By Krystal Hu (Reuters) – Specialized cloud provider CoreWeave has raised $2.3 billion in a debt facility led by Magnetar Capital and Blackstone and collateralized by Nvidia chips, with the funds to be used to expand to meet rising AI workload, the company said on Thursday. Other lenders in the facility include Coatue and DigitalBridge,…
OTTAWA (Reuters) – Forest fires in Canada this year have released 290 million tonnes of carbon, doubling a previous annual record, and emissions are set to rise as hundreds of flames remain active across the country, according to the EU’s Copernicus Atmospheric Monitoring Service. The estimated Canadian fires emissions account for over 25% of the…
By David Milliken, Andy Bruce and Suban Abdulla LONDON (Reuters) – The Bank of England raised its key interest rate by a quarter of a percentage point to a 15-year peak of 5.25% on Thursday, its 14th back-to-back increase, and warned that borrowing costs were likely to stay high for some time. While the U.S….
By Thando Hlophe JOHANNESBURG (Reuters) – Bongumusa Manana, a 19-year-old deaf student who studies in a township in Johannesburg, sees South Africa’s move to recognise sign as an official language as a huge breakthrough that will help him to get to university and make his “dreams come true”. President Cyril Ramaphosa signed legislation into law…
By Helen Reid LONDON (Reuters) – Adidas delivered further signs that its turnaround is gathering pace on Thursday as the sportswear giant seeks to shift focus onto its strategy and away from its sell-down of remaining Yeezy shoes. Adidas shares have gained 40% since the start of the year as investors bet on CEO Bjorn…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose slightly last week, while layoffs dropped to an 11-month low in July as labor market conditions remain tight. The labor market has largely weathered 525 basis points in interest rate hikes from the Federal Reserve since March 2022,…
By Anthony Deutsch and Stephanie van den Berg THE HAGUE (Reuters) – Russian air strikes this week hit silos and shipping terminals for Ukrainian grain, potentially violating international law, which forbids attacks on resources essential to the civilian population. Drone attacks wrecked buildings in the port of Izmail and prevented ships on the Danube River…
MEXICO CITY (Reuters) -A body was found stuck in a barrier of buoys installed by Texas authorities in the Rio Grande river, which straddles the U.S.-Mexico border, Mexico’s foreign ministry said on Wednesday while expressing fresh safety concerns over the floating fence. Authorities are working to identify the body found in the river and determine…
By Valerie Insinna (Reuters) – Spirit AeroSystems shares continued their downward spiral on Thursday, dropping another 4% a day after the aerospace manufacturer disclosed major costs associated with a recent strike and new labor agreement. Shares plunged 27% on Wednesday as executives detailed a laundry list of problems. The manufacturer of major components for all…
LONDON (Reuters) – NatWest Markets cut its forecast for the peak in Bank of England interest rates to 5.5% after the BoE’s announcement of a latest rate hike and new guidance on Thursday, down from 6% it previously forecast. “We are revising our Bank Rate forecast and now look for just one more 25bp hike…
