SAN FRANCISCO, April 13 (Reuters) – Electric vehicle (EV) startup Faraday Future Intelligent Electric (FFIE.O) on Thursday pushed back initial deliveries of its flagship FF 91 Futurist by another two months, saying they would depend on “substantial additional financing”.The Los Angeles-based company said it was down to about $30 million in cash as of Tuesday… […]
WASHINGTON, April 13 (Reuters) – Boeing (BA.N) has halted deliveries of some 737 MAXs as it grapples with a new supplier quality problem by Spirit AeroSystems (SPR.N) that could stretch back to 2019, the U.S. planemaker disclosed on Thursday.The issue will likely affect a “significant” number of undelivered 737 MAX airplanes both in production and… […]
April 13 (Reuters) – Lucid Group Inc (LCID.O) on Thursday reported first-quarter production and delivery figures that were lower than the preceding three months, in line with its guidance of weak production this year.The luxury electric car-maker produced 2,314 vehicles and delivered 1,406 in the quarter ended Mar. 31, lower than the 3,493 vehicles produced… […]
Ensuring the resilience and longevity of a family-owned enterprise requires a strategy that’s focused on growing joint family wealth, often through a diversified portfolio of jointly-held assets. But a strategy of broad diversification is difficult to execute, so it should not be undertaken by families without the appropriate structure and processes. First and foremost, successful… […]
To help ease the financial burden of Covid-19, Justin Trudeau’s Liberal Government is providing financial assistance to employed and self employed Canadians. The Canada Emergency Response Benefit (CERB) will provide a $2,000 taxable benefit for […]
Aug 24 (Reuters) – Shares of Walt Disney (DIS.N) fell 3.9% on Thursday, closing at their lowest level in nearly nine years, with some investors betting that a further price drop is on the cards in the next few months.Disney stockholders are scrutinizing the company’s turnaround plan after chief Bob Iger earlier this month promised… […]
A logo of low cost carrier Spirit Airlines is pictured on an Airbus plane in Colomiers near Toulouse, France, November 6, 2018. REUTERS/Regis Duvignau/File Photo Acquire Licensing RightsNEW YORK, Aug 24 (Reuters) – Spirit Airlines Inc (SAVE.N) has agreed to pay up to $8.25 million to settle a class action lawsuit by passengers who said… […]
LONDON/CHICAGO, Aug 24 (Reuters) – A highly mutated COVID variant called BA.2.86 has now been detected in Switzerland and South Africa in addition to Israel, Denmark, the U.S. and the U.K., according to a leading World Health Organization official.The Omicron offshoot carries more than 35 mutations in key portions of the virus compared with XBB.1.5,… […]
Louis Volante, Brock University COVID-19 has brought a tsunami of change and impacted every facet and sector of society, including the lives of children, parents and teachers. UN Secretary-General António Guterres recently said that the […]
Canada has approved an emergency federal bill which gives the government the power to spend billions of dollars to support individuals and families affected by novel Covid-19. The bill was signed into law by Julie […]
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