Swiggy Anticipates Operating Profit by Late 2025 Despite Losses Fueled by Instamart Growth
Swiggy, the renowned online food delivery service from India, has recently reported a significant financial downturn primarily attributed to its fast-growing grocery arm, Instamart. In a disclosure, the company stated it expects to reach operating profitability by the end of 2025, amid ongoing investments to bolster its market presence.
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UPS and FedEx Adjust Holiday Shipping Fees for 2024: What You Need to Know
In a strategic move aimed at addressing the surging demand for holiday shipping and the ongoing challenges within the logistics industry, both UPS and FedEx have decided to extend the time frame in which they will impose additional fees for holiday delivery services in 2024. This decision reflects a shared understanding of the pressures faced by consumers and businesses alike during the bustling festive season.
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Emirates Airlines Voices Discontent Over Boeing's 777X Delays Hindering Growth
Emirates Airlines has expressed significant frustration over the ongoing delays in the delivery of Boeing's much-anticipated 777X aircraft. The airline's top executives have not held back in sharing their concerns, emphasizing how these setbacks are stifling growth plans and affecting their operational capabilities.
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South Africa's Treasury Set to Suspend Municipal Funds Due to Growing Water Debt Crisis
In a significant move that underscores the fiscal challenges facing local governments, South Africa’s Treasury has announced plans to suspend the disbursement of municipal funds amidst a burgeoning water debt crisis. This decision comes as municipalities across the nation struggle to manage unpaid water bills, which have reached alarming levels, threatening essential services in various communities.
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Southwest Airlines Faces Delays Due to Boeing Strike, Impacting 2025 Aircraft Deliveries
In a significant development within the aviation industry, Southwest Airlines recently announced that ongoing strikes at Boeing are projected to severely affect aircraft deliveries scheduled for 2025. The airline's executive team conveyed their concerns during a recent financial update, revealing that the labor disputes at Boeing could result in a shortage of new aircraft, substantially impairing Southwest’s operational capabilities.
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Emirates Airlines Faces Jet Delivery Delays Impairing Growth Ambitions
Emirates Airlines has recently revealed that delays in the delivery of new aircraft are significantly hindering its expansion strategies. As one of the world’s most prominent airlines, Emirates relies heavily on a steady flow of new planes to enhance its fleet and meet increasing global travel demand. The situation has prompted concerns regarding the airline’s ability to maintain its competitive edge and operational efficiency.
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Cathay Pacific Expresses Disappointment Over Boeing 777X Delivery Delays
Cathay Pacific Airways has openly voiced its disappointment regarding the continued delays in the delivery of Boeing's much-anticipated 777X aircraft. The airline, which has been eagerly awaiting the arrival of these new planes, has expressed that the postponements are impacting its growth and operational strategies as it navigates a post-pandemic recovery phase.
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Just Eat Takeaway Faces Decline in Third-Quarter Orders Amidst US Demand Challenges
Just Eat Takeaway, the global food delivery giant, has reported a significant decrease in orders during the third quarter of 2024. This downturn has been predominantly attributed to a faltering demand in the United States, raising concerns about the company's performance and strategic direction moving forward.
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Stellantis Foots the Bill for Citroën Subsidy After Delivery Delays
The deal, which would make up for a subsidy concerning delayed Citroën vehicle deliveries, represents the critical attempt at redemption of Stellantis NV, a leading international carmaker, against recent setbacks. The move is part of the company's efforts to put unexpected setbacks into a minimum to maintain customer satisfaction.
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