KUWAIT (Reuters) – Kuwait Airways has signed a $6 billion deal with Airbus, which includes the purchase of 31 new planes, Sky News Arabia said on Monday. Kuwait Airways has already paid for 40% of the deal’s value, Sky News Arabia added. (Reporting by Lina Najem; editing by Jason Neely)
BRUSSELS (AP) — The European Union is ready to limit financial assistance and possibly impose sanctions in Bosnia to help prevent the possible breakup up of the ethnically divided Balkan country as the peace agreement brokered over 25 years ago unravels, the EU’s top diplomat vowed Monday. “There is no place in Europe for a…
NEW DELHI (Reuters) – State-run Life Insurance Corp. Of India (LIC), which is planning the country’s largest IPO next month, is well capitalised, the company’s chairman M.R Kumar said on Monday. Kumar said LIC’s potential investors should not worry about government control post the IPO as decisions in the country’s largest insurance company are taken…
By Noah Browning LONDON (Reuters) – Oil prices rose slightly on Monday as fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from supply concerns that have kept oil prices near $100 a barrel. Brent crude futures rose 25 cents, or 0.3%, to $93.79 a barrel at 1000 GMT. U.S. West Texas Intermediate…
BEIJING (Reuters) – China has placed U.S. companies Lockheed Martin Corp and Raytheon Technologies Corp under sanctions over U.S. arms sales to Taiwan. The sanctions are countermeasures against the two companies over a $100 million Feb. 7 arms sale that “undermined China’s security interests, seriously undermined China-U.S. relations and peace and stability in the Taiwan…
ZURICH (Reuters) – Swiss banking supervisor FINMA is in contact with Credit Suisse over media reports by a network of investigative journalists detailing client data leaks, the watchdog said on Monday. “We are aware of the articles,” a spokesperson said by email in response to an inquiry, citing its practice not to comment on individual…
By Sonali Paul and Florence Tan MELBOURNE (Reuters) -Oil prices fell on Monday, reversing course from strong initial gains, as news of fresh diplomatic efforts to resolve the Ukraine crisis provided some relief from concerns about crude supply. Brent crude futures and U.S. West Texas Intermediate (WTI) crude rose more than $1 a barrel at…
(Reuters) – French car parts group Faurecia, which sealed its takeover of Germany’s Hella in early February, on Monday forecast a rise in annual sales, as it expects semiconductor shortages to ease from the second half of 2022. Faurecia now sees full-year sales of 17.5 billion to 18 billion euros ($19.89 billion to $20.45 billion),…
By Kenneth Li, Julia Love and Helen Coster (Reuters) – Donald Trump’s new social media venture, Truth Social, launched late on Sunday in Apple’s App Store, potentially marking the former president’s return to social media after he was banned from several platforms last year. The app was available to download shortly before midnight ET and…
By Sonali Paul and Shashwat Awasthi MELBOURNE (Reuters) -Australia’s top power producer AGL Energy Ltd on Monday rejected an unsolicited $3.54 billion takeover overture from tech billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, sticking to its own spin-off tune. The surprise bid comes as AGL seeks to split itself in two – a retail…
