GM buys Israel-based software startup to detect early battery defects
(Reuters) – General Motors said on Friday it had acquired Algolion Ltd, an Israel-based software startup that helps detect problems…
Business
Cyanide maker Draslovka mulls equity raise to drive new mining technology
By Jan Lopatka PRAGUE (Reuters) – Cyanide maker Draslovka is considering an equity fundraising worth hundreds of millions of dollars…
US consumer spending hits speed bump; inflation picture mixed
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending fizzled in May as households cut back on purchases of new…
European shares crawl higher in Q2
By Amruta Khandekar, Matteo Allievi and Bansari Mayur Kamdar (Reuters) – European shares rose on Friday as lacklustre data on…
Ferragamo’s CFO Alessandro Corsi resigns
MILAN (Reuters) – Italian luxury group Salvatore Ferragamo said on Friday that its Chief Financial Officer Alessandro Corsi would resign…
US Supreme Court to decide legality of SEC in-house enforcement
By Andrew Chung (Reuters) – The U.S. Supreme Court on Friday agreed to hear a bid by President Joe Biden’s…
Canadian firms’ inflation expectations remain high as labor pressures ease
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) – Canadian businesses still see inflation running high before edging down slowly,…
Venezuela pursues debt settlement with Crystallex, Conoco, bondholders
By Marianna Parraga HOUSTON (Reuters) – Negotiators representing Venezuela have held settlement talks with bondholders and creditors owed billions of…
UK regulator may refer Adobe’s $20 billion Figma deal to deeper probe
(Reuters) -Britain’s competition regulator said on Friday that Photoshop owner Adobe’s $20 billion buyout of cloud-based designer platform Figma may…
As the Libor era ends, market participants hope for ‘crickets’
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The last rates based on the tarnished London Interbank Offer…