Boeing continued to fall further behind European rival Airbus in deliveries this year

International News via Reuters:

U.S. planemaker Boeing said on Tuesday that it delivered 48 airplanes in July, down from 60 in June but five more than a year earlier. It was the most deliveries by the company in July since 2017, when it delivered 58 aircraft. 

Boeing continued to fall further behind European rival Airbus in deliveries this year.

Airbus handed over 67 jets in July despite having a growing number of aircraft unable to be delivered because it lacks enough engines. That was down from 77 in July 2024, but it lifted Airbus’ year-to-date tally to 373, compared to Boeing’s 328. 

Airbus is also leading the U.S. planemaker in single-aisle jet deliveries, with 286 A320neo family jets compared to Boeing’s 243 737 MAX jets. About 66% of all commercial jets are single-aisle planes.

Boeing delivered 37 of its best-selling 737 MAX jets in July, 20 of which were for aircraft lessors and 17 for airlines. Boeing also handed over eight 787s, two 777 freighters and one 767 freighter. Airbus delivered five regional A220 jets, 54 of its cash-cow A320neo family, two A330s and six A350s.

Aircraft deliveries are closely tracked by Wall Street because planemakers collect much of their payment when they hand over jets to customers.

Boeing booked 31 gross orders in July, which included 30 for 737 MAX jets and one for a 787. The Republic of Iraq canceled one 787 order, though it still has seven 787s on order. 

By the end of July, the aerospace giant had received 699 new orders this year, or 655 net orders after adjusting for cancellations and conversions. Its order backlog was 5,968 after adjusting for U.S. accounting standards.

Airbus has struggled with delayed deliveries from its largest engine supplier, CFM International, co-owned by GE Aerospace and Safran, but delays have spread to its RTX-owned rival Pratt & Whitney in the wake of a recent strike, the European planemaker said.

Airbus still projects that it will deliver 820 jets by the end of the year, a 7% rise from last year. 

Boeing has not given guidance for annual deliveries. The U.S. company is working to stabilize production after a mid-air panel blowout on a new 737 MAX in January 2024 exposed widespread production quality and safety problems.

Reporting by Dan Catchpole in Seattle; Editing by Jamie Freed

SAP was briefly set for its biggest one-day drop since October 2020 and was last down 5.5%

International News via Reuters:

Software stocks in Europe fell sharply on Tuesday, with heavyweight SAP sliding more than 6% amid concerns over the risks that artificial intelligence could pose to this part of the technology sector.

SAP was briefly set for its biggest one-day drop since October 2020 and was last down 5.5%. Meanwhile, Dassault Systemes, Sage and Nemetschek fell between 4% and 10%, making tech the worst-performing sector in Europe.

One trader said the selloff mirrored declines among U.S. peers such as Adobe, Salesforce, Intuit and Workday on Monday, following a MarketWatch article that looked into the potential impact of AI on software companies, in particular.

On Monday, Melius Research downgraded Adobe to sell.

Reporting by Danilo Masoni; Editing by Amanda Cooper

The vinyl version of the album is available for pre-order on Swift’s website at $30

International News via Reuters:

Superstar Taylor Swift on Tuesday announced her 12th studio album, “The Life of a Showgirl”.

Swift, who has won 14 Grammys including an unprecedented four trophies for album of the year, announced the album in a podcast episode with her boyfriend and U.S. football star Travis Kelce and his brother Jason Kelce.

“This is my brand new album, ‘The Life of a Showgirl’,” Swift said while holding a blurred-out version of the album cover, in a clip of the New Heights podcast on Instagram. The full podcast episode is set to release at 7 pm (1100 GMT).

Swift’s website said the official release date of the album would be announced later.

The vinyl version of the album is available for pre-order on Swift’s website at $30. The cassette version costs $20, and a CD with a poster of Swift is available for $13.

The megastar, whose record-breaking “Eras” tour was the first to surpass $1 billion in revenue, announced the album after she purchased the master recordings of her first six albums in May, giving her control of all of her music after a dispute with her former record label.

Swift’s last album “The Tortured Poets Department” sold 2.61 million albums and streaming units during its first week of release in the U.S., with Billboard scoring it the largest streaming week for an album ever and the largest sales week for an album on vinyl in the modern era.

Spotify said “Poets” was its most-streamed album in a single week, surpassing 1 billion streams.

She is among several of music’s top artists releasing albums recently. Fellow pop artist Sabrina Carpenter will release album “Man’s Best Friend” in August, while singer Ed Sheeran is releasing an album in September.

Swift, 35, has been setting music industry milestones and boosting local economies with The Eras Tour, a phenomenon that some economists have termed “Swiftflation.”

The term is used to describe how her massively popular tour has created temporary surges in local prices – particularly in sectors like hotels, dining, travel, and entertainment.

Reporting by Chandni Shah in Bengaluru; Editing by Tom Hogue, Stephen Coates and Kim Coghill

Wildfires in Canakkale’s Ezine and Ayvacik districts were largely brought under control

International News via Reuters:

Firefighters battled multiple wildfires across Turkey on Tuesday, with a large blaze in the northwestern province of Canakkale burning for a second day after hundreds of residents were evacuated in precaution.

Both Canakkale airport and the Dardanelles Strait, which connects the Aegean Sea to the Sea of Marmara, were temporarily shut due to the wildfires on Monday.

Wildfires in Canakkale’s Ezine and Ayvacik districts were largely brought under control, but blazes in the city centre in the southern part of the Dardanelles Strait were still burning, Agriculture and Forestry Minister Ibrahim Yumakli said in a post on X.

Seven planes and six helicopters were tackling the blaze on Tuesday, Canakkale Governor Omer Toraman said in a post on X, adding that there was no immediate danger to residential areas.

Other wildfires in the northern province of Edirne and southern province of Hatay were completely brought under control while efforts were underway to battle another wildfire in the western province of Manisa, Yumakli said.

Reporting by Ali Kucukgocmen; Writing by Huseyin Hayatsever; Editing by Daren Butler and Andrew Cawthorne

Taiwan is regularly hit by typhoons, generally along its mountainous, sparsely populated east coast facing the Pacific

International News via Reuters:

Authorities in Taiwan were scrambling on Tuesday to evacuate hundreds from the likely path of Typhoon Podul, expected to make landfall on the island’s southeastern coast, while nearby areas battle to recover from the havoc caused by previous storms.

Taiwan is regularly hit by typhoons, generally along its mountainous, sparsely populated east coast facing the Pacific.

The mid-strength Typhoon Podul, packing gusts of as much as 155 kph (96 mph), was heading for the southeastern city of Taitung as it intensifies and was expected to make landfall nearby on Wednesday, weather officials said.

In the eastern county of Hualien, nearly 700 people will be evacuated from their homes to guard against the risk of overflow from a natural dam formed after a landslide set off by a previous typhoon.

“We must especially urge people living downstream to follow government instructions and evacuate,” said Chu Chung-jui, an official of the National Science and Technology Center for Disaster Reduction.

“Authorities are closely monitoring this landslide lake,” he told a Taipei briefing for the typhoon taskforce.

After making landfall, the storm was expected to hit the densely populated western coast before heading for China’s southern province of Fujian later this week.

As much as 600 mm (24 inches) of rain was forecast in southern mountainous areas over the next few days, the Central Weather Administration said.

More than a year’s rainfall fell in a single week this month in some southern areas, unleashing widespread landslides and flooding, with four deaths.

Authorities were also working to evacuate those whose homes were damaged by a July typhoon that brought record winds and damaged the electricity grid in a rare direct hit to Taiwan’s west coast.

Swimmers on a beach near the northeastern port of Suao were enjoying the last of the fine weather before warnings of high seas went out and the coast guard cordoned off coastal areas.

“Here in the east, we always have typhoons or earthquakes, so we are not really scared of those, but rather used to them,” said Yu How-ling, a 30-year-old beach visitor.

Reporting by Yimou Lee, Fabian Hamacher, Ann Wang and Yi-Chin Lee; Editing by Clarence Fernandez

The pan-European STOXX 600 index was up 0.2%, as of 0900 GMT

International News via Reuters:

European shares rose on Tuesday, as a U.S.-China tariff truce extension aided sentiment, while investors awaited U.S. inflation data to gauge the impact of tariffs on price pressures and monetary policy path.

The pan-European STOXX 600 index was up 0.2%, as of 0900 GMT.

Italy’s FTSE MIB rose 0.5%, leading modest gains across regional markets, while Germany’s DAX dipped 0.1%.

Investors were relieved after Washington and Beijing extended a tariff truce by 90 days, staving off triple-digit duties on each other’s goods until November 10, and setting the groundwork for a meeting between U.S. President Donald Trump and Chinese President Xi Jinping later this year.

“The fact that they’re still talking and there seems to be a will on both sides is important and I think that is good news for the world economy,” Premier Miton Investors Chief Investment Officer Neil Birrell said.

“We’re celebrating things not being quite as bad as they could have been, which is the way the market operates at times.”

Meanwhile, Trump said both Kyiv and Moscow will have to cede land to end the war ahead of his summit with Russian President Vladimir Putin on Friday. Hopes of a Ukraine peace deal have buoyed European stocks in recent days.

Data later in the day is expected to show U.S. consumer prices likely increased moderately in July, though rising costs for goods like household furniture and apparel because of tariffs probably resulted in a measure of underlying inflation posting its largest gain in six months.

Soft economic data in recent weeks and a shake-up at the Federal Reserve have stoked expectations of as many as two interest rate cuts from the U.S. central bank this year.

Technology stocks were the laggards on the day, down 1%, with U.S. tech major Nvidia slipping in U.S. premarket trading, after a report said that Chinese authorities have urged local companies to avoid using Nvidia’s artificial intelligence chips.

Spirax Group was the top gainer on the STOXX 600, surging 13%, after the British manufacturing group’s first-half results beat expectations.

Sartorius rose 3.6% after Jefferies upgraded the pharmaceutical equipment supplier’s stock rating to “Buy” from “Hold”.

Vestas Wind Systems gained 4.1% after receiving orders in the U.S. for undisclosed projects.

Conversely, Derwent London shares dropped 4.4% and were the top decliners on the STOXX 600 after reporting lower first-half earnings.

Reporting by Twesha Dikshit and Sruthi Shankar in Bengaluru; Editing by Rashmi Aich