By Joanna Plucinska LONDON (Reuters) -Global airline traffic recovered to 68.5% of pre-pandemic levels last year and surged 64.4% from…
Putin approves sale of Mercedes-Benz Russian finance arm
MOSCOW (Reuters) – Russian President Vladimir Putin on Monday approved the sale of Mercedes-Benz’s local financial services division to Russian…
AI startup Cohere in talks to raise funding at $6 billion plus valuation -sources
By Krystal Hu (Reuters) – Cohere, an AI foundation model company that competes with Microsoft-backed OpenAI, is in talks to…
Hedge funds caught in bigger squeeze than 2021 meme stock frenzy – Goldman Sachs note
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) -Hedge funds betting against stocks globally abandoned those trades last week…
Canada’s Ivey PMI rebounds to 8-month high as employment rises
TORONTO (Reuters) – Canadian economic activity expanded in January at the sharpest pace in eight months as employment climbed and…
Faraday Future shares gain on securing funding to start EV production
(Reuters) -Shares of Faraday Future Intelligent Electric Inc rose about 8% to $1.17 on Monday after the company said it…
Ghana debt swap deal ‘good for you’, finance minister tells retirees
By Christian Akorlie ACCRA (Reuters) -Ghana’s finance minister told a group of protesting retiree bondholders on Monday they were being…
Botswana sees 2023 growth of 4%, plans infrastructure drive
By Brian Benza GABORONE (Reuters) – Botswana expects economic growth of 4% this year while targeting medium-term growth of 5.7%,…
India’s Adani crisis spills over into street protests as losses top $110 billion
By Adnan Abidi, M. Sriram and Aditi Shah NEW DELHI (Reuters) – The crisis engulfing the Adani Group intensified on…
EV startup Vinfast to cut U.S. jobs amid restructuring
By Phuong Nguyen (Reuters) -Vietnamese electric vehicle maker VinFast is cutting its workforce in the United States, the company said…