France’s Engie strikes deal to buy UK Power Networks for £10.5bn
French energy company Engie has agreed to acquire UK Power Networks for £10.5 billion. This deal expands Engie's presence in the UK energy distribution market.
Why this matters: This acquisition could reshape competition in the UK's energy distribution sector.
China overtakes US as Germany’s top trading partner
China has become Germany's largest trading partner, surpassing the United States. This shift reflects changing global trade dynamics.
Why this matters: Companies with supply chains or markets in Europe may need to reassess their trade strategies.
Indian Scrapyards Welcome Growing Number Of Dark Fleet Tankers
Indian scrapyards are receiving an increasing number of tankers from the 'dark fleet' of aging vessels. This reflects the ongoing phase-out of older ships from global shipping.
Why this matters: This indicates continued turnover in the global shipping fleet as older vessels reach end-of-life.