Category Archives:
Electric vehicle maker Polestar lowers production guidance, cuts jobs
STOCKHOLM (Reuters) - Swedish electric vehicle (EV) maker Polestar said on Thursday it had lowered its 2023 production guidance and would cut headcount by 10%, citing a delayed production start for it...
May 11, 2023
Bank of England raises rates to 4.5% and sees slow inflation fall
By David Milliken and Andy Bruce LONDON (Reuters) -The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday, taking borrowing costs to their highest sinc...
May 11, 2023
Analysis-Liftoff: Modi’s space push for India counts on private players
By Nivedita Bhattacharjee BENGALURU (Reuters) - Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold ...
May 11, 2023
WeightWatchers slides as top holder Artal Group exits
(Reuters) - Shares of WW International Inc, also known as WeightWatchers, slumped more than 12% before the bell on Thursday after the weight-loss program operator said its top shareholder Artal Group ...
May 11, 2023
PacWest says has $15 billion of immediately available liquidity
(Reuters) - PacWest Bancorp has $15 billion of immediately available liquidity and enough resources to fund its cash flow needs over the next 12 months, it said on Thursday, but shares were down 7% in...
May 11, 2023
Tapestry lifts profit forecast on higher prices, Coach bag demand
(Reuters) -Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its Coach handbags would help cushion a slowdown in luxury purchases in the Un...
May 11, 2023
Slump in China bank loans, prices raise more worries about recovery, adds pressure on central bank
By Qiaoyi Li and Kevin Yao BEIJING (Reuters) -New Chinese bank loans tumbled far more sharply than expected in April, adding to worries that the economy's post-pandemic recovery is losing steam and pu...
May 11, 2023
Exclusive-Pakistan point-of-sale payments slump nearly 50% after protest violence
By Ariba Shahid KARACHI, Pakistan (Reuters) - Point-of-sale transactions routed through Pakistan's main digital payments system fell by nearly 50% the day after former Prime Minister Imran Khan's arre...
May 11, 2023
In Houston, homelessness volunteers are in a stand-off with city authorities
By Evan Garcia HOUSTON, Texas (Reuters) - In Houston, Texas, a nonprofit group has been in a stand-off with local authorities over their feeding of homeless people in front of the city's library. The ...
May 11, 2023
Republicans ready tough border control bill for U.S. House passage
By Richard Cowan WASHINGTON (Reuters) - The U.S. House of Representatives is poised to pass on Thursday Republican legislation intended to stop immigrants and illegal drugs crossing the nation's south...
May 11, 2023
Peoria, IL, USA
63 °F Overcast
