Aviation startup Lilium to float in US via $3.3 billion SPAC deal

© Reuters. A handout picture from Munich flying taxi startup Lilium shows its five-seater prototype By Douglas Busvine BERLIN (Reuters) -German air shuttle startup Lilium said on Tuesday it would float on the U.S. stock market via a reverse merger with Qell Acquisition Corp, a blank-cheque acquisition company, in a deal valuing the combined business […]

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U.S. stock funds draw $3.3 billion in latest week: Lipper

© Reuters. The spread of the coronavirus disease (COVID-19) in New York (Reuters) – U.S.-based stock funds in the week ended Wednesday saw $ 3.3 billion of inflows, according to Lipper. Taxable bond funds attracted $ 11.1 billion, the fifteenth straight weekly inflow, while U.S. money market funds drew $ 20.4 billion in the latest […]

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Pandemic pushes South Korea into recession as GDP contracts 3.3% in Q2

© Reuters. FILE PHOTO: A woman wearing a mask looks at her mobile phone amid social distancing measures to avoid the spread of the coronavirus disease (COVID-19), in Myeongdong shopping district in Seoul SEOUL (Reuters) – South Korea’s economy recorded its first technical recession since 2003 in the June quarter, as health restrictions from the […]

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