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Business

Ship insurers seek more assurances on Ukraine grain corridor

By edysgateorg August 1, 2022July 26, 2022

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…

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Business

Rolls-Royce says CEO did not suggest Raytheon aimed to spin off P&W

By edysgateorg July 31, 2022July 26, 2022

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…

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Business

Electrified cars market share grows in Europe as total sales fall

By edysgateorg July 30, 2022July 26, 2022

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…

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Business

Toshiba selects Bain, CVC, Brookfield, Japan funds for second round

By edysgateorg July 29, 2022July 26, 2022

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…

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Business

Credit Suisse signs Mexico alliance agreement with Actinver

By edysgateorg July 28, 2022July 26, 2022

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…

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Business

Volkswagen to develop new semiconductor with STMicro amid chip crunch

By edysgateorg July 27, 2022July 26, 2022

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.…

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Business

Azerbaijan Airlines signs MoU for four more Boeing 787 jets

By edysgateorg July 26, 2022July 26, 2022

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…

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