SAS shares jump as Apollo provides $700 million loan to airline
SAS AB shares jumped in Stockholm trading after the Scandinavian airline reached a key goal in its restructuring plan by obtaining a $700 million loan…
Russia’s crude shipments to Asia tumble to post-invasion low
Cargoes to China, India are down 20% from their post-invasion surge
Argentina asked crop exporters to bring $1 billion next week
Argentina’s government has asked the country’s crop export and processing companies to make sales equivalent to $1 billion over the next week as it seeks…
UK braces for travel chaos as transport workers kick off strikes
Train drivers in the UK kicked off a string of labor strikes across the country, advocating for higher wages and creating disruptions for travelers at…
Major Ukraine grower says Russia stole 200,000 tons of its crops
Ukrainian farm company HarvEast said Russia stole as much as 200,000 tons of crops from its farms in eastern occupied areas, as Kyiv urges buyers…
Apollo provides $700 million debtor-in-possession loan to SAS
Private equity firm Apollo Global Management has provided $700 million in financing to SAS AB as the Scandinavian airline tries to regain its financial health.
US Inflation Reduction Act: No respite on the horizon for energy industry costs, but Chinese policies could save the day
Contrary to its title, the US Inflation Reduction Act will usher in more energy service inflation in the next 18 months as the incentives offered…
As UK Economy Falters, Here’s Who Could be Chancellor
The next UK prime minister takes charge in September facing a brutal economic storm, heaping intense scrutiny on their pick for Chancellor of the Exchequer.
US to Limit Exports of Some Chip Tech to Cut ‘Nefarious’ Use
The US is imposing export controls on technologies that support the production of advanced semiconductors and turbines, protecting against their “nefarious” military and commercial use.
German Container Operator to Halt Operations on Parts of Rhine
Container company Contargo GmbH & Co. KG said it will largely discontinue its barge business on the middle and upper Rhine because low water levels…
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