Shell has agreed to sell almost 400 of its petrol outlets in Russia to Lukoil, the country’s second largest oil company. Shell Neft, the company’s Russian business, will be sold for an unknown amount. Following Russia’s invasion of Ukraine, many… Read More ›
Analysts have warned that the possibility of a recession has increased after the UK economy fell in March, just as the country was recovering from the pandemic. Higher prices are “starting to bite,” according to the UK statistics authority, with… Read More ›
On Thursday Barclays said, it has appointed Hossein Zaimi as its head of markets for Asia Pacific; he will be joining the bank after a long career at HSBC. Zaimi will continue to be based in Hong Kong and report to… Read More ›
Chinese developer Sunac China has missed the deadline for a coupon payments on a $742 million offshore bond and said, it doesn’t expect to make payments coming due on other bonds as well. The development adds to the wave of defaults… Read More ›
Late on Wednesday, Grocery delivery app Instacart Inc said, it has confidentially filed for an initial public offering (IPO) with the SEC. San Francisco-based Instacart has not specified the size of its IPO, nor has it mentioned the price range… Read More ›
As per a report from ANSA news agency, pro-Russian hackers have attacked websites of several Italian institutions, including the senate. A hacker group called “Killnet” has claimed responsibility for attacking Italy’s National Health Institute (ISS) as well as the Automobile… Read More ›
Finland’s President Sauli Niinisto is expected to give a go-ahead to Helsinki joining the NATO military alliance, marking a major shift in security policy. Finland, which shares a 810 mile (1,300 km) border with Russia, has gradually stepped up its… Read More ›
According to reports quoting trade sources, India exported a record 1.4 million tonnes of wheat in April, bringing some relief to grain markets as buyers hunt for alternatives to Black Sea supply hit hard by the Ukraine conflict. The first month… Read More ›
Malaysia’s commodities ministry has proposed halving the export tariff on palm oil to help alleviate a worldwide edible oil shortfall and boost the country’s market dominance. In an interview with Reuters on Tuesday, Plantation Industries and Commodities Minister Zuraida Kamaruddin… Read More ›
In a statement the US Federal Aviation Administration (FAA) said, it had “shifted course on its approach to approving pilots of future electric vertical takeoff and landing aircraft (eVTOL)”, but does not expect delays in certification or operational approvals. eVTOL… Read More ›
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