Virgin Orbit plans to move back deadline for bidders – source
By Joey Roulette (Reuters) – Satellite launch company Virgin Orbit is planning to move back the deadline for prospective bidders…
Economy
China Evergrande ordered to pay $111 million in arbitration against unit, exec
(Reuters) – Property developer China Evergrande Group said on Friday it has received an enforcement notice from the court in…
US Treasury takes middle road on solar panels ‘Made in the USA’
By Nichola Groom and David Lawder (Reuters) -The U.S. Treasury Department on Friday clarified that developers of solar energy projects…
US equity funds see massive outflows on debt ceiling worries
(Reuters) – U.S. equity funds faced huge outflows in the week ended May 10, on caution over the U.S. debt…
Thyssenkrupp workers urge Berlin to move quickly on steel subsidies
By Tom Käckenhoff DUESSELDORF (Reuters) -Thyssenkrupp has urged Berlin to move quickly to approve hundreds of millions in subsidies for…
IMF keeps 2023 Philippines growth forecast, but cites inflation risk
MANILA (Reuters) – The International Monetary Fund (IMF) kept its economic growth forecast for the Philippines this year at 6.0%,…
Netflix plans to cut spending by $300 million this year – WSJ
(Reuters) – Netflix Inc plans to cut its spending by $300 million this year, the Wall Street Journal reported on…
India’s April retail inflation eases to 18-month low on softer food price
By Aftab Ahmed NEW DELHI (Reuters) – India’s annual retail inflation eased to 18-month low in April, staying well below…
Spanish PM will ask Biden to listen to China, Brazil on Ukraine
(This May 11 story has been corrected to remove reference to more weight in paragraph 1) By Belén Carreño MADRID…
US consumer sentiment drops to six-month low in May
WASHINGTON (Reuters) – U.S. consumer sentiment slumped to a six-month low in May as a standoff to raise the federal…