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Mastercard launches global plan to recycle credit cards
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Abu Dhabi’s ADNOC in almost $11 billion approach for Covestro -sources
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UK fines WH Smith, M&S and others for not paying minimum wage
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Italy’s Brembo to move to Amsterdam to increase M&A options
Nasdaq to transfer European power business to EEX bourse
Date: June 21, 2023
Nasdaq to transfer European power business to EEX bourse By Vera Eckert and Nora Buli FRANKFURT/OSLO (Reuters) -Nasdaq will transfer its European power trading and clearing business to the European Energy Exchange (EEX), the U.S. exchange operator and EEX announced on Tuesday. Nasdaq will transfer existing open positions in its Nordic, French and German power...
Abu Dhabi-based ADQ’s talks to take Lazard private fall apart- FT
Date: June 20, 2023
Abu Dhabi-based ADQ’s talks to take Lazard private fall apart- FT (Reuters) – Abu Dhabi’s sovereign wealth fund ADQ held talks with investment bank Lazard Ltd to take it private earlier this year, but the discussions fell apart, with both sides walking away from a deal, the Financial Times reported on Tuesday. The meetings were...
Factbox-Hyundai’s plans for EVs, restructuring in China
Date: June 20, 2023
Factbox-Hyundai’s plans for EVs, restructuring in China (Reuters) – Hyundai Motor, the No. 3 global automaker by sales with its affiliate Kia Corp, outlined plans on Tuesday for a deepened push into battery development, steps to cut the cost of new electric vehicles and a restructuring of its China operations. Here are some of the...
MTU and Safran to create JV on military helicopter developments
Date: June 20, 2023
MTU and Safran to create JV on military helicopter developments (Reuters) – German MTU Aero Engines and French Safran have signed a memorandum of understanding to create a joint-venture on developing a new engine for the European Next Generation Rotorcraft Technologies project, both firms said on Tuesday. The 50/50 joint venture, signed during the Paris...
Britain backs greener air travel with $280 million funding package
Date: June 20, 2023
Britain backs greener air travel with $280 million funding package LONDON (Reuters) – Britain has announced 218 million pounds ($279 million) to help fund research into greener air travel, its minister for industry and economic security Nusrat Ghani will announce at the Paris Airshow on Tuesday. The financial package is being provided jointly by government...
Singapore tops list of costliest cities for goods, services aimed at the wealthy
Date: June 20, 2023
Singapore tops list of costliest cities for goods, services aimed at the wealthy SINGAPORE (Reuters) – Singapore for the first time became the most expensive city for goods and services for wealthy people, overtaking Hong Kong, London and New York, according to a report on Tuesday. Cars and essential health insurance in Singapore are 133%...