Tag: Business
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Major buyers of Russian oil struggles
The global oil market was thrown into chaos after the invasion of Russia into Ukraine. This is with top buyers of Russian oil struggling...
Germany to host G7 finance meeting
Germany will host the main finance meeting of its presidency of the Group of Seven economic powers from May 18-20. This is reported in the Rheinische...
Uniper secures $11 BLN credit lines
German utility Uniper said that it has secured credit facilities worth up to 10 billion euros ($11.3 billion) from parent Fortum and state bank...
Renault’s China JV with brilliance
Renault confirmed a report that its joint venture with Chinese carmaker Brilliance Auto Group had run out of cash. Hence, they are heading for...
Thyssenkrupp restructure halfway complete, expecting 2022 higher margin
Thyssenkrupp’s radical restructuring involving a string of disposals and cost cuts is about halfway complete. This is with the group on track for higher...