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Big Tech Earnings Reports Drive Mixed Stock Market Reactions
BusinessReutersBBCbloomberg+36wsjFTnzzyle-uutisetcnbchelsingin-sanomatnostagesschau+28 more1mo ago39 sources

Big Tech Earnings Reports Drive Mixed Stock Market Reactions

Several major tech companies, including Meta and Microsoft, reported earnings, leading to significant fluctuations in their stock prices. Meta saw a substantial drop after its AI expense estimates, while Microsoft's solid earnings didn't prevent a stock decline.

«Πυρά» Δημουλίδου για διαφήμιση Jumbo: «Τερατούργημα, είναι φθηνή, χυδαία και προκλητική»
Culturesvenska-dagbladetiefimerida2mo ago2 sources

«Πυρά» Δημουλίδου για διαφήμιση Jumbo: «Τερατούργημα, είναι φθηνή, χυδαία και προκλητική»

Η νέα διαφήμιση των Jumbo με πρωταγωνιστές την Κατερίνα Καραβάτου και τον Χρήστο Φερεντίνο έχει προκαλέσει έντονες αντιδράσεις, με τη συγγραφέα Χρυσηίδα Δημουλίδου να την χαρακτηρίζει «φτηνή, χυδαία…

Retailer Jumbo records 4 per cent sales growth in Cyprus for early 2026
Businesscyprus-mail3mo ago

Retailer Jumbo records 4 per cent sales growth in Cyprus for early 2026

Cyprus remained in positive territory for Jumbo Group at the start of 2026, with the retailer reporting a 3 per cent rise in February sales and a 6 per cent increase over the first two months of the year, despite a tough comparative base. The group noted that February 2025 had been a particularly strong […]

A startup wants to beat Airbus and Boeing with an ultra-wide 'flying wing' jet with massive cargo space
TechnologyBusiness Insider3mo ago

A startup wants to beat Airbus and Boeing with an ultra-wide 'flying wing' jet with massive cargo space

A US startup wants to lure customers with lucrative cargo space unavailable on today's narrowbodies. Natlius US startup Natlius unveiled plans for a dual-deck blended-wing jet with a level for passengers and another for cargo. It's a familiar setup, but the ultra-wide jet would hold more freight than existing narrowbodies. The smaller, cargo-heavy plane could be built as a designated freighter and replace the Boeing 757. Airbus' CEO recently said the future of flying is a B2-bomber-shaped "blended-wing body" plane with passengers housed inside the plane's one giant wing for maximum efficiency. Aleksey Matyushev, the CEO of the US aerospace startup Natilus, told Business Insider that his company has taken that vision one step further by redesigning its proposed blended-wing plane, Horizon, with plans to offer more lucrative cargo space while still delivering the 50% lower operating costs and up to 250 seats previously promised. Instead of the single-deck seating layout originally planned, the newly unveiled Horizon Evo — which the company expects to enter service as soon as the early 2030s — reimagines what cargo-heavy passenger jets can look like by adding a "dual-deck" layout. So far, Natilus' blended-wing vision is just a sketch on paper, and a mini-sized prototype it's been flying; actually developing and certifying the new plane type and getting it into the air is a much longer road. The dual deck design would have cargo sitting below the passengers, as is the case with traditional airplanes. Natilus Still, the dual-deck idea should be familiar to regulators and airlines, as it is the configuration of traditional tube-and-wing jets where passengers sit in a single level above the cargo hold. When installed on an ultra-wide blended-body, it results in a very cargo-heavy plane. Evo is expected to boast 2,600 cubic feet of dedicated cargo space on the lower level. For context, most Boeing 737s or Airbus A320s, which are at least 10 feet longer but have a cabin roughly half as wide despite similar wingspans, offer between roughly 1,300 and 1,800 cubic feet of belly cargo space. This cargo focus comes at a time when belly freight has become one of the most reliable money-makers in aviation (e-commerce helped keep airlines afloat during the pandemic). The lure could help break the Airbus-Boeing duopoly while also addressing a projected shortfall of roughly 15,000 narrow-body aircraft over the next two decades. "The market has gravitated toward a single-deck [blended-wing] layout because it's simpler to design and build in many ways, but I just don't see it as operationally better," Matyushev said. Natilus said its futuristic Evo jet will fit into existing airport infrastructure. Natilus California-based competitor JetZero, for example, is developing a single-deck version. Company leaders have previously said there is a lower deck for the landing gear and some cargo containers, but it could move that floor up to create more space. Making a dual-deck layout in a blended-wing aircraft is challenging. Unlike conventional jets, the design spreads volume horizontally rather than vertically, and stacking passengers above a cargo deck in this uniquely triangular-shaped airframe requires careful structural and engineering solutions. Evo's cargo economics could shake up the market for freight-reliant carriers. With roughly 11,000 cubic feet of cargo space across its two levels, Matyushev said Evo could serve as a dedicated freighter — potentially replacing planes like the Boeing 757. "There's a huge product gap left behind by the 757; companies like UPS and FedEx heavily rely on that configuration," Matyushev said. "Evo has the same volumetric capacity as a 757 but in a smaller airframe." Beyond cargo, Matyushev said the plane's unique geometry would similarly enhance the customer experience: airlines could fit the wide upper level with unique living spaces, such as a playroom or mini-offices. Natlius envisions a 12-abreast economy cabin with the potential to also install unique spaces that are not practical on traditional jetliners. Natilus He added that the economy cabin would feature more overhead bins and three aisles for better comfort, door access, and safety during evacuations: "It'd have four sets of three seats across, which is close to the A380," Matyushev said, referring to the superjumbo's possible 11-abreast seats." We're thinking about it like a widebody layout in a narrow-body type of footprint." Matyushev also said that Evo would have windows — something Airbus' top executive warned could be absent from some blended-wing designs. A windowless passenger jet could create a claustrophobic environment, and flight attendants may struggle to see outside as easily during an emergency. Natilus doesn't have a prototype of Evo, but a subscale model of its blended-wing cargo plane, called Kona, has been test-flying since 2023. Kona has secured orders from companies like US-based Ameriflight and Canada-based Norlinor, while Indian carrier SpiceJet has signed a conditional deal for 100 Evos. The above rendering shows Natilus' proposed "privacy pods" onboard the wide BWB jetliner. Natilus Natilus has raised $28 million in Series A financing to support its first full-scale Kona prototype and further development of Evo. It typically costs billions of dollars to develop passenger-ready commercial jetliners, and Natilus has a long way to go. The 737 Max cost around $2 billion to develop (before safety issues and the subsequent global grounding forced Boeing to redesign the plane). It was built on an older airframe that cost around $1.1 billion, in inflation-adjusted dollars, to develop. Meanwhile, the Airbus A320neo cost just over $1 billion to develop; it was also built on an older airframe, that originally cost around $3 billion to develop. Natilus isn't the only company betting on a Jetsons-like blended-wing aircraft. United Airlines has tentatively committed to buying up to 200 of JetZero's "Z4," which it previously described to Business Insider as a "living room in the sky." Airbus has also been developing a commercial flying wing since 2017 as part of its ZEROe program, which aims to build zero-emission airlines powered by hydrogen rather than traditional jet fuel. That project flew a demonstrator in 2019 but has since been delayed at least a decade from its initial 2035 timeline. Read the original article on Business Insider

Nigeria Considers 'Jumbo Pension' for Police Retirees
Businessvanguard-ng29d ago

Nigeria Considers 'Jumbo Pension' for Police Retirees

Nigeria's PenCom is pushing for a 'jumbo pension' scheme that would provide lifetime full-pay retirement for police, aiming to address years of protests and welfare challenges faced by retirees. The proposal awaits President Bola Tinubu's approval.

Athens Stock Exchange Falls Amid Middle East Concerns
Financeiefimeridanaftemporiki1mo ago2 sources

Athens Stock Exchange Falls Amid Middle East Concerns

The Athens Stock Exchange experienced a 1.51% drop in its General Index, with banks and blue-chip stocks facing significant selling pressure. This decline is attributed to imported pressures and growing concerns over the situation in the Middle East.

Jumbo Group Reports 4% Sales Growth, April Sees Decline
Businessnaftemporikinewsbeast1mo ago2 sources

Jumbo Group Reports 4% Sales Growth, April Sees Decline

The Jumbo Group announced a 4% increase in sales for the first four months of the year, despite experiencing negative growth in April. This indicates a mixed performance for the retail giant during the period.

Mitsubishi UFJ Suggests Jumbo Rate Hike Needed to Boost Yen
Worldjapan-times10d ago

Mitsubishi UFJ Suggests Jumbo Rate Hike Needed to Boost Yen

Mitsubishi UFJ Asset Management indicated that a larger or out-of-cycle Bank of Japan rate hike might be necessary, warning that an expected increase this month may not suffice to prevent further declines in the yen and Japanese government bonds.

Nigerian Military Airstrike Kills Over 100 People
PoliticsNYTyle-uutisetfaz+15DWlsm-lvdelfi-ltTimes of Indiadeadlinen1-bihnaftemporikibalkan-web+7 more1mo ago18 sources

Nigerian Military Airstrike Kills Over 100 People

Over 100 people have reportedly died following a military airstrike in Nigeria. This incident is a significant development amidst other national news, including government plans for housing and education, and political discussions.

Senator Rubio Meets Pope Leo XIV at Vatican Amid US-Vatican Tensions
WorldBBCbloombergNYT+96FTle-mondewapoThe GuardianNPRAl Jazeeradr-dkFox News+88 more1mo ago99 sources

Senator Rubio Meets Pope Leo XIV at Vatican Amid US-Vatican Tensions

US Senator Marco Rubio met with Pope Leo XIV at the Vatican in a 'constructive' meeting aimed at strengthening US-Vatican ties. The discussions took place amidst reported tensions between the Vatican and the Trump administration.

«Πραγματικά το τερματίσατε»: Στα δύο τα social για την διαφήμιση Jumbo με τους Καραβάτου-Φερεντίνο και ένα κοκορέτσι
Cultureiefimerida3mo ago

«Πραγματικά το τερματίσατε»: Στα δύο τα social για την διαφήμιση Jumbo με τους Καραβάτου-Φερεντίνο και ένα κοκορέτσι

Ποικίλα σχόλια προκάλεσε η πασχαλινή διαφήμιση της εταιρείας Jumbo, που πρωταγωνιστούν η Κατερίνα Καραβάτου και ο Χρήστος Φερεντίνος. Η εταιρεία, που συζητιέται συχνά για τις διαφημίσεις της,…

HSBC Cuts Jumbo Stock Target Price
Financenaftemporiki3mo ago

HSBC Cuts Jumbo Stock Target Price

HSBC has lowered its target price for Greek retailer Jumbo's stock from 37.5 euros to 32.5 euros, while maintaining a 'buy' recommendation.