News for nerds
Activist investor Cevian Capital said Aviva should return 5 billion pounds ($7.08 billion) of excess capital in 2022 after revealing it has built up a near 5% stake in the British insurer, putting new CEO Amanda Blanc under pressure to Read more
Airbus (AIR.PA) delivered 50 airplanes in May, bringing its total so far this year to 220 jets, up 38% from the same period last year, the European planemaker said on Monday. Deliveries included the first A380 superjumbo to Dubai’s Emirates Read more
The London Metal Exchange said on Wednesday it will donate $1.7 million to the charities Pact and the Impact Facility to fund two responsible sourcing projects in Zambia and the Democratic Republic of Congo. The projects will focus on tackling Read more
Samsung Electronics (005930.KS) is banking on Europe to maintain growth momentum in its network equipment business, a senior executive said, as 5G rollout widens and industry leader Huawei Technologies of China focuses on its domestic market. Although the South Korean Read more
Chinese authorities have ordered a unit of state-run PetroChina to stop trading off crude oil import quotas with local refineries as part of a crackdown on excessive fuel production, a move that could cut the country’s crude imports by 3%, Read more
U.S. small-business confidence edged lower last month, the first decline in four months, as a nationwide labor shortage and inflation worries weighed on business owners’ economic outlook, according to a survey released on Tuesday. The National Federation of Independent Business Read more
Ford Motor Co (F.N) said on Tuesday its new Maverick compact pickup truck will have a gasoline-electric hybrid powertrain as standard equipment, a technology choice aimed at keeping the vehicle’s starting price below $20,000. Ford expects the hybrid version of Read more