Shell slows investments in offshore wind, splits power business
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business under CEO Wael…
Nippon Steel committed to U.S. Steel takeover, aims to close in Dec, says executive
Japan's Nippon Steel is committed to its $15 billion acquisition of U.S. Steel and is confident of completing it by year-end, a senior executive said,…
DHL integrates the groundbreaking GEN3 Evo race car into its Formula E logistics
DHL, the official founding and logistics partner of Formula E, is enabling the delivery of the 11th season of the ABB FIA Formula E World…
TotalEnergies to buy German renewables developer VSB for $1.65 billion
French oil major TotalEnergies has agreed to purchase German renewable developer VSB Group for 1.57 billion euros ($1.65 billion) from Swiss asset manager Partners Group,…
MSC ACC scope: Export USA
New MSC surcharge Alameda Corridor Fees (ACC) – for all rail and rail modal moves over Los Angeles-Long Beach.
Cargill begins job cuts in drive to reduce headcount by 5%
Global commodities trader Cargill began laying off employees across its vast operations on Tuesday in a drive to slash headcount by 5%, sending U.S. workers…
Senator blast airlines at oversight hearing over rising fees
Senators on Wednesday harshly criticized rising airline fees for luggage and seat assignments, saying carriers are looking for new ways to extract more money from…
Oil slightly down ahead of OPEC+ decision
Oil futures slipped on Wednesday as traders awaited an imminent OPEC+ decision on supply, while a larger-than-expected draw in U.S. crude stockpiles last week lent…
Airbus to cut 2,043 jobs in Defence and Space, sources say
Airbus is cutting 2,043 jobs in its Defence & Space businesses, or 6% of the divisional workforce, drawing back slightly from an earlier target of…
GM to take more than $5 billion in charges on China operations
General Motors told shareholders on Wednesday that it would record two non-cash charges totaling more than $5 billion on its joint venture in China, one…
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