Latest News Updates From Bloomberg News

GovernmentBusinessFuel

OPEC Kept Oil Output Steady in July

OPEC kept oil production broadly steady in July while it cautiously monitors the impact of its latest cutbacks on global markets.

August 2, 2024
BusinessEquipment

Yokohama to Buy Goodyear鈥檚 OTR Tire Business for $905 Million

Yokohama Rubber Co. agreed to acquire Goodyear Tire & Rubber Co.鈥檚 off-the-road tire business for $905 million as part of the Japanese manufacturer鈥檚 global expansion plan.

July 22, 2024
BusinessEquipmentFuelLogisticsGlobal Freight

Maersk Tankers Bet Billions on Ammonia Fuel Carriers

Some of the biggest names in shipping are betting billions on tankers to transport a type of ammonia that鈥檚 scarcely being produced today, wagering it will become integral to decarbonization.

July 15, 2024
GovernmentBusinessFuel

Biden Faces Frustration From US Farmers Over Biofuel Policy

President Joe Biden鈥檚 re-election campaign has had a tough week. Lingering in the background is a boom he touted for American farmers that hasn鈥檛 panned out.

July 12, 2024
BusinessTechnologyAutonomous

Flying Taxi Startup Lilium Close to Saudia Order

Lilium NV is close to selling 100 electric flying taxis to Saudi Arabia鈥檚 state-owned airline, formalizing a framework deal arranged in late 2022.

July 10, 2024
BusinessEquipment

Yokohama Said to Hold Talks for Goodyear鈥檚 OTR Tire Business

Yokohama Rubber Co. is in advanced talks to buy Goodyear Tire & Rubber Co.鈥檚 off-the-road tire business for at least $1 billion, according to people familiar with the matter.

July 10, 2024
GovernmentBusinessTechnology

TSMC Hits $1 Trillion in Market Value on Relentless AI Rally

Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker.

July 8, 2024
BusinessFuel

OPEC Crude Production Steady for Third Month

OPEC鈥檚 crude production remained steady for a third month, while some key members continued to pump above agreed limits.

July 1, 2024
BusinessLogisticsGlobal Freight

Maersk Drops Out of Bidding for Logistics Giant DB Schenker

A.P. Moller-Maersk A/S withdrew its bid for DB Schenker, the logistics unit of Deutsche Bahn AG that has been reported to be valued at more than $16.1 billion.

July 1, 2024
BusinessLogistics

Textainer in Talks to Buy Container Leasing Firm Seaco

Stonepeak-owned Textainer is in talks to acquire container leasing firm Seaco from an arm of failed Chinese conglomerate HNA Group, according to people with knowledge of the matter.

June 10, 2024