US House Panel Seeks Briefing on FAA Blue Origin Probe
On Thursday, the chair of a subcommittee handling space issues and a Republican asked the Federal Aviation Administration (FAA) for a briefing on the inquiry...
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Space Company Intuitive Machines to Go Public via SPAC at $1 Billion Valuation
On Friday, the space company Intuitive Machines announced it would go public via a SPAC (Special purpose acquisition companies), in a deal that values the...
Shopify Introduces New Compensation System to Attract Talent
On Friday, Shopify (NYSE:SHOP) Inc said it had introduced a new compensation scheme allowing the staff greater flexibility in restructuring their awards between equity and...
Key Rate in Russia Lowered to 7.5%
According to analysts’ predictions, Russia’s central bank reduced its benchmark interest rate by 50 basis points to 7.5 per cent on Friday while warning of...
Renault and Stellantis Halt Spanish Assembly Lines as Chip Shortage Continues
On Friday, carmakers Renault and Stellantis said that they would partly halt their Spanish plants in the coming weeks as the lack of microchips persists....
Aluminium Futures Average Daily Volumes Surged in Q3, CME Says
On Friday, futures exchange operator CME Group Inc (NASDAQ: CME) stated that average daily volumes in aluminium futures had risen 359 per cent in the...
Italy Government Brings $14 Billion Aid Package Against Inflation
On Friday, Italy approved an aid package worth some 14 billion euros (USD 14 billion) to shield companies and families from rising energy costs and...
Invesco Raises $5.4 billion in China Investments; Flags Economic Risks
US-based Invesco’s Chinese joint venture withstood a volatile first half and attracted USD 5.4 billion from local investors. However, the country’s persistent zero-COVID policy poses...
To Resolve Refinery Crisis, Germany Seizes Rosneft’s Oil Assets from Russia
The Russian oil company Rosneft’s local activities will be taken over by the German government, further dividing the two nations due to Russia’s invasion of...
HDFC Bank Shares Fell 2.5%
On Friday, HDFC Bank shares are trading near the day’s low amid a broad-based selloff in the overall market. Today, the majority of banking stocks...