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Search resuls for: "Alistair Macdonald"


11 mentions found


☆ Ships Linked to Russia’s Biggest Grain Exporter Moved Stolen Ukrainian Cargo
  + stars: | 2022-12-01 | by ( Jared Malsin | Anna Hirtenstein | Alistair Macdonald | ) www.wsj.com   time to read: 1 min
Vessels linked to Russia’s largest grain trader shipped thousands of tons of stolen Ukrainian grain to global buyers, using a sophisticated system of feeder vessels and floating cranes, according to an investigation by The Wall Street Journal. The ships are linked either through their management or ownership to companies controlled by Russian businessman Peter Khodykin , who in turn owns RIF Trading House LLC, the country’s largest grain exporter and a big player in global grain markets, according to corporate and legal documents reviewed by the Journal.
☆ U.K. Orders Chinese-Owned Company to Unwind Chip-Factory Deal
  + stars: | 2022-11-17 | by ( Alistair Macdonald | ) www.wsj.com   time to read: 1 min
Newport Wafer sits in the middle of the semiconductor supply chain that transforms logs of silicon into circular wafers that eventually get cut into chips. The U.K. government said a Chinese-owned company must unwind its acquisition of a British computer-chip factory more than a year after the takeover was completed, saying the deal posed a risk to national security. In a decision published late Wednesday, the U.K. ordered Nexperia BV—a Dutch subsidiary of China’s Wingtech Technology Co.—to sell at least 86% of Newport Wafer Fab , a manufacturing facility in Wales.
☆ Glencore to Pay $320 Million to Resolve U.K. Bribery Charges
  + stars: | 2022-11-03 | by ( Alistair Macdonald | ) www.wsj.com   time to read: 1 min
Lisa Osofsky, wearing a scarf, and her team from the U.K.’s Serious Fraud Office outside the court in London. LONDON— Glencore PLC, the commodities giant, said it would pay a penalty and costs of 281 million pounds, equivalent to about $320 million, after pleading guilty to British charges of bribing officials in West Africa for preferential access to crude oil. The penalty, imposed by a U.K. judge Thursday, is part of a wide-ranging bribery investigation by authorities in Britain, the U.S. and elsewhere that has hung over the global mining and trading business for years.
☆ Grain Ships Keep Sailing From Ukraine Despite Russia’s Deal Suspension
  + stars: | 2022-10-31 | by ( Jared Malsin | Alistair Macdonald | ) www.wsj.com   time to read: 1 min
ISTANBUL—The price of wheat and corn rose early Monday even as ships carrying grain left Ukraine’s ports despite Russia saying it would suspend its participation in an agreement that has allowed Ukrainian grain exports for months. The price of wheat was up by 5.7% and corn by more than 2.5% in early morning trade.
☆ Tesla Talked to Glencore About Buying Stake in the Miner
  + stars: | 2022-10-31 | by ( Alistair Macdonald | ) www.wsj.com   time to read: 1 min
Tesla is a big customer of Glencore, which owns a mine in Ravensworth, Australia. Tesla Inc. held early-stage talks with Glencore PLC last year about buying a stake in the commodities giant, according to a person familiar with the matter. The electric vehicle maker’s interest came as manufacturers across the West look to secure supplies of so-called future-facing metals that are used in batteries and the renewable energy industry.
☆ U.N., Turkey Race to Save Ukraine Grain Deal
  + stars: | 2022-10-30 | by ( Jared Malsin | Alistair Macdonald | ) www.wsj.com   time to read: 1 min
Cargo ships carrying grain from Ukraine waited for inspection off the coast of Turkey last week. ISTANBUL—The United Nations and Turkey on Sunday scrambled to rescue an agreement that allowed Ukraine to ship grain via the Black Sea, a day after Russia suspended the deal in a move that threatens global food prices and puts pressure on Ukraine’s allies. U.N. Secretary-General António Guterres was working Sunday to end the Russian suspension, a U.N. spokesman said, and the Turkish defense ministry said it was in talks with Russia to rescue the agreement. No ships will leave Ukraine while the Russian suspension is in effect, the ministry said.
☆ U.K. Prime Minister Rishi Sunak’s Wealth Is Targeted by Critics
  + stars: | 2022-10-27 | by ( Alistair Macdonald | ) www.wsj.com   time to read: 1 min
LONDON— Rishi Sunak , one of Britain’s richest-ever prime ministers, is under pressure over his personal wealth, which opposition politicians say leaves him out of touch with a population strained by high inflation and bracing for spending cuts and a likely recession. His family wealth—estimated at 730 million pounds, equivalent to $846 million, by the Sunday Times Rich list—and tax position was highlighted in Parliament on Wednesday. One Labour Party lawmaker said the average nurse in the state-run National Health Service would have to work 20,000 years to accumulate the same riches.
☆ Ukraine’s Grain Exports Recover to Near Prewar Levels
  + stars: | 2022-10-19 | by ( Alistair Macdonald | ) www.wsj.com   time to read: 1 min
Ukraine said its exports of agricultural products have recovered to around prewar levels, a revival that has helped ease pressure on global food prices and offers a bright spot in Kyiv’s fight against Russia. However, analysts say the rise in exports, which were hit hard by the war, hides continued hurdles for Ukraine’s globally important agricultural industry. The country relies on shipping grain out of the Black Sea, a route dependent on cooperation with Russia. Farmers, meanwhile, have planted fewer crops this year, and Russia still controls a large slice of Ukrainian farmland.
☆ BAE, U.S. in Talks to Restart M777 Howitzer Production After Ukraine Success
  + stars: | 2022-10-10 | by ( Alistair Macdonald | Daniel Michaels | ) www.wsj.com   time to read: 1 min
Several countries have been impressed with the M777 howitzer’s performance in the war in Ukraine. British arms maker BAE Systems PLC said it was considering restarting production of the M777 howitzer, as the big gun’s performance on Ukrainian battlefields revives interest in the weapon. BAE said several countries had expressed an interest in buying M777s, production of which is currently being wound down. The inquiries come after Ukrainian forces have been using the artillery piece to deadly effect against Russian troops in recent months.
☆ Food & Services News
  + stars: | 2022-09-12 | by ( Alistair Macdonald | Karolina Jeznach | Rachel Wolfe | ) www.wsj.com   time to read: 1 min
TechThe grocery-delivery company is one of the few companies in Silicon Valley moving toward a public listing in what may be one of the slowest years for IPOs in decades.
☆ Inside the Gray Market Keeping Cisco Tech in Stock in Russia
  + stars: | 2022-06-21 | by ( Alistair Macdonald | Kate Vtorygina | ) www.wsj.com   time to read: 1 min
Weeks after Moscow invaded Ukraine, tech giant Cisco Systems Inc. stopped all sales of its hardware into Russia, and Washington issued a series of broad sanctions against the country, including restricting the sale of Cisco equipment. As the war approaches its first anniversary, that same gear is still easy to find at a range of retailers in Moscow. It is being supplied by a network of third-party vendors in places like Turkey and Asia that have sprung up without Cisco’s authorization and are largely out of reach of American enforcement.
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