Intel to Sell 20% of IMS to Bain at $4.3 Billion Valuation
Intel Corp. agreed to sell a roughly 20% stake in IMS Nanofabrication GmbH to Bain Capital in a deal that values the company at $4.3 billion.
Bloomberg Business
EU Backs Fresh Russia Sanctions to Crack Down on Circumvention
European Union member states backed a fresh package of sanctions targeting Russia for its invasion of Ukraine, including measures aimed at countering sanctions circumvention and individual listings.
Israel’s Private Lunar Mission Faces Shutdown as Donors Drop Out
Israel’s private space program could be forced to shut down its flagship lunar mission in the coming weeks after its main donors abandoned the project, its co-founder told Bloomberg on Wednesday.
Venezuela’s Ban on Crypto Mining Is Ruining the Industry It Once Embraced
Venezuela’s temporary ban on mining cryptocurrencies within the country is effectively killing the industry President Nicolás Maduro worked hard to promote.
Airbus, Boeing Won the Orders. Now They Have to Build the Planes
Airbus SE reigned supreme at the Paris Air show this week, kicking off with a mammoth 500-plane order from low-cost carrier Indigo. Now all it has to do is find enough workers to build them.
Canadian Consumers Keep on Spending Despite Rate Hikes
Canadian consumers showed little sign of slowing down, with stronger-than-expected spending at the beginning of the second quarter seen holding firm in May.
Only the Fed Can Stop 1999-Like Tech Rally, Wells Fargo’s Harvey Says
The powerful rally in technology stocks isn’t going to stop until the Federal Reserve gets more aggressive and breaks the economy, according to Wells Fargo’s Chris Harvey.
German Buyout of Biggest Power Grid Stalls as Officials Haggle
Germany’s acquisition of its largest power grid from Dutch state-owned TenneT Holding BV will be delayed until after the summer as government officials hammer out a deal.
EV Battery-Swapping Could Help Solve the US Charging Problem
San Francisco’s Ample lets drivers get a fully charged electric car battery in minutes, while sparing cities the expense of installing fast charging stations.
Mackenzie Investments Cuts Jobs, Including Senior Management, in Shakeup by New CEO
Mackenzie Investments has cut about 50 jobs, including senior executive roles, as part of a restructuring by new Chief Executive Officer Luke Gould, people familiar with the matter said.
