By Blake Brittain (Reuters) – Alphabet’s Google on Friday sued a Los Angeles man and his companies in San Jose, California federal court, claiming he created hundreds of fake business listings on its platforms and sold them to real businesses to lure in unsuspecting customers. Fake reviews have been a recurring problem on internet commerce …
New Google lawsuit aims to curb fake business reviews Read More »
By Nia Williams (Reuters) -Oil prices fell on Monday as questions over China’s economy outweighed OPEC+ output cuts and the seventh straight drop in the number of oil and gas rigs operating in the United States. Brent crude settled down 48 cents, or 0.6%, to $76.13 a barrel while U.S. West Texas Intermediate (WTI) crude …
Oil falls on uncertainty about Chinese economic growth Read More »
MEXICO CITY (Reuters) – Mexico’s headline inflation likely reached its lowest level in more than two years during the first half of June, but remained above the central bank’s target, a Reuters poll showed on Monday, reinforcing bets the bank will keep the key rate steady longer. The median forecast of 11 analysts sees annual …
Mexican inflation seen at lowest level in more than two years-Reuters poll Read More »
OTTAWA (Reuters) – Canada is investing C$350 million ($265 million) to help fund efforts to make the aerospace industry more environmentally sustainable, Innovation Minister Francois-Philippe Champagne said on Monday. The focus will be on hybrid and alternative propulsion, aircraft systems, the transition to alternative fuels, and aircraft support infrastructure, he said in a statement. “(This) …
Canada investing C$350 million to boost drive for sustainable aerospace industry Read More »
By Kylie Madry (Reuters) – Costs of the first phase of construction at American Lithium’s Falchani lithium mine in Peru likely have risen some 20% from an original estimate to $700 million, the chief executive of the firm said in an interview. “If you think about the post-COVID world and inflationary pressures, that bill (of …
Costs at American Lithium’s Peru project up to $700 million, CEO says Read More »
By Gabriel Araujo SAO PAULO (Reuters) – Electric aircraft maker Eve and Blade Air Mobility are expanding their partnership to integrate Eve’s upcoming flying car into Blade’s European route network, starting with France, the companies said on Monday. The deal follows similar agreements between the firms, which are currently participating in the Paris Airshow, to …
Eve, Blade to expand ‘flying car’ partnership to Europe Read More »
By Tim Hepher, Allison Lampert and Kylie Madry PARIS/MEXICO CITY (Reuters) – Airbus is in advanced talks over a major new order from Mexican ultra-low-cost carrier Viva Aerobus, industry sources said on Sunday. The number of new narrowbody planes being discussed ran into triple digits, meaning at least 100, the sources added, declining to go …
(Reuters) – SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division, SVB Securities, to a group led by Jeff Leerink and backed by funds managed by The Baupost Group. The bidder group led by Leerink, who is chief executive of SVB Securities, will acquire the investment …
SVB agrees to sell its investment banking division Read More »
By Lewis Krauskopf, Saqib Iqbal Ahmed and David Randall NEW YORK (Reuters) -A few months ago, most investors feared having too much exposure to equities. Now many are worried they may not have enough. The 15% year-to-date rally in the S&P 500 is pulling once doubtful investors back into the market. Many who had whittled …
Investor skepticism turns to optimism as U.S. stock rally rolls on Read More »
(Reuters) -Margins at Boeing’s defense unit will look similar in the second quarter to its first-quarter results, Boeing Defense CEO Ted Colbert said Sunday. Margins at its defense unit were negative in the first quarter as Boeing recorded a $245 million pre-tax charge on the KC-46 tanker program. Colbert declined to say whether Boeing would …
Boeing defense margins to remain flat in second quarter Read More »
