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June 25, 2026
All three bids received for the engine maker Everllence by Volkswagen valued the unit at "clearly" more than EUR9 billion ($10.21 billion), according to a source involved in the negotiations. Volkswagen has chosen U.S. Private Equity firm Bain Capital for the acquisition of 51% of this unit.
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June 25, 2026
The Kremlin denied on Thursday a Wall Street Journal article that claimed that it was pressuring Belarus to back an "expansion" of Russia's war against Ukraine. The WSJ reported Wednesday that Russia was looking to Belarus as a launchpad to…
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June 25, 2026
The?shares of Volkswagen rose 2.4% on Friday following the?announcement that a majority of its engine unit Everllence would be sold in a deal expected to bring in EUR7,4 billion ($8,41 billion) as the automaker continues with its restructuring.
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June 24, 2026
The Financial Times reported that Bain Capital was'set to acquire a majority stake in Volkswagen Marine Engine Unit Everllence. This report was based on people who are familiar with the situation. According to the report, it is estimated that the?unit will be worth?about EUR8.5 billion.
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June 24, 2026
France will have a much easier time navigating the World Cup when it faces?Norway on?Friday in the final match of Group I. However, finishing first could mean they are facing the most difficult road to the title. France is assured of a spot in the round 32 following victories over Senegal…
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June 23, 2026
Norway's World Cup supporter made headlines by refusing to join his countrymen in their viral Viking-inspired rowing gesture. While Erling Haaland's team secured Norway's passage into the knockout rounds with their 3-2 victory over Senegal,…
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June 23, 2026
Norway's players performed the "rowing", a celebration that became iconic for their fans at the World Cup, after reaching the knockout stages with a nervous 3-2 victory over Senegal. Red-clad Norwegians have done their Viking Row in stadiums, escalators, and even Times Square in New York.
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June 21, 2026
Los Gallos, a Spanish sailing team, won their first SailGP race of 2026 on Sunday. They defeated Artemis in the Canada 'Sail Grand'Prix at Halifax. Los Gallos, who had been at the rear of the fleet during the race, surged forward to defeat Artemis.
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June 18, 2026
These are the 'top stories' on the?business pages of The New York Times. These stories have not been?verified? and we cannot vouch for the accuracy of these reports. Vincent Clerc said that any deal allowing Iran to charge fees for the Strait…
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June 17, 2026
Euronext maize and wheat rose to new highs on Wednesday, thanks to an Algerian import purchase and a hotter weather in France. After reaching its highest price since June 3, September wheat settled at EUR203.50 ($235.84). This is a 0.5% increase.
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June 16, 2026
The Canadian government released a statement after Carney's meeting with Ukrainian President Volodymyr Zelenskiy at the G7 summit in France. In a statement dated Tuesday, the Canadian government included Maritime Mutual of New Zealand, which…
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June 16, 2026
The Turkish foreign minister said that he had spoken to his Russian counterpart on Tuesday about the importance of avoiding actions in 'the Black Sea' that threatened regional security and Turkey's interests. He also reiterated Turkey's offer as a mediator between Kyiv & Moscow.
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June 16, 2026
Abu Dhabi National Oil Company has sold 30 million barrels of spot oil to Asian refiners and traders this month, and is offering more this week. This will boost exports in the wake of the U.S. - Iran ceasefire. The United Arab Emirates producer sold cargoes containing Das…
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June 15, 2026
The European Union expanded its list of sanctions on Monday, targeting Russian shadow fleet members accused of?aiding Moscow in its war effort against Ukraine as well as?individuals connected to the murder Alexei Navalny, an opposition leader.
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June 12, 2026
Energy Secretary Chris Wright said on Friday that U.S. refiners could still process more Venezuelan heavy oil, as the South American nation's output jumped after the U.S. captured President Nicolas Maduro in January. Facilities on the Gulf Coast also made adjustments to handle higher volumes.
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June 11, 2026
India's shipping ministry announced that it had?ordered all its agencies to be prepared for any occurrence involving Indian seafarers, or maritime interests. This follows three U.S. attacks this week on Indian-crewed tankers, one of which resulted in the death of three sailors.
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June 9, 2026
Interfax reported that the Russian navy conducted military drills in the Baltic Sea, including unguided missile launches and bombing runs. The NATO BALTOPS Naval Exercise, which began?June 4, and runs until?June 20, is the 'biggest war game in the Baltic Sea?year.
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June 8, 2026
The European Union announced on Monday that it had imposed sanctions?on two Iranians and a unit of 'Islamic Revolutionary.Guard.Corps, for threatening?freedom of maritime traffic?in the Strait of Hormuz. Around a fifth of world oil passes through the Strait of Hormuz.
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June 8, 2026
The largest oil supply shock since decades is now in its fourth month. There's no end in sight, as neither the U.S. or Iran appear willing to compromise. Yet the market remains surprising calm. This disconnect is a reflection of an uncomfortable…
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June 4, 2026
Blackstone, the world's largest private credit fund manager, announced that it had capped withdrawals from its flagship fund. This highlights the growing stress in "private funding markets". People familiar with the situation?said that Partners will cap a second major pool of investments…
