Regulators Raid Toyota Offices Over Safety Scandal, Sending Stock Down June 4, 2024 By Nicholas Takahashi Toyota Motor Corp. and other carmakers embroiled in a fresh certification scandal halted shipments of a handful of models and...
Russian Oil Finds New Site for Controversial Cargo Switching June 4, 2024 By Sherry Su Under pressure from Greece’s navy, traders of Russian oil have found a new place to switch cargoes of crude in...
Canadian Billionaire Prem Watsa to Step Down as Chairman of Fairfax India June 4, 2024 Fairfax India Holdings Corp. on Monday said Prem Watsa, popularly known as “Canada’s Warren Buffett,” will step down as the...
Apollo Launches Captive Syndicate at Lloyd’s June 3, 2024 Apollo Syndicate Management Ltd., the Lloyd’s managing agent, announced the launch of the first captive syndicate to be launched under...
Japan Auto Safety Scandal Widens; Toyota Halts Shipments of Some Vehicles June 3, 2024 By Daniel Leussink A safety test scandal at Japanese automakers widened on Monday, with Toyota Motor and Mazda both halting shipments of some...
Canada’s Desjardins Completes Purchase of Insurance Company of Prince Edward Island June 3, 2024 Desjardins Group and The Insurance Company of Prince Edward Island (ICPEI) have confirmed that the transaction announced in March 2024...
Scholz to Visit Southern German Region Battling Severe Flooding June 3, 2024 By Petra Sorge Southern Germany continues to battle flooding from heavy rainfall that’s disrupted transportation and pushed emergency services to their limits. Chancellor...
KKR Weighs Entering Private Credit in Japan to Challenge Banks June 3, 2024 By Taro Fuse KKR & Co. is considering entering the private credit market in Japan to provide an alternative to bank loans. “It...
Stellantis Rushes to Replace Thousands of Faulty Takata Airbags June 3, 2024 By Albertina Torsoli Stellantis NV is rushing to fix around 500,000 cars from its Citroën and DS brands after urging clients to stop...
Banks, Asset Managers Warned of ‘Huge’ Fallout From UK’s New Greenwashing Law May 31, 2024 By Greg Ritchie and Frances Schwartzkopff Banks and asset managers in the UK woke up to a new reality on Friday, as the country enforces some...