Category: 3. Business

  • Wabtec Announces First Quarter 2026 Earnings Release Date

    Wabtec Announces First Quarter 2026 Earnings Release Date

    Transportation solutions that revolutionize the way the world moves

    At Wabtec, we help our customers overcome their toughest challenges by delivering rail and industrial solutions that improve safety, efficiency and productivity.

    Wabtec Corporation

    30 Isabella Street
    Pittsburgh, PA 15212 – USA
    Phone: 412-825-1000
    Fax: 412-825-1019

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  • Texas Corporate Developments: What Officers and Directors Need to Know – The Harvard Law School Forum on Corporate Governance

    1. Texas Corporate Developments: What Officers and Directors Need to Know  The Harvard Law School Forum on Corporate Governance
    2. Legislators, business leaders highlight Texas policies driving competition with Wall Street  News From The States
    3. Dallas is positioning itself as the next Wall Street, bringing new opportunities for SMU students  smudailycampus.com
    4. Forget Delaware. Here’s why companies like Exxon want to incorporate in Texas now. | Opinion  Houston Chronicle

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  • Amazon Big Spring Sale: 150+ best-ever prices on Apple, Sony headphones, more

    Amazon Big Spring Sale: 150+ best-ever prices on Apple, Sony headphones, more

    Table of Contents

    The sun is rising, flowers are beginning to bloom, and pollen is in the air (so much pollen). This all means spring is finally here, and Amazon is celebrating in its customary fashion: with deals across tons of categories.

    We’re halfway through the third annual Amazon Big Spring Sale, with discounts set to run through March 31, just like last year. The Amazon Spring Sale is your best chance to save until Prime Day in June (or maybe July?), so don’t miss out. The further we get into the sale, prices are frequently fluctuating so we’re checking and updating products regularly.

    The deals featured in this sale reflect the spirit of the season: Outdoor gear and yard care supplies, spring cleaning supplies, spring fashion, and other household essentials will be the major featured deals. However, there’s no shortage of savings on QLED TVs, flagship Sony headphones, Apple devices, Shark and Dyson hair tools, and of course, Amazon devices like Kindles and Echo smart speakers.

    SEE ALSO:

    How to recycle Amazon packaging from your Big Spring Sale purchases (yes, all of it)

    Each day of the Big Spring Sale features daily deal drops on categories from spring cleaning to beauty. Mashable’s shopping team will be keeping an eye on the best deals from before sunrise to midnight, so keep checking back to be the first to hear about the latest price drops. And be sure to check out our live blog for real-time updates.

    Our editors’ most recommended deals will be marked with a 🔥 emoji. Deals that are no longer available will be noted with a strikethrough.

    Best Apple deal

    $199.99
    at Amazon

    $249
    Save $49.01

     

    Why we like it

    According to our review, Apple’s AirPods Pro 3 are an “easy buy” if you’ve been looking for a new pair of AirPods. It’s easy to see why: They have excellent ANC, eight hours of listening time per charge, a built-in heart rate monitor, and live translation features. While they hit a lower price of $184 back in February, this markdown is still worth checking out.

    AirPods deals

    MacBook deals

    • Apple MacBook Air, 13-inch (M4, 16GB RAM, 512GB SSD) — $949 $1,199 (save $250)

    • Apple MacBook Air, 15-inch (M4, 16GB RAM, 256GB SSD) — $999 $1,199 (save $200)

    • Apple MacBook Air, 13-inch (M5, 16GB RAM, 512GB SSD) — $1,049 $1,099 (save $50)

    • Apple MacBook Pro, 14-inch (M5 Pro with 15-core CPU/16-core GPU, 24GB RAM, 2TB SSD)$2,449.99 $2,599 (save $149.01)

    • Apple MacBook Pro, 16-inch (M5 Pro, 24GB RAM, 1TB SSD)$2,549.99 $2,699 (save $149.01)

    • Apple MacBook Pro, 16-inch (M5 Pro, 48GB RAM, 1TB SSD)$2,899.99 $3,099 (save $199.01)

    • Apple MacBook Pro, 14-inch (M5 Max, 36GB RAM, 2TB SSD)$3,449.99 $3,599 (save $149.01)

    • Apple MacBook Pro, 16-inch (M5 Max, 36GB RAM, 2TB SSD)$3,699.99 $3,899 (save $199.01)

    iPad deals

    • Apple iPad, 11-inch (A16, WiFi, 128GB) — $299 $349 (save $50)

    • Apple iPad Air, 11-inch (M4, WiFi, 128GB) — $559 $599 (save $40) 🔥

    • Apple iPad Air, 11-inch (M3, WiFi + Cellular, 128GB) — $649 $749 (save $100)

    • Apple iPad Air, 13-inch (M4, WiFi, 128GB) — $749 $799 (save $66.01)

    • Apple iPad Air, 13-inch (M4, WiFi, 1TB) — $979 $1,099 (save $120)

    • Apple iPad Pro, 13-inch (M4, WiFi, 256GB) — $1,149 $1,299 (save $150)

    Apple Watch deals

    Best headphones deal

    $41.99
    at Amazon

    $79.99
    Save $38.00

     

    Why we like it

    The JBuds Lux ANC are the best budget headphones we’ve tested in recent memory, offering decent noise cancellation, a long battery life, and balanced sound. (Just note that their fit can be hit or miss.) They’re a great value at their regular price of $80, but $41.99 is even better during the Big Spring Sale. We saw them dip to $27 at Walmart on Black Friday, but this is their lowest-ever price on Amazon.

    And if you’re looking to spend a bit more for a more comfortable fit and top-notch ANC, flagship headphones from Apple, Bose, and Sony are all on sale.

    More headphone deals

    Earbud deals

    Bluetooth speaker deals

    Best vacuum deal

    $149
    at Amazon

    $299
    Save $150

     

    Why we like it

    Mashable reporter (and dog parent) Tim Marcin called this Shark stick vac “life changing” when he wrote about it for us. Marcin said, “[It’s] my personal favorite vacuum — the best I’ve ever owned — which has made my life much easier. The long and short of it: It’s light, super-effective at sucking up fur, affordable, and lasts for quite some time on a charge. It also converts into a hand vacuum when needed.”

    If you have some spring cleaning to do, select Shark vacuums are 50% to 60% off.

    Robot vacuum deals

    Cordless vacuum and wet-dry vacuum deals

    Best Amazon device deal

    $14.99
    at Amazon

    $39.99
    Save $25

     

    Why we like it

    The newest Fire TV Stick in Amazon’s lineup, the 4K Select, was one of Mashable readers’ (and editors’) favorite deals from Black Friday. We saw it drop to a wildly low price of $9.99 during that sale, but right now you can grab it for $14.99 using the code FTVSELECT. It offers support for Alexa+, HDR10+, Amazon Kids+, Amazon Luna, Xbox Game Pass, and NordVPN, and it’s already more than 50% off.

    Fire TV streaming deals

    Echo device deals

    Kindle deals

    Kindle accessory deals

    SEE ALSO:

    The top finds from Amazon’s Spend $100, Get $20 Free sale: Nespresso, Sun Bum, Hydro Flask

    Best outdoor deal

    $428.99
    at Amazon

    $799
    Save $370.01

     

    Why we like it

    Weighing in at just under 25 pounds, Anker’s Solix C1000 Gen 2 portable power station makes an excellent camping companion. The power station can keep your devices juiced up and even has enough oomph to power up some cute fairy lights or whip up a quick meal in the air fryer. It can also recharge in under 50 minutes, which can really come in handy when you’re off the grid. Mashable’s reviewer called it “the perfect model for taking on a weekend camping trip or keeping around the house for occasional power outages.”

    More outdoor deals

    More portable power station deals

    • Anker Solix C300 — $169.99 $249.99 (save $80)

    • Jackery Explorer 300 — $188.99 $259 (save $70.01)

    • Jackery SolarSaga 100W Bifacial Portable Solar Panel — $197.99 $299 (save $101.01)

    • Bluetti Elite 30 V2 — $218.99 $299 (save $80.01)

    • EcoFlow River 3 Plus — $249 $299 (save $50)

    • Jackery Solar Generator 1000 v2 + 200W Solar Panel — $698.99 $1,299 (save $609.01) 🔥

    • Bluetti Elite 100 V2 with 200W Solar Panel — $699 $1,399 (save $700)

    • Bluetti Elite 200 V2 — $749 $949 (save $200)

    • Anker Solix C2000 Gen 2 — $749 $1,499 (save $750)

    • Jackery Explorer 2000 v2 — $749 $1,499 (save $750)

    • Anker Solix F2000 — $799.99 $1,999 (save $1,199.01)

    • Bluetti Elite 300 — $1,099 $1,699 (save $600) 🔥

    • EcoFlow Delta Pro 3 — $2,099 $3,699 (save $1,600)

    Best DJI deal

    $149
    at Amazon

    $199
    Save $50

     

    Why we like it

    The Neo is the perfect starter drone for people just venturing into the drone hobby for the first time — and not just because of the low price. This camera offers a 4K camera for shooting gorgeous aerial videos and a 12MP camera. It can take off from the palm of your hand, and it’s super portable. For creators and hobbyists, it’s a great entry point.

    More DJI deals

    Best TV deal

    $597.99
    at Amazon

    $897.99
    Save $300

     

    Why we like it

    There’s a reason Samsung has been the most popular TV brand in the world for 20 years in a row: The Korean tech giant makes reliable TVs that last a long time. This QLED Samsung TV was just released in 2025, and for the Amazon Spring Sale, it just got its first big price cut. It’s also got a ton of ports and a sleek design.

    43-inch TVs and under

    50- to 55-inch TVs

    65-inch TVs

    75-inch TVs and up

    Best Windows laptop deal

    $2,069.99
    at Amazon

    $2,399.99
    Save $330

    Includes free download code for “Crimson Desert”

    Why we like it

    If you’re an on-the-go gamer, the Asus ROG Flow Z13 should make your shortlist. It has a 180Hz display (so smooth), a detachable keyboard, and an AMD Ryzen AI Max+ 395 chip that offers RTX 4060-level graphics performance.

    GTA V star Ned Luke recently told Mashable he uses this gaming laptop when he travels, calling it “an animal.” The model with 32GB of RAM and a terabyte of disk space is $330 off on Amazon, and it comes with a free copy of Crimson Desert. It’s never been cheaper before. (Best Buy is price-matching it, but doesn’t throw in the free game code.)

    More Windows laptop deals

    • Microsoft Surface Laptop 7, 13.8-inch (Snapdragon X Plus, 16GB RAM, 512GB SSD) — $949.99 $1,199.99 (save $250)

    • Asus TUF Gaming F16 (Intel Core i5-13450HX, Nvidia GeForce RTX 5050, 16GB RAM, 512GB SSD) — $999.99 $1,299.99 (save $300)

    • Microsoft Surface Laptop 7, 13.8-inch (Snapdragon X Elite, 16GB RAM, 1TB SSD) — $1,199.99 $1,599.99 (save $400) 🔥

    • Samsung Galaxy Book5 Pro 360 (Intel Core Ultra 7 256V, 16GB RAM, 1TB SSD) — $1,199.99 $1,699.99 (save $500)

    • Microsoft Surface Laptop 7, 15-inch (Snapdragon X Elite, 16GB RAM, 1TB SSD) — $1,299.99 $1,699.99 (save $400) 🔥

    • Asus ROG Strix G18 (AMD Ryzen 9 8940HX, Nvidia GeForce RTX 5050, 16GB RAM, 1TB SSD) — $1,394.99 $1,699 (save $305) + free Crimson Desert code 🔥

    • Lenovo Legion 5i (Intel Core i7-14700HX, Nvidia GeForce RTX 5070, 16GB RAM, 1TB SSD) — $1,469.99 $1,669.99 (save $200) + free 3-month Xbox PC Game Pass subscription

    • Microsoft Surface Laptop 7, 15-inch (Snapdragon X Elite, 32GB RAM, 1TB SSD) — $1,549.99 $2,099.99 (save $550)

    • Asus ROG Strix G16 (Intel Core Ultra 9 275HX, Nvidia GeForce RTX 5080, 32GB RAM, 1TB SSD) — $2,464.99 $2,899.99 (save $435)

    • LG gram Pro 16 (Intel Core Ultra 9 285H, Nvidia RTX 5050, 32GB RAM, 2TB SSD) — $2,499.99 $3,149.99 (save $650)

    Best kitchen deal

    $199.99
    at Amazon

    $229.99
    Save $30

    Includes free $19.96 Amazon credit

    Why we like it

    We’re happy to report that the bestselling Ninja Creami is just as great as TikTok says it is. Once you fill and freeze its pints with the base of your choice, “It makes ice cream, gelato, frozen yogurt, sorbet, and smoothie bowls with just the press of a button,” writes Mashable’s Samantha Mangino.

    This TikTok-famous appliance is marked down to $199.99 during the Big Spring Sale (or $30 off), which matches deals at Best Buy, Target, and the SharkNinja website. However, Amazon one-ups them all by throwing in a free $19.96 credit on top of that discount; you save about $50 total there.

    Check out Mashable’s full review of the Ninja Creami.

    More ice cream maker deals

    Air fryer, countertop oven, and multicooker deals

    Blender deals

    Coffee and espresso machine deals

    Mixer deals

    Best Lego deal

    $47.95
    at Amazon

    $59.99
    Save $12.04

     

    Why we like it

    Lego’s Botanicals sets are always a delight to have up on display, and this Japanese Red Maple Bonsai Tree is sure to add a lovely pop of red, orange, and green to your home. At the moment, it’s on sale at Amazon for $47.99, which is just pennies away from its lowest-ever price point of $47.95, according to price tracker camelcamelcamel. What better time to scoop up this 474-piece set if it’s caught your eye?

    More Lego deals

    Best beauty deal

    $349.99
    at Amazon

    $549.99
    Save $200

     

    Why we like it

    The Laifen hair dryer that Mashable’s hair tool expert, Bethany Allard, named as the best Dyson Supersonic dupe is on sale for the spring sale. But maybe you won’t be as hard-pressed to find a good dupe when the fanciest Supersonic is at a new record-low price.

    The Supersonic Nural’s main flex over the regular Supersonic is a system of sensors that automatically lower heat near your head, preventing a sizzling scalp. The Nural can also remember your preferred settings just based on the attachment being used, and knows to pause airflow when you set it down.

    More hair tool deals

    Skincare device deals

    Best home deal

    BLUEAIR Air Purifiers for Large Home Room, HEPASilent Air Purifiers for Bedroom, Pets Allergies Virus Air Cleaner for Dust Mold, Blue Pure 311i+ Max

    Why we like it

    Warmer weather means open windows at home. And for the lucky folks, open windows at home mean allergy-induced sniffles. Make this the year that you finally get an air purifier for your home. This Blueair model can clean up to 1,858 square feet in an hour (a much larger reach than other purifiers under $200 in this list). The powerful HEPA filter can remove airborne particles that irritate our respiratory systems, like pollen, dust, mold spores, pet dander, and smoke, so you’ll benefit from the benefits of filtered air indoors year-round.

    More air purifier deals

    Smart light deals

    Sheets, comforter, and pillow deals

    Stain remover tool and upholstery deep cleaner deals

    Best phone accessory deals

    $27.99

    $39.99
    Save $12.00

     

    More phone accessory deals

    Best streaming deal

    Prime Video add-ons

    More streaming service deals

    Live

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    Topics
    Amazon
    Amazon Big Spring Sale

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  • Gold and silver prices plunge: Why has safe-haven demand faded amid Iran war?

    Gold and silver prices plunge: Why has safe-haven demand faded amid Iran war?

    Published on

    It is an old market saying, but it has never felt more apt: when people are worried about the future, they buy gold — when they are worried about the present, they sell it.

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    While the Iran war has raised longer-term concerns over energy security and global stability, the immediate fallout, in the form of surging oil prices and renewed inflation fears, has forced investors to prioritise liquidity and higher-yielding assets over metals.

    Gold hit an all-time high of $5,602 (€4,873) at the end of January and looked to be heading higher still in early March, but has since dropped nearly 25% to a low of $4,100 (€3,567), trading around $4,500 (€3,915) at the time of writing.

    The decline marks a dramatic pullback from gold’s extraordinary performance last year.

    In 2025, the metal delivered one of its best annual gains in decades, rising more than 60% to record levels as central banks accumulated reserves and investors sought protection amid economic uncertainty.

    The drop in 2026 has triggered a swift unwinding of leveraged positions in futures and exchange-traded funds which were riding last year’s tremendous rise.

    This sharp reversal defies the traditional role of the metal as a refuge during geopolitical turmoil, with a stronger US dollar and rising bond yields proving far more influential.

    Macroeconomic forces override safe-haven appeal

    Rising US Treasury yields and a firmer US dollar have been the dominant headwinds for precious metals.

    Higher oil prices stemming from the Iran war have lifted inflation expectations, prompting markets to price in fewer Federal Reserve rate cuts or even the possibility of tighter policy for longer, including potential hikes that were previously unexpected.

    This has increased the opportunity cost of holding non-yielding gold, while the US dollar’s strength has made it more expensive for international buyers.

    The result has been a classic “flight to liquidity” rather than the expected flight to quality risk assets, as leveraged traders facing margin calls accelerated the sell-off.

    The correction for metals has been one of the sharpest in recent memory.

    Silver shares in gold’s downturn

    Silver, which often amplifies gold’s moves, followed with an even bigger drop.

    The white metal reached an all time high of $121 just one day after gold, on 29 January, but it has since dropped roughly 50% to as low as $61.

    At the time of writing, it is trading at around $70.

    Silver enjoyed an even more spectacular rally than gold in 2025, surging roughly 145% thanks to robust industrial demand from solar panels, electronics and electric vehicles, combined with investment buying.

    In 2026, however, it has also declined sharply amid the same pressures of US dollar strength and higher yields, although its industrial fundamentals continue to offer longer-term support.

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  • Fuel rations and free buses: How countries are responding to rising oil prices – BBC

    Fuel rations and free buses: How countries are responding to rising oil prices – BBC

    1. Fuel rations and free buses: How countries are responding to rising oil prices  BBC
    2. Americans face calls to cut their energy usage as Iran war drags on. Good luck with that.  CBS News
    3. From Vat cuts to price caps: How our European neighbours, Australia and New Zealand are tackling the energy crisis  The Irish Independent

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  • Kering Unveils the Inaugural Kering CRAFT Cohort Championing China’s Next Creative Voices

    Kering CRAFT cohort, from left to right: YU Gengyi, XIA Rong, LONGHONG Ziwei, ZHONG Zixin, HU Nan, CAI Jiaen, QI Yueqi, WANG Fengchen, XU Hao, WEI Donghui 

     

     

    Kering today announced the cohort of 10 fellows for the inaugural edition of Kering CRAFT – Creative Residency for Artisanship, Fashion and Technology – the Group’s pioneering program developed in partnership with Shanghai Fashion Week. Strengthening Kering’s support for emerging talent and fostering closer ties between Chinese and international creative communities, Kering CRAFT aims to accelerate the next generation of Chinese designers through a program spanning Milan, Paris, and Shanghai. 

     

    Since the official opening of applications in December 2025, over 100 excellent candidates submitted their applications. In March 2026, a rigorous evaluation and selection process was jointly conducted by Kering, Shanghai Fashion Week and the Kering CRAFT Advisory Board, composed of leading international experts across the luxury, fashion and creative industries. The criteria included creativity and originality, craftsmanship and product excellence, growth prospects, and the embodiment of future luxury trends.

     

    CAI Jinqing, President of Kering Greater China, said: “We are grateful to the Kering CRAFT Advisory Board and Shanghai Fashion Week for their invaluable support in selecting this inaugural cohort of ten exceptional fellows. Their creative passion, distinct perspectives, outstanding abilities and exceptional potential embody China’s new generation of creators. We look forward to meaningful learning and cultural exchange during their residency, and to further strengthening the richness and diversity of the CRAFT creative community together.”

     

    With a focus on fashion and jewelry design, the 10 chosen residents demonstrate distinct creative styles, keen cultural insights, bold innovative spirit, and strong business potential. Their design concepts also blend local originality with a global perspective. Many draw on Chinese culture and philosophy and reinterpret them into a global context, showcasing the inner cultural connections and heritage in contemporary fashion narratives.

     

    As a member of the Kering CRAFT Advisory Board, Demna, Artistic Director of Gucci, stated: “The creativity, innovation, and technical know-how in China are something I have always been fascinated by. I am excited to support the next generation of Chinese creatives and see how they will help shape the future of fashion.”

     

    By offering an immersive pathway grounded in excellence and guided by world‑renowned experts, the program will combine hands‑on learning, expert mentorship, and cultural exchange to advance craftsmanship, innovation, business development, and a sustainable fashion ecosystem. Ultimately, Kering CRAFT’s ambition is to support the emergence of Chinese brands rooted in local culture and yet resonating worldwide.

     

    The final cohort is composed of, in alphabetical order:

    • CAI Jiaen, fashion designer, J E CAI
    • HU Nan, fashion designer, Nan Knits
    • LONGHONG Ziwei, jewelry designer, Soft Mountains
    • QI Yueqi, fashion designer, YUEQI QI
    • WANG Fengchen, fashion designer, Feng Chen Wang
    • WEI Donghui, fashion designer, JACQUES WEI
    • XIA Rong, fashion designer, macro’SENSES
    • XU Hao, jewelry designer, qiqi
    • YU Gengyi, jewelry designer, Midnight Opera House
    • ZHONG Zixin, fashion designer, Zhong Zixin

     

    Bios of the cohort fellows can be found in the annex of the press release. 

    The cohort will embark on the international learning journey of Kering CRAFT in May, visiting Italy as the first stop in Europe. Leveraging the learnings acquired, after the completion of all modules of the residency, the Kering CRAFT fellows will present a final creative project during Shanghai Fashion Week 2027.

     

     

    ***

     

     

    About Kering

     

    Kering is a global, family-led luxury group, home to people whose passion and expertise nurture creative Houses across couture and ready-to-wear, leather goods, jewelry, eyewear and beauty: Gucci, Saint Laurent, Bottega Veneta, Balenciaga, McQueen, Brioni, Boucheron, Pomellato, Dodo, Qeelin, Ginori 1735, as well as Kering Eyewear and Kering Beauté. Inspired by their creative heritage, Kering Houses design and craft exceptional products and experiences that reflect the Group’s commitment to excellence, sustainability and culture. This vision is expressed in our signature: Creativity is our Legacy. In 2025, Kering employed 44,000 people and generated revenue of €14.7 billion.

     

     

    About Shanghai Fashion Week

     

    As a reputed City Name Card, Shanghai Fashion Week, relying on the urban heritage and cultural confidence of Shanghai, a century-old fashion capital, adheres to the positioning philosophy of “integration of local and international visions” and “balance between creative design and commercial implementation”. In the past 20 years, it has evolved from a merely fashion showcase platform to a fashion eco landscape, which runs through the entire fashion industry, and is commented as “the world’s most dynamic fashion week”.

     

     

    Contacts

    Roger HE       + 86 (21) 6185 3528       roger.he@kering.com 

    Yun JIANG       + 86 (21) 6185 3683       yun.jiang@kering.com 

    Emilie GARGATTE        + 33 (0)1 45 64 61 20       emilie.gargatte@kering.com 

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  • Airlines get crushed by fuel costs, budget airlines try to cope

    Airlines get crushed by fuel costs, budget airlines try to cope

    Budget airlines in Asia risk losing their price advantage as fuel prices rise and Middle East tensions disrupt key routes, forcing carriers to raise fares and cut expenses.

    Low-cost carriers rely on high passenger volumes and low fares, leaving them with thinner margins and less room to absorb fuel price swings and route disruptions than full-service airlines.

    Airline executives, speaking at the Aviation Festival Asia conference in Singapore, said they are now trying to cut costs, adjust fares and shift routes to avoid passing too much of the increase on to passengers.

    “[We have to] adjust the fares, and at the same time, stimulate the demand,” Vissoth Nam, CEO at AirAsia Cambodia, told CNBC’s Monica Pitrelli during a panel on Thursday. “Otherwise, we don’t have travelers.”

    India’s SpiceJet said the Middle East conflict has significantly affected its operations due to heavy traffic between India and the region.

    “Dubai alone has 77 flights a week from India, and that’s absolutely a huge impact for us from a route and loss of revenue perspective,”  said Kamal Hingorani, the chief customer officer at SpiceJet.

    While higher fuel costs have not yet fully hit the airline, Hingorani said prices are set monthly and could rise further in April.

    The Investment Information and Credit Rating Agency of India on March 26 changed its outlook on India’s aviation sector to negative from stable, citing the weaker Indian Rupee against the U.S. dollar and higher fuel prices. Fuel prices were 5.4% higher in March from a year earlier and are expected to rise further in April.

    Hingorani said if fuel prices rise to an unmanageable level, the airline “may have to absorb some [costs]” because passing on high fuel surcharges would hurt demand.

    Long-haul strength

    Not all airlines have been affected equally, however.

    Zipair Tokyo says it has performed relatively well compared with other budget airlines, partly because its routes avoid the Middle East and have not been disrupted by the conflict.

    The airline, which operates a fleet of eight planes on mid- to long-haul international flights, has also seen strong demand during Japan’s cherry blossom season, particularly in April.

    “With this crisis, there are some routes that have become strong while others have weakened,” said Brendan Sobie, an aviation analyst at Sobie Aviation. Long-haul routes have generally remained resilient.

    However, fuel prices still directly affect costs, Yasuhiro Fukada, incoming chief executive and co-founder of Zipair, said, especially because the airline carrier does not impose fuel surcharges.

    While Japan has domestic oil reserves and is procuring crude from the United States, Zipair told CNBC in an email that supply conditions could still become more challenging depending on how the conflict develops.

    Its parent company, Japan Airlines, implemented a fuel surcharge policy on international flights on Feb. 27 due to the “unprecedented rises” in fuel prices.

    Zipair intends to double its fleet to over 20 aircraft by 2032, Fukada said.

    Airlines turn to tech

    Low-cost carriers are also turning to technology to reduce costs.

    Zipair said on 26 Feb that its flights would be equipped with Starlink satellite internet at no charge to passengers.

    The service allows airlines to stream entertainment to passengers’ devices instead of installing heavier in-flight entertainment systems, reducing maintenance and fuel costs.

    SpiceJet said its subsidiary SpiceTech develops in-house software for customers and operational systems, allowing the airline to cut nearly 80% of its technology vendors and reduce expenses.

    This, Hingorani said, was “fundamental for our survival … because [SpiceTech is] a subsidiary and not our own company directly, it also is doing a lot of work for global airlines on those things.”

    Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.

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  • Aker Horizons ASA (under liquidation): Liquidation balance sheet

    OSLO, Norway, March 30, 2026 /PRNewswire/ — Reference is made to the extraordinary general meeting in Aker Horizons ASA (under liquidation) (the “Company”) held on 26 February 2026 where it was resolved to liquidate the Company.

    The Company’s Board of Directors has in accordance with section 16-6 of the Norwegian Public Limited Liability Companies Act prepared a liquidation balance sheet as of 28 February 2026. The liquidation balance sheet has been audited by the Company’s auditor. Both the balance sheet and the auditor’s report are attached hereto. The liquidation balance sheet and the auditor’s report will be distributed to the shareholders of the Company prior to final liquidation and is also available at the Company’s registered office as required by the Norwegian Public Limited Liability Companies Act.

    Reference is further made to the announcement made by Oslo Børs on 18 March 2026 regarding its decision to delist the Company’s shares from trading on Euronext Oslo Børs as of 20 April 2026, with the last day of trading on 17 April 2026. Following the delisting, the Company will only publish announcements to shareholders on its website www.akerhorizons.com until final liquidation, including notice(s) of general meeting(s), annual accounts, information regarding the final liquidation accounts and proposed liquidation dividend.

    For further information:

    Media and Investors:
    Mats Ektvedt
    Mobile: +47 41 42 33 28
    E-mail: [email protected]

    This information is published in accordance with the disclosure requirements set out in the Norwegian Securities Trading Act section 5-12.

    This information was brought to you by Cision http://news.cision.com

    https://news.cision.com/aker-horizons/r/aker-horizons-asa–under-liquidation–liquidation-balance-sheet,c4328309

    The following files are available for download:

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  • Eli Lilly Strikes AI Drug Discovery Deal With InSilico Worth Up to $2.75 Billion — Update

    Eli Lilly Strikes AI Drug Discovery Deal With InSilico Worth Up to $2.75 Billion — Update

    By Jason Chau

    Eli Lilly signed a drug discovery deal with InSilico that the Hong Kong-listed company says could be valued at as much as $2.75 billion, as global pharmaceutical giants continue to tap China's drug development pipeline.

    Under the agreement announced Sunday, InSilico will receive an upfront payment of $115 million and is eligible for additional milestone payments that could put the total deal value at about $2.75 billion, along with tiered royalties on future sales, it said in an exchange filing.

    Eli Lilly will obtain exclusive worldwide rights to manufacture and sell best-in-class oral treatments across multiple therapeutic areas discovered using InSilico's artificial intelligence model, Pharma.AI.

    The companies will also work on multiple research-and-development programs focused on targets selected by Lilly.

    Shares of InSilico, which specializes in developing drug discovery technology powered by AI and automation, surged 15% in early trade on Monday before paring gains. The stock was last up 4.4%.

    InSilico, which conducts its drug R&D in China and is backed by Hong Kong government's investment arm, is headquartered in Cambridge, Mass., and has operations across North America, Greater China and the Middle East.

    The deal marks Lilly's latest effort to tap China's vast pharmaceutical research base. The agreement extends Lilly and InSilico's partnership, which began in 2023, and builds on their AI drug discovery deal announced late last year, valued at up to $100 million.

    The U.S. drugmaker has pledged to invest $3 billion to expand its supply-chain capacity in the country. It has also struck several high-profile deals with Chinese drugmakers, including a partnership with Innovent Biologics to develop new treatments targeting cancer and immune system diseases that could be worth up to $8.5 billion.

    China has become a major hub for drug innovation in recent years, prompting global drugmakers to sign a flurry of licensing deals with Chinese companies.

    AstraZeneca has disclosed plans to invest $15 billion in China, alongside a licensing deal worth up to $4.7 billion with CSPC Pharmaceuticals inked earlier this year. Meanwhile, Japan's Takeda Pharmaceutical struck a deal valued at up to $11.4 billion with Innovent late last year.

    Growth in Chinese companies' development of first-in-class drug candidates has significantly outpaced that of their counterparts in the U.S., Europe and Japan, said Cui Cui, Jefferies's head of Asia healthcare research.

    "We believe Chinese biotechs are reshaping the U.S. biopharma landscape," she said, adding that assets from China are easing pricing pressures for multinational drugmakers in a timely and cost-effective way.

    "Insilico's AI-enabled discovery capabilities represent a powerful complement to Lilly's deep expertise in clinical development across multiple therapeutic areas," said Andrew Adams, Eli Lilly vice president of molecule discovery.

    InSilico raised 2.28 billion Hong Kong dollars, equivalent to US$291.1 million, in its initial public offering in the Asian financial hub last year. The IPO was backed by Eli Lilly's Asian venture arm, in addition to investors including Tencent and Temasek Holdings.

    Write to Jason Chau at jason.chau@wsj.com

    (END) Dow Jones Newswires

    March 30, 2026 00:10 ET (04:10 GMT)

    Copyright (c) 2026 Dow Jones & Company, Inc.

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  • Lufax Holding (LU) Is Down 11.2% After Class Action Filing And GM Exit What’s Changed

    Lufax Holding (LU) Is Down 11.2% After Class Action Filing And GM Exit What’s Changed

    • Rosen Law Firm has filed a class action lawsuit against Lufax Holding Ltd., alleging inadequate internal controls and materially misstated financial results for investors who purchased securities between April 7, 2023 and January 26, 2025, and Mr. Dongqi Chen has since resigned as General Manager effective March 31, 2026.

    • The combination of a securities class action focused on disclosure quality and the departure of a senior executive raises important questions about Lufax’s governance and reporting practices.

    • With investors recently experiencing a 11.22% seven-day and 3.70% one-day share price decline, we’ll assess how alleged misstatements reshape Lufax’s investment narrative.

    AI is about to change healthcare. These 34 stocks are working on everything from early diagnostics to drug discovery. The best part – they are all under $10b in market cap – there’s still time to get in early.

    For anyone considering Lufax, the big picture still revolves around whether you believe the company can turn an unprofitable, low price to sales business into a cleaner, better governed platform for serving small business borrowers. Short term, the key catalysts had been progress on returning to profitability, tighter risk management after the auditor switch, and execution under the incoming CEO. The new class action and the resignation of the General Manager now cut directly across those themes, because they question the quality of past numbers and internal controls at a time when board and management tenure is already short. The sharp recent share price fall suggests the market is treating this as more than background noise, and it may increase both regulatory and execution risk around any recovery story.

    However, investors should be aware that governance and disclosure concerns may not be fully reflected yet. Our valuation report here indicates Lufax Holding may be undervalued.

    LU 1-Year Stock Price Chart

    Three Simply Wall St Community fair value views, from US$1.81 to about US$2.99, show how far apart private investors can be on Lufax. Set against governance questions and a still loss making profile, this range underlines why you may want to weigh multiple viewpoints before deciding how much risk around internal controls and litigation you are comfortable with.

    Explore 3 other fair value estimates on Lufax Holding – why the stock might be worth as much as 64% more than the current price!

    Don’t just follow the ticker – dig into the data and build a conviction that’s truly your own.

    • A great starting point for your Lufax Holding research is our analysis highlighting 2 key rewards that could impact your investment decision.

    • Our free Lufax Holding research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Lufax Holding’s overall financial health at a glance.

    Early movers are already taking notice. See the stocks they’re targeting before they’ve flown the coop:

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include LU.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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