Top Financial Headlines: Airbus Inspections, Blackstone's Major Deal, Volkswagen Factory Closures

Cathay Pacific initiates inspections on Airbus A350 fleet following engine issues. Blackstone acquires European warehouses in a €1bn deal. Volkswagen may shut German factories amid industry crisis. Brookfield puts London's Citypoint tower up for sale. France's Flamanville reactor prepares to start after long delays.

Cathay Pacific has announced that it will inspect its entire Airbus A350 fleet after encountering an engine component failure in one of its long-haul aircraft. The measure is labeled as a precautionary step to ensure fleet safety.

Blackstone has agreed on a €1 billion deal to acquire multiple European warehouse assets, reinforcing its strong position in the logistics sector. This transaction marks one of the largest property deals in Europe for the year.

Volkswagen is contemplating shutting down factories in Germany, which would mark the first closures in its 87-year history. CEO Oliver Blume highlighted the severe challenges facing the European automotive industry.

Brookfield has listed London's Citypoint tower for sale, testing the waters of the UK office market, which has seen a significant downturn over the past two years.

France is on the brink of launching its long-awaited Flamanville nuclear reactor. The reactor comes online 12 years late but signals a potential resurgence in nuclear energy projects with more planned new plants.

(With inputs from agencies.)