Article content MADRID — Norway’s sovereign fund will oppose Ferrovial’s plan to relocate to the Netherlands at the Spanish engineering company’s shareholders’ meeting this week, after the Spanish government criticized the proposal put forward by the board. The $1.4 trillion fund, which holds a 1.49% stake in Ferrovial, said on its website it would vote […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Lawrence Delevingne Published Apr 09, 2023 • 5 minute read Join the conversation Article content As First Republic Bank’s share price fell by double-digits in the aftermath of the collapse of Silicon Valley Bank last month, some people close to the San Francisco-based lender were […]
Breadcrumb Trail Links PMN Business Tesla Inc. will build a new battery factory in Shanghai, increasing investment in China at a time of brewing tensions between Beijing and Washington. Author of the article: Bloomberg News Vlad Savov and Chunying Zhang Published Apr 09, 2023 • Last updated 14 minutes ago • 2 minute read Join the […]
Breadcrumb Trail Links PMN Business Article content SHANGHAI — Tesla Inc will build a factory in Shanghai to make the Megapack energy storage product, Chinese state media outlet Xinhua reported on Sunday. Elon Musk’s automaker will break ground on the plant in the third quarter and start production in the second quarter of 2024, Xinhua […]
Breadcrumb Trail Links PMN Business Ukraine has laid thousands of anti-tank mines near its northern border with Belarus and Russia to fortify defensive lines and positions, Ukraine’s defense ministry said, citing a top commander. Two civilians were killed in an overnight Russian strike on Zaporizhzhia in Ukraine’s southeast. Author of the article: Bloomberg News Bloomberg […]
Article content PINGTAN — As China sends warships and fighter jets to the Taiwan Strait after a U.S. visit by Taiwan President Tsai Ing-wen, deemed a separatist by Beijing, fishing crews plying the narrow waterway say they fret more about their livelihood than politics. For years, Chinese fishermen trawling for fish, shrimp and crab have […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Joey Roulette and Kevin Krolicki Published Apr 08, 2023 • 5 minute read Join the conversation Article content As the fortunes of Richard Branson’s Virgin Orbit were crashing to Earth last month, a little-known investor called Matthew Brown appeared offering a $200 million […]
Breadcrumb Trail Links PMN Business Article content ZURICH — UBS’s multi-billion state-sponsored takeover of Credit Suisse should proceed smoothly without political obstructions, Swiss Finance Minister Karin Keller-Sutter said in an interview published on Saturday. The Swiss parliament is due to hold an extraordinary session next week to discuss the emergency merger engineered by the Swiss […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Layli Foroudi and David Gauthier-Villars and Timour Azhari Published Apr 08, 2023 • 2 minute read Join the conversation Article content Paris — French prosecutors said they have put a Lebanese banker under formal investigation, the latest move in a cross-border probe looking into whether […]
Breadcrumb Trail Links PMN Business Russia has formally charged detained Wall Street Journal correspondent Evan Gershkovich with espionage, an accusation the White House and the newspaper denied again on Saturday. Author of the article: Bloomberg News Bloomberg News Published Apr 08, 2023 • Last updated 56 minutes ago • 6 minute read Join the conversation c)a35ziugb]ynu6rke2x1k77_media_dl_1.png […]