By Joanna Plucinska and Tim Hepher LONDON/PARIS (Reuters) – Europe’s air safety regulator said on Thursday it would call for inspections of at least part of the Airbus A350 long-haul fleet after an engine part failed during the flight of a Cathay Pacific A350-1000 jetliner. The European Union Aviation Safety Agency (EASA) said it was …
Part of Airbus A350 fleet faces inspection, regulator says Read More »
By Alexandra Alper WASHINGTON (Reuters) – Nippon Steel’s proposed $14.9 billion takeover of U.S. Steel would create national security risks because it could hurt the supply of steel needed for critical transportation, infrastructure, construction and agriculture projects, the U.S. said in a letter sent to the companies and seen by Reuters. Decisions by Nippon could …
Exclusive-US worries about steel supply for infrastructure after Nippon-US steel deal Read More »
BERLIN (Reuters) – Wirecard ex-CEO Markus Braun and two other executives at the defunct German payments firm were ordered to pay 140 million euros ($155 million) in damages on Thursday over loans to an Asian business partner that were never repaid. A Munich court judge upheld claims by insolvency administrator Michael Jaffe that Braun and …
Wirecard ex-CEO Braun, two others ordered to pay 140 million euros in damages Read More »
By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler LONDON (Reuters) – OPEC+ has agreed to delay a planned oil output increase for October and November, the producers group said on Thursday after crude prices hit their lowest in nine months, adding that it could further pause or reverse the hikes if needed. Oil prices have …
OPEC+ agrees to delay October oil output hike for two months Read More »
By Tim Hepher PARIS (Reuters) -Airlines will likely be told there is no immediate need for global checks on the Airbus A350-1000, ending days of uncertainty after an engine emergency prompted Cathay Pacific to review its fleet, two people familiar with the matter said. Some carriers including Singapore Airlines and Japan Airlines had been conducting …
Airbus, Rolls to brief airlines as pressure for A350 checks eases, sources say Read More »
By Toby Sterling (Reuters) -The chief executive of Dutch computer chip equipment supplier ASML said on Wednesday a U.S.-led campaign to restrict the company’s exports to customers in China in the name of national security has become more “economically motivated” over time. Christophe Fouquet, speaking at a Citi conference in New York, said he expects …
ASML CEO says US desire to restrict exports to China ‘economically motivated’ Read More »
By Jeff Mason, David Shepardson and Alexandra Alper WASHINGTON (Reuters) -The White House is close to announcing President Joe Biden will block Nippon Steel’s acquisition of U.S. Steel citing national security concerns, two sources familiar with the situation said on Wednesday, amid growing bipartisan political opposition to the $14.9 billion deal. U.S. Steel had earlier …
Biden close to blocking Nippon Steel deal to buy U.S. Steel, sources say Read More »
By Scott Murdoch SYDNEY (Reuters) – Blackstone will buy Australian data centre group AirTrunk for an implied enterprise value of over A$24 billion ($16.10 billion), it said on Wednesday, in what would be Blackstone’s largest investment in the Asia Pacific region. The alternative asset manager, along with the Canada Pension Plan Investment Board (CPP Investments), …
Blackstone to buy Australia’s AirTrunk in $16 billion deal Read More »
By Toby Sterling AMSTERDAM (Reuters) – Europe’s main computer chip industry group ESIA called on the European Union on Monday to speed up aid, draw up a revamped “Chips Act 2.0” support package and name an envoy to champion the sector. In a statement, the group said chip policy under the incoming EU Commission should …
Semiconductor body calls for EU ‘Chips Envoy’, more support Read More »
SANTIAGO (Reuters) – Chile’s Supreme Court rejected Chinese firm Tianqi’s appeal to halt a lithium deal between SQM and state-run Codelco, local newspaper La Tercera reported on Wednesday. Tianqi has argued that the agreement should have been approved by SQM shareholders. CMF, Chile’s financial regulator, ruled that no such approval is required. The Chinese company, …
Chile’s top court rejects Tianqi appeal to halt SQM-Codelco deal, newspaper says Read More »
