Insurers will only be willing to cover ships sailing through a proposed corridor to get Ukrainian grain out if there are arrangements for international navy escorts and a clear strategy…
Category: Business
Rolls-Royce says CEO did not suggest Raytheon aimed to spin off P&W
Rolls-Royce (RR.L) on Wednesday said its chief executive had not speculated that Raytheon Technologies (RTX.N) might spin off rival engine maker Pratt & Whitney (P&W), rejecting a report published by…
Electrified cars market share grows in Europe as total sales fall
The share of battery-electric cars among new registrations in Europe grew to 9.9% in April to June from 7.5% a year prior, data showed on Wednesday, as fossil-fuel powered cars…
Toshiba selects Bain, CVC, Brookfield, Japan funds for second round
Japan's Toshiba Corp (6502.T) has selected four bidders including private equity firms Bain Capital, CVC Capital Partners and Brookfield Asset Management (BAMa.TO) to proceed to a second bidding round, people…
Credit Suisse signs Mexico alliance agreement with Actinver
Credit Suisse (CSGN.S) has signed an alliance agreement with Corporacion Actinver (ACTINVRB.MX) to develop their wealth management businesses in Mexico, the Swiss bank said on Wednesday. Under the arrangement Credit…
Volkswagen to develop new semiconductor with STMicro amid chip crunch
Germany's Volkswagen (VOWG_p.DE) and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry's supply chain, the companies said on Wednesday.…
Azerbaijan Airlines signs MoU for four more Boeing 787 jets
Azerbaijan Airlines has signed a memorandum of understanding (MoU) at the Farnborough Airshow to acquire four more Boeing 787-8 Dreamliner jets, its president Jahangir Askerov said on Wednesday. Askerov said…