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August 21, 2024
Meyer Werft, a luxury shipbuilder, announced that German Chancellor Olaf Scholz would visit the company on Thursday. The announcement raised hopes for the luxury shipbuilder to receive support from the German government in order to close a hole of 2.7 billion euros ($3.00 billion).Thomas Gelder…
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August 12, 2024
Harland & Wolff, a British shipbuilder, announced on Monday that it would not be able finalise the accounts for 2023 as a going concern and had suspended its work to finish its unpublished accounting. It is now looking at options to remain afloat.
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August 1, 2024
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. After a lengthy investigation into accusations of corruption by UK listed commodity trader Glencore in Africa…
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August 1, 2024
A company announcement said that the board of Fincantieri, Italy's state-owned shipbuilder, selected Biagio Mzzotta as its chairman. He is currently head of Italy's state audits, which reports to Italy’s Economy Ministry. Mazzotta replaces Claudio Graziano who passed away in June.
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July 30, 2024
Leonardo, an Italian aerospace and defense group, continued to grow its revenues, orders and profits by double digits in the first six months of this year as it pursued its expansion strategy in European defence programs. The first-half results…
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July 24, 2024
A person involved in planning said that Giorgia Melons first visit to China since she took office will be from July 26-31. She is hoping to improve trade between China and Italy. Meloni is expected to meet Chinese Premier Li Qiang and President Xi Jinping.
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July 23, 2024
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy. LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as…
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July 23, 2024
Harland & Wolff, a Belfast-based shipbuilder, announced on Friday that it had been in urgent discussions with its principal lender to address its near-term funding needs as well as explore strategic options for the future. The shipyard that…
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July 23, 2024
These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Overview - On Thursday, the Bank of England announced that it was experiencing a temporary outage of its CHAPS interbank payments system.
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July 23, 2024
An official notice published on Thursday showed that Britain has added 11 new sanctions to its Russia sanctions regime in relation to the conflict in Ukraine. The government stated that the sanctions against ships such as Zaliv Amurskiy, SCF…
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July 3, 2024
A spokesperson for the German economy ministry said that the government may consider supporting Meyer Werft, which is one of the largest cruise ship builders in the world. The company, which is struggling to cut costs, has planned hundreds of job cuts.
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July 2, 2024
Federico Olivieri (29), a farm worker who had worked informally for years, was shocked to see a large building site next to his Sicilian home, with the training offered for the many specialised jobs needed. The Webuild programme is one of many 'academies…
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July 2, 2024
These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Revolut's profits reached record levels last year, thanks to higher interest rates.
