(Reuters) -British Prime Minister Rishi Sunak is poised to announce a major natural gas deal with the United States after the COP27 climate change summit, the Telegraph newspaper reported on Monday. Britain hopes the United States will promise about 10 billion cubic metres of liquefied natural gas (LNG) over the coming year, the report said,…
(Reuters) -Lordstown Motors Corp has agreed a deal under which a Foxconn affiliate will invest up to $170 million in the electric vehicle (EV) maker, making the Taiwanese contract manufacturer its biggest shareholder with a near 20% stake. Foxconn Ventures Pte Ltd will purchase 12.9 million shares on or after Nov. 22 and an additional…
By David Shepardson (Reuters) -German auto supplier Bosch has agreed pay $25 million to resolve California’s probe into the company’s role in the diesel emissions scandals at Volkswagen and Fiat Chrysler, the company and state said Monday. The settlement, which is subject to court approval, resolves allegations Bosch participated in misconduct by providing hardware, software,…
(Reuters) – British Prime Minister Rishi Sunak is poised to announce a major gas deal with the U.S. after the COP27 climate change summit, The Telegraph reported on Monday. Talks about the “energy security partnership” are in their final stages, with the U.S. planning to sell billions of cubic metres of liquefied natural gas to…
By Norihiko Shirouzu, Maki Shiraki and David Dolan BEIJING/TOKYO (Reuters) – Nissan Motor Co’s concerns about technology transfers have complicated its partner Renault’s plans to sell a large stake in its gasoline-engine business to China’s Geely, three people familiar with the talks said. Renault is pursuing a complex two-pronged restructuring. On one hand, it is…
By Jamie Freed and Rajesh Kumar Singh SYDNEY/CHICAGO (Reuters) -Airlines around the world are ripping up schedules and bringing in new flights to cope with a COVID-triggered trend in corporate travel for executives like Jerome Harris – the scrapping of one-day business trips in favour of longer stays. For Sydney-based Harris, exhausting one-day treks to…
ATHENS (Reuters) -Exxon Mobil will start conducting seismic surveys in two blocks southwest of Greece’s Peloponnese peninsula and the island of Crete in the coming days, Prime Minister Kyriakos Mitsotakis said on Monday. Greece, an entry point for natural gas in the eastern Mediterranean, aspires to become a gas producer and a hub for the…
PRISTINA, Kosovo (AP) — Kosovo on Monday accused neighboring Serbia of trying to destabilize the country by pressuring members of the ethnic Serb community to resign from their posts for not accepting Pristina’s decision to change illegal vehicle license plates. Prime Minister Albin Kurti said Serbia’s president, Aleksandar Vucic, has been in close coordination with…
NAIROBI, Kenya (AP) — Pilots working for Kenya’s national airline have been on strike for three days over a demand to honor a retirement savings plan, and it is estimated to be costing millions of dollars in losses daily. Kenya Airways said it canceled 56 flights over the weekend, affecting 12,000 passengers. The airline puts…
By Divya Rajagopal TORONTO (Reuters) -Canada’s competition tribunal chief on Monday said it would be difficult for the tribunal to reach a decision on Rogers Communications’ C$20 billion ($14.8 billion) acquisition of Shaw Communications within the December timeframe the companies requested. Rogers’ proposed deal has been blocked by Canada’s antitrust bureau on grounds that it…
