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Delta offers upbeat outlook on travel demand, lifting shares
Shares of Delta Air Lines rocketed higher Thursday after the carrier reported better-than-expected profits and reinstated its full-year forecast based on a reassuring travel outlook. For the quarter ending June 30, Delta reported profits of $2.1 billion, up 63 percent from the year-ago period.
Barry Callebaut cuts outlook as chocolate sales volumes melt away
The world's top industrial supplier of chocolate, Barry Callebaut, revised its financial guidance lower on Thursday as the global chocolate market suffered its worst drop in sales volume in a decade, with high prices weighing on consumers.
Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn
The Ferrero Group will acquire US cereal mainstay WK Kellogg for $3.1 billion as the Italian food giant expands further in North America, the companies announced Thursday. "Over recent years, Ferrero has expanded its presence in North America," said Giovanni Ferrero.
Shein faces 150-mn-euro fine in France
E-commerce giant Shein faces a possible 150-million-euro ($175-million) fine in France for failing to properly get consent to track users on the internet. It also found during a 2023 inspection that when users refused the tracking cookies Shein continued to read information from them.
Volkswagen halts electric minivan exports to the United States
German auto giant Volkswagen said Thursday it had suspended deliveries of its electric minivan ID. Buzz due to a technical issue amid reports the decision was influenced by costly US tariffs on cars.
EU opens new probe into TikTok data transfer to China
An Irish regulator helping police European Union data privacy said Thursday it had launched an investigation into TikTok over the transfer of European users' personal data to servers in China. The DPC on Thursday said it had been informed by TikTok in April that "limited EEA user data had in fact been stored on servers in China," contrary to evidence presented by the company.
Italy probes UK online bank Revolut for 'misleading' clients
Italy's competition watchdog said Thursday it had opened an investigation into UK online bank Revolut over "misleading" messages to customers about its investment services. The Competition and Market Authority (ACGM) also alleged that the bank employed "aggressive ways" of handling banking services.
EU unveils recommendations to rein in powerful AI models
The EU unveiled on Thursday long-delayed recommendations to rein in the most advanced AI models such as OpenAI's ChatGPT and help companies comply with the bloc's sweeping new law. Under the law, developers of such models must give details about what content they used -- like text or images -- to train their systems and comply with EU copyright law.
Mexico barred from sending cattle to US over flesh-eating pest
The US Secretary of Agriculture has announced ports will be closed to the livestock trade at the southern border after Mexican cattle tested positive for the flesh-eating New World screwworm (NWS). "We must see additional progress combatting NWS in Veracruz and other nearby Mexican states in order to reopen livestock ports along the Southern border," the official said.
AFP
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