions, addressing environmental concerns.
Lockheed Martin announced plans to develop and manufacture a new air defense weapon with US and European partners, with initial production expected within 36 months, capitalizing on Europe's rearmament boom fueled by the war in Ukraine.
easyJet's board is now "minded to recommend" a £5.7bn all-cash offer from Apollo, valuing the airline at £7.15p per share. This follows a previous agreement in principle with Castlelake for a £5.5bn deal, which was later deemed undervalued.
Research suggests millions of UK households could save hundreds annually on energy bills through low-cost solar panel loans backed by the Bank of England. The proposed scheme aims to enable installation on 8m homes without direct government cost, potentially freeing up funds from the Warm Homes Plan.
Indonesia is reportedly interested in India's digital public infrastructure, including the Unified Payments Interface (UPI), as a potential blueprint for its own sovereign system. This follows recent visits by Indonesian delegations to India to study public policy initiatives.
US private equity firm Castlelake has agreed to a £5.5bn takeover of easyJet, offering £6.90 per share. The deal, which follows four previous rejections, is seen by analysts as a sign of UK firms being undervalued and bought cheaply by foreign buyers.
EasyJet has agreed in principle to a potential £5.2bn takeover offer from US investment firm Castlelake. The airline, which previously rejected four bids, is considering a proposal worth £6.90 per share. Regulatory approvals and a shareholder vote are still required.
EasyJet has agreed in principle to a £5.5bn takeover offer from US investment firm Castlelake, which would take the UK's largest low-cost carrier private. The deal, valued at £6.90 per share, comes after weeks of negotiations and follows two profit warnings and a challenging macroeconomic environment for the airline.
EasyJet and US investment firm Castlelake have reached an agreement in principle for a potential takeover offer of around £5.2 billion, valuing shares at £6.90 each. Regulatory approvals and shareholder votes are still required.
EasyJet has accepted a £5bn takeover offer from US investment firm Castlelake, which would take the FTSE 250 airline private. The offer of £6.90 per share comes after previous offers were rejected for undervaluing the company. Castlelake expressed respect for easyJet's employees and plans to support its future growth and fleet modernization.
Air India has reduced fuel surcharges on long-haul routes to North America, UK, Europe, and Australia due to falling crude prices. Its low-cost arm, AI Express, also restored connectivity to all West Asia destinations, despite Air India's ongoing financial challenges.
A new study suggests India could produce sustainable aviation fuel (SAF) from crop residue and green hydrogen at costs up to 40% below global benchmarks, transforming an air pollution issue into a clean-fuel export industry.
Chinese startup Zhiyu Aerospace Technology plans to use supercritical carbon dioxide for rocket launches, aiming for low-cost, high-frequency commercial flights. The technology ejects rockets using high-pressure CO2, igniting engines mid-air to avoid ground platform contact.
