Category Archives:
Inflection AI raises $1.3 billion in funding from Microsoft, others
(Reuters) - Artificial intelligence startup Inflection AI said on Thursday it had raised $1.3 billion in funding from a clutch of investors including Microsoft and Bill Gates. The funding comes less t...
Jun 29, 2023
Alkermes beats back board room challenge from Sarissa Capital Management, all directors re-elected – sources
By Svea Herbst-Bayliss NEW YORK (Reuters) - Shareholders in Alkermes have re-elected all of the biotechnology company's directors, according to two sources familiar with the matter on Thursday, dealin...
Jun 29, 2023
Volkswagen’s Audi to replace CEO Duesmann with Gernot Doellner
FRANKFURT (Reuters) - Volkswagen's Audi division will replace current CEO Markus Duesmann on Sept. 1, with Volkswagen strategy chief Gernot Doellner to take over, the carmaker said on Thursday. (Repor...
Jun 29, 2023
US pending home sales fall to five-month low in May
WASHINGTON (Reuters) - Contracts to buy U.S. previously owned homes fell more than expected in May, dropping to the lowest level in five months as a chronic shortage of houses on the market weighed on...
Jun 29, 2023
Polestar to adopt Tesla’s supercharger network in the US, Canada
(Reuters) - Swedish electric vehicle (EV) maker Polestar said on Thursday it has signed an agreement with Tesla to adopt the EV maker's Supercharger network in the United States and Canada. Starting 2...
Jun 29, 2023
China’s eastern Hangzhou city signs comprehensive strategic agreement with Alibaba
BEIJING/HONG KONG (Reuters) - China's eastern Hangzhou city has signed a comprehensive strategic cooperation agreement with the e-commerce giant Alibaba Group Holding, according to a city government s...
Jun 29, 2023
Lebanon economic crisis worsened by vested interests, IMF says
By Maya Gebeily BEIRUT (Reuters) - Lebanon's financial crisis has been compounded by the lack of policy action and vested interests that prompted resistance to reforms, the International Monetary Fund...
Jun 29, 2023
Authentic Brands raises $500 million in funding from General Atlantic
(Reuters) -Authentic Brands Group has raised $500 million from its existing investor General Atlantic, bringing the private equity firm's investment in the apparel chain operator to nearly $2 billion....
Jun 29, 2023
Biotech firm Tevogen Bio enters $1.2 billion SPAC deal for US listing
(Reuters) - Biotech firm Tevogen Bio will go public in the United States through a blank-check merger that values the combined entity at about $1.2 billion, the companies said on Thursday. The deal wi...
Jun 29, 2023
China’s debt relief to poor countries slows amid continuing appeals for support
By Joe Cash BEIJING (Reuters) - The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group showed, with Angola alone receiving two thirds of deferrals de...
Jun 29, 2023
Peoria, IL, USA
42 °F Overcast
