2021-07-28 12:18
Apple Q3 earnings are out! It is worth applauding that Apple reported a historically strong third quarter on Tuesday, including $81.4 billion in revenue growth, up 36 percent year over year… Read More
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2021-07-27 14:02
Apple, Inc. will be one of the few tech bigwigs to enjoy a substantial earnings and revenue growth since the pandemic engulfed the world last spring. Ahead of Apple’s Q3 2021 earnings… Read More
2021-07-27 11:58
The world’s most valuable automaker on Monday reported $1.1 billion in net income in the second quarter results. The latest Tesla earnings not only blew past analyst expectations but a… Read More
2021-07-27 11:49
Cryptocurrencies have been on a seesaw ride ever since their inception. While some people are happy to accept it as a wider currency of exchange, regulators are still wary of its legitimacy… Read More
2021-07-26 13:17
Amazon might soon allow users to pay in cryptocurrencies like Bitcoin, going by its plans to hire a digital currency and blockchain product lead for its payments team.
According to its lates… Read More
2021-07-25 03:48
Starting your own business can be the most thrilling and rewarding journey you’ve undertaken, but also daunting. If you’re considering launching your own startup, you may want to… Read More
2021-07-23 11:59
Industry leaders such as AT&T, British Airways, Go Daddy, Capital One, Delta Air Lines, UPS, and several others faced a global outage sparked by a glitch on Thursday after content distri… Read More
2021-07-23 07:08
The Gamestop stock rally driven by Redditers Wallstreetbets helped the retail chain store selling video games CDs and consoles, sell &1.7 billion shares to investors. The whole idea was… Read More
2021-07-22 13:23
The 11th-hour decision to hold the Tokyo Olympics 2021 without spectators at venues around Tokyo has pummeled the hospitality industry’s hopes of a reservation revival. Hotels in Tokyo… Read More
2021-07-22 06:27
Toshiro Muto, the 2020 Tokyo Olympics organizing committee head, said that a last-minute cancellation of the global sporting event that starts on Friday is a possibility.
Speaking at a news… Read More
2021-07-21 13:39
Jeff Bezos, the Amazon founder, followed up his historical flight to space with another big announcement of donating $100 million each to CNN political contributor Van Jones and chef Jos&eac&hell…Read More
2021-07-21 10:04
Nvidia, the graphics and crypto mining semiconductor designing company’s shares, rose for the fourth day in a row, up almost 4%, indicating investors’ confidence in its performan… Read More
2021-07-21 03:37
Ermenegildo Zegna, the Italian luxury fashion group, is taking the SPAC route to go public. It has combined with a US investment company, resulting in a $3.2 billion valuation for the n… Read More
2021-07-20 08:16
Bill Ackman’s special purpose acquisition company, Pershing Square Tontine Holdings, will no longer be picking up a 10% (worth $4 billion) stake in Universal Music Group. Instead, the… Read More
2021-07-19 05:15
The Tokyo Olympics Games scheduled for 2020 are in their final countdown, but trouble seems to be dogging the meet’s footsteps incessantly.
After the Covid-19 pandemic forced almost a… Read More
2021-07-18 04:26
Revolut, the fintech company, has raised $800 million in series E funding, raising its valuation to $33 billion and making it the biggest private technology company in Britain.
The new fundi… Read More
2021-07-17 02:55
Easy access to trading platforms has made retail investing more popular among the common man and led to a boom. Robinhood and Coinbase are two of the most visible beneficiaries of this hyped… Read More
2021-07-16 14:13
Johnson & Johnson (J&J) announced Wednesday it is recalling five of its sunscreen products after some samples were found to contain low levels of Benzene, a chemical that can cause c… Read More
2021-07-16 09:17
GlobalFoundries came into spotlight last year when semiconductor industry leaders were trying to solve the ongoing chip shortage. The U.S.-based chipmaker offered something that none of its… Read More
2021-07-15 13:03
“Banks will be tested,” cautioned a McKinsey report from March 2020. The economic fallout of the Covid-19 pandemic has toppled the global balance. Times are changing now.
A… Read More
2021-07-15 05:16
The European Union has come out with plans to make the region carbon- free with a set of regulations that will restrict fossil fuel usage and imports of the same.
The European Commissi… Read More
2021-07-13 22:22
The rise in new variants of the Coronavirus and poor access to vaccines in developing countries will derail the recovery of economies across the world, warn the finance ministers of the G20… Read More
2021-07-12 14:08
Volkswagen, the world’s second-largest carmaker, forecasts that its operating profits for the first six months of 2021 will be in the vicinity of €11 billion. This is almost half… Read More
2021-07-12 09:37
Wells Fargo has decided to end its revolving credit facility for customers and will shut down the existing ones too in the coming weeks.
“Wells Fargo recently reviewed its product offe… Read More
2021-07-10 09:48
Philip Morris International (PMI), the multinational cigarette and tobacco manufacturing giant, is set to buy British pharmaceutical company Vectura for £1 billion ($1.5billion). Vectu… Read More
2021-07-10 09:06
A study done by the energy industry consultancy group Kayrros says Australia’s coal-producing region Bowen Basis emits methane equivalent to the greenhouse gas effect of 30 million com… Read More
2021-07-09 13:38
The Association of German Automobile Manufacturers (VDA) cut its growth forecast for 2021 car sales to 3% from 8%, citing a global chip shortage affecting assembly production. The VDA expect… Read More
2021-07-08 22:42
A slew of big investment management companies has joined the Net Zero Asset Managers initiative launched last December. Now, almost $3 trillion in assets, almost half of the world’s fu… Read More
2021-07-08 22:33
JPMorgan Chase has been on a buying spree this year, with more than 30 new acquisitions, both big and small. America’s biggest bank’s purchases include an online money manager in… Read More
2021-07-07 22:41
Tesla’s entry into the S&P 500 Index has cost investors benchmarked against blue-chip US stocks more than $45bn since December.
The world’s leading electric vehicle maker was… Read More
2021-07-06 04:20
A consortium of investors is offering A$22.26 billion ($16.7 billion) for Sydney Airport Holdings Pty Ltd, betting on long term recovery of the travel sector after the pandemic.
The consorti… Read More
2021-07-06 03:06
Lamborghini has released two teasers on its social media handle and announced an event on July 7, where it plans to unveil a new product that could be another version of its V12-powered Aven… Read More
2021-07-05 11:26
The next-generation, and possibly final generation, 2022 BMW 2 Series will be announced next week, on July 8, at the Goodwood Festival of Speed. It’s going to be a significant day for… Read More
2021-07-05 06:58
Russian hackers have hit at least 200 companies or more in one of the largest supply chain ransomware attacks to date, according to cyber security group Huntress Labs Inc.
The hackers breach… Read More
2021-07-05 06:33
All automakers are preparing to transition to EVs (electric vehicles) latest by 2030 as the emission norms become stricter and climate change worries dry up any further investments in this s… Read More
2021-07-05 05:36
Andy Jassy, the new chief executive of Amazon, set to take over from Jeff Bezos soon, will receive a stock package worth more than $200m, according to a regulatory filing.
The company has ap… Read More
2021-07-02 04:13
Germany will have 1 million electric cars on the roads this July, though six months later than its set date, according to the country’s Economy Minister Peter Altmaier.
” We will… Read More
2021-07-02 04:02
Chevron Corp, the multinational energy company, is planning to sell its old and gas fields valued at more than a billion dollars in the Permian Basin of Texas and New Mexico, the country&rsq&hell…Read More
2021-07-01 03:25
The Tesla Inc CEO and founder of SpaceX, billionaire Elon Musk said that he expected his Starlink satellite internet to attract an investment of $20 billion to $30 billion.
He was speaking i… Read More
2021-06-30 18:20
A federal court Judge dismissal two anti-competition cases against Facebook on Tuesday on the basis of it being “legally insufficient”.
The court dismissed complaints brought in… Read More
2021-06-30 18:05
The gloves are off, and it is open season for Microsoft and Google, as they end a six-year truce to not litigate against each other or carry grievances to the regulators.
As regulating autho… Read More
2021-06-29 22:13
Cruises and cruise ships are back in favor with the CEO of Carnival Corp, claiming that the demand is outstripping supply. People are eager to travel after a year-long lockdown, and luxury c… Read More
2021-06-28 22:55
Deutsche Bank has compensated Spanish wine-making company J Garcia Carrion with €10m ($12 million) for the alleged losses it suffered in purchasing foreign exchange derivates from the b… Read More
2021-06-27 22:58
Masayoshi Son of SoftBank was put in the dock at the annual shareholder meeting on Wednesday and grilled over governance failures after the collapse of Greensill and Katerra.
The 63-year-old… Read More
2021-06-27 22:06
Edinburgh-based investment firm Ballie Gifford has acquired quite a reputation for being the world’s top stockpicker. They were one of the earliest investors in Amazon, Tesla and Tence… Read More
2021-06-26 03:35
In a rare move, Blackstone has increased its offer for St Modwen Properties from the original bid of £1.24bn, or 542p per share, to £1.27bn, or 560p a share.
The company board ap… Read More
2021-06-24 12:32
Visa has cracked a €1.8bn deal to purchase Swedish fintech Tink, in less than six months following a failed attempt to buy its US rival Plaid which was blocked by regulators. Founded in… Read More
2021-06-24 11:55
BP spent $7million in smart electric vehicle (EV) charging firm, IoTecha, leading to a $13.2 million investment cycle. IoTecha’s easy and simple technology connects EV chargers with th… Read More
2021-06-23 11:34
Starlink, the satellite internet unit of Elon Musk’s SpaceX, will most likely be able to provide global coverage by September, according to the company’s president Gwynne Shotwel… Read More
2021-06-23 10:44
Wall Street is preparing for one of the busiest days of the year as the Krispy Kreme IPO draws near. According to a regulatory filing on Tuesday, the company desired to raise the Krispy Krem… Read More
2021-06-22 17:42
Most Japanese major companies, which at one time were leaders in consumer electronics, are struggling to find their feet in a world that has moved to digital software.
Electronics major Pana… Read More
2021-06-21 12:57
The Ikea and Rockefeller foundations are jointly launching a $10 billion fund to promote small-scale renewable power projects in developing nations. Both the philanthropic organizations will… Read More
2021-06-21 05:27
EU antitrust regulators are planning a formal investigation into Google’s digital advertising practices by the end of this year.
Google is already facing unprecedented regulatory actio… Read More
2021-06-18 14:27
The Covid-19 pandemic ravaging the world for more than a year has forced companies and organizations to find viable solutions to keep the business going.
Most found a solution in work from h… Read More
2021-06-18 13:47
The doom and gloom about the stock market that has been predicted since the pandemic started has abated somewhat with the resilience shown by investors (helped by low-interest rates and stim… Read More
2021-06-18 05:44
A GPS navigation satellite built by Lockheed Martin is set to ride a reused SpaceX booster on a launch from Cape Canaveral, Florida, Thursday. It will be the first time a military payload wi… Read More
2021-06-16 13:20
Walt Disney CEO Bob Chapel says the company’s advertising revenue for the upcoming fall television season was strong and went up by “double-digits” compared to 2019.
About… Read More
2021-06-16 05:24
BlackRocks’ exchange-traded fund crossed $3 trillion for the first time in May, in sync with the ETF industry’s race to an all-time high of $9 trillion.
Despite the Pandemic, Wal… Read More
2021-06-15 05:36
Flagship Pioneering, the bioplatform company, and the venture capital investor in Moderna, today announced that it had raised additional funding of $2.23 billion, which brings its total fund… Read More
2021-06-14 13:41
The fading of the pandemic and the rollout of vaccines has brought in some good cheer for the floundering air travel industry. More countries have opened up for business and are allowing int… Read More
2021-06-14 02:55
Sanne, a UK fund administration business that provides alternative asset and corporate services, has agreed to hold talks with private equity firm Cinven over a potential £1.4bn takeov… Read More
2021-06-14 02:37
Global stocks rose to an all-time high, with investor showing confidence in a strong economic recovery from coronavirus and the vaccine effect, but the market is still a bit cautious about t… Read More
2021-06-11 11:30
Amazon, Inc. is under the scrutiny of Britain’s competition watchdog, which is planning a formal investigation into the e-commerce company. The Competition and Markets Authority has ha… Read More
2021-06-11 10:43
Altice, the Luxembourg-based telecoms investor company, run by billionaire Patrick Drahi, has bought a 12.1 percent stake in British Telecom worth £2 billion. The investment in BT has… Read More
2021-06-11 10:40
The Group of Seven (G-7) has agreed on a landmark deal on taxing multinational companies at a minimum global corporate tax rate of 15 percent. Finance ministers of the US, UK, Germany, Franc… Read More
2021-06-10 22:26
BC Partners, a UK private equity firm, has floated a “continuation fund” deal, one of Europe’s largest such deals, by transferring its 47 per cent stake in the academic pub… Read More
2021-06-09 10:12
The Food and Drug Administration of the US approved on Monday Biogen Inc’s Aducanumab to treat Alzheimer’s disease amidst the controversy of its efficacy.
Biogen has priced the d… Read More
2021-06-09 09:59
The UK’s Competition and Markets Authority (CMA) has proposed that the banking industry’s lobby group set up a supervisory body to police the big banks. This has raised concerns… Read More
2021-06-08 08:37
The easing of restrictions in the UK has seen businesses opening up and custom returning to pre-pandemic levels. With travel and congregation restrictions out of the way, people are now back… Read More
2021-06-08 08:20
Richard Robinson, head of Scholastic Inc. and responsible for the reading habits of millions of young readers, has died at aged 84. He helmed the publishing company for five long decades and… Read More
2021-06-08 07:59
It would be an understatement to say that AMC stock has seen some extraordinary days since the start of the year. When it set foot into the new year it was trading at just 2 a share; it has… Read More
2021-06-07 12:10
The Philippine government’s National Bureau of Investigation (NBI) is investigating the multi-billion dollar fraud at Germany’s Wirecard AG and has filed criminal complaints agai… Read More
2021-06-07 12:00
The Covid-19 pandemic has put the whole world on hold for the past one and a half years almost. With the numbers dwindling and the vaccine drive gaining momentum, people are rearing to get o… Read More
2021-06-07 11:05
A group of the world’s richest nations reached a landmark deal to close cross-border tax loopholes that multinational companies abuse to shift profits to low tax offshore havens.  &hell…Read More
2021-06-07 05:30
An internal letter by Apple employees to the CEO Tim Cook and other senior leaders of the company says that the employees are unhappy with the three days in-person requirement in offices fro… Read More
2021-06-04 11:17
The European Union and the UK have launched an antitrust probe into Facebook’s use of advertising data in its classified ads business. The investigation comes as regulator peer into Fa… Read More
2021-06-04 10:32
Tesla stock nosedived Thursday after a report came out claiming that an inside source confirmed new orders are rapidly declining in China, the world’s biggest EV market. According to a… Read More
2021-06-03 13:59
The trade standoff between Washington and Beijing seems to have not affected Apple’s relationship with its suppliers in China. It now has more Apple suppliers than any other country. T… Read More
2021-06-03 13:32
Stock markets shattered a year ago as the impact of the Covid-19 pandemic on economies around the globe created havoc. To stop the spread of coronavirus, governments gave stay-at-home orders… Read More
2021-06-03 11:15
Wyoming will join forces with Bill Gates’ TerraPower LLC to house the first Natrium reactor, a move proponents hope will help diversify the state’s economy while accelerating the… Read More
2021-06-02 23:06
The US airline industry is seeking a gradual improvement in the number of people taking to the skies. America’s two largest airlines are hoping that the figures will be somewhere compa… Read More
2021-06-02 11:33
Tesla Inc. is recalling roughly 6,000 U.S. vehicles because brake caliper bolts could be loose, with the possibility to cause a loss of tire pressure, documents made public on Wednesday reve… Read More
2021-06-02 11:08
Etsy Inc. agreed on Wednesday to buy youth-focused clothing marketplace Depop for around $1.63 billion in a bid to change the customer demographics of the online.
Etsy said London-bas… Read More
2021-06-01 16:12
The UK-based digital pet insurer Bought by Many has attracted a valuation of $2 billion and secured a series D round investment of $350m led by Sweden-based investment group EQT. Many Group… Read More
2021-06-01 16:01
Time runs away from you” is an oft-repeated phrase that we have all heard. It is a euphemism for not being able to keep up with any task in a given amount of time.
If you are one of th… Read More
2021-06-01 15:52
The supply chain disruptions of components in the auto industry have led to an increase in the prices of vehicles, claimed Elon Musk in a tweet reply to a query.
“Prices increasing due… Read More
2021-06-01 13:15
The COVID-19 crisis has spurred triumphant success for many remote working startups across the globe. Among these is an Israeli work management company monday.com that plans to make a grand… Read More
2021-05-31 19:44
Johnson & Johnson is appealing for a review by the Supreme Court of an award of $2 billion to a group of women who claimed they developed ovarian cancer from using the company’s ta… Read More
2021-05-31 14:20
As the world searches for better ways to meet the climate crisis facing it, the most obvious transition that people are demanding is lesser emission of Co2 in the atmosphere, a known contrib… Read More
2021-05-31 05:35
Senior Plc, the British aerospace components supply company, has rejected an all-cash buyout offer from the US-based Lone Star Global Acquisitions. The proposal valued the aviation company a… Read More
2021-05-28 18:21
Ford Motor Company topped up its commitment to an electric vehicles future from $22 billion to $30 billion by 2025. The added money will be spent on EV and battery development strategy under… Read More
2021-05-28 18:14
Samsung Life, the largest life insurance company in South Korea, has entered into an investment alliance with Savills Investment Management that will commit US$1bn (€819m) to the real e… Read More
2021-05-27 06:49
A small Bedford-based company has come up with a sustainable solution for intercity mobility, with its commercial hybrid airships that have a very low carbon footprint. Hybrid Air Vehicles (… Read More
2021-05-27 06:09
Running a home-based business for a long time was considered the domain of bored homemakers who needed to do something to utilize their talents or, at best, a side business to monetize a hob… Read More
2021-05-27 05:15
British online furniture seller Made.com plans to float at least 25% of its shares on the London Stock Exchange and aims to raise £100m in its initial public offering. The online retai… Read More
2021-05-26 13:35
Apple co-founder Steve Wozniak is facing a million-dollar lawsuit for allegedly stealing an idea for an online tech school venture.
In 2011, Wozniak agreed to open a tech university with a C… Read More
2021-05-25 09:33
The semiconductor chip shortage is far from over but this hasn’t stopped governments around the globe from getting creative to move production ahead. The impact of the chip crisis on t… Read More
2021-05-24 08:13
The International Monetary Fund, IMF, says that the world would need $50 billion to fight the pandemic. It proposes that the commitments from the various countries and agencies can include g… Read More
2021-05-24 07:50
Facebook has launched a new Transparency Center, which along with its biannual report on government data requests, will also provide updates on the company’s policies and how it safegu… Read More
2021-05-24 07:17
Tesla CEO Elon Musk, while addressing an event in Russia, said that his electric vehicle company was looking at the possibility of opening factories in the country. The 49-year-old SpaceX bo… Read More
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