Joby Aviation and Toyota Motor Corporation announced a joint venture on Monday to manufacture electric air taxis, combining Joby’s work in electric aviation with Toyota’s expertise in production systems. The new entity, called the Joby Toyota Aero Manufacturing Preparation Company, or JTAMPC, will focus on establishing the groundwork for commercial production and advancing manufacturing quality…
As traffic through the Strait of Hormuz tentatively reopens following the U.S.-Iran deal to make a deal, oil prices on Tuesday were on track to post a 20% monthly decline and a 30% quarterly plunge in the biggest slump in a quarter since the pandemic-driven crash in prices. In the first quarter of 2020, Brent…
Chinalco (Xiong’an) Mining, a subsidiary of the Aluminum Corporation of China, has agreed to acquire a 95% stake in the Opuwo Cobalt-Copper Project in Namibia from Celsius Resources for $15m (101.88m yuan). The transaction follows the execution of a binding share sale agreement between the two parties. The Opuwo Project in the Kunene Region of…
Dubai and other Middle Eastern countries are bracing for an influx of cryptocurrency firms as new rules drive companies out of the European Union (EU). Crypto companies are reportedly heading for Dubai and the United Arab Emirates (U.A.E.) as the European Union’s Markets in Crypto-Assets regulation (MiCA) comes into force on July 1. The new…
The effort to sell Atom Bank is close to being abandoned after the process failed to produce offers matching the £600m valuation sought by its shareholders, reported The Financial Times. Sources told the publication that investors in the Newcastle lender, among them BBVA of Spain and asset manager Toscafund, are weighing whether to stop the…
UK firms supporting people to buy, trade and hold crypto must now meet clear standards under landmark rules set out by the FCA. All firms must meet financial resilience requirements including capital and stress testing. The FCA is also introducing new market integrity rules covering areas such as insider trading and market manipulation. The new…
Hormel Foods is to offload its business in Brazil to domestic food producer Zanchetta Alimentos as the US group looks to “simplify and streamline its portfolio”. Zanchetta Alimentos is acquiring a business operating under the Ceratti brand and which includes production. The financial terms of the deal were not disclosed. In a brief statement yesterday…
Summary MDU Resources Group Inc. is a natural gas utility with smaller electric utility operations. The company was founded in in 1924 as a small utility until it branched out into the construction industry. It spun off two construction service companies in 2023 and 2024. Through its four regulated utilities it provides generation, transmission, and…
Summary Treasury bond yields have backed up on fears of oil-price driven inflation in the months ahead, this as the war in Iran remains unresolved. Corporate bond yields have risen as well — but at a slower rate as bondholders are now less concerned over the risks of recession, given positive trends in employment. As…
By Mike Dolan June 30 (Reuters) – What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets It’s halftime for 2026 markets as the whistle blows on a turbulent and volatile first six months of the year. Despite the energy-shocking four-month Iran war and rancorous geopolitics over Venezuela, Greenland and…
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