Electric vehicle maker Lucid bursts into Saudi PIF report to buy remaining stake

Electric vehicle maker Lucid bursts into Saudi PIF report to buy remaining stake

Jan 27 (Reuters) – Shares of Lucid Group (LCID.O) jumped 43% on Friday, trimming gains after doubling down on market speculation that Saudi Arabia’s Public Investment Fund (PIF) wanted buy the electric vehicle manufacturer. The speculation stemmed from an “uncooked” alert attributed to deals website Betaville, using its term for market gossip. Lucid was the … Read more

Intel’s ‘Historic Collapse’ Triggers Chip Stock Sell-Off

Intel’s ‘Historic Collapse’ Triggers Chip Stock Sell-Off

Jan 27 (Reuters) – Five of the biggest U.S. chipmakers were due to wipe out nearly $15 billion in market value on Friday after Intel Corp hit Wall Street with dismal earnings forecasts, stoking fears of a collapse in the personal computer market. The company predicted a surprise first-quarter loss and its revenue forecast was … Read more

Israel hits Gaza as conflict erupts after West Bank clashes

Israel hits Gaza as conflict erupts after West Bank clashes

Rockets from Gaza have raised alarm in Israeli communities Cross-border gunfire followed an Israeli raid in the West Bank Israeli raid kills at least nine Palestinians Violence has increased in the West Bank over the past year JERUSALEM/GAZA, Jan 27 (Reuters) – Israeli fighter jets struck Gaza on Friday night in retaliation for two rockets … Read more

Archaeologist may hail ‘oldest’ mummy ever found in Egypt

Archaeologist may hail ‘oldest’ mummy ever found in Egypt

CAIRO, Jan 26 (Reuters) – Egyptologists have discovered a pharaonic tomb near the capital, Cairo, containing what may be the oldest and “most complete” mummy ever discovered in the country, the head of the excavation team. The 4,300-year-old mummy was found at the bottom of a 15-meter shaft in a newly discovered cluster of Fifth … Read more

Indian Adani begins record sell-off in shares as short seller triggers $44bn rout

Indian Adani begins record sell-off in shares as short seller triggers bn rout

MUMBAI, Jan 27 (Reuters) – Shares of Indian firm Adani Enterprises (ADEL.NS) fell 15% on Friday as a scathing report from a U.S. short seller sparked a rout at the conglomerate’s listed companies , casting doubts on how investors will react to the company’s record $2.45 billion secondary sale. Seven listed companies in the Adani … Read more

US CDC still investigating potential stroke risk from Pfizer’s bivalent COVID vaccine

US CDC still investigating potential stroke risk from Pfizer’s bivalent COVID vaccine

Jan 26 (Reuters) – New data from a U.S. Centers for Disease Control and Prevention (CDC) database shows a possible link to stroke risk for older people who have been updated Pfizer’s (PFE.N)/BioNTech’s (22UAy.DE) COVID-19 recall, but the signal is weaker than what the agency reported earlier in January, health officials said Thursday. U.S. Food … Read more

Explainer: Who is behind Hindenburg, the company bypassing Adani?

Explainer: Who is behind Hindenburg, the company bypassing Adani?

NEW YORK, Jan 25 (Reuters) – Short seller Hindenburg Research disclosed short positions in India’s Adani Group on Wednesday, citing in a report possible stock manipulation and accounting fraud. The allegations sent bonds and stocks of the conglomerate companies plummeting. Hindenburg has a history of finding corporate wrongdoing and placing bets against companies. WHAT IS … Read more

Explanation: Why is Turkey blocking Sweden and Finland from joining NATO?

Explanation: Why is Turkey blocking Sweden and Finland from joining NATO?

STOCKHOLM, Jan 25 (Reuters) – Swedish and Finnish hopes of early NATO membership have hit a snag in the form of objections from Turkey, which holds a veto over membership. military alliance. The three nations reached an agreement on how to proceed in Madrid last June, but Turkish President Tayyip Erdogan has said Sweden, in … Read more

Thousands gather for ‘Invasion Day’ protests on Australia’s public holiday

Thousands gather for ‘Invasion Day’ protests on Australia’s public holiday

SYDNEY, Jan 26 (Reuters) – Thousands of Australians marked the country’s National Day celebrations on Thursday with rallies in support of Indigenous people, many of which mark the anniversary of the day a British fleet sailed into port of Sydney as “the day of the invasion”. In Sydney, the capital of New South Wales – … Read more

Strong US economic growth expected in the fourth quarter, darkening outlook

Strong US economic growth expected in the fourth quarter, darkening outlook

GDP is expected to increase by 2.6% in the fourth quarter Strong consumer spending observed; other sectors to contribute Weekly jobless claims expected to rise moderately WASHINGTON, Jan 26 (Reuters) – The U.S. economy likely maintained a healthy pace of growth in the fourth quarter as consumers increased their spending on goods, but momentum appears … Read more