Russia’s defence spending jumped 282% y/y to $26 billion in Jan-Feb -budget data
(Reuters) – Russia spent 2 trillion roubles ($26 billion) on defence in January and February alone, a 282% jump on…
May 15, 2023
Republic First Bancorp to go slow on fundraise, says it has ‘adequate’ capital
(Reuters) -Republic First Bancorp said on Monday it had “adequate” capital and would wait for market conditions to stabilize before…
Microsoft Wins EU Antitrust Approval For Activision Deal Vetoed By UK
By Foo Yun Chee BRUSSELS (Reuters) -Microsoft Corp gained EU antitrust approval for its $69 billion acquisition of Activision on…
New York factory activity slumps in May – NY Fed
WASHINGTON (Reuters) – The New York Federal Reserve said on Monday its barometer of manufacturing activity in New York State…
Exclusive-Nationalised German energy firms pay traders big bonuses after losing billions
By Dmitry Zhdannikov, Marwa Rashad and Christoph Steitz LONDON/FRANKFURT (Reuters) – German energy firms Sefe and Uniper have awarded some…
Exclusive-Kioxia, Western Digital speed up merger talks as memory chip demand slumps -sources
By Maki Shiraki and Makiko Yamazaki TOKYO (Reuters) – Kioxia Holdings Corp and Western Digital Corp are speeding up merger…
Australia’s InvoCare gets higher $1.3 billion offer from TPG, shares jump
By Scott Murdoch and Himanshi Akhand (Reuters) -Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a…
Stellantis Halts Battery Plant Construction Over Dispute With Canada Govt
OTTAWA (Reuters) – Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing…
Robocall company behind ‘billions’ of illegal calls sued by FTC
WASHINGTON (Reuters) – XCast Labs, a company accused of helping make billions of illegal robocalls, was sued on Friday by…
Tesla owners sue over impact of software update on EV batteries
By David Shepardson WASHINGTON (Reuters) – A group of U.S. Tesla Model S and Model X owners filed a proposed…