Switzerland speeds up work on liquidity backstop after Credit Suisse crash

(Reuters) – The Swiss government on Thursday moved to speed up work on extending a public liquidity backstop Credit Suisse…

Stellantis invests in US start-up Lyten to develop lithium-sulfur batteries

(Reuters) – Stellantis has invested in Lyten to help the U.S. startup develop applications for lithium-sulfur EV batteries, lightweight composites…

Medtronic forecasts annual profit below estimates

(Reuters) – Medtronic Plc on Thursday forecast annual profit below Wall Street estimates, as the medical device maker expects stronger…

Euro slips as Germany enters recession, dollar hits 2-month peak

(Reuters) – The euro dropped on Thursday as Europe’s largest economy Germany was confirmed to be in a recession, while…

Royal Bank of Canada, CIBC report fall in earnings on higher provisions

(Reuters) – Royal Bank of Canada and CIBC reported a drop in second-quarter profit on Thursday, as tough economic conditions…

Blockchain.com CEO says US default would hit crypto initially

(Reuters) – A U.S. government default would trigger an initial pull-back from crypto currencies followed by a “push upward” the…

Embraer backs jet engine maker Pratt & Whitney

(Reuters) – Brazil’s Embraer voiced “full support” for Pratt & Whitney as it battles durability problems on its latest jet…

Generali confirms strategic targets, Q1 net income rises sharply

Generali (BIT:GASI) (OTC:ARZGY) confirmed its strategic targets after reporting growth numbers in the first quarter. After starting positively, the stock…

Thailand air force says U.S. has denied request to buy F-35 jets

(Reuters) – The United States has declined to sell its F-35 stealth fighter jets to Thailand over issues with training…

China rejects claim it is spying on Western critical infrastructure

(Reuters) – The Chinese government has rejected claims that its spies are penetrating Western infrastructure, calling the joint warning issued…