First hydrogen train in Middle East to begin trials next week, Saudi energy minister says

First hydrogen train in Middle East to begin trials next week, Saudi energy minister says

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 2023. REUTERS/Ahmed Yosri/File Photo Acquire Licensing Rights RIYADH, Oct 8 (Reuters) – Saudi Arabia’s Minister for Energy Prince Abdulaziz bin Salman said on Sunday that the first hydrogen train in the Middle East … Read more

SPAC shell games will keep hiding the ball

SPAC shell games will keep hiding the ball

NEW YORK, Oct 5 (Reuters Breakingviews) – As blank-check deals go, it hardly could have been much worse than Better. The online mortgage lender led by Vishal Garg unveiled plans in May 2021 to go public at a nearly $8 billion valuation by way of a special-purpose acquisition company, exuberantly telling investors it expected to … Read more

United Airlines to announce order for 110 Airbus, Boeing jets – sources

United Airlines to announce order for 110 Airbus, Boeing jets – sources

A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. REUTERS/Joshua Roberts/File Photo Acquire Licensing Rights Oct 3 (Reuters) – United Airlines (UAL.O) is set to announce an order for 110 aircraft from Boeing (BA.N) and Airbus (AIR.PA) on Tuesday, a purchase that includes 50 widebody Boeing … Read more

ByteDance’s valuation slumps by a quarter in stock buyback – source

ByteDance’s valuation slumps by a quarter in stock buyback – source

The ByteDance logo is seen at the company’s office building in Shanghai, China July 4, 2023. REUTERS/Aly Song/File Photo Acquire Licensing Rights Oct 2 (Reuters) – China’s ByteDance is buying back shares from U.S. employees in a deal that values the TikTok parent company at $223.5 billion, about 26% lower than a valuation a year … Read more

China’s Hollysys to consider $1.55 bln takeover bid, seek other offers

China’s Hollysys to consider $1.55 bln takeover bid, seek other offers

Bid is latest after multiple offers to buy Hollysys Deutsche Bank to solicit additional potential offers Shares have gained 20.8% year-to-date Oct 2 (Reuters) – China’s Hollysys Automation Technologies , which makes automation and control systems, said on Monday it had set up a committee to consider a $1.55 billion takeover offer from a consortium … Read more

Air Canada pilots stage protests in Toronto as contract deadline looms

Air Canada pilots stage protests in Toronto as contract deadline looms

Air Canada planes are parked at Toronto Pearson Airport in Mississauga, Ontario, Canada April 28, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing Rights Sept 29 (Reuters) – Air Canada (AC.TO) pilots staged a protest at Toronto’s Pearson Airport on Friday, demanding better pay and benefits as talks over a new contract covering 4,500 pilots at Canada’s … Read more

AI startup AlphaSense valued at $2.5 bln after latest funding round

AI startup AlphaSense valued at $2.5 bln after latest funding round

Sept 28 (Reuters) – Market intelligence platform AlphaSense has raised $150 million in a fresh round of funding that boosted its valuation to $2.5 billion, underscoring strong demand for artificial intelligence (AI) startups. The series E financing round was led by technology investment firm BOND and joined by existing investors including Alphabet’s (GOOGL.O) CapitalG, Viking … Read more

Air France, motorway operators criticise French govt’s new tax plans

Air France, motorway operators criticise French govt’s new tax plans

Air France CEO Anne Rigail attends a pannel at the Women’s Forum for the Economy and Society in Paris, France, November 29, 2022. REUTERS/Christian Hartmann/file photo Acquire Licensing Rights PARIS, Sept 28 (Reuters) – Air France (AIRF.PA), airport group ADP (ADP.PA) and motorway operators criticised the French government’s plans to impose a new tax on … Read more

US government shutdown could add misery to air travel

US government shutdown could add misery to air travel

[1/2]Travelers wait in lines at LaGuardia Airport in New York City after hundreds of flights were grounded or delayed at New York-area airports as more air traffic controllers called in sick on Friday, in one of the most tangible signs yet of disruption from a 35-day partial shutdown of the U.S. Acquire Licensing Rights Read … Read more

Apple supplier Pegatron to halt ops at India plant for second day after fire

Apple supplier Pegatron to halt ops at India plant for second day after fire

Employee buses enter the Pegatron facility near Chennai, India, March 7, 2023. REUTERS/Praveen Paramasivam/File Photo Acquire Licensing Rights CHENNAI, Sept 25 (Reuters) – Apple (AAPL.O) supplier Pegatron has told its factory workers not to report for work on Tuesday, halting the assembly of iPhones for a second straight day at its south India factory where … Read more