Alphabet’s Waymo raises $2.5 bln in first fresh funding in a year
June 16 (Reuters) – Alphabet Inc’s (GOOGL.O) self-driving unit Waymo said on Wednesday it raised $2.5 billion in its first fresh funding round in a year, after a string of defections of executives rekindled concerns about the technology struggling to scale up.
Fed gives money funds relief with short-term rate adjustments
June 16 (Reuters) – The Federal Reserve on Wednesday gave relief to money market investors that have been struggling to find high-quality short-term assets by raising two key short-term rates.
EXCLUSIVE Fusion SPAC aims to beat London rush with new blank-check firm -sources
LONDON, June 16 (Reuters) – Fusion Acquisition Chief Executive John James is in talks to launch a new blank-check company which could soon file for a London listing with the aim of becoming the first to take advantage of a new British SPAC regime, sources told Reuters.
Stocks slide, yields jump as Fed projects earlier rate hikes
LONDON, June 16 (Reuters) – Markets were jostled Wednesday after U.S. Federal Reserve officials projected interest rate hikes sooner than expected, with stocks sliding and the dollar jumping on the news.
Quoting Irish poet, Biden ends EU trade war in renewal of transatlantic ties
U.S. President Joe Biden ended one front in a Trump-era trade war when he met European Union leaders on Tuesday by agreeing a truce in a transatlantic dispute over aircraft subsidies that has dragged on for 17 years.
Britain’s biggest investor drops AIG, others from some funds over climate
Legal & General Investment Management, Britain’s biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their “insufficient” response to the challenge of climate change, including U.S. insurer AIG (AIG.N).
Soccer clubs embrace cryptocurrency, but fans are divided
A growing number of major soccer clubs are launching digital coins that allow fans to vote on a variety of minor decisions as the sport faces slumping revenues caused by the coronavirus pandemic.
eCom Scotland’s investments in digital skills professionals pay off
In the light of growing demand for its products and services – taking its current turnover beyond pre-pandemic levels – the digital learning and assessment specialist, eCom Scotland is continuing growing its investment in skilled digital skills professionals.
UK sees record jump in employee numbers in May
The number of employees on British company payrolls surged by a record amount in May as COVID restrictions eased and pubs and restaurants resumed indoor service, though it still remains more than half a million below its pre-pandemic peak.
H&M’s sales surge as restrictions ease, still below pre-pandemic levels
H&M’s (HMb.ST) sales jumped from March to May compared to a year earlier as pandemic restrictions eased in many markets and online demand stayed strong but revenue was still well below 2019 levels.
