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Tcab Tech Secures B+ Round Funding
March 27 (Reuters) - TCAB TECH SECURES B+ ROUND FUNDING TO ACCELERATE COMMERCIALIZATION OF E20 EVTOL IN LOW-ALTITUDE ECONOMYTCAB TECH - TO DATE, TCAB TECH HAS RAISED AROUND $100 MILLION IN TOTAL FUNDINGTCAB TECH - ROUND WAS CO-LED BY GRAND NEO BAY VENTURE CAPITAL AND CHIFORTURNE VENTURE CAPITALFurth...Reuters
Thu, Mar 27
Other
US embassy in Chad curbs issuance of most nonimmigrant visas
N'DJAMENA, March 27 (Reuters) - The U.S. embassy in Chad has suspended the issuance of most nonimmigrant visas for 90 days, the State Department said on Thursday, in the first known international travel restrictions of President Donald Trump's second term. Chad is one of more than 40 countr...Reuters
Thu, Mar 27
Stocks
Kyndryl shares slump after Gotham City alleges it manipulated metrics
March 27 (Reuters) - Shares of Kyndryl KD.N fell more than 11% on Thursday, after a research report from short-seller Gotham City alleged the IT services provider has manipulated certain financial metrics. Gotham City said Kyndryl manipulated its reported adjusted EBITDA and adjusted free cash flow ...Reuters
Thu, Mar 27
Other
Epic hires Vault's Enelow as executive managing principal, client engagement
By Isha MaratheMarch 27 - (The Insurer) - San Francisco-based Epic Insurance Brokers and Consultants has appointed James Enelow, former chief growth officer at Vault, as its executive managing principal, client engagement. Enelow has over 30 years of experience leading client services teams across ...Reuters
Thu, Mar 27
Other
US senators blast FAA for failing to act earlier on helicopters near airplanes
WASHINGTON, March 27 (Reuters) - U.S. senators on Thursday criticized the Federal Aviation Administration for failing to act for years to address helicopters in "dangerous proximity" to commercial airplanes near Reagan Washington National Airport."Why did the FAA not act on 15,000 report...Reuters
Thu, Mar 27
Other
MTN, Lynk make Africa's first satellite voice call using smartphone
JOHANNESBURG, March 27 (Reuters) - The South African unit of MTN Group and American low-earth orbit (LEO) satellite provider Lynk Global said on Thursday they had made Africa's first phone call via satellite, a potential solution to providing coverage in underserviced and rural areas.Mobile oper...Reuters
Thu, Mar 27
Economic Indicator
Ryanair CEO says rise in 2025 fares won't offset 2024 drop
BRUSSELS, March 27 (Reuters) - Ryanair RYA.I expects ticket prices to rise by 4-6% this year, only partially recovering from the 8% decline last year, group CEO Michael O'Leary told Reuters on Thursday. "We're operating on the basis this year that pricing will rise by between four and si...Reuters
Thu, Mar 27
Cryptocurrencies
NYSE owner ICE teams up with Circle to integrate USDC stablecoin
Intercontinental Exchange, the company that owns the New York Stock Exchange, has partnered with Circle to start integrating the USDC stablecoin and tokenized money market funds into its platforms. The announcement came Thursday through a joint statement from both firms, confirming the signing of a memorandum of understanding to explore the use of USDC across […]Cryptopolitan
Thu, Mar 27
Other
Volkswagen says U.S. tariffs bad for growth and prosperity
BERLIN, March 27 (Reuters) - Germany's Volkswagen said on Thursday that U.S. tariffs and any counter-tariffs would have negative consequences for growth and prosperity in the U.S. and other economic areas."The entire automotive industry, global supply chains and companies as well as customer...Reuters
Thu, Mar 27
Other
S&P Global: US P&C insurers top $1 trillion in direct annual premiums for first time
By Isha MaratheMarch 27 - (The Insurer) - U.S.-domiciled property and casualty direct premiums written increased by 8% in 2024 from the prior year, coming in at $1.05 trillion, the highest in the history of the industry, an S&P Global Market Intelligence analysis of annual regulatory statements...Reuters
Thu, Mar 27
Economic Indicator
ANALYSIS-Trump auto tariffs take aim at a pillar of Asian economies - and national pride
Tariffs could severely impact Japan and South Korea's auto industriesSouth Korean Industry Minister promises measures to minimize tariff impactJapanese PM considers all options to address U.S. tariff announcementBy Hyunjoo Jin and Kantaro Komiya SEOUL/TOKYO, March 27 (Reuters) - For Japan an...Reuters
Thu, Mar 27
Other
Walmart Mexico to invest $6 bln in 2025
MEXICO CITY, March 27 (Reuters) - Walmart's Mexico unit WALMEX.MX said on Thursday it would invest more than $6 billion in the country this year, around triple its planned spending from the year before. The funds will go toward opening new stores and to continue construction on two distributi...Reuters
Thu, Mar 27
Other
Trump's auto tariffs will hit many companies, but Elon Musk's Tesla less so
By Akash Sriram and Arsheeya Bajwa March 27 (Reuters) - As the global auto world reeled from the potential fallout of Donald Trump's new auto tariffs, one name stood out as less affected than others - electric-vehicle maker Tesla TSLA.O.The Texas-based company's shares were the rare autom...Reuters
Thu, Mar 27
Forex
FOREX-Dollar mixed, Mexican peso and Canadian dollar drop on auto tariffs
Euro rebounds after hitting three-week low Mexican peso, Canadian dollar fall on auto tariffsInvestor focus on next week's reciprocal duties By Karen Brettell NEW YORK, March 27 (Reuters) - The dollar was mixed on Thursday as traders mulled how severe tariffs scheduled to be revealed by U.S. ...Reuters
Thu, Mar 27
Stocks
O'Reilly Automotive, AutoZone rise after Trump's planned auto tariffs
** Shares of auto parts retailers O'Reilly Automotive ORLY.O and AutoZone AZO.N rise and are among top S&P 500 .SPX performers on Thurs after Trump's latest tariffs salvo** ORLY stock up 3%, and AZO shares up 2.7%; peer Advance Auto Parts AAP.N up nearly 6%** U.S. President Donald Trump ...Reuters
Thu, Mar 27
Stocks
Wolfspeed falls after it names Robert Feurle as CEO
** Shares of chipmaker Wolfspeed WOLF.N down 4% at $5.62** The company names chip industry veteran Robert Feurle as its CEO effective May 1** Feurle will succeed Thomas Werner, who will return to his role as chairman** In November, the company ousted top boss Gregg Lowe, without cause** Up to last c...Reuters
Thu, Mar 27
Other
SiriusPoint provides capacity for Balance Partners' new excess construction liability program
By Mia MacGregorMarch 27 - (The Insurer) - SiriusPoint has partnered with North American MGU Balance Partners as a capacity provider for its new excess construction liability program, Vertical.The program underwrites lead and following excess layers of up to $5 million, covering New York-based trade...Reuters
Thu, Mar 27
