Credit Suisse Group AG is working with banks including Royal Bank of Canada (RBC) and Morgan Stanley on a potential capital increase, should it need to shore up its balance sheet and raise funds for its restructuring, Bloomberg News reported on Tuesday, citing people familiar with the matter. A capital increase through a possible share sale, under the name Project Ghana, could come after the bank’s formal restructuring… Continue reading Credit Suisse working with RBC, Morgan Stanley on capital increase
Category: Tech News
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Swedish private equity firm EQT lines up near-record deals in Japan
Sweden-based private equity firm EQT has a near-record number of Japanese deals in the pipeline despite market turbulence, executives said, helped by the country’s relatively stable financing environment and a flow of corporate shake-ups. EQT’s robust deal-making activity in Japan puts the world’s third-biggest economy in the private equity limelight at a time when higher… Continue reading Swedish private equity firm EQT lines up near-record deals in Japan
Bird exits Germany, Sweden, Norway and ‘several dozen’ US, EMEA markets
Shared micromobility company Bird is exiting several markets across the world as it struggles to build an economically viable business, according to a regulatory filing. Bird said it will “fully exit Germany, Sweden and Norway, as well as wind down operations in “several dozen additional, primarily small to mid-sized markets” across the U.S., Europe, the… Continue reading Bird exits Germany, Sweden, Norway and ‘several dozen’ US, EMEA markets
Rolls-Royce Spectre EV to launch next year with 260-mile range
Rolls-Royce plans to deliver its first EV, the Spectre two-door coupe, to customers late next year as it transitions toward becoming a fully electric brand by 2030. The company estimates that the Spectre will travel up to 260 miles on a fully charged battery, deliver 577 horsepower and zip from 0 to 60 mph in… Continue reading Rolls-Royce Spectre EV to launch next year with 260-mile range
Foxconn pushes deeper into automotive with an electric pickup and crossover
Foxconn, the Taiwanese manufacturing giant that makes Apple’s iPhones, unveiled Tuesday two electric vehicle concepts at its third annual Hon Hai Tech Day as the company tries to diversify its business and take on the automotive market. The two vehicles, a Model V electric pickup truck and Model B electric crossover hatchback, is a message… Continue reading Foxconn pushes deeper into automotive with an electric pickup and crossover
Tesla (TSLA) Q3 2022 preview: Here’s what to expect
Tesla (TSLA) is about to release Q3 2022 financial results on Wednesday, October 19, after the markets close. As usual, a conference call and Q&A with Tesla’s management are scheduled after the results. Here we’ll take a look at what both the street and retail investors are expecting for the quarterly results. Tesla Q3 2022… Continue reading Tesla (TSLA) Q3 2022 preview: Here’s what to expect
Foxconn wants to be for Tesla what it is to Apple
Foxconn, the Taiwan-based manufacturing giant, says that it wants to build electric vehicles for Tesla like it builds iPhones for Apple. At its annual Tech Day today, Foxconn unveiled a new electric pickup truck and a new electric crossover. The manufacturing company has now unveiled a full lineup of electric vehicles that it can produce… Continue reading Foxconn wants to be for Tesla what it is to Apple
Bird is pulling its scooters out of ‘several dozen’ cities, but it won’t say which ones
/ The cash-strapped company also said it was exiting three European countries: Germany, Sweden, and Norway. Shared electric scooters: turns out they’re hard! Bird is shrinking as it seeks to right-size its finances.Photo by Ty O’Neil / SOPA Images / LightRocket via Getty Images Bird is exiting three European countries — Germany, Sweden, and Norway… Continue reading Bird is pulling its scooters out of ‘several dozen’ cities, but it won’t say which ones
Russian Cosmonaut Runs Over Elderly Colleague
He returned to Earth just three weeks ago. Hit or Miss Russian space agency Roscosmos has confirmed that one of its cosmonauts hit an elderly colleague with his car — mere weeks after returning from the International Space Station. Per a Roscosmos statement, cosmonaut Oleg Artemyev “knocked down” a 63-year-old man, who, according to a… Continue reading Russian Cosmonaut Runs Over Elderly Colleague
Radioactive Waste From Manhattan Project Found at Elementary School
Oh no. Atom Bombshell An elementary school in the suburbs of St. Louis had a rude awakening when scientists discovered that the school grounds had “unacceptable” levels of radioactive contamination, according to a recent independent report by the Boston Chemical Data Corporation, a company that specializes in environmental testing. Worst of all, the contamination dates back… Continue reading Radioactive Waste From Manhattan Project Found at Elementary School