December 5, 2023
Australian electric vehicle charger maker Tritium is burning through cash with its debt increasing and has been forced to close its Brisbane factory. Analysts say Tritium desperately needs to raise capital within the next 100 days to prevent it from taking more drastic measures. The required capital could be as high as US$50 million, posing
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Shares of One 97 Communications, which operates Paytm, fell over 5% to the day’s low of Rs 877.15 on the NSE on Friday following reports of a block deal. The price correction was amid high volumes with over 1.78 crore shares changing hands at around 9:45 am. The block deal saw shares worth Rs 1,441
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Shares of Honasa Consumer Ltd, the parent company of skincare brand Mamaearth, were trading almost 5% down on Friday, well below the price of Rs 324 per share at which it was offered during the company’s initial public offering. At 11.02 IST, the company’s shares were trading at Rs 287.45 on the National Stock Exchange
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COPENHAGEN, Nov 3, 2023 (AFP) – Danish shipping giant Maersk said Friday it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates. Maersk’s net profit nosedived to $521 million between July and September against $8.9 billion a year earlier. “Our industry is
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Yves here. The Fed has insulated banks from the Treasury carnage by continuing to allow them to fund seriously underwater Treasury holdings at below-market rates. From a Brookings description: The Bank Term Funding Program (BTFP) is a lender of last resort facility. It was created in March 2023, after the failures of Silicon Valley Bank
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A bus filled with tourists in Venice careened through an overpass guardrail, crashed near train tracks and exploded on Tuesday evening, killing at least 21 people on board and wounding more than a dozen more. “It’s an apocalyptic scene,” Mayor Luigi Brugnaro of Venice told reporters. He also declared a day of mourning. The crash
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HONG KONG: Shares in Chinese property giant Evergrande plunged by around 25 percent as markets opened in Hong Kong on Monday, following the arrest of several of the debt-ridden company’s employees in China. GOING DOWN A woman walks by a map showing Evergrande development projects in China, as she heads to an Evergrande city plaza
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No Monday extensions for three key running backs attracted the attention of the whole position. Saquon Barkley, Josh Jacobs and Tony Pollard were unable to reach long-term agreements with their teams before Monday’s deadline, so they had to make the decision to either hold out or play under franchise tag. So, several veteran quarterbacks reportedly
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Boluarte’s government has little to no democratic legitimacy, is widely rejected by the public, and is under investigation for numerous human rights violations. With about 1,000 US troops now stationed in the country, it faces a third massive march on Lima. Peru’s social movements and trade unions are organizing a third mass demonstration in the
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View of the Regeneron Pharmaceuticals headquarters in Tarrytown, New York. Lev Radin | Light rocket | Getty Images Stock Regeneron fell almost 9% on Tuesday after the U.S. Food and Drug Administration refused to approve a higher dose version of the company’s popular eye treatment. The company was seeking approval for an 8-milligram dose of
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