China says it has reached an agreement with the EU on hybrid cars
China says it has reached an agreement with the EU on hybrid cars
UN: Global growth slows to 2.6 percent in 2026
The global economy is expected to grow by 2.6 percent in 2026, compared with 2.9 percent last year. The energy shock resulting from the conflict in the Middle East is weighing on growth, according to the UN’s trade and development body UNCTAD. World trade is expected to increase by 4 percent in constant prices, while […]
China expands stimulus by USD 82 billion to provinces
China is giving the country’s provinces the opportunity to use previously unused bond quotas worth 550 billion yuan, equivalent to USD 82 billion, to stimulate the economy. Bloomberg News reports. Of the amount, 300 billion yuan will cover ongoing spending at the local level, while 250 billion yuan is earmarked for investments and major projects […]
Fjellinjen’s traffic decreased by 1.6 percent in September
Norwegian Fjellinjen recorded 34.2 million passages through its 83 toll stations in Greater Oslo in September, a decrease of 1.6 percent compared with the same month last year. The decline was partly explained by King Harald’s funeral on September 9, when the number of passages was almost 300,000 lower than on a normal Wednesday. The […]
Report: BASF may raise bid for Evonik – Reuters
German chemicals giant BASF may raise its bid for rival Evonik if the companies enter into negotiations over an acquisition. Reuters reports this, citing two people with knowledge of BASF. Evonik is said to have previously rejected a bid of EUR 10.3 billion, equivalent to EUR 22.15 per share, as too low. BASF is also […]
Barclays cuts its price target for Polestar to USD 5 (15), repeats Underweight
Barclays cuts its price target for Polestar to USD 5 (15), repeats Underweight
Barclays downgrades Ryanair and Norwegian to Equal Weight
Barclays downgrades its recommendations for the airlines Ryanair and Norwegian to Equal Weight from Overweight. The price targets are cut to 24 from 28.50 euros and 11.50 from 20 Norwegian kroner, respectively. The reason is high fuel prices, which are expected to pressure profits in the fourth quarter and in 2027. Barclays believes the airlines […]
Paramount developing film based on Cyberpunk 2077
Paramount Pictures is developing a feature film based on the popular video game Cyberpunk 2077, created by Poland’s CD Projekt Red. Deadline reports this. Producer Lorenzo di Bonaventura will produce the film together with CD Projekt Red. The story takes place in the game’s dystopian future world, where megacorporations have significant influence over society. The […]
Transocean secures order value of USD 1.1 billion
Oilfield services company Transocean has secured contracts worth approximately USD 1.1 billion. A new agreement with Norske Shell covers two wells in Norway and is expected to generate USD 62 million over approximately 120 days, with an option for an additional well. At the same time, Equinor has given final approval to a previously announced […]
Barclays initiates coverage of Spacex with an Overweight rating and a $254 price target
Barclays initiates coverage of Spacex with an Overweight rating and a $254 price target
