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Biden’s rust belt revival plan risks luring more foreign steel
U.S. steelmakers show no signs of adding blue-collar jobs, while manufacturers seek cheaper supplies from overseas.
Alitalia is running out of cash and Italy can’t help this time
Italy’s bankrupt airline Alitalia SpA is running out of cash just as negotiations with the European Union to create a new national carrier are at…
OPEC+ to choose between gradual output hikes or keeping cuts
The OPEC+ meeting on Thursday will discuss whether to resume a monthly schedule of modest and gradual production increases or maintain current output cuts, according…
Pakistan’s cabinet reverses decision to resume trade with India
Pakistan’s cabinet, the final authority on resuming trade with India, reversed a decision by a government economic committee on Wednesday to import cotton and sugar…
HSBC is said to work on possible IPO of Saudi Arabian cargo firm
Saudi Arabian Logistics Co., spun off after more than seven decades as the cargo arm of the kingdom’s flagship airline, is working with HSBC Holdings…
Coal India’s shipments sink to four-year low amid Covid crisis
Coal India Ltd.’s shipments touched a four-year low in the 12 months through March, after the pandemic crushed demand for the commodity.
Germany’s US Envoy urges temporary halt to Nord Stream link
Germany’s coordinator for transatlantic relations called for a temporary halt to the construction of the Nord Stream 2 gas link to Russia to give Chancellor…
Indonesia’s J&T Express weighing $1 billion-plus US IPO
J&T Express, an Indonesian courier company, is considering a U.S. initial public offering that could raise more than $1 billion, according to people familiar with…
Egypt may seek $1 billion in damages for Suez Canal crisis
Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week and roiled…
Ryanair set to start flying modified 737 Max after US signoff
Ryanair Holdings Plc is poised to begin flights with a new variant of the Boeing Co. 737 Max jet after U.S. regulators signed off on…