As per a report by German weekly Welt am Sonntag, Berlin is weighing options to purchase a missile defence system from either the United States or Israel. The development comes in the wake of Russia launching Iskander missiles in Ukraine…. Read More ›
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Air France-KLM, and Delta Airlines express interest to purchase majority stake in ITA Airways
With the backing of an international fund, Air France-KLM, and Delta Airlines have expressed interest to purchase a majority stake in Alitalia’s successor ITA Airways, reported La Repubblica citing a government source. According to the report, the expression of interest was… Read More ›
Finland’s $9.4 billion F-35 deal will place F-35 close to Russia
According to US-based sources, Finland is set to sign a formal purchase agreement for F-35 fighter jets which could be announced by this weekend, bringing the fifth-generation stealth fighters closer to being deployed on Russia’s northern flank. In December 2021,… Read More ›
Germany likely to discuss US F-35 purchase during Chancellor Olaf Scholz’s visit to Washington next week
According to a German defense source, Germany is leaning towards the purchase of U.S. stealth fighter jets F-35 built by Lockheed Martin which will replace its ageing Tornado. It has yet to take a final decision on the purchase. According to… Read More ›
Moller-Maersk in advanced negotiations to acquire LF Logistics for $3 billion
According to sources familiar with the matter at hand, Denmark based A.P. Moller-Maersk is in an advanced stage of negotiations to acquire Hong Kong based LF Logistics for around $3 billion. An announcement for the potential deal could be made as… Read More ›
Russia showcases Sukhoi Su-75 Checkmate as cost effective alternative to US F-35 at Dubai Airshow
Even as the United Arab Emirates is set to purchase US F-35 fighter jets, Russia is showing off the prototype of its latest fifth-generation fighter plane at the Dubai Airshow. Unveiled in July, the showcasing of the Sukhoi Su-75 Checkmate… Read More ›
Argentina to purchase fighter jets worth $664M
In a statement Argentina’s Ministry of Defence said, it is looking to purchase multipurpose fighter jets for up to $664 million. According to a source with knowledge of the negotiations, fighter planes from the United States, Russia, China, Israel and… Read More ›
EIG Global Energy Partners led consortium acquires 49% stake in Aramco’s pipeline business for $12.4 billion
In a statement U.S.-based EIG Global Energy Partners said, a consortium led by it has closed a deal to acquire a 49% stake in Saudi oil giant Aramco’s pipelines business for $12.4 billion. The co-investment process for the deal attracted… Read More ›
Fox Corp sues Flutter Entertainment over dispute in sports betting firm FanDuel
In a statement Fox Corp said, it had filed a lawsuit against Flutter Entertainment for exercising its option to buy a 18.6% stake in U.S. sports betting firm FanDuel Group. According to a report from CNBC, while Fox wants to… Read More ›
Brazilian Health Ministry signs non-binding letter-of-intent to buy COVID-19 vaccines from 5 companies
In a statement, Brazil’s health ministry said, it will be signing a non-binding letters of intent to buy coronavirus vaccines from four companies as well as from Russia’s sovereign wealth fund; these purchases will be subject to the approval of… Read More ›