Author Archives: Syndicated Content
Lordstown Motors shares surge after it sells assets to Foxconn
(Reuters) - Shares of Lordstown Motors shares surged over 23% in trading before the bell on Thursday after the electric vehicle startup said it had closed the deal to sell its Ohio facility with Taiwa...
May 12, 2022
Wayflyer to fund rapid growth with $300 million J.P. Morgan debt line
By Padraic Halpin DUBLIN (Reuters) - Irish fintech Wayflyer has secured and begun deploying $300 million in debt financing from J.P. Morgan and now expects to advance up to $2.5 billion to e-commerce ...
May 12, 2022
Putin says West is triggering a global economic crisis
(Reuters) -President Vladimir Putin said on Thursday that the West had triggered a global economic crisis and a wave of ruinous inflation by imposing on Russia the most severe sanctions in recent hist...
May 12, 2022
Chainalysis raises $170 million in 6th funding round with $8.6 billion valuation
NEW YORK (Reuters) - Chainalysis, the New York-based blockchain data platform company, said on Thursday it had raised $170 million of new funding, bringing its valuation to $8.6 billion. The funding r...
May 12, 2022
U.S. retail investors turn bearish and elusive in latest selloff
(Reuters) - Individual U.S. investors are turning bearish and staying away from buying the dip this week, data showed, a sharp reversal from the frenzied trading during the peak of the pandemic. Over ...
May 12, 2022
Inditex in 100 million euro deal to make clothes from recycled fabric
MADRID (Reuters) - Zara owner Inditex has signed an agreement worth more than 100 million euros ($104 million) to buy 30% of the recycled fabric to be produced by Finland's Infinited Fiber Company for...
May 12, 2022
Battery maker Amprius Tech to go public via $939 million SPAC merger
(Reuters) - Battery maker Amprius Technologies Inc is going public by merging with a blank-check firm in a deal that values it at $939 million, the companies said on Thursday. Founded in 2008, Fremont...
May 12, 2022
Exclusive-India tax authority froze $478 million of Xiaomi funds in February-sources, document
By Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) - Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China's Xiaomi Corp in February as part of an inves...
May 12, 2022
UK seeks labour market solutions to ease cost-of-living crisis
LONDON (Reuters) -Britain launched a review into its labour market to find ways to ensure workers benefit from Brexit, "Levelling Up" policies and its net zero ambitions, seeking longer-term solutions...
May 12, 2022
Qatar's emir - those responsible for killing Al Jazeera reporter must be held accountable
CAIRO (Reuters) - Qatari Emir Sheikh Tamim bin Hamad al-Thani said on Thursday that those responsible for killing veteran Al Jazeera reporter Shireen Abu Akleh must be held accountable. His comments w...
May 12, 2022
