Germany to Test Companies’ Abilities to Cope With Gas Emergency
Germany’s energy regulator will practice a large-scale emergency exercise with companies this September, testing their preparedness should gas supplies decrease.
Bloomberg Business
US-China Rift Eases After Blinken Trip, But Frictions Remain
The US and China agreed to boost dialog but tensions lingered after Secretary of State Antony Blinken became the highest-level American official to visit Beijing in five years, as the world’s largest economies seek to put frayed ties on more stable footing.
Odey’s Only Female Money Manager Posts Gain But It’s Not Enough to Keep Clients
Sophia Whitbread, the only female portfolio manager at what used to be Crispin Odey’s investment empire, has been the best performer among her peers in the firm since a crisis engulfed the company earlier this month. But that hasn’t been enough to retain clients.
IndiGo Bets Big on Indian Travel Boom With Record Airbus Deal
IndiGo placed a record-breaking order with Airbus SE for 500 narrowbody aircraft, making a bold bet well into the next decade on an undiminished travel boom in the world’s most populous country.
Poland’s Ruling Party Reshuffles Campaign Team to Gain Traction
Poland’s ruling party shook up its campaign team in a bid to regain traction four months ahead of an election as it struggles to build a decisive lead over the opposition.
Renault Sees Nissan Executive Exit Speeding Up Alliance Deal
Renault SA executives are optimistic that one of their counterparts leaving Nissan Motor Co. is likely to speed up efforts to rebalance their decades-long alliance, according to people familiar with the matter.
DP World in Talks to Expand East African Coverage to Tanzania
Container terminal giant DP World Ltd. is in talks with Tanzania to manage seven berths at the East African nation’s main port of Dar es Salaam.
Heat Waves Kill Nearly 100 People in North and East India
Nearly 100 people in two of India’s most populous states have died since late last week as a result of higher-than-usual temperatures, the Associated Press reported, citing officials.
Last Oil Tanker Waiting to Load Kurdish Crude Sails Empty Amid Iraq-Turkey Spat
A last tanker that had been waiting in the Mediterranean Sea for nearly three months to load Kurdish crude has sailed away without a cargo amid a payment dispute between Iraq and Turkey.
Germany, Intel Agree €10 Billion Subsidy Package for Chip Plant
Germany and Intel Corp. sealed an agreement for the US company to receive an enlarged subsidy package worth about €10 billion ($10.9 billion) for a semiconductor facility in the former communist east, according to people familiar with the deal.
