COMPANIES

British Airways Parent IAG Flies Back To Profit

IAG, the owner of British Airways, Iberia and other airlines, posted a net profit of $1 billion in the first half
IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company costs and ticket prices.
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Brazil's Embraer and its subsidiary Eve Air Mobility say they will begin manufacturing electric flying taxis, a model cabin of which is seen here at a Paris air show in June 2023, at a factory near Sao Paolo as early as 2026

Brazil's Embraer To Build Flying Taxis In Sao Paulo

Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paulo to manufacture electric flying taxis that could take off as soon as 2026.
Illustration shows Twitter app logo

Threads Surges To #1 On App Store After Twitter Threatens To Sue 'Copycat'

Threads is flying high after its glorious day one, but Twitter is not letting the "copycat" app celebrate too soon. Twitter lawyer Alex Spiro wrote to Meta CEO Mark Zuckerberg, accusing the social media giant of utilizing the knowledge of ex-Twitter-now-Meta-employees about Twitter trade secrets to develop Threads.

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