The sale of the controlling stake in Associated British Ports has attracted initial interest from potential bidders including KKR & Co. as well as BlackRock Inc. ’s Global Infrastructure Partners , according to people familiar with the matter. Brookfield Asset Management Ltd. and Dubai-based port operator DP World Ltd. are also planning to study the asset, the people said, asking not to be identif...
The sale of the controlling stake in Associated British Ports has attracted initial interest from potential bidders including KKR & Co. as well as BlackRock Inc. ’s Global Infrastructure Partners , according to people familiar with the matter. Brookfield Asset Management Ltd. and Dubai-based port operator DP World Ltd. are also planning to study the asset, the people said, asking not to be identified as the information is private. Canada Pension Plan Investment Board and Omers Administration Corp. are looking to sell their combined 64% stake in AB Ports, seeking about £10 billion ($13.2 billion) in a deal, the people said. Considerations are ongoing and there’s no guarantee a transaction will take place, the people said. Representatives for Brookfield, CPPIB, GIP, KKR and Omers declined to comment, while DP World didn’t respond to requests for comment. AB Ports is the largest port operator in the UK with 21 facilities in England, Scotland and Wales, handling about 25% of the country’s seaborne trade, its website shows. CPPIB owns a 33.9% stake in AB Ports, while Omers holds 30%, according to the latest financial statement . The rest is held by Singpaore’s GIC Pte, Hermes Infrastructure and Wren House, a direct infrastructure investment arm of the Kuwait Investment Authority. DP World already operates two deepwater ports and freight rail terminals at London Gateway and Southampton with about 5,500 employees in the UK, according to its website .
Kuomintang Chairwoman Cheng Li-wun leads a delegation to pay respects at the Sun Yat-sen Mausoleum on the morning of April 8. Photo: Xing Guangli/Xinhua The leader of Taiwan’s main opposition party called for an end to cross-strait hostility during a historic visit to the Chinese mainland on April 8, marking the first tour by a sitting Kuomintang chairwoman in nearly a decade. Leading a delegation...
Kuomintang Chairwoman Cheng Li-wun leads a delegation to pay respects at the Sun Yat-sen Mausoleum on the morning of April 8. Photo: Xing Guangli/Xinhua The leader of Taiwan’s main opposition party called for an end to cross-strait hostility during a historic visit to the Chinese mainland on April 8, marking the first tour by a sitting Kuomintang chairwoman in nearly a decade. Leading a delegation across the strait, Kuomintang Chairwoman Cheng Li-wun paid her respects at the Sun Yat-sen Mausoleum in Nanjing on Wednesday morning before delivering a speech. Her delegation flew from Taipei to Shanghai’s Hongqiao Airport around noon on Tuesday before transferring to Nanjing.
tang90246 Apple ( AAPL ) has agreed to a three-year exclusive supply deal with Samsung Display for foldable OLED panels for its planned foldable iPhone, as other suppliers are currently unable to meet its requirements, a media report said on Wednesday. Samsung Display proposed the exclusivity arrangement, the report said, noting Apple typically works with multiple suppliers to reduce dependence an...
tang90246 Apple ( AAPL ) has agreed to a three-year exclusive supply deal with Samsung Display for foldable OLED panels for its planned foldable iPhone, as other suppliers are currently unable to meet its requirements, a media report said on Wednesday. Samsung Display proposed the exclusivity arrangement, the report said, noting Apple typically works with multiple suppliers to reduce dependence and costs but has limited alternatives. BOE’s foldable panels, including those used by Huawei, are considered inadequate, while LG Display does not yet produce foldable smartphone screens. The exclusivity could prevent Apple from sourcing such displays from other suppliers until around 2029 or 2030, although capabilities at rival firms could evolve over time, the report added. Samsung Display is expected to benefit from the deal, which may help justify supplying components to a competitor in the smartphone market. Manufacturing tests for the foldable iPhone, also referred to in reports as the “iPhone Fold” or “iPhone Ultra”, are said to be underway. Apple is targeting shipments of about 3 million units by the end of 2026, based on Samsung Display’s planned panel output, indicating a cautious production ramp compared with earlier expectations of 8 million to 10 million units. The device is expected to start at about $2,325, nearly double the base price of Apple’s current top-end iPhone 17 Pro Max, the report said. More on EPR Properties: AI And Streaming Fears Overblown While Diversifying Away From Theaters Caterpillar: AI-Driven Power Demand And Strong Backlog Support Continued Upside Cameco: An Expensive Must Have Apple in focus as Wedbush calls long lead times for Mac mini, Mac Studio a 'victory' American Ocean Minerals, Odyssey Marine to merge in $1 billion deal
tang90246 Apple ( AAPL ) has agreed to a three-year exclusive supply deal with Samsung Display for foldable OLED panels for its planned foldable iPhone, as other suppliers are currently unable to meet its requirements, a media report said on Wednesday. Samsung Display proposed the exclusivity arrangement, the report said, noting Apple typically works with multiple suppliers to reduce dependence an...
tang90246 Apple ( AAPL ) has agreed to a three-year exclusive supply deal with Samsung Display for foldable OLED panels for its planned foldable iPhone, as other suppliers are currently unable to meet its requirements, a media report said on Wednesday. Samsung Display proposed the exclusivity arrangement, the report said, noting Apple typically works with multiple suppliers to reduce dependence and costs but has limited alternatives. BOE’s foldable panels, including those used by Huawei, are considered inadequate, while LG Display does not yet produce foldable smartphone screens. The exclusivity could prevent Apple from sourcing such displays from other suppliers until around 2029 or 2030, although capabilities at rival firms could evolve over time, the report added. Samsung Display is expected to benefit from the deal, which may help justify supplying components to a competitor in the smartphone market. Manufacturing tests for the foldable iPhone, also referred to in reports as the “iPhone Fold” or “iPhone Ultra”, are said to be underway. Apple is targeting shipments of about 3 million units by the end of 2026, based on Samsung Display’s planned panel output, indicating a cautious production ramp compared with earlier expectations of 8 million to 10 million units. The device is expected to start at about $2,325, nearly double the base price of Apple’s current top-end iPhone 17 Pro Max, the report said. More on EPR Properties: AI And Streaming Fears Overblown While Diversifying Away From Theaters Caterpillar: AI-Driven Power Demand And Strong Backlog Support Continued Upside Cameco: An Expensive Must Have Apple in focus as Wedbush calls long lead times for Mac mini, Mac Studio a 'victory' American Ocean Minerals, Odyssey Marine to merge in $1 billion deal
World leaders cautiously welcomed a two-week ceasefire between Iran and the US — but a lasting agreement faces significant obstacles Joumanna Bercetche explains. (Source: Bloomberg)
World leaders cautiously welcomed a two-week ceasefire between Iran and the US — but a lasting agreement faces significant obstacles Joumanna Bercetche explains. (Source: Bloomberg)
President Donald Trump on Wednesday declared a 50% tariff on all imports from any country found to be supplying military hardware to Iran. "A Country supplying Military Weapons to Iran will be immediately tariffed, on any and all goods sold to the United States of America, 50%, effective immediately. There will be no exclusions or exemptions!," he said in a TruthSocial post. The U.S. and Iran agre...
President Donald Trump on Wednesday declared a 50% tariff on all imports from any country found to be supplying military hardware to Iran. "A Country supplying Military Weapons to Iran will be immediately tariffed, on any and all goods sold to the United States of America, 50%, effective immediately. There will be no exclusions or exemptions!," he said in a TruthSocial post. The U.S. and Iran agreed to a two-week ceasefire just hours before Donald Trump’s deadline for escalation, with Tehran agreeing to temporarily reopen the Strait of Hormuz. Israel also agreed to the ceasefire, the White House said. Meanwhile, Tehran presented a 10-point proposal now emerging as the central framework for negotiations. More on markets, EPR Properties: AI And Streaming Fears Overblown While Diversifying Away From Theaters Caterpillar: AI-Driven Power Demand And Strong Backlog Support Continued Upside Cameco: An Expensive Must Have OR Royalties delivers record Q1 preliminary revenue of $102.8M and $12.9M in share buybacks NANO Nuclear advances proposal for uranium production plant in Argentina
The U.S. reached a last-minute ceasefire with Iran just before Trump's deadline for the country to meet his demands. And, Trump-backed Clay Fuller wins the U.S. House race in Georgia. (Image credit: Atta Kenare)
The U.S. reached a last-minute ceasefire with Iran just before Trump's deadline for the country to meet his demands. And, Trump-backed Clay Fuller wins the U.S. House race in Georgia. (Image credit: Atta Kenare)