Engen to convert oldest South Africa refinery to import terminal
The Engen oil refinery in South Africa, the country’s oldest, will be converted into a into a terminal capable of importing cleaner fuels after suffering…
ZIM announces full early redemption of $349 million principal amount of Series 1 and 2 notes due 2023
ZIM Integrated Shipping Services Ltd., a global container liner shipping company, announced today that it intends to perform a mandatory excess cash redemption of 100%…
Volvo Group sees more risk from ‘unstable’ chip supply chain
Volvo Group said it may see further disruption from the semiconductor shortage that has forced the truckmaker to idle plants, potentially hobbling a recovery that’s…
American Air sees ‘continued recovery’ as flyers start to return
American Airlines Group Inc. reported a smaller-than-expected loss, bucking the pattern set by its two largest rivals, and predicted a “continued recovery” from an unprecedented…
Cracks emerge in US-led intelligence pact over China approach
A polite disagreement between Pacific Ocean neighbors on Thursday showed a fissure among U.S. allies over China, underscoring the difficulties Joe Biden faces in forging…
Southwest Air says it’s ‘hopeful’ cash burn will stop in June
Southwest Airlines Co. expects to stop burning cash by June and is adding summer flights almost to 2019 levels as increasing vaccination rates spur trips…
South Africa set to use J&J shots after resolving contract spat
South Africa plans to begin issuing Johnson & Johnson’s coronavirus vaccine to the general public next month after settling a contractual dispute with the U.S.…
China blasts Australia’s decision to cancel Belt and Road deal
China has slammed Australia’s decision to cancel agreements between the Belt and Road Initiative and the Victoria state government, signaling a worsening of ties between…
US weighs global vaccine-expansion move opposed by drugmakers
The Biden administration is weighing an appeal from progressive Democrats to accelerate global access to Covid-19 vaccines by supporting a waiver of intellectual-property protections, a…
Texas likely to add record utility-scale solar capacity in the next two years
Texas, already the U.S. state with the most wind energy capacity, is catching up to California in utility-scale solar capacity. California currently has the most…
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