AP Moller-Maersk warned that container trade could decline this year due to the ongoing supply chain crisis even as the shipping group upgraded its annual profit forecasts by a quarter. The Danish company, the world’s largest container line by profits but second-biggest by capacity, boosted its full-year guidance after its first-quarter results came in above
0 Comments
Australia’s biggest liquefied natural gas producer said Asian demand for supplies from “democratic” nations had risen following Russia’s invasion of Ukraine and called on Canberra to speed up approvals of domestic projects. Meg O’Neill, the chief executive of Woodside Petroleum, said the LNG market had “changed tremendously” since Russia invaded Ukraine and the west imposed sanctions on Moscow, forcing countries
0 Comments
Primark owner Associated British Foods has said it will raise prices to offset the impact of rising inflation, which it warned is set to drag down profits this year and next. The FTSE 100 company said higher costs for commodities, transport and energy were being felt across its businesses, which include food groups Allied Bakeries,
0 Comments
When Jacqueline Bouvier married John F Kennedy in 1953, every detail of her ivory wedding gown was pored over by journalists. But one critical fact was overlooked. The gown’s designer was not credited by name; one writer referred to her as “a colored woman dressmaker”. That designer was Ann Lowe, the couturier who had also
0 Comments
Shoreditch has suffered. Stagnated even. Its edge needs serious sharpening after the devastation of the pandemic. One of the early symptoms was the surprising closure of the Ace Hotel, an imprimatur of the area’s global cool, in 2020. Now it has been reincarnated as One Hundred Shoreditch, relaunching last month in a move many are
0 Comments
There’s the dropping of names. Then there’s carpet-bombing. Then there’s blitzkrieg. The scattershot of grand writerly personalities throughout John Walsh’s coming-of-literary-age memoir sometimes makes you want to duck for cover. And to wonder whether this author ever spoke to anybody who wasn’t, or wasn’t to become, famous. But Walsh can be forgiven, since this isn’t
0 Comments
Aircraft leasing companies have launched a multinational effort to persuade safety authorities to allow grounded planes that were returned from Russia without full maintenance records back into commercial service. Declan Kelly, chair of Aircraft Leasing Ireland, said the trade body had begun an “asset preservation study” with regulators in Europe, the US and Bermuda to
0 Comments
A new European framework for assessing medicines has the potential to speed up access to groundbreaking treatments and reduce the administrative burden on pharmaceutical companies, according to its developers. Health technology assessments, which examine the clinical effectiveness of a new medicine or medical device compared with existing technologies, are currently conducted by individual EU member
0 Comments
French police have raided the Paris offices of Sanjeev Gupta’s GFG Alliance and a metalworks it formerly owned in an escalation of a criminal probe into the metals magnate’s empire. The Paris Prosecutor’s Office last year launched an investigation into Gupta’s French operations over allegations of “misuse of corporate assets” and “money laundering”, mirroring a
0 Comments