Exclusive: Saudi ship struck by Houthis had insurance from Lloyd’s insurance giant July 25, 2026 Insurance giant Gallagher had insured one of two ships that were attacked by the Houthis in the Red Sea, which caused a fire to break out on board and made the ship return to port. The Lloyd’s of London broker had organised cover for the affected vessel, which was one of a pair of tankers [...]
Kuwait Oil Company Signs US$ 16.0 Billion Infrastructure Partnership Involving Its Crude Oil Pipeline Network With a Consortium Comprising Blackstone, Brookfield and KKR July 25, 2026 Kuwait Oil Company (“KOC”) is establishing a new joint venture (“JV”) with three leading global investors in a lease and leaseback structure for a 20.5 year period that includes a volume-based tariff Following a competitive selection process, Blackstone, Brookfield and KKR will collectively hold a 49% stake in the JV, with each investor holding an equal one-third share of that interest on equal terms; KOC will retain a 51% stake and full ownership and operational control of the network Kuwait's largest energy infrastructure partnership to date, and the largest foreign direct investment ever in Kuwait Marks the first time leading global institutional investors have deployed long-term capital into Kuwait’s midstream infrastructure Underscores – amidst ongoing regional geopolitical challenges – international trust in KPC’s ability to deliver on its 2040 Strategy to reach 4 million barrels of crude oil production capacity per day by 2035 Supports Kuwait's economic diversification goals in a partnership with leading international investors, expected to generate US$ 7.85 billion of proceeds to support broader capital expenditure plans Preserves the State of Kuwait’s full flexibility over its production and refining volumes
Commonwealth Games: How ‘Commy G Lite’ is opportunity for smaller brands July 25, 2026 Is the smaller scale Commonwealth Games a chance for smaller brands to step up and take a bite out of the multi-sport flagship event action, asks sponsorship expert Sarah Niblock. A reduced price tag might look like they can, but more importantly, it’s essential that they consider if they actually should. The 23rd Commonwealth Games [...]
Exclusive: Nothing slashes jobs in cost-cutting push July 24, 2026 British smartphone maker Nothing has begun slashing jobs across its global business as it looks to cut costs following a rapid hiring spree, City AM can reveal. The Kings Cross headquartered hardware firm, founded by Carl Pei, who previously set up Chinese smartphone company OnePlus, has begun consultations with staff across regions and has already [...]
Mobix Labs Signs Definitive Agreement to Acquire Vision Aerial, Accelerating Global Drone Platform for National Security and Aerial Intelligence July 24, 2026 Transaction accelerates Mobix Labs’ global aerial intelligence strategy and National Security Matters Initiative
Result of AngloGold Ashanti plc’s General Meeting July 24, 2026 AngloGold Ashanti plc (the “Company”) (NYSE: AU; JSE: ANG) today announces the result of the general meeting of its shareholders held at 9:00am (Mountain Daylight Time) on Thursday, 23 July 2026 (the “General Meeting”). The full text of the resolution proposed at the General Meeting is set out in the notice of General Meeting (the [...]
Comsysto Reply Supports Audi in Evolving Its B2B Used Car Platform With an AI-Based Multi-Agent System July 24, 2026 Comsysto Reply, the Reply Group company specialised in agile software development and cloud-native solutions, has partnered with Audi on the ongoing development of its “Used Car Platform”, the company’s central digital marketplace for B2B used car trading. A tailored multi-agent solution accelerates software development, reduces repetitive activities, and enables faster delivery of new features. This [...]
Sky and ITV mount defence of £1.6bn merger as regulators probe deal July 24, 2026 Sky and ITV will argue their proposed £1.6bn merger controls only around a fifth of Britain’s advertising market as they seek to convince competition regulators to approve one of the biggest media deals in decades, City AM understands. The Competition and Markets Authority (CMA) on Wednesday invited comments on Sky’s planned acquisition of ITV’s Media [...]
OBR misery makes tax rises inevitable July 24, 2026 The OBR’s dire fiscal risks report portrays a world in which the only possible solution to Britain’s economic state is tax rises, says Emmanuel Igwe In ancient Greece, devotees trekked to Delphi to be told in ambiguous prose by the Pythia that chaos was nigh and only sacrifice to Apollo could hold off punishment. These [...]
From Mongolian camels to Tibetan verbs: the absurdity Ed Miliband’s aid spending plans July 24, 2026 Ed Miliband want to increase aid spending to 0.7 per cent of GDP, but the history of aid spending is one of waste, corruption and cost to taxpayers, says James Price Last year, a 23-year-old in Ulaanbaatar proposed to his girlfriend. There was a helicopter ride, an expensive ring, and designer handbags, all lovingly documented [...]