Air Freight News
Private equity firms eyeing Toshiba buyout face nuclear dilemma
It’s the multibillion dollar conundrum facing private equity firms trying to snap up Toshiba Corp.: what to do about the troubled conglomerate’s sensitive nuclear power…
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Dutch dock workers refuse to unload tanker carrying Russia oil
Dutch dockworkers refused to unload a tanker carrying Russian diesel, as European states edge closer to penalizing Moscow’s energy exports in the wake of its…
India’s coal crisis may spur shift to clean energy, ReNew says
India’s power crisis is likely to accelerate adoption of renewables as shortages make coal-fired electricity more expensive, according to Sumant Sinha, chairman of the South…
U.S. Steel predicts ‘best-ever’ second quarter on growing demand
U.S. Steel Corp. is predicting its “best” second quarter on growing steel demand from automakers to construction firms.
Airbus engine-supply deals pave way for production ramp-up
Airbus SE secured an 18-month extension to key engine-supply contracts as it cranks up narrow-body plane production in a bid to consolidate its lead over…
Filling up with diesel in US has never been more expensive
Diesel prices are surging to the highest level on record as the global fuel-supply shortage hits American truckers, farmers and users in just about every…
Exxon, Chevron ramp up stock buybacks as energy prices surge
Exxon Mobil Corp. and Chevron Corp. pledged to ramp up shareholder returns as crude oil and natural gas prices surged to multi-year highs following Russia’s…
U.K. in talks with ex-Tesco boss about Morocco power imports
Xlinks, a power company co-founded by former Tesco Plc boss Dave Lewis, says it’s in talks with the British government over a project to import…
Russia to move away from US dollar amid sanctions, Xinhua says
Russia is seeking to move away from the U.S. dollar and rely less on imports while strengthening its independence in key technologies in response to…
South Korea’s exports to China drop amid fallout from lockdowns
South Korea’s exports to China dropped in April, highlighting the impact that Covid-related lockdowns in Chinese cities are having on supply chains around the region.