(Refiles to make clear in headline IMCO is a pensions manager) By Tommy Wilkes, Simon Jessop and Supantha Mukherjee LONDON (Reuters) – Canada’s Investment Management Corporation of Ontario (IMCO) has invested $400 million in battery producer Northvolt, which will help the Swedish company expand production of lithium-ion batteries ahead of a possible initial public offering….
MILAN (Reuters) – Carmaker Stellantis and iPhone assembler Foxconn have created a 50-50 joint venture to design and sell semiconductors for the automotive industry from 2026. The joint venture, called SiliconAuto, will supply Stellantis, including its new ‘STLA Brain’ electronic and software architecture, Foxconn and other customers, the two companies said in a statement. “SiliconAuto…
(Reuters) – Qantas and Airbus have finalised an incremental order for nine Airbus A220-300s aircraft, the companies said at the Le Bourget air show in Paris on Tuesday. Qantas had said it planned to order additional A220s in February this year. (Reporting by Pierre John Felcenloben in Gdansk; Editing by Milla Nissi)
By Andrew MacAskill and Muvija M LONDON (Reuters) -Britain’s parliament delivered another blow to the political career of former prime minister Boris Johnson on Monday when it endorsed a report that concluded that he deliberately lied over rule-breaking parties. Johnson abruptly resigned from parliament earlier this month after seeing an advance copy of the findings…
By Kate Holton OXFORD, England (Reuters) – For Ros Deegan, the thrill of raising $100 million to expand a biotech firm among the dreaming spires of Oxford was soon tempered: unable to find a bigger laboratory, she routinely had to work at home. Not far away in the rival academic centre of Cambridge, biochemist Catherine…
By Tom Balmforth NEAR KYIV, Ukraine (Reuters) – At a glance on a clear summer’s afternoon, the U.S.-made Avenger air defence system is barely visible in the shadow of trees at the end of a dirt track outside Kyiv. The short-range unit is an important part of a three-layered air defence network that Ukraine is…
By Leigh Thomas and Simon Jessop PARIS (Reuters) – French President Emmanuel Macron hosts a summit on Thursday and Friday to pin down a roadmap for easing the debt burdens of low-income countries while freeing up more funds for climate financing. The summit brings dozens of leaders together in the French capital to forge a…
(Reuters) – General Electric has stopped servicing gas turbines at thermal power plants in Russia, the Russian business daily Kommersant reported on Tuesday, citing sources in power generating companies. General Electric suspended its operations in Russia after Moscow invaded Ukraine, with the exception of providing essential medical equipment and supporting existing power services in the…
(Reuters) -Indian Prime Minister Narendra Modi has said that India’s stance on Russia in the Ukraine conflict has not faced widespread criticism in the United States. Asked in an interview with the Wall Street Journal about critical comments in the U.S. for not taking a more forceful stance against Russia’s invasion of Ukraine, Modi said:…
A look at the day ahead in European and global markets from Sonali Desai Disappointment has been the prevailing sentiment so far this week as investors grow impatient with the wait for more decisive Chinese stimulus measures. Events in Asia only added to the mood on Tuesday. China delivered the expected 10 basis-point reduction to…
