By Charlotte Greenfield, Federico Maccioni, Joanna Plucinska and Lisa BarringtonDUBAI/KABUL/LONDON (Reuters) - Airlines are turning to a network of third parties to pay fees to Afghan authorities as more planes use the country’s airspace, increasing the risk of legal disputes and money laundering, according to pilots, aviation executives and lawyers.In the last year more airlines have started fl ...
By James DaveyLONDON (Reuters) -European discounter Pepco Group has received interest from potential buyers of its struggling 825-store Poundland business in Britain, its boss said on Thursday."There are definitely interested parties for this business," CEO Stephan Borchert told Reuters after Pepco Group said it was evaluating all strategic options to separate Poundland from the Warsaw-listed grou ...
Investing.com -- Shares of Comet Holding AG (SIX:COTNE) fell more than 12% on Thursday after the Swiss technology company reported its full-year 2024 financial results. While Comet posted a 12.1% increase in net sales to CHF 445.4 million and a stronger EBITDA margin of 13.6%, concerns over weak performance in key divisions and cautious guidance for 2025 appeared to weigh on investor sentim ...
By Che Pan and Brenda GohBEIJING (Reuters) - Alibaba (NYSE:BABA) Group’s release of an artificial intelligence (AI) reasoning model, which it said was on par with global hit DeepSeek’s R1, drove its Hong Kong-listed shares more than 8% higher on Thursday.In a post on X, the e-commerce leader’s AI unit said its QwQ-32B, with 32 billion parameters, can achieve performance comparable to DeepS ...