Economy

Oil gains as risk of Iran supply resumption recedes

Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran.

JLR to begin testing prototype hydrogen Land Rover this year

Jaguar Land Rover will begin tests later this year on a hydrogen fuel-cell prototype model based on its Land Rover Defender vehicle as the carmaker looks to expand its zero-emission car options, the company said on Tuesday.

GE, Safran venture to develop radical new jet engine

General Electric (GE.N) and France’s Safran (SAF.PA) has unveiled plans to test-build an open-bladed jet engine able to reduce fuel use and emissions by 20% as they prolonged their historic CFM International joint venture by a decade to 2050.

Loeb’s U.S. hedge fund Third Point owns Vivendi stake -source

Billionaire hedge fund manager Daniel Loeb’s Third Point owns a substantial stake in Vivendi SE (VIV.PA) and is “evaluating” the French media giant’s plan to sell a stake in its Universal Music Group to rival billionaire investor William Ackman, a source familiar with the firm’s holdings said on Monday.

Oil gains as risk of Iran supply resumption recedes

Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran.

JLR to begin testing prototype hydrogen Land Rover this year

Jaguar Land Rover will begin tests later this year on a hydrogen fuel-cell prototype model based on its Land Rover Defender vehicle as the carmaker looks to expand its zero-emission car options, the company said on Tuesday.

GE, Safran venture to develop radical new jet engine

General Electric (GE.N) and France’s Safran (SAF.PA) has unveiled plans to test-build an open-bladed jet engine able to reduce fuel use and emissions by 20% as they prolonged their historic CFM International joint venture by a decade to 2050.

Loeb’s U.S. hedge fund Third Point owns Vivendi stake -source

Billionaire hedge fund manager Daniel Loeb’s Third Point owns a substantial stake in Vivendi SE (VIV.PA) and is “evaluating” the French media giant’s plan to sell a stake in its Universal Music Group to rival billionaire investor William Ackman, a source familiar with the firm’s holdings said on Monday.

Categories