Alberta pledges maximum of $700M for possible 2026 Calgary Olympics

The Alberta government pledged $ 700 million on Friday for a potential Calgary Winter Olympics, with conditions.  In a letter from Finance Minister Joe Ceci to Mayor Naheed Nenshi and Kirsty Duncan, federal minister of science and sport, the province said the money is contingent on "the majority of Calgarians supporting the bid in the November 13th plebiscite." Another condition […]

Lucid Motors is raising $700m in funding for an Arizona factory

According to reports, electric vehicle startup Lucid Motors is currently raising financing for its upcoming factory in Arizona. Electrek quotes Lucid CTO Peter Rawlinson’s interview with The Motley Fool as saying that breaking ground at the $ 700 million factory site will be subject to secured Series D financing. The factory would be built in […]