MUMBAI, June 25 (Reuters) – The proportion of workers who expect to switch employers in the next 12 months is higher than that from the “Great Resignation” period of 2022, a PwC survey of the global workforce found. Around 28% of more than 56,000 workers surveyed by PwC said they were “very or extremely likely” … Read more
CHICAGO, June 24 (Reuters) – U.S. cancer diagnostic test maker Grail, which will list its shares on the Nasdaq on Tuesday after being spun out of Illumina, is betting that commercial partnerships with health systems, employers and life insurance companies of its flagship cancer-detection test will power its near-term growth as an independent company. The … Read more
WASHINGTON (AP) — The Supreme Court agreed on Monday to consider reviving a critical approval for a railroad project that would carry crude oil and boost fossil fuel production in rural eastern Utah. The justices will review an appeals court ruling that overturned the approval issued by the Surface Transportation Board for the Uinta Basin … Read more
The revisions would walk back key parts of the landmark proposal — including one that might have had a large effect on big banks with sizable trading businesses, said the people, who asked not to be identified discussing details that aren’t public. The Fed document doesn’t include an updated estimate on how much additional capital … Read more
(New throughout, adds comments from CEO and head of planemaking, industry sources, background, details from Canada and from Reuters reporter in Toulouse) PARIS, June 24 (Reuters) – Airbus on Monday lowered its 2024 total delivery target to around 770 airplanes from around 800 and pushed back a targeted deadline for reaching production of 75 narrow-body … Read more
Unlike the western markets where green technologies often come at a premium, India offers a green discount, creating an economic incentive that is hard to ignore, a top executive at LeapFrog Investments, a private equity firm looking to deploy $500 million in green solutions in Asia and Africa, told Mint. This green discount, as opposed … Read more
(Bloomberg) — Paladin Energy Ltd.’s C$1.14 billion ($833 million) offer to buy Canadian mining firm Fission Uranium Corp. is all about geography. The all-stock deal will give Australia’s Paladin operational control of one of the most advanced mining projects in western Canada’s Athabasca Basin, a remote area in Saskatchewan that’s loaded with high-grade uranium. Fission’s … Read more
(Bloomberg) — Airbus SE cut its earnings and aircraft-delivery goal for the year because persistent supply-chain issues are depriving the European planemaker of vital components, dealing a setback to the company at a time when demand for its aircraft is at a record. The company now expects to hand over 770 aircraft this year, down … Read more
The European Commission said the US company must allow app developers to steer users to cheaper deals and offers outside of the App Store, in order to comply with the bloc’s landmark Digital Markets Act, which lays out a raft of dos and don’ts for some of the world’s largest technology platforms. At the same … Read more
Factory retooling to save 35% in material cost for vans * CEO sees similar savings for R1 SUVs and pickups * CEO highlights improved manufacturing efficiency * Cost cuts to calm investor nerves – analyst (Adds TV is available) By Abhirup Roy NORMAL, Illinois, June 24 (Reuters) – Electric-vehicle maker Rivian’s drive to cut costs … Read more
(Bloomberg) — Riot Platforms Inc. has called for a special meeting of shareholders at Bitfarms Ltd. to vote on three new board nominees as it seeks to take over the rival Bitcoin miner. Riot, which has built a nearly 15% stake in Bitfarms, made an unsolicited, $950 million offer to buy the company last month, … Read more
Jashvik Capital has invested in Bengaluru-based Futura Surgicare which sells medical products, according to a statement from both firms on Monday. The fund has made a $25 million investment in the medtech firm and expects to invest more to fund future acquisitions, according to a person familiar with the deal. The capital will be used … Read more