By Aditya Kalra, Allison Lampert and Abhijith Ganapavaram NEW DELHI (Reuters) -A preliminary report depicted confusion in the cockpit shortly before an Air India jetliner crashed and killed 260 people last month, after the plane’s engine fuel cutoff switches flipped almost simultaneously and starved the engines of fuel. The Boeing (NYSE:BA) 787 Dreamliner bound for London from the Indian city of ...
Investing.com -- UBS has raised its conviction on European equities ahead of the second-quarter earnings season, citing potential company-specific outperformance despite broadly muted expectations across the region. According to UBS’s European Equity Strategy update, Q2 earnings growth for Corporate Europe is projected to remain “quite muted,” with full-year 2025 forecasts revised down to 2% ...
Investing.com -- UBS continues to view the medical devices sector as a high-quality, defensive investment theme, supported by long-term demographic shifts and rising global demand. In its Tuesday report, the bank reiterated that the sector is benefiting from structural trends tied to longevity, increasing global life expectancy, and greater adoption in emerging markets. Medical devices are seen as ...
(Reuters) -SpaceX has committed $2 billion to xAI as part of a $5 billion equity round, deepening the ties between tech billionaire Elon Musk’s ventures as his artificial intelligence startup races to compete with rival OpenAI, the Wall Street Journal reported on Saturday. The investment follows xAI’s merger with X and values the combined company at $113 billion, with the Grok chatbot now powe ...