Alibaba Group Holding Ltd. disclosed a wider web of Chinese government stakes in its business units than previously known, following an inquiry from the US Securities and Exchange Commission. The Hangzhou-based e-commerce pioneer said in filingsBloomberg Terminal in the US and Hong Kong over the weekend that more than a dozen of its entities are … Read more
Hungary’s Prime Minister Viktor Orban confirmed that his country will remove the last obstacle to Sweden’s NATO accession after the Nordic country agreed to sell Gripen jet fighters to Budapest. The Hungarian parliament will take the “necessary decisions” to ratify the Nordic country’s NATO accession early next week, Orban said at a press conference with … Read more
Alphabet ’s disappointing earnings outlook spoilt the party for investors last week as other Big Tech players wheeled out the champagne. The Google parent is searching for levers to please investors and signing up a partner for its fiber-cable business could be one handy tool. Alphabet is looking for external investment for its GFiber business, … Read more
Updated Jan. 11, 2024 7:58 am ET Armed, uniformed men boarded an oil tanker off the coast of Oman that has been at the center of a dispute between Iran and the U.S. and changed its course toward Iranian waters on Thursday, according to maritime intelligence firms, marking a further escalation along shipping routes in … Read more
Updated Jan. 10, 2024 9:04 am ET Western importers are reporting a steep rise in ocean-shipping rates and weekslong delays as carriers divert ships from the Red Sea to avoid Houthi rebel attacks. Some companies shipping goods on the crucial trade lane are starting to chafe at the rising prices and extra fees that ocean … Read more
Updated Jan. 8, 2024 2:26 pm ET A burning inferno on the runway, followed four days later by a midair emergency involving a gaping hole in the side of the plane, isn’t the way the airline industry wanted to start 2024. After a fraught 2023, in which safety specialists and regulators raised alarms about mounting … Read more
Updated Jan. 6, 2024 10:31 pm ET The Federal Aviation Administration ordered a temporary grounding and immediate inspections of dozens of Boeing 737 MAX jets, after one of the planes made an emergency landing when a section of the aircraft ripped away in midair. Passengers and flight attendants described a harrowing incident during an Alaska … Read more
Updated Jan. 4, 2024 2:13 pm ET In its certification, Airbus was required to prove that its A350 aircraft can be evacuated in less than 90 seconds. In Tuesday’s collision in Japan, the last crew member escaped the aircraft after 18 minutes—but there were still no casualties. The sizable discrepancy, for the moment, represents a … Read more
A chemical tanker in the Indian Ocean was struck by a drone launched directly from Iran early Saturday, the Pentagon said, signaling a widening risk to shipping after Yemeni rebels started attacking vessels in the Red Sea. “The motor vessel Chem Pluto, a Liberia-flagged, Japanese-owned, and Netherlands-operated chemical tanker was struck at approximately 10 a.m. … Read more
