US Inflation Slows to 4.9% in April, But Core Prices Remain High

According to data released by the Bureau of Labor Statistics on Wednesday, the annual rate of inflation in the US stood at 4.9% in April, lower than consensus expectations of…

NNR May 10, 2023

Wire

Allkem and Livent announce $10.6bn merger to create world’s 3rd-largest lithium producer

Allkem Ltd and Livent Corp have announced that they will merge in an all-stock deal worth $10.6 billion, creating the world's third-largest producer of lithium, the metal used to make…

NNR May 10, 2023

Wire

Microsoft signs deal to purchase electricity from nuclear fusion startup Helion Energy

On Wednesday, Microsoft announced that it has entered into a power purchase agreement with nuclear fusion startup Helion Energy. Under the agreement, Microsoft will buy electricity from Helion in 2028.…

NNR May 10, 2023

Wire

Go Airlines (India) granted bankruptcy protection, complicating lessors’ repossession efforts

India's low-cost carrier, Go Airlines (India) Ltd, which recently rebranded as Go First, has been granted bankruptcy protection by an Indian tribunal. The move allows the country's fourth-largest carrier to…

NNR May 10, 2023

Wire

Uber launches flight bookings on its UK app, expanding beyond ride-booking business

Ride-hailing giant Uber is expanding its services once again by adding international and domestic flight bookings on its UK app. According to a report by the Financial Times, the move…

NNR May 10, 2023

Wire

Tempur Sealy to acquire Mattress Firm in $4 billion deal

Tempur Sealy International, a leading U.S. bedding maker, has announced plans to acquire retailer Mattress Firm in a cash-and-stock deal worth around $4 billion. The acquisition is aimed at stemming…

NNR May 10, 2023

Wire

Blockworks Raises $12mn to expand crypto media and research offerings amidst industry turmoil

Blockworks, a media company that covers cryptocurrency for professionals, has raised $12 million in funding at a post-money valuation of $135 million, according to its co-founder Jason Yanowitz. The round…

NNR May 9, 2023

Wire

Carrefour announces plans to open 50 stores in Israel as part of franchise partnership

French retailer Carrefour has unveiled plans to open 50 stores in Israel as part of a franchise partnership with Electra Consumer Products and its subsidiary Yenot Bitan. The stores will…

NNR May 9, 2023

Wire

Bittrex Crypto Exchange Files for Chapter 11 Bankruptcy Protection Following SEC Lawsuit

Bittrex, a popular crypto trading exchange, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware. This move comes three weeks after the…

NNR May 9, 2023

Wire

Ryanair Orders 150 Boeing 737 Max 10 Planes After Resolving Pricing Dispute

Ryanair has announced its intention to purchase at least 150 Boeing 737 Max 10 planes, with an option to purchase an additional 150 planes, in what is the airline's largest-ever order.

NNR May 9, 2023

Wire

Bank of Canada seeks public input on digital currency plan

The Bank of Canada (BoC) is asking Canadians for their views on how a digital version of the national currency could look and function, as part of its research on…

NNR May 8, 2023