The Einride EV freight truck charging station in Lynwood, California, built by Voltera and located close to the Ports of Los Angeles and Long Beach.EinrideAutonomous EV freight trucking company Einride is planning to go public on the New York Stock Exchange through a SPAC deal with Legato Merger Corp. III, a blank check company, valuing it at $1.8 billion.The deal is expected to raise $219 million in gross proceeds, with up to an additional $100 million in PIPE capital from institutional investors, with Einride to begin trading during the first half of 2026.In announcing its plans, the Stockholm, Sweden-based company…
Author: usaeverydaylife
Britain’s Prime Minister Keir Starmer attends a Service of Remembrance to commemorate the 80th Anniversary of VJ Day at The National Memorial Arboretum on August 15, 2025 in Alrewas, Staffordshire. Anthony Devlin | Getty Images Entertainment | Getty ImagesU.K. Prime Minister Keir Starmer is looking increasingly vulnerable this week amid mounting speculation that he could face a leadership challenge after the Autumn Budget later in November.Economists expect Starmer’s right-hand in the Treasury, Chancellor Rachel Reeves, will be forced to break Labour Party manifesto pledges not to raise taxes on workers when she unveils her fiscal plans in the budget on…
A man pushes a trolley inside a supermarket in Mumbai, India, on September 7, 2025. (Photo by Indranil Aditya/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesIndia’s consumer inflation cooled to 0.25% in October, strengthening hopes of more policy easing by the Reserve Bank of India.The headline inflation number was below estimates of a 0.48% rise, according to a Reuters poll of economists, and easing more than the 1.54% recorded in September.In October, the central bank revised its inflation forecast to 2.6% from 3.1% for the fiscal year ending March 2026, but kept its key policy rate unchanged at 5.This…
Signage at Google headquarters in Mountain View, California, US, on Thursday, Oct. 23, 2025. Benjamin Fanjoy | Bloomberg | Getty ImagesGoogle filed a lawsuit on Wednesday against a foreign cybercriminal group behind a massive SMS phishing, or “smishing,” operation.Dubbed by some cyber researchers as the “Smishing Triad,” the organization, which Google said is largely based out of China, uses a phishing-as-a-service kit named “Lighthouse” to create and deploy attacks using fraudulent texts.The crime group has amassed over a million victims across 120 countries, Google said in a release.”They were preying on users’ trust in reputable brands such as E-ZPass, the…
Logo of Swiss shoemaker On is displayed in a shop in Zurich, Switzerland, Aug. 28, 2025. Denis Balibouse | ReutersOn raised its full-year guidance for the third quarter in a row on Wednesday after the Swiss sportswear company posted another three months of double-digit growth, bucking a slowdown in the sneaker market. The company, known for its innovative approach to running shoes, is now expecting fiscal 2025 sales to reach 2.98 billion francs ($3.72 billion), up from its previous guidance of 2.91 billion francs, on a reported basis. On a constant currency basis, the company anticipates sales will grow 34% from…
US President Donald Trump (L), backdropped by Turbines at the European Offshore Wind Deployment Centre, also known as the Aberdeen Bay Wind Farm, walks on the first fairway after playing off the first tee to officially open the Trump International Golf Links course in Balmedie, Aberdeenshire, north east Scotland on July 29, 2025. Brendan Smialowski | Afp | Getty ImagesTwo European pioneers of the modern wind power industry are sounding the alarm on the Trump administration’s clean energy cutbacks, warning Washington’s anti-climate agenda is part of a broader energy transition challenge.Denmark’s Henrik Stiesdal and Britain’s Andrew Garrad, often referred to…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here.The big storyCultural shifts are subtle yet fundamental for any company aiming to succeed beyond its home market.When I visited Chinese electric car company Xpeng’s new headquarters in Guangzhou last week, what stood out wasn’t just how shiny it was compared to the building I’d visited last year, but the fluency of its global mindset, down to the small details like accurate English translations in signs and presentations. It went beyond the cursory “innovation”…
President Donald Trump over the weekend slipped a missive into a Truth Social post that may well change the way many consumers buy a home—but experts are not sold on the idea. On Nov. 8, the President announced the proposal in a post titled “Great American Presidents,” which included the words “50-year mortgage” above a photo of himself and “30-year mortgage” over a photo of President Franklin D. Roosevelt. In response, the head of the Federal Housing Finance Agency, Bill Pulte, said the agency would consider the matter, calling the President’s tacit proposal a “complete game changer” for affordability. A 50-year mortgage…
Richard Nuttal from Philippine Airlines also talks about fleet expansion and supply chain issues, as well as how the carrier navigates weather disruptions, given typhoons and storms in the region. Source link
Private equity firms are facing a new reality: a growing crop of companies that can neither thrive nor die, lingering in portfolios like the undead. These so-called “zombie companies” refer to businesses that aren’t growing, barely generate enough cash to service debt and are unable to attract buyers even at a discount. They are usually trapped on a fund’s balance sheet beyond its expected holding period. “Now, as interest rates were rising, people felt they were stuck with businesses that were slightly worthless, but they couldn’t really sell them … So you are in this awful situation where people throw around…
