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August 31, 2024
New Zealand, the America's Cup defenders, were back in the water Saturday after repairing damage to their AC75 that was sustained when they pulled it out of water two days earlier. New Zealand's monohull foiling boat suffered serious damage…
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August 31, 2024
A crew member of Mike Lynch's yacht spoke about being thrown in the water as well as efforts to save passengers when a storm submerged the vessel near Sicily last month. The British tech tycoon was also killed, along with six others. According to Italian news agency Ansa…
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August 29, 2024
New Zealand's AC75 America's Cup vessel sustained damage when it was lifted out of the water at Barcelona. They will not race on Friday until they have assessed its full extent. New Zealand confirmed that all members of its team were safe after the incident on Thursday…
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August 29, 2024
New Zealand, the America's Cup defenders, said that a crane failed when lifting their AC75 out of water following racing in Barcelona. However, all team members are safe. Onshore, the incident occurred as the competition began for the oldest…
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August 29, 2024
Mike Lynch and six others were killed 10 days ago when his yacht sank near the coast of Sicily. The captain of the yacht, Mike Lynch, flew out from Palermo. James Cutfield, a New Zealander, left the capital of Sicily on a private plane, according to a source in the investigation.
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August 29, 2024
South Africa's Kumba Iron Ore. will invest an extra 7.6 billion rand ($ 428. million) in processing technology that will treble premium. quality production at its Sishen mine, it said on Thursday. The Anglo American system said the extra financial investment.
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August 27, 2024
Two sources with knowledge of the situation said on Tuesday that the German government and the state of Lower Saxony will likely acquire around 80% of Meyer Werft in order to secure the company's future as one of the largest cruise shipbuilders in the world.
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August 26, 2024
The European wheat price fell again on the Monday due to a stronger trend in euro, which made it more expensive on world markets. EU wheat is facing stiff competition from cheaper Black Sea origins. The benchmark December milling grain on Paris' Euronext fell 1.8% to 205 euros ($228.88)…
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August 26, 2024
The European wheat price fell again on the Monday due to a stronger euro, which made it more expensive on world markets. EU wheat is facing stiff competition from cheaper Black Sea origins. The benchmark December milling grain on Paris' Euronext…
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August 24, 2024
A prosecutor in Italy has launched a manslaughter probe into the death of British tech magnate Mike Lynch, and six others who died when a luxury boat sank near Sicily last week. Ambrogio Cartosio is the head of the public prosecutor’s office in Termini Imerese.
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August 23, 2024
Euronext Wheat fell on Friday for the third consecutive day, holding near its five-month low. A rising euro and an abundance of grain from the Black Sea at a lower price kept traders pessimistic about export prospects. The December wheat contract…
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August 23, 2024
A company spokesperson revealed that Norway's state controlled energy giant Equinor had cancelled plans to invest into Vietnam's offshore sector. This is a blow for Vietnam's green energy ambitions. According to the World Bank Group's report…
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August 23, 2024
The defence ministers from Australia, Britain, and the United States announced that a U.S. nuclear-powered sub will undergo maintenance for the first-time in Australia on Friday. This is a crucial step taken by AUKUS partner countries to deter aggressive behavior in the Indo-Pacific.
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August 22, 2024
Mike Lynch, a tech tycoon, who drowned when his luxury yacht capsized off Sicily spent over a decade creating Britain's largest software company. He also fought for almost the same amount of time against charges that he inflated its value to get a multibillion-pound deal.
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August 22, 2024
On Thursday, during a trip to Meyer Werft to meet with workers, Olaf Scholz, the German Chancellor, assured them that the German government was working on a deal for the shipyard, which is 229 years old and is one of the largest cruise ship builders in the world.Scholz…
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August 22, 2024
German Chancellor Olaf Scholz assured Meyer Werft workers on Thursday that government worked with owners and banks to ensure the future of shipyard. Meyer Werft is home to one the largest builders of luxury cruise ships. Scholz, in an address to the works council…
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August 22, 2024
A vessel reported a minor explosion near it after a collision with an uncrewed ship 57 nautical mile south of Yemen's Aden port, the United Kingdom Maritime Trade Operations said on Thursday. The ship and crew were in good health and the vessel was moving to its next destination.
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August 22, 2024
Sources familiar with the situation said on Thursday that the German government intends to buy a majority stake in Meyer Werft - one of the top cruise ship builders in the world - as part of its support for the company. Sources said that Chancellor Olaf Scholz…
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August 21, 2024
Euronext Wheat prices fell on Wednesday to their lowest level in five months as the strength of the euro and cheaper Black Sea wheat supplies pushed down prices. The December wheat position, which was the most active on Paris' Euronext exchange…
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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…
