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Motor racing-Mayer set to stand against Ben Sulayem for FIA presidency
SILVERSTONE, England, July 3 (Reuters) - Mohammed Ben Sulayem will face a challenge to his bid for re-election as president of the FIA, motorsport's world governing body, after a rival candidate emerged on Thursday.The BBC reported American Tim Mayer, a former Formula One steward and son of form...Reuters
Thu, Jul 3
EXPLAINER-Will the EU delay enforcing its AI Act?
Parts of EU's AI Act due to come into force on August 2Publication of key guidance document has been delayedSome companies, politicians call for delayBy Supantha Mukherjee STOCKHOLM, July 3 (Reuters) - With less than a month to go before parts of the European Union's AI Act come into forc...Reuters
Thu, Jul 3
EU ready for trade agreement with US, but preparing for possibility of no deal
AARHUS, Denmark, July 3 (Reuters) - The European Union is ready for a trade accord with the United States, European Commission President Ursula von der Leyen told reporters on Thursday, but she added that leaders were still preparing for the possibility that no deal was reached."We are ready for...Reuters
Thu, Jul 3
Alibaba looking to raise $1.53 billion through exchangeable bonds for cloud, commerce push
July 3 (Reuters) - Chinese tech giant Alibaba Group 9988.HK said on Thursday it is seeking to raise around HK$12 billion ($1.53 billion) through exchangeable bonds to boost investments in cloud infrastructure and global commerce operations.The bonds link to Alibaba Health Technology 0241.HK, the gro...Reuters
Thu, Jul 3
Insurance industry laments loss of TPLF tax, applauds 199a, as 'Big Beautiful Bill' progresses in House
By Isha MaratheJuly 2 - (The Insurer) - Insurance trade organizations were dealt some wins as the 199a deduction survived the Senate's final approval, and some losses as the third-party litigation financing (TPLF) tax did not, while the budget reconciliation package move towards a final vote in...Reuters
Thu, Jul 3
Netcapital Announces Up To $9.9 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules
July 3 (Reuters) - Netcapital Inc NCPL.O:NETCAPITAL ANNOUNCES UP TO $9.9 MILLION REGISTERED DIRECT OFFERING PRICED AT-THE-MARKET UNDER NASDAQ RULESNETCAPITAL INC - GROSS PROCEEDS EXPECTED TO BE ABOUT $5 MILLIONNETCAPITAL INC - PROCEEDS TO BE USED FOR REPAYMENT OF PROMISSORY NOTES AND WORKING CAPITALReuters
Thu, Jul 3
Immunoprecise Validates Lensai Epitope Mapping Platform Across Broad Range Of Unseen Therapeutic Targets Beyond Training Data
Immunoprecise Antibodies Ltd IPA.O:IMMUNOPRECISE VALIDATES LENSAI EPITOPE MAPPING PLATFORM ACROSS BROAD RANGE OF UNSEEN THERAPEUTIC TARGETS BEYOND TRAINING DATAReuters
Thu, Jul 3
Starboard Value Lp Reports 9.0% Stake In Tripadvisor Inc As Of June 26 -SEC Filing
Tripadvisor Inc TRIP.O:STARBOARD VALUE LP REPORTS 9.0% STAKE IN TRIPADVISOR INC AS OF JUNE 26 -SEC FILINGSTARBOARD VALUE LP - PURCHASED TRIPADVISOR SHARES BASED ON BELIEF THAT SHARES, WHEN PURCHASED, WERE UNDERVALUEDSTARBOARD VALUE LP: INTEND TO ENGAGE WITH TRIPADVISOR MANAGEMENT AND BOARD REGARD...Reuters
Thu, Jul 3
Shift4 Payments Inc - Revolving Credit Facility Increased To $550 Million - SEC Filing
Shift4 Payments Inc FOUR.N:SHIFT4 PAYMENTS INC - REVOLVING CREDIT FACILITY INCREASED TO $550 MILLION - SEC FILINGSHIFT4 PAYMENTS INC - NEW $1 BILLION SENIOR SECURED TERM LOAN FACILITY ESTABLISHED - SEC FILINGSource text: [ID:n0001193125-25-155254]Reuters
Thu, Jul 3
CORRECTED-Ambani's Reliance to spin off India consumer goods business into new unit
MUMBAI, July 3 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries RELI.NS said it will spin off its consumer goods unit into a new entity to allow the fast-growing business to attract investors beyond those backing its retail unit.Reliance's consumer business includes brands ...Reuters
Thu, Jul 3
MAAS Announces A Private Placement Of Class A Ordinary Shares And Warrants
July 3 (Reuters) - Maase Inc MAAS.O:MAAS ANNOUNCES A PRIVATE PLACEMENT OF CLASS A ORDINARY SHARES AND WARRANTSMAASE INC: HAS AGREED TO ISSUE AND SELL AGGREGATE OF 10 MILLION CLASS A ORDINARY SHARES, PAR VALUE US$0.09 PER SHAREReuters
Thu, Jul 3
Code of practice to help companies with AI rules may come end 2025, EU says
BRUSSELS, July 3 (Reuters) - Key guidance to help thousands of companies comply with the European Union's landmark artificial intelligence rules may come at the end of the year, the European Commission said on Thursday, marking a six-month delay."On the AI Act's GPAI rules, the European ...Reuters
Thu, Jul 3
Ukraine signs drone production agreement with U.S. company, Zelenskiy says
KYIV, July 3 (Reuters) - Ukraine has a signed an agreement with American company Swift Beat to produce hundreds of thousands of drones this year, President Volodymyr Zelenskiy said on Thursday."Interceptors for destroying enemy drones and missiles, quadcopters for reconnaissance and fire adjustm...Reuters
Thu, Jul 3
Krispy Kreme Appoints Raphael Duvivier As Chief Financial Officer
July 3 (Reuters) - Krispy Kreme Inc DNUT.O:KRISPY KREME APPOINTS RAPHAEL DUVIVIER AS CHIEF FINANCIAL OFFICERKRISPY KREME APPOINTS RAPHAEL DUVIVIER AS CHIEF FINANCIAL OFFICERKRISPY KREME INC - JEREMIAH ASHUKIAN LEAVES KRISPY KREME AS CFOReuters
Thu, Jul 3
