Goldman Sachs Group Inc. and other investors are working to secure a bridge loan to assist Northvolt AB, a struggling battery manufacturer, by seeking shares in the company’s Canadian subsidiary as collateral. The investment bank is at the forefront of this initiative, having requested the Quebec government’s financial agency, Investissement…...

Steve Schwarzman, the CEO of Blackstone Inc., recently expressed optimism about the U.S. economy’s resilience ahead of the forthcoming presidential election, suggesting that the risk of recession remains low. In a Tokyo interview, Schwarzman stated that both major candidates offer policy proposals likely to stimulate economic growth. He highlighted that…...

In Richard Murphy’s examination of the differing roles and impacts of small and large enterprises, he presents a critical distinction that extends beyond mere size. Small businesses thrive because they fulfill specific customer needs and maintain strong community ties, whereas large businesses often create artificial markets and leverage debt to…...

In El Jobo, Panama, a team from the Panama Canal Authority, led by Ana María Antonio, ventured down the Indio River on a wooden boat to gather insights from local villagers impacted by the proposed damming of the river. This plan arises from a necessity to secure water for the…...

In a recent report, Volvo Cars, a Sweden-based automaker primarily owned by China’s Geely, announced notable financial developments for the third quarter of the year. The company recorded an increase in operating profit, showcasing its resilience amid challenging market dynamics. Specifically, Volvo Cars reported an operating profit of 5.8 billion…...

The intersection of artificial intelligence (AI) and synthetic biology marks a significant shift in the realm of biotechnology, offering exciting opportunities while also unearthing potential risks. The democratization of genetic engineering through AI technologies creates an accessible platform for a wider audience, allowing the creation of novel organisms that might…...

Horizon Robotics, a Chinese technology firm specializing in autonomous driving systems, successfully launched its initial public offering (IPO) in Hong Kong, raising a substantial $696 million. Notable investors such as Baillie Gifford & Co., Norway’s $1.7 trillion sovereign wealth fund Norges Bank Investment Management, and Wellington Management Group played significant…...

In a significant meeting in Beijing, Apple CEO Tim Cook engaged with Jin Zhuanglong, China’s Minister for Industry and Information Technology. This encounter, detailed in a statement from Jin’s ministry, highlights the ongoing collaboration and mutual interests between one of the world’s leading technology companies and China, a major market…...

Canadian National Railway (CN) experienced modest revenue growth in the third quarter of 2023, generating $2.97 billion, a 3% increase compared to the same period in the previous year. However, the company’s operations faced significant challenges due to wildfires in parts of Alberta and a work stoppage involving union employees.…...

Intel has experienced a significant decline reminiscent of the myth of Icarus, who flew too close to the sun and fell victim to his own overconfidence. Once heralded as a titan in the tech industry, Intel revolutionized computing with innovations like the x86 microprocessor. However, a series of strategic missteps,…...

In the series of reflections published by Lambert Strether of Corrente, the narrative journeys through his evolution with writing tools that transitioned from traditional printed books to the digital landscape. This series began by recounting his memoir-style journey with vital analog resources like the Oxford English Dictionary (OED) and evolved…...