EV maker Lucid to raise $3 billion, mainly from Saudi’s PIF
By Akriti Sharma and Abhirup Roy (Reuters) – Lucid Group said it plans to raise about $3 billion through a…
Economy
IKEA stores owner Ingka buys warehouse software firm Made4Net
LONDON (Reuters) – The largest owner of IKEA stores has acquired supply chain software firm Made4Net as the Swedish furniture…
Russia to hold rates next week, 2023 GDP growth seen improving – Reuters poll
By Alexander Marrow and Elena Fabrichnaya (Reuters) – Russia will hold its key lending rate at 7.5% next week, a…
C3.ai shares slump as revenue forecast fails to live up to AI hype
By Medha Singh (Reuters) -Shares of C3.ai Inc dropped nearly 20% in early trade on Thursday after the AI software…
Chewy gets its bark back with foray into Canada, forecast raise
By Vansh Agarwal (Reuters) -Shares of Chewy Inc surged 27% in early trading on Thursday after the pet products e-retailer…
Salesforce shares drop on slowest revenue growth in more than 10 years
By Samrhitha A (Reuters) – Salesforce Inc fell about 7% on Thursday after reporting quarterly revenue that increased at its…
Canadian factory activity slips back into contraction in May
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity slowed in May as high inflation and inventory cutting held back…
Ukraine wants ‘clear’ decision on NATO future at July summit – Zelenskiy
(Reuters) – Ukrainian President Volodymyr Zelenskiy said on Thursday Kyiv wanted to receive a “clear” decision on its future in…
Exclusive-JPMorgan to close 21 First Republic Bank branches
By Nupur Anand NEW YORK (Reuters) – JPMorgan Chase & Co will shut 21 branches of First Republic Bank by…
Pakistan posts record inflation for second consecutive month
ISLAMABAD (Reuters) – Pakistan’s annual inflation rate rose to 37.97% in May, the statistics bureau said on Thursday, setting a…