Business

Egypt Bids Adieu to Suez Canal Saga With Payoff, Party

For a nation that provides safe passage for so many ships through its waters, Egypt offered up rather special treatment for the Ever Given.

July 7, 2021
Business, Fuel

OPEC+ Breakdown: What to Watch as the Oil Crisis Evolves

OPEC+ infighting has deprived the oil market of extra supply and sent crude surging to a six-year high in New York.

July 6, 2021
Business, Technology, Logistics, Top 50

DP World Nears $1.2 Billion Deal for Logistics Firm Syncreon

DP World is nearing an acquisition of Syncreon Holdings Ltd. in a deal that could value the U.S. supply chain services company at about $1.2 billion, according to people familiar with the matter.

June 30, 2021
Business, Technology, Logistics, Autonomous

Robotics Firm AutoStore Plans IPO at $10 Billion Value

AutoStore is weighing an initial public offering that could value the Norwegian warehouse robotics company at more than $10 billion, according to people familiar with the matter.

June 29, 2021
Government, Business, Technology, Fuel, Logistics

Infrastructure Deal Closer With Biden, Senators Meeting June 24

President Joe Biden and a group of bipartisan senators are close to agreement on a $559 billion infrastructure plan that would fulfill one of his top priorities, according to lawmakers and officials familiar with the discussions.

June 24, 2021
Business, Fuel

After Blowing $300 Billion, US Shale Finally Makes Money

After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot. It’s poised to generate more than $30 billion of free cash this year.

June 18, 2021
Government, Business

Dems, White House Give Infrastructure Compromise One Last Chance

The White House is giving bipartisan talks on a compromise infrastructure package another week to 10 days to bear fruit and is prepared to endorse a Democrat-only route if that effort fails, according to House lawmakers.

June 15, 2021
Government, Business

US Father-Son Duo Charged With Helping Ghosn Flee Plead Guilty

The American father-son duo charged with helping former Nissan Motor Co. Chairman Carlos Ghosn flee trial in Japan a year and a half ago pleaded guilty in a Tokyo court June 14.

June 14, 2021
Government, Business

Romney, Senators Map Rival Infrastructure Plan With No Tax Hikes

The Biden administration is expecting a new infrastructure proposal this week from a bipartisan group of lawmakers, but those legislators are moving forward without any of the tax hikes the president has demanded to pay for his plan.

June 9, 2021
Government, Business, Technology, Equipment

Biden Will Need More Than $52 Billion for Chip Effort, Analysts Say

President Joe Biden’s blueprint for the U.S. semiconductor industry marks an ambitious effort to set industrial policy for a critical sector of the economy, but the strategy will need more money and global support to take back chip supremacy and pre-empt a rival effort from China.

June 9, 2021