Shippers are worried about the railways’ ability to haul grain, as Canadian farmers harvest the nation’s third-biggest wheat crop on record and 42% more canola than a year ago.
Boeing missed out on a 40-plane deal in September, following an even bigger hit in July, when China ordered nearly 300 Airbus aircraft worth about $37 billion at sticker prices.
The deal with Chinese state-owned drug-maker Sinopharm to import and market its antiviral molnupiravir in China is a sign the country is considering more COVID-19 medicines from overseas developers.
A key lithium producer in Australia is urging electric car manufacturers and battery makers to partner in new refinery projects, to avoid shortfalls of the material that’s crucial to the clean energy transition.
The automaker plans to keep gas-powered cars as a key part of its lineup, rejecting efforts by rivals to go fully electric amid concerns over how quickly consumers will embrace new technologies.
The carrier, controlled by India’s oldest conglomerate Tata Group, is in discussions with potential investors including private equity funds and sovereign wealth funds, and fundraising could be completed in the next few months.
The airline plans to suspend service at New York’s John F. Kennedy International Airport, following through on a threat earlier this month to halt flights if regulators don’t allow the carrier to expand there.
Hong Kong will stick with its push to reopen to the world unless a dangerous new virus variant emerges, while stressing the financial hub has an obligation to protect mainland China from major COVID-19 outbreaks.