Suez Canal ship traffic unaffected after tanker collision

Suez Canal ship traffic unaffected after tanker collision

CAIRO, Aug 23 (Reuters) – Shipping traffic was flowing normally on Egypt’s Suez Canal on Wednesday, two shipping sources based in the country said, after two tankers that collided earlier were separated. The two tankers, the Singapore-flagged liquefied natural gas (LNG) carrier BW Lesmes and the Cayman Islands-flagged oil products tanker Burri, briefly collided in … Read more

Sweden raises terrorist alert level after Koran burnings

Sweden raises terrorist alert level after Koran burnings

[1/2]A police officer on a Segway patrols Sweden’s parliament Riksdagen as the terror threat level in Sweden is raised to four on a five-point scale, in Stockholm, Sweden, August 17, 2023. Fredrik Sandberg/TT News Agency/via REUTERS Acquire Licensing Rights STOCKHOLM, Aug 17 (Reuters) – Sweden’s national security service raised its terrorist alert to the second-highest … Read more

Israeli tech startups flock to US amid uncertainty at home

Israeli tech startups flock to US amid uncertainty at home

Up to 80% Israeli tech startups registering in US – survey Wealthy U.S. funds, pro-business policies are pull factors Some cite uncertainty over Israeli judicial overhaul JERUSALEM, Aug 16 (Reuters) – A growing number of Israel’s tech startups are incorporating in the United States, attracted by deep pocketed U.S. funds and pro-business policies, and with … Read more

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

Exclusive: SoftBank in talks to buy Vision Fund’s 25% stake in Arm

A smartphone with a displayed Arm Ltd logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File photo NEW YORK, Aug 13 (Reuters) – SoftBank Group Corp (9984.T) is in talks to acquire the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), … Read more

U.S., Japan to develop hypersonic missile interceptor – Yomiuri

U.S., Japan to develop hypersonic missile interceptor – Yomiuri

The U.S. (L) and Japanese national flags are hoisted next to a traditional Okinawan Shisa statue at the U.S. Marine’s Camp Foster in Ginowan, on the southern island of Okinawa, Japan June 18, 2016. REUTERS/Tim Kelly TOKYO, Aug 13 (Reuters) – Japan and the U.S. will agree this week to jointly develop an interceptor missile … Read more

Flying taxi maker Archer settles Boeing Wisk lawsuits, shares jump

Flying taxi maker Archer settles Boeing Wisk lawsuits, shares jump

Flying taxi company Archer Aviation prepare for the debut of their all-electric aircraft from a facility in Hawthorne, California, U.S. June 8, 2021. Picture taken June 8, 2021. REUTERS/Mike Blake Aug 10 (Reuters) – Air taxi maker Archer Aviation (ACHR.N) has reached an agreement with Boeing (BA.N) and its Wisk air taxi unit to settle … Read more

US should extend EV tax benefits to Vietnam, says business lobby

US should extend EV tax benefits to Vietnam, says business lobby

People walk next to a VinFast logo on a screen during the press day at the Los Angeles Auto Show in Los Angeles, California, U.S. November 17, 2022. REUTERS/Mike Blake/File Photo WASHINGTON, Aug 3 (Reuters) – The United States should extend electric vehicle tax credit benefits to Vietnam if it wants to encourage a landmark … Read more

Fitch downgrade highlights investor worries about US fiscal picture

Fitch downgrade highlights investor worries about US fiscal picture

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Aug 2 (Reuters) – Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about the country’s debt position, political polarization and the global standing of the U.S. dollar, investors … Read more

Daimler Truck hits double-digit return on sales in industrial business

Daimler Truck hits double-digit return on sales in industrial business

BERLIN, Aug 1 (Reuters) – Daimler Truck (DTGGe.DE) achieved a record adjusted return on sales in its second quarter of 10.3% for its industrial business making trucks and buses, the company said on Tuesday, boosted by considerable growth in its North America and Asia business. Unit sales rose by 9% with revenue up 15%, indicating … Read more

Analysis: Stock sale frenzy foretells US IPO market comeback

Analysis: Stock sale frenzy foretells US IPO market comeback

Signage for TXO Energy Partners is seen at the New York Stock Exchange (NYSE) to celebrate their IPO in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly Acquire Licensing Rights NEW YORK, June 21 (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come … Read more