By Jamie Freed SYDNEY (Reuters) – New budget Australian airline Bonza said on Wednesday it planned to operate up to eight Boeing Co 737 MAX jets in its first year of operations as part of an aircraft leasing deal with its parent, U.S. private investment firm 777 Partners. The fleet growth will be dependent on …
Australian budget airline Bonza to lease up to 8 737 MAX jets in first year Read More »
OSLO (Reuters) – Norwegian conglomerate Aker ASA has hired Yngve Slyngstad, the former head of Norway’s sovereign wealth fund, to lead its asset management unit, focusing on renewable energy projects, the company said on Tuesday. “Slyngstad will be responsible for building and developing active asset management to become a new business area in Aker, on …
Norway’s Aker picks former sovereign wealth fund chief to lead investments Read More »
By Stephen Nellis (Reuters) – A German supplier of chemicals and materials used in making semiconductors said on Tuesday that it is investing $1 billion in its U.S. operations and forming a joint venture with data analytics firm Palantir Technologies to solve chip industry supply chain problems. Merck KGaA of Darmstadt, Germany – which uses …
By Steven Scheer JERUSALEM (Reuters) – Alphabet Inc’s Google Pay launched in Israel on Tuesday, with Israel’s major banks and credit card companies saying they had signed agreements with Google to offer the new payment service. The service will allow Android mobile phone users to pay for products in stores that allow contactless payments. Some …
Israel’s digital wallets to expand as Google Pay launches Read More »
AMSTERDAM (Reuters) – Shares in ride-sharing and food delivery companies rebounded on Tuesday, ahead of an European Commission proposal expected Dec. 9 that will define when couriers should be considered employees and when they should be considered independent contractors. The Financial Times on Tuesday reported that the proposal, under development for years, will as expected …
Food delivery shares rise ahead of EU draft rules on gig workers Read More »
MOSCOW (Reuters) -Russia fined Alphabet’s Google 9 million roubles ($121,000), a Moscow court said on Tuesday, in the latest in a string of penalties against the technology giant for failing to delete content the government deems illegal. Moscow has increased pressure on foreign tech companies this year in a campaign that critics characterise as an …
Russia fines Google over content, bigger penalty looms Read More »
By Stephen Nellis and Jahnavi Nidumolu (Reuters) – Intel Corp said on Monday it plans to take self-driving-car unit Mobileye public in the United States in mid-2022, a deal which could value the Israeli unit at more than $50 billion, a person familiar with the matter told Reuters. Chip giant Intel, the largest employer of …
Intel plans to take self-driving car unit Mobileye public Read More »
By Marc Jones and Ross Kerber LONDON/BOSTON (Reuters) – Just three months after narrowly avoiding collapse, the world’s most indebted developer China Evergrande Group is teetering on the brink again and investors are still unclear how much or for how long the problems could reverberate. With over $300 billion of liabilities and more than 1,300 …
Analysis-China Evergrande teeters again, but investors less fearful Read More »
A look at the day ahead from Saikat Chatterjee. That broadly seems to be the tone in global markets on Tuesday as investors ramped up bets that the new Omicron variant may not prove to be as deadly as previously feared. World stocks are on track for their biggest daily rise in nearly two months, …
SYDNEY (Reuters) -Air New Zealand Ltd has the potential to grow its domestic business by 20%-30% from pre-pandemic levels over the next few years, its chief executive said on Tuesday. “We’ve got a terrific domestic business here in Air New Zealand and we see an opportunity to grow that more,” Air New Zealand Chief Executive …
Air New Zealand could grow domestic business by 20%-30% -CEO Read More »
