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UK consumer morale touches 17-month high despite inflation pain – GfK
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Investors increase bets on UK recession as rate hikes bite
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Exclusive-India’s BPCL in talks with Rosneft to buy oil priced on Dubai benchmark -sources
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Lithium producers warn global supplies may not meet electric vehicle demand
Saudi’s SAMI signs pact with Safran Helicopter Engines for engine maintenance
Date: June 23, 2023
Saudi’s SAMI signs pact with Safran Helicopter Engines for engine maintenance (Reuters) – State-owned Saudi Arabian Military Industries(SAMI) signed an agreement with France’s Safran Helicopter Engines for engine maintenance and repair, the Saudi state news agency said late on Thursday. The agreement includes “technical assistance and qualification, development of technical infrastructure, and technical training for...
Microsoft says new computing service for chemicals can slash R&D time
Date: June 23, 2023
Microsoft says new computing service for chemicals can slash R&D time By Stephen Nellis Microsoft Corp on Wednesday introduced a new computing service aimed at helping chemical companies speed up the research and development of new materials. Azure Quantum Elements, as the service is called, relies on computing power to help chemical companies simulate huge...
Aegon bets on Transamerica to boost cash flow and dividend in 2025
Date: June 22, 2023
Aegon bets on Transamerica to boost cash flow and dividend in 2025 (Reuters) -Transamerica owner Aegon on Thursday forecast a higher free cash flow and dividend in 2025, flagging untapped potential in the U.S and stepping up its strategy to invest in higher-return assets. The Dutch-listed insurer said it sees free cash flow of about...
Britain says insurer capital rule changes to start by end of 2023
Date: June 22, 2023
Britain says insurer capital rule changes to start by end of 2023 By Huw Jones LONDON (Reuters) -Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to ‘Solvency II’ capital rules for insurers, which it hopes will unlock billions of pounds to boost growth, will be implemented by the end of...
Analysis-For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt
Date: June 22, 2023
Analysis-For EV batteries, lithium iron phosphate narrows the gap with nickel, cobalt By Paul Lienert DETROIT (Reuters) – As the auto industry scrambles to produce more affordable electric vehicles, whose most expensive components are the batteries, lithium iron phosphate is gaining traction as the EV battery material of choice. The popularity of the chemical compound...
Swiss National Bank calls for new measures after Credit Suisse crash
Date: June 22, 2023
Swiss National Bank calls for new measures after Credit Suisse crash By Noele Illien ZURICH (Reuters) -The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the Credit Suisse crisis that led to the bank’s downfall and forced rescue by rival UBS and consider measures that would prevent such events...