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Missile hits cargo ship off Yemen: maritime risk company
A missile hit a Greek-owned cargo ship off Yemen, a maritime risk management company said on Tuesday, following a string of attacks in the Red Sea by the Huthi rebels. On Sunday, US forces shot down a Huthi cruise missile targeting an American destroyer, and on Monday a US-owned cargo ship in the Gulf of Oman was hit by another rebel missile.
Paris Olympic village hit by French real estate downturn
Real estate developers building the athletes' village for this year's Paris Olympics are struggling to find buyers for their apartments once the Games have finished due to a downturn in the French property market.
Shell halts Red Sea shipments over attack fears: report
British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Huthi rebels, according to a media report Tuesday. The oil major's decision comes after Britain's BP said in December that it would suspend transit of oil through the Red Sea.
Sixt to buy up to 250,000 Stellantis cars
German car rental group Sixt said Tuesday it has agreed to buy up to 250,000 cars from automaker Stellantis in a "multi-billion euro" deal that includes electric vehicles. Stellantis groups 14 brands including Peugeot, Alfa Romeo, Chrysler, Fiat, Opel and Jeep.
Volocopter flying taxi seeks to seduce Paris
A German company is seeking to use the exposure generated by the Paris Olympics to overcome the opposition of local politicians and demonstrate that flying taxis can serve the French capital. Volocopter hopes that by being certified in Paris -- which has some of the strictest regulations for over-flights -- it can prove that flying taxis aren't just science fiction gimmicks.
Goldman Sachs Q4 profits jump 58% to $1.9 bn on strong equity trading
Goldman Sachs reported a jump in fourth-quarter profits Tuesday as a surge in revenues for equity trading offset weaknesses in other areas, including merger advising revenues. Goldman Sachs' revenues tied to equity trading surged 26 percent in the quarter, while the banks own holdings in public equities also enjoyed a hefty increase during a heady period for US stocks.
Fujitsu says morally obliged to compensate wronged UK postmasters
Fujitsu has a moral obligation to help compensate UK postmasters wrongly convicted because of a bug in its accounting software, its European director said on Tuesday. Patterson told a parliamentary committee that Fujitsu, which assisted the Post Office in prosecutions using flawed data from the software, had a moral obligation to redress the "travesty".
In Davos, Chinese premier takes aim at trade 'barriers'
Chinese Premier Li Qiang told the world's political and business elites in Davos on Tuesday that "discriminatory" trade barriers were a threat to the global economy -- in a not-so-subtle dig at the United States.
Pharrell headlines opening day of Paris Fashion Week
The shows were barely over in Milan but the fashion crowd had already shifted to Paris on Tuesday, with Pharrell Williams hinting at a cowboy theme for his opening day show for Louis Vuitton. Having already been through Milan, the fashion caravan then decamps for Miami, Copenhagen, New York, London, and then back to Milan and Paris for womenswear shows in February. er/gil
AFP
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