Europe
BBC Business

This farmer wanted to quit the cocaine industry - he couldn't

When Perea stopped growing coca - the raw material used to make cocaine - he vowed never to plant it again. He uprooted the green bushes on his small farm in a remote corner of the province of Meta in Colombia, reachable only by river, and replaced them with legal crops like cassava and plantain. Perea was one of thousands who joined a government-run crop substitution programme aimed at helping farmers abandon coca. But much of the promised assistance never arrived, and a lack of roads and recurring floods made it difficult to sell his produce. "It's a tragedy," says Perea. "But when you have children and no work, what choice do you have? If no help ever arrives, you go back to growing it." The coca leaf is an ancestral crop traditionally used by indigenous communities in teas and medicines. But today most of it is processed into cocaine. An estimated 70% of the global supply of the illegal drug comes from Colombia. "Coca has some major advantages over other crops," says Lucas Marín Llanes, a Colombian researcher who focuses on the coca economy and substitution strategies. "Harvests are quick - farmers can get three or four a year - it's easier to transport, and farmers know what price they'll get." Research Marín has worked on shows coca cultivation can also boost local economies, increasing municipal GDP by as much as 10% in some areas between 2014 and 2019. Substitution programmes were designed to help Colombian coca farmers move away from the crop and build legal livelihoods. Yet today the planting of coca is at record levels at more than 250,000 hectares - and many Colombians in substitution programmes say they have been let down. Elena Hernández moved to the coca-growing region of Guaviare during the boom of the 1990s, lured by better pay. "There was more money back then - you could see it everywhere," she says. "I managed to save and buy a small house."

This farmer wanted to quit the cocaine industry - he couldn't
North America
CNBC Finance

American Airlines CEO lays out his vision to close a more than $3 billion profit gap

The carrier is flying about 6,500 flights per day this year — nearly an entire Alaska Airlines more worth of travel more than its closest competitor, according to Cirium — yet American's profit gap has grown. United Airlines brought in about $3 billion more than American last year, and U.S. profit leader Delta Air Lines made nearly $5 billion more. In an exclusive interview with CNBC late last month, Isom said American and its nearly 140,000 employees want "to be best at everything that we do." He said that carrier's "long-range plan is certainly making up the margin gap," but he didn't put a timeline on that goal. American's top executives at the carrier's headquarters late last month outlined new initiatives to CNBC: bigger, more luxe airport lounges, a new wide-body aircraft order, and fresh interiors for even more of its long-haul fleet to attract big spenders. Isom described the carrier's identity as "a premium global airline with the largest footprint in North America." American has more decisions it needs to make — and soon — to close the gap. Perhaps its biggest challenge is getting customers to shell out more to fly, something Delta and United zeroed in on years ago. American has mastered running an efficient business but "what we will measure over time is: Are we closing this revenue gap and closing the unit revenue gap?" American CFO Devon May said. The carrier's executives reiterated that American's plan rests on growing its ever-more important loyalty program, improving customers' experience, expanding its network and increasing higher-end revenue. The airline is forecast to earn 64 cents a share this year, on an adjusted basis, which would be up almost 80% from last year, according to analyst estimates. It will give an updated forecast when it reports second-quarter results on Thursday. United and Delta earlier this month reported bookings are still strong. The surge in fuel prices have both helped and hurt the industry this year: The sudden run-up in prices because of the Iran war took carriers off guard, though they're passing more of those costs along to travelers, and executives don't expect fares will drop much anytime soon. Wall Street is optimistic American will continue to improve, expecting it to quadruple adjusted earnings in 2027 to $2.58 a share. American is now remodeling cabins across the fleet and taking deliveries of new planes with interiors that feature new amenities and more premium seats. Executives have said they're considering but haven't decided on bringing back seatback screens to much of its narrow-body fleet, though American recently joined the ranks of airlines that are adding satellite Wi-Fi from SpaceX's Starlink. Customers who are willing to pay more for premium seats or other perks like lounge access have been a bright spot across the industry, and everyone from profit leader Delta to now-defunct budget carrier Spirit Airlines has tried to woo those travelers as airlines rush to get fancy, new seats — small but profitable real estate — in the air.

American Airlines CEO lays out his vision to close a more than $3 billion profit gap
Asia
The Hindu BusinessLine

UltraTech Cement net up 17% on strong realisation, India Cements turnaround

UltraTech Cement, an Aditya Birla Group company, reported that its net profit in the June quarter was up 17 per cent at ₹2,604 crore against ₹2,221 crore in the same period last year on better realisation. Revenue increased 16 per cent to ₹24,648 crore (₹21,275 crore). The profit was partly driven by the turnaround of India Cements, which recorded a net profit of ₹52 crore in the quarter under review against net loss of ₹183 crore logged in same quarter last year. The turnaround was driven by 18 per cent increase in sales volume, sharper cost control focus and enhanced market reach, said UltraTech Cement. UltraTech domestic sales volumes jumped 13 per cent to 39 million tonnes while consolidated sales were up 12 per cent at 41 million tonnes. Capacity utilisation stood at 81 per cent on an installed capacity of 200 mtpa in India, it said. EBITDA per tonne improved to ₹1,214 against ₹1,198 logged in the previous year same quarter, reflecting the company’s continuing focus on cost reduction. Sales realisation was up marginally at ₹5,218 per tonne (₹5,163). UltraTech’s manufacturing platform continued to strengthen during the quarter, building on the significant milestone achieved in April when the company crossed 200 MTPA domestic grey cement capacity and 205 MTPA global capacity, including its international footprint. The company’s expansion programme remains anchored in a balanced combination of greenfield projects, brownfield expansions and debottlenecking opportunities. The approach continues to enhance market reach, improve logistics efficiency and strengthen service reliability across regions, further consolidating UltraTech’s leadership position. During Q1 FY27, the company deployed electric heavy-duty trucks for mining operations and clinker transportation. UltraTech commissioned 20 MW of Waste Heat Recovery System capacity during the quarter. Consequently, the company’s total installed WHRS capacity increased to 434 MW. Along with its renewable energy of 1.4 GW, the company achieved a green power mix of 47 per cent at the end of this quarter. The company has invested ₹888 crore in the wires and cables venture and expects to commission the plant by end of this year. Earlier, UltraTech committed an investment of ₹1,800 crore in the new venture. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

UltraTech Cement net up 17% on strong realisation, India Cements turnaround
Asia
The Hindu BusinessLine

Agilus Diagnostics appoints Vijender Singh as MD & CEO

Fortis Healthcare Ltd on Monday said its arm Agilus Diagnostics, has appointed Vijender Singh as its Managing Director & Chief Executive Officer. This follows the resignation of Anand K, who has decided to pursue opportunities outside the organisation after being associated with the company for nearly six years, Fortis Healthcare said in a regulatory filing. Prior to joining Agilus Diagnostics, Singh served as Chairman and Managing Director of Diagnum Healthcare, where he focused on strategic growth, governance and business development. He brings with him over three decades of leadership experience across diagnostics, healthcare, consumer healthcare and FMCG sectors, it added. Commenting on Singh's appointment, Ashutosh Raghuvanshi, Managing Director & Chief Executive Officer, Fortis Healthcare Ltd and Chairman, Agilus Diagnostics, said, "As the diagnostics landscape continues to evolve, we believe his leadership will further strengthen our capabilities, accelerate innovation, enhance customer experience and reinforce Agilus' position as one of India's most trusted diagnostic brands." Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Agilus Diagnostics appoints Vijender Singh as MD & CEO
Europe
BBC Business

Are you a parent missing out on £27 a week? Here's how to check

Image source, Getty ImagesByKevin PeacheyCost of living correspondentPublished4 hours agoThousands more parents could receive £27 a week by remembering some paperwork shortly after their baby is born. Child benefit is an allowance that helps with the cost of bringing up children. It is currently worth £27.05 a week for the first child, and £17.90 a week for each subsequent child. Official data shows that parents of nearly a third of children eligible for child benefit do not make a claim before their baby's first birthday. Payments can only be backdated for three months, meaning some families could be missing out on hundreds of pounds in the fog of new parenthood. The annual publication of the most popular baby names could serve as a reminder to some parents that there are other pieces of official paperwork to complete. In order to receive child benefit, which is paid every four weeks, one parent should make a claim, external. That parent will also get National Insurance credits towards their state pension. Child Benefit can be claimed 48 hours after the baby's birth is registered but can only be backdated for up to three months from the date HM Revenue and Customs (HMRC) receives the claim. More than 6.8 million parents received child benefit in the year to August 2025, according to HMRC data, external. But only 69% of them claimed the support before their baby's first birthday, meaning thousands of families may not getting what they are entitled to receive. The tax authority said that many of them may have chosen not to claim, owing to restrictions on high-earning parents receiving the benefit. Under the High Income Child Benefit Charge, external, payments start to reduce if one parent earns £60,000 a year. They stop entirely when one of you earns £80,000. There were 585,396 babies were born in England and Wales last year, according to the Office for National Statistics - which has said that, in 2025, Olivia held the top spot for the 10th year in a row for girls' baby names and Muhammad topped the list for boys' names for the third year running.

Are you a parent missing out on £27 a week? Here's how to check
Europe
BBC Business

My fitness tracker knew I was pregnant before I did

ByAshitha NageshPublished4 hours agoRavika was celebrating her birthday on holiday with her husband when she got an unusual alert from her fitness tracker. Her Oura ring flagged that her health score was poor. Her heart rate had gone up, her body temperature was elevated and her heart rate variability (HRV) had dropped. Yet Ravika felt completely fine. When the stats hadn't improved a week later, the 34-year-old solicitor from the West Midlands did some research online and found a community of women who all said their fitness trackers had been giving them signs they were pregnant, based on the data the trackers had collected. It was another week before Ravika had a positive pregnancy test. But following some cramping and a notification on her phone telling her that her body appeared to be under significant strain, she went to the doctor and was told she'd need to return 10 days later for further testing to find out if the pregnancy was healthy. The wait was agonising - and led to her anxiously checking her fitness tracker stats, waking up at 4am every night "just to refresh my app to see if my stats were still low, if my temperature was still elevated. I was holding on to hope that it was a viable pregnancy". The stats, she said, became an "obsession" - but "for me it really did feel like a life or death situation". For many women, the first sign that they might be pregnant is a period that doesn't arrive when expected. This is around the same time it's possible to take a pregnancy test. With the exception of some tests that claim to be able to detect a pregnancy early, most aren't able to spot the change in hormones until the first day of a missed period. But Ravika is one of hundreds of women who are reporting online that they are seeing the signs earlier than this, through the data on their fitness trackers. Fitness trackers - including smart rings, smart watches and chest-mounted trackers - have surged in popularity in the UK. According to YouGov research, 36% of British adults in January 2026 owned and used a fitness tracker - nearly twice the proportion in July 2019. Finnish-US company Oura has the highest sales in the smart ring market, which also includes India-based Ultrahuman, and Hong Kong-based RingConn. One of the key signs of pregnancy is a change to body temperature - which means trackers that can monitor body temperature are popular with those trying to conceive. In a typical cycle, a woman's body temperature will be elevated until just before her period comes, when it drops sharply. In early pregnancy, body temperature usually stays high. If a fitness tracker measures body temperature, it can pick up on this early symptom.

My fitness tracker knew I was pregnant before I did
Europe
BBC Business

Trump Media to sell early access to key social posts

Trump Media & Technology Group, which owns Truth Social, is launching a paid service to give Wall Street firms high-speed access to its most influential posts. Launching on 1 August, instant updates will be delivered from key accounts, it said. US President Donald Trump currently has the most followers on the platform. The company behind the app hopes it will create a steady new source of money for the firm which is currently loss-making. It is likely to be aimed at financial traders who want to see market-moving news fast. Trump’s social media posts often cause sudden swings in global markets, especially when he writes about trade and tariffs. For firms, a delay of even seconds can be costly. Until now, banks and traders had to monitor the app manually. The new system will send posts directly to paying clients. "Markets already move on Truth Social posts", said Kevin McGurn, the interim boss of Trump Media, adding that the service will create a steady profit. The new commercial data feed, named Truth API, promises to deliver posts to paying institutional clients in "milliseconds". The company, which launched its social media app in 2022, said some firms have been copying its data for months without permission. McGurn warned that Trump Media will soon block these methods, forcing firms to buy the official feed instead. Trump could benefit substantially from the move. Since his family remains the majority shareholder in the company, the president stands to profit directly from selling expedited access to his own public statements. The BBC has contacted Trump Media and the White House for comment on whether or not the president's posts will be included in the paid feed. While other social media networks already sell data, the move highlights the unique overlap between Trump’s private businesses and his public role as president.

Trump Media to sell early access to key social posts
North America
CNBC Finance

Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion

Sen. Elizabeth Warren, D-Mass., said Thursday that the Trump administration's overhaul of the Consumer Financial Protection Bureau has cost Americans up to $26.5 billion so far, the latest Democratic critique of sweeping changes made to the agency. In a report shared first with CNBC, Warren said most of that figure comes from moves the CFPB has taken under acting director Russell Vought to roll back rules capping credit card and overdraft fees. The report comes as Vought faces a Senate oversight hearing Thursday on those and other actions, including dismissing enforcement actions and consent orders and an allegation that the agency recently removed 15 years of consumer data from the CFPB website. Since taking office last year, the Trump administration has slashed staffing, dropped or narrowed dozens of enforcement cases, and rolled back Biden-era rules to refocus the agency on what officials call its core mission. Republicans have defended the moves as necessary to rein in what they view as an overreaching regulator. Democrats led by Warren — who conceived and helped set up the agency after the 2008 financial crisis — have argued that the Trump administration has crippled a key consumer financial watchdog and exposed Americans to unfair or deceptive industry practices. The clash comes as the Senate weighs the nomination of Brian Johnson, a former CFPB deputy director turned Capital One executive, whom President Donald Trump tapped to lead the agency permanently. Warren's report attributes up to $15 billion in consumer costs to the CFPB's decision to abandon a rule capping most credit-card late fees at $8, a regulation the agency previously estimated would save consumers roughly $10 billion annually. It attributes another $7.5 billion to the repeal of the CFPB's overdraft fee rule, which would have limited many banks to charging $5 for overdrafts. The remainder of the estimate comes from the CFPB's decision to drop more than three dozen enforcement actions and settlements, some of which were set to send payments directly to consumers. That totaled roughly $4 billion, according to the report. Ahead of Thursday's hearing, Warren also sent Vought a letter cataloging what she described as unanswered congressional oversight requests during his tenure running the bureau. Get this delivered to your inbox, and more info about our products and services. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion
Asia
The Hindu BusinessLine

Q1 Results Today Live: UltraTech, IOB, KVB, Shyam Metalics, Sobha, JP Power, Bluestone to announce Q1 results, RIL & ICICI Bank gain after Q1, HDFC Bank, Kotak Mahindra, Axis Bank shares fall

businessman investment consultant analyzing company financial report balance sheet statement working with digital graphs. Concept picture for stock market, office, tax,and project. 3D illustration. istock photo for BL | Photo Credit: iStockphoto Reliance Industries stock rose 1% to Rs 1342 on the NSE. Its profit fell 22.4 per cent y-o-y to ₹20,946 crore Sensex depreciated 511.02 pts or 0.65% to 77,640.43 at 9.16 am after flat opening at 78,151.45; Nifty 50 fell 111.30 pts or 0.46% to 24,223. HDFC Bank's Q1 profit rises 5%, with CEO signaling growth acceleration and strategic focus on liquidity and deposit mobilization. Reliance Industries reports Q1 revenue growth of 25% to ₹3.11 lakh crore, driven by O2C recovery and Jio expansion. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Q1 Results Today Live: UltraTech, IOB, KVB, Shyam Metalics, Sobha, JP Power, Bluestone to announce Q1 results, RIL & ICICI Bank gain after Q1, HDFC Bank, Kotak Mahindra, Axis Bank shares fall