Business Recorder

Singapore Airlines and Air New Zealand to expand joint network as travel demand grows

Singapore Airlines said on Thursday that it would expand its joint network between New Zealand and ​Singapore with Air New Zealand to meet growing ‌travel demand between the two countries alongside key markets across Asia and Europe. The expanded …

#SingaporeAirlines #AirNewZealand #TravelDemand

Business Recorder

Chevron files request to acquire offshore Greek block, energy ministry says

ATHENS: US oil major Chevron ‌has filed an official request to take over a 70% stake ​from Greece’s Helleniq Energy ​in an offshore block southwest of ⁠Greece, the Greek energy ​ministry said on Thursday, in ​a move that would further expand the U…

#Chevron #Greece #EnergySector

Business Recorder

Ukraine’s Zelenskiy visits Sweden for ‘aviation’ news

HELSINKI: Ukrainian ​President Volodymyr Zelenskiy is ⁠in ​Sweden on Thursday, ​the Nordic country’s government said in ​a ​statement. Zelenskiy will meet Prime ‌Minister ⁠Ulf Kristersson and Defence Minister Pal ​Jonson ​in ⁠Uppsala north of Stoc…

#Ukraine #Sweden

Business Recorder

Deutsche Bank investors urge bank to keep lid on costs

FRANKFURT: Deutsche Bank investors on ​Thursday called on the German lender ‌at its annual shareholder meeting to keep a lid on costs, with some ​pledging to vote against a ​motion to raise pay for the ⁠bank’s chairman. The meeting, the first ​in-…

#DeutscheBank #Economy

Business Recorder

UniCredit prices loans using significant risk transfer capital relief, Bloomberg News reports

UniCredit is including the capital benefit from significant risk transfer (SRT) into its process for granting ​and pricing new loans, the head ‌of the bank’s balance sheet management said in an interview with Bloomberg News published on Thursday. …

#UniCredit #Economy

Business Recorder

Global temperatures to reach near-record highs in next five years, report finds

GENEVA: Average global temperatures are forecast to reach near-record levels in the next five years, ‌with Arctic temperatures expected to warm faster than other regions, a report by the U.N. weather agency and the UK’s Met Office said on Thursday…

#ClimateChange #Weather

Business Recorder

Youm-e-Takbeer: Pakistan committed for peace, int’l norms, says President, PM

President Asif Ali Zardari and Prime Minister Muhammad Shehbaz Sharif in their messages on Youm-e-Takbeer have reiterated that Pakistan is a responsible and peace-loving nation that respects international laws and norms, state-run Radio Pakistan r…

#YoumeTakbeer #ShehbazSharif #AsifAliZardari

Business Recorder

TotalEnergies files for authorisation of €4.5 billion offshore wind project in Normandy

French oil ​major TotalEnergies said ‌on Thursday it ​had filed ​for an authorisation ⁠of ​its 1.5 ​gigawatt offshore wind project in ​Normandy. The ​project represents a €4.5 ‌billion ($5.2 ⁠billion) investment and will employ ​up ​to ⁠2,500 peop…

#Science

Business Recorder

Three oil, LNG tankers exit Hormuz with transponders off

SINGAPORE: Two supertankers and one liquefied natural gas (LNG) tanker exited the Strait of Hormuz earlier this week ​with their transponders switched off, and are heading for India and China, shipping data from ‌LSEG and Kpler showed. The vessels…

#Oil

Business Recorder

South African rand weakens ahead of central bank rate decision

JOHANNESBURG: The South African rand weakened in early trade on Thursday, ahead of a much-anticipated interest rate decision by the South African ​Reserve Bank (SARB) later in the day. At 0533 GMT, the rand ‌traded at 16.45 against the dollar , ab…

#Economy #SouthAfrica