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Peter Russell

Rocket builder Firefly aiming for second launch attempt in May, raises $75 million

3 years ago

Firefly Aerospace aims to make its second attempt to reach orbit with its Alpha rocket in the coming weeks, having received government approval to resume launch operations.
Private equity firm AE Industrial Partners last month acquired stake in Firefly from a fund run by Ukrainian entrepreneur Max Polyakov, who came under scrutiny for national security concerns.
Firefly also closed a $75 million fundraise led by AE Industrial Partners, which Markusic says means the company’s broader growth plan is “fully funded.”

Ukraine legalizes crypto sector as digital currency donations continue to pour in

3 years ago

Ukraine has passed a law that creates a legal framework for the cryptocurrency industry in the country.
The law allows foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation.
Ukraine’s President Volodymyr Zelenskyy has signed the law as Russia’s war on Ukraine continues underscoring the important role that cryptocurrencies have taken on during the conflict.

Alibaba surges more than 11% after it ups share buyback program to $25 billion

3 years ago

Alibaba said on Tuesday it will increase the size of its share buyback program from $15 billion to $25 billion, effective for a two-year period through March 2024.
The Chinese e-commerce giant’s Hong Kong-listed stock surged more than 11%.
Alibaba appointed Weijian Shan, executive chairman of investment group PAG, to the its board as an independent director, replacing Ericsson CEO Börje Ekholm.

Intel commits $36 billion to making chips in Europe

4 years ago

The Santa Clara chipmaker said it will build a new “mega factory” in Germany as part of the investment, which is being subsidized with public funding.
It also pledged to create a new R&D and design hub in France, and to invest in R&D, manufacturing and foundry services in Ireland, Italy, Poland and Spain.
Intel’s investments are part of a broader package that will see the company invest as much as 80 billion euros in Europe over the next decade.

Stocks extend rebound in final hour of trading, S&P 500 jumps 2% as oil slides

4 years ago

The gains came as traders continued to eye the latest with ceasefire negotiations in Ukraine and China Covid lockdowns that could wreak havoc on tech supply chains. Investors were anticipating a big Federal Reserve monetary decision Wednesday, where the central bank is expected to hike rates for the first time since 2018.

The broad market index rose 2%, though it was still about 11% from its record. The Dow Jones Industrial Average added 631 points, or 1.9%, while the tech-heavy Nasdaq Composite gained about 2.8%.

Federal Reserve expected to raise interest rates in week ahead, as Ukraine crisis adds volatility

4 years ago

The Federal Reserve’s first increase in interest rates since before the pandemic was well broadcast, and markets may have little reaction if the central bank carries out its quarter-point hike Wednesday.
Investor focus remains on Ukraine, which continued to rattle markets in the past week, creating volatile swings in oil and sending stocks lower.
The Fed’s rate hike is expected, but investors will be watching to see what the central bank has to say about inflation and the economy, as well as its projections for future rate hikes.

Russia restricts Instagram after its parent Meta allows violent threats against military for Ukraine invasion

4 years ago

Russia’s technology regulatory agency restricted access to the social media platform Instagram.
The move comes after its parent Meta decided to allow posts from users in some countries calling for violence against Russia and its military.
The policy allows Instagram and Facebook users in Russia, Ukraine and Poland to call for the death of Russian President Vladimir Putin and Belarusian President Alexander Lukashenko.
Russia already blocked access in the country to Facebook on March 4 and has restricted access to Twitter.

France, UK and Germany say Iran deal could collapse on Russian demands

4 years ago

The so-called E3 European parties warned Russia on Saturday that its demands risked the collapse of an almost-completed nuclear deal.
Russian Foreign Minister Sergei Lavrov last Saturday demanded guarantees that Russian trade with Iran would not be affected by recent sanctions imposed on Moscow.
Washington has already insisted it will not agree to Russia’s demands.

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