German Factory Orders Drop After Mounting Supply Shortages

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German Factory Orders Drop After Mounting Supply Shortages

German manufacturers unexpectedly saw demand decline in April, signaling that supply shortages and higher prices are undercutting the country’s economic recovery. Orders fell 0.2% …
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UPDATE 1-Hipgnosis annual revenue surges as pandemic boosts music streaming

(Adds background, details, and CEO comments). June 7 (Reuters) – Hipgnosis Songs Fund Ltd’s annual revenue surged 66%, helped by a music-streaming boom during the lockdown as many listeners stuck indoors grooved to “Don’t Stop Believin’” by …
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SoftBank-Backed Katerra Files Bankruptcy With Billions in Debt

By submitting my information, I agree to the Privacy Policy and Terms of Service and to receive offers and promotions from Bloomberg. In May, SoftBank
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Delhivery plans IPO by March 2022, to raise $400-$500 mn

Since it is an Indian company and has a substantial business here, Delhivery will list locally. It is unlikely to postpone the IPO, unless there is a third wave of COVID-19 pandemic which affects market sentiment, Delhivery co-founder and CEO Sahil Barua said.
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Saudi startup Red Sea Farms raises $10 mln to fund expansion

DUBAI, June 7 (Reuters) – Saudi Arabian agriculture technology startup Red Sea Farms on Monday said it had raised $10 million which it would use to develop commercial scale farming facilities and expand into neighbouring United Arab Emirates. Red Sea …
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