2021-05-22 09:18
The U.S. has proposed that corporate around the world pay at least 15% tax on their earnings. The proposal comes as the Organization for Economic Cooperation and Development (OECD) and the G… Read More
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2021-05-21 17:53
Oatly, the Swedish maker of dairy alternatives, will debut on the US stock market with a $10 billion valuation. It raised $1.4bn in its initial public offering on Wednesday, May 19.
The com… Read More
2021-05-21 17:46
WeWork, the office-sharing app backed by SoftBank, reported a first-quarter net loss of $2.06 billion as it prepares to go public through the SPAC route. WeWork said it saw a slight improvem… Read More
2021-05-20 11:25
Royal Philips, a global leader in health technology, announced that it will repurchase up to 2 million shares to cover long-term incentive and employee stock purchase plans. At the curr… Read More
2021-05-20 09:25
Google is confident it can build a commercial-grade quantum computer by 2029. The search engine giant’s chief executive Sundar Pichai announced the plan to build a quantum computer dur… Read More
2021-05-20 08:03
Oprah-backed Oatly Group of Malmo, Sweden is on track to claim the title as the biggest plant-based food company IPO of 2021. The vegan food and drink maker has scheduled its initial public… Read More
2021-05-19 16:12
Bristol-Myers Squibb, the Big Pharma company, has entered into a drug discovery collaboration worth $1.2 billion, with artificial intelligence (AI) pharmatech company, Exscientia.
The agreem… Read More
2021-05-19 15:55
A new climate law adopted by Germany requires that all coal-fired power plants be shut down before the promulgated 2038 deadline. In January 2020, the German government had negotiated a deal… Read More
2021-05-19 12:35
iShares Transportation Average ETF (IYT), the world’s largest transport-focused exchange-traded fund worth $2.2bn, will now be weighing stocks based on their market capitalization rath… Read More
2021-05-19 04:21
The collapse of Greensill Capital, the supply chain financing firm, is still having repercussions with Grant Thornton, the administrator appointed to probe the collapse, facing the conflict… Read More
2021-05-17 14:44
In a post-COVID-19 world, the role of Mergers and Acquisitions (M&A) will be redefined. Companies striving to defend their existing markets and accelerate recovery are looking at a wide… Read More
2021-05-17 12:16
Europe’s largest budget airline Ryanair Holdings Plc. has reported a better-than-expected annual post-tax loss of €815m as passenger numbers slumped by 81% to just 27.5 million, b… Read More
2021-05-17 08:05
The Internal Revenue Service and Department of Justice are investigating the cryptocurrency exchange Binance.
Singapore-based Binance was co-founded in 2017 by Changpeng Zhao, and is the lar… Read More
2021-05-14 11:53
South Korea’s Hyundai Motor Co., announced on Thursday it will soon start manufacturing electric vehicles in the United States. The automaker plans to produce EVs, upgrade production f… Read More
2021-05-14 08:50
The US reported the highest inflation recorded in the last dozen years at 4.2 percent in April, riding on government stimulus packages, improved energy prices, better spending and vaccines… Read More
2021-05-13 10:18
Aon Plc and Willis Towers Watson have agreed to sell $3.6 billion worth of assets to rival Arthur J. Gallagher & Co. in a bid to appease European competition regulators over their blockb… Read More
2021-05-12 11:40
Roblox, the hugely popular online gaming platform, reported its first-quarter earnings after becoming a listed company. Its revenue more than doubled as the videogame company benefited from… Read More
2021-05-11 11:19
A weak job report resulted in a record close on Friday for the US stocks. The US labor department’s monthly non-farm payrolls report revealed employers hired 266,000 new workers in Apr… Read More
2021-05-11 10:59
A bidding war has broken out between Australian casino company Star Entertainment Group and US private equity investor Blackstone Group over Crown Resorts, Australia’s biggest casino c… Read More
2021-05-10 12:21
Almost half of the marriages end in divorce is an oft-quoted adage, but surprisingly, this is not true in today’s world. The reasons are varied, gender equality, the higher participati… Read More
2021-05-10 11:38
JPMorgan Chase, the largest U.S. bank by assets, has appointed two new executives to head its information units in a bid to make its workforce more inclusive and increase racial and gender d… Read More
2021-05-10 11:14
The U.S. solar industry witnessed a 7% cut in jobs due to the coronavirus and increasing use of labor-saving tech in the industry, according to an industry report.
Job decline is not new to… Read More
2021-05-08 09:37
Blackstone, the private equity firm, is planning to acquire St Modwen Properties, a logistics and housing developer, for £1.2bn ($1.68 billion) in a bid to take advantage of the Pandem… Read More
2021-05-07 12:05
Stellantis, the carmaker formed earlier this year by the merger of Fiat Chrysler and PSA, has revealed that it no longer needs to buy emission credits from Tesla, which will result in millio… Read More
2021-05-07 11:55
Anheuser-Busch InBev SA’s Chief Executive Officer Carlos Brito will step down from his role, effective July 1 and Michel Doukeris will succeed him as the new CEO.
Brito, who became the… Read More
2021-05-06 17:00
Officeworks, the Australian office supply store chain, has pulled Apple’s newly launched AirTags from its store following safety concerns for children from its button battery.
Officewo… Read More
2021-05-05 11:11
Apple, Inc. has hired a former Google AI scientist who resigned in protest against the firing of two employees from the Ethics division. Sammy Bengio, the ex-Google employee, will be in… Read More
2021-05-05 09:44
Solid Power, a solid-state battery system startup, has raised $130 million in Series B funding led by Ford Motor Company and BMW Group. The Louisville, Colorado-based SSB developer also has… Read More
2021-05-04 19:16
Intel plans to invest $3.5 billion in its New Mexico factory as part of a plan to expand domestic manufacturing investments.
This is one of the largest single investments by the company sinc… Read More
2021-05-04 12:43
Archegos Capital’s collapse in March caused Credit Suisse $5.4 billion in losses, according to figures released in its quarterly report. What is surprising is that it made just SFr16m… Read More
2021-05-03 11:23
Barclays PLC logged a stellar performance in its first quarter with net profit almost tripling on the back of a brighter economic outlook for both the UK and US.
The stimulation packages by… Read More
2021-05-03 10:52
AstraZeneca’s first-quarter earnings doubled, with its Covid-19 vaccine generating $275 million in revenue. The pharma company’s revenue for the quarter rose 15 percent year on y… Read More
2021-05-03 09:49
As the chip shortage gains momentum and forces industries heavily reliant on the technology to look for alternate ways to meet the shortfall. Intel, the pioneer in chip making, wants 8 billi… Read More
2021-04-30 13:40
The chip shortage has spread across industries, slowing down the manufacturing of automobiles, smart devices, to electronic including white goods such as washing machines and television.
Sam… Read More
2021-04-30 13:34
Standard Chartered Bank posted an 18% increase in first-quarter pre-tax profit at $1.4 billion, topping the analyst forecast of $1.08 billion.
The banks also said it will slash its global br… Read More
2021-04-29 06:41
Networking is an essential part of any professional’s life. Be it an entrepreneur or a person working for someone, connecting with people in your profession is what expands the horizon… Read More
2021-04-29 04:47
Deutsche Bank’s profit in the first quarter of 2021 hit a seven-year high at €1 billion, up from €66 million reported a year earlier. The bank’s profit before tax climb… Read More
2021-04-29 04:13
The heirs of late Samsung patriarch Lee Kun-hee, facing a huge inheritance tax bill, have chalked out a plan to make philanthropic donations worth billions of dollars and pay $11bn in tax.
F… Read More
2021-04-28 14:09
Toyota Motor Corp. has bought the self-driving division of ride-hailing company Lyft for $550 million in a move that reflects the ambitions of Toyota to expand into mobility technology.
The… Read More
2021-04-27 19:20
The world is facing a serious chip shortage, which has affected the auto, smart devices and any other industry that uses semiconductors. The pandemic, the Texas winter storms, and a fire in… Read More
2021-04-27 10:42
HSBC Holdings Plc. shares jumped 2% after Europe’s largest lender by assets reported a better-than-expected quarterly profit on Tuesday. The Hong Kong-listed bank’s shares traded… Read More
2021-04-27 07:44
Volkswagen Group has warned managers to prepare for the worst as the global auto chip shortage disrupts production. The world’s second-largest automaker is expecting the chip shortage… Read More
2021-04-26 21:42
Saudi Arabia, which is actively looking to expand its economy beyond its dependence on fossil fuels, believes it can save over $200 billion over the next decade by replacing liquid fuel used… Read More
2021-04-26 12:49
The US consumers are slowly resuming travel and spending on entertainment and eating out, but overall travel spending is still weak and will take some years to bounce back to pre-Covid level… Read More
2021-04-24 23:47
The family of Lee Kun-hee, Korean industrialist and Samsung Group chairman who died in 2020, is scrambling to meet the huge inheritance tax bill of around $12 billion that they have to pay s… Read More
2021-04-24 05:23
Investors are warning governments and companies of developing nations against borrowing from overseas markets as the virus is witnessing a resurgence in these countries.
The borrowings… Read More
2021-04-23 14:05
Panasonic Corp. has agreed to acquire Blue Yonder for $7.1 billion in one of the largest acquisitions for the Japanese conglomerate.
Panasonic, which already has a 20% stake in Blue Yonder… Read More
2021-04-23 13:08
The world’s most powerful tidal turbine was recently launched from the flourishing seaport of Dundee. Scottish floating tidal turbine technology provider Orbital Marine Power has succe… Read More
2021-04-22 19:54
Apple plans to expand its ads business with the addition of a second advertising window in the suggested apps section of its Apps Store page.
Apple is also introducing new privacy rules for… Read More
2021-04-22 18:17
Renault has warned that a global chip shortage will affect automobile production for 2021.
The pandemic, the Texas winter storms, and a fire in a Japanese plant owned by Renesas Electronics… Read More
2021-04-21 14:39
Netflix reported a sharp downfall in the number of new subscribers for its first-quarter results of 2021. The streaming service added just 4 million users in the new quarter, a sharp downfal… Read More
2021-04-21 13:26
The popular Chinese video app Tiktok and controversies go hand in hand. When the platform is not making headlines for its long-standing security flaws, it’s busy getting sued for sever… Read More
2021-04-20 16:50
Furniture design giant Herman Miller, Inc. announced its $1.8 billion acquisition of competitor Knoll Inc. on Monday.
The acquisition comes at a time when the world is undergoing a tremendou… Read More
2021-04-20 12:43
On April 20, Apple CEO Tim Cook will take the stage to walk us down memory lane. The company’s ‘Spring Loaded’ event on Tuesday will usher in the launch of Apple’s ne… Read More
2021-04-20 12:37
Facebook Inc. on Monday announced it will launch several audio-centric products that can help it compete against Clubhouse, an audio-only chatting app that exploded in popularity during the… Read More
2021-04-20 09:15
Shares of International Business Machines Corporation (IBM) were rising Monday after the Big Blue reported first-quarter results that beat analyst estimates.
The Armonk, New York-based compa… Read More
2021-04-19 18:35
Goldman Sachs Growth Equity has invested £50 million ($69 million) in UK digital bank, Starling. The investment is in addition to the bank’s oversubscribed £272 million Ser… Read More
2021-04-19 13:52
Apple is bolstering its smart home devices space with the introduction of a new hybrid device— a combination of an Apple TV and a smart speaker with a screen, according to news reports… Read More
2021-04-19 13:43
One of the most trusted pioneers of technology in the automotive sector, Toyota Motor Corp. has finally revealed the future of the EV segment by showcasing its new SUV, encompassing the e-TN… Read More
2021-04-16 11:34
Mercedes-Benz has unveiled a battery-powered luxury car as part of the brand’s flagship S-Class saloon, designed to compete with Tesla. The 2022 Mercedes-Benz EQS is set to release in… Read More
2021-04-16 11:02
Three major US banks —JPMorgan Chase & Co., Wells Fargo & Co. and Goldman Sachs Group Inc.—reported earnings results for the first quarter of 2021. All three topped Wall… Read More
2021-04-16 09:11
Bitcoin price has once again soared over $63,000 USD as the cryptocurrency market braces for the upcoming Coinbase IPO. The San Francisco-based cryptocurrency exchange platform, which boasts… Read More
2021-04-15 18:22
Global economy recovery is well on its path going by the money being put in the exchange traded funds, especially in the last quarter.
A trillion dollars has entered the traded funds over th… Read More
2021-04-15 17:58
AppLovin Corp, the Palo Alto, California-based mobile app and gaming company, has priced its initial public offering at $80, which puts the company’s valuation at $28.64 billion.
The $… Read More
2021-04-14 13:32
JPMorgan Chase, the largest bank in America by assets reported favorable results on Wednesday, beating analysts’ estimates on trading revenue. It is the first major bank to report earn… Read More
2021-04-14 12:37
Grab, south-east Asia’s super app that provides a wide array of services from food deliveries to digital payments is planning to list in the US through a special purpose acquisition co… Read More
2021-04-13 14:37
Babcock International Group PLC, the UK defense contractor, said that a comet review for the financial year ending March 21 had identified impairments and charges totaling approximately &pou&hell…Read More
2021-04-12 16:40
Veolia and arch-rival Suez, the two French waste management utility companies, have struck a deal worth nearly 13 billion euros ($15.44 billion)to merge after months of wrangling.
The… Read More
2021-04-12 16:30
Impossible Foods, the makers of the widely popular plant-based burgers, plans to go public with a likely valuation of $10 billion.
The vegan burger company was valued at $4 billion at its la… Read More
2021-04-12 16:20
Energy giant Saudi Aramco is selling a minority stake for 12.4-billion-dollar in a newly formed oil pipeline business to a consortium led by US-based EIG Global Energy Partners.
The consorti… Read More
2021-04-09 17:19
Elior, the corporate catering company, has acquired the French startup Nestor for an undisclosed amount.
Nestor, a Paris, France-based food delivery service, started in 2015 with a simple id… Read More
2021-04-09 10:00
Axa Investment Managers, the French fund house, is not too worried about predictions that the post-pandemic world will see more people working from home and office real estates shrinking. Go… Read More
2021-04-08 17:11
ShareChat, the Indian owner of short video app Moj, has raised $502 million in the series E round of funding, pushing its value at $2.1 billion in the market.
The five-year-old company has r… Read More
2021-04-08 12:29
Small merchant groups are coming together to rally for strong antitrust laws to prevent big conglomerates like Amazon from swallowing up the smaller traders and businesses.
Trade groups repr… Read More
2021-04-07 11:50
The world’s largest independent oil trader Vitol made record profits in 2020 as the fluctuations in the global energy markets resulted in a windfall. Vitol suffered an $85 billion fall… Read More
2021-04-06 14:11
Seadrill Ltd., a deepwater drilling contracting company, owned by billionaire John Fredriksen, said it is ready to write off a debt of over $4.8 billion, giving lenders a 99 percent sta… Read More
2021-04-06 14:02
Japanese investment giant SoftBank Group has struck a $2.8 billion deal for a 40 percent stake in Norwegian warehouse automation company AutoStore, in the latest round of long-term bets in e… Read More
2021-04-05 14:33
If you do not have a digital presence, you are an invisible entity in the internet world. But a digital identity is always fraught with the threat of identity theft. The latest such theft or… Read More
2021-04-05 14:03
LG Electronics has decided to discontinue its mobile business after suffering losses in the segment.
Rumors had been floating since January about LG’s possible exit from this loss-maki… Read More
2021-04-03 15:23
The automobile industry witnessed a downturn during the Pandemic, with most of the world in a lockdown and people avoiding big purchases. But one segment of the sector seems to have just sai… Read More
2021-04-02 15:01
Microsoft suffered an hours-long outage on Friday, causing disruptions in office work for many.
Microsoft’s Azure cloud services, as well as Teams, Office 365, OneDrive, Skype, X… Read More
2021-04-02 14:05
Pioneer Natural Resources, one of America’s biggest independent oil operations, is to acquire rival Texan producer DoublePoint Energy for $6.4 billion in a cash and stock deal. Pioneer… Read More
2021-04-01 15:05
Microsoft has been given a $22 billion contract by the U.S. Army to supply its augmented reality headsets for the troops.
The Integrated Visual Augmentation System (IVAS) headsets are based… Read More
2021-03-31 17:07
Deliveroo, the food delivery company, said it will list its initial public offering at 390 (£3.90) pence per share, at the bottom end of a previously indicated range due to volatile ma… Read More
2021-03-31 17:01
Almost a week after a ship blocked the Suez Canal causing a traffic jam in one of the most import maritime lanes in the world, the canal is back in business again.
The vessel, which is nearl… Read More
2021-03-30 10:58
GameStop, the US-based video games selling retail chain store that was in the news for the short-selling frenzy fueled by a social media push of amateur investors, fell short of Wall Street… Read More
2021-03-27 22:45
As the $800 billion airline industry prepares to get back to the skies after being grounded for almost a year, there are concerns that the “back to business” scenario may get a l… Read More
2021-03-26 11:48
The drive for sustainable energy funding gained momentum after the public health crisis and the fallout of climate change and natural disasters on the global economy.
According to a projecti… Read More
2021-03-24 12:01
Deliveroo, the food delivery platform, is planning its market debut on the London stock market with a valuation of between $12 billion (£7.6 billion and £8.8 billion). It would b… Read More
2021-03-24 09:13
The infamous Robinhood Markets Inc. that brought Wall Street to its knees announced Tuesday that it submitted a confidential plan to go public later this year. It’s unclear whether the… Read More
2021-03-23 04:50
Investments in equity funds saw a $170 billion surge in the last month following investor confidence and the announcement of the $1.9 trillion relief package by the government.
The improving… Read More
2021-03-20 06:59
UK security firm G4S will be acquired by its North American rival Allied Universal in a £3.8 billion deal. Allied was the final winner in the months-long battle that saw other rivals s… Read More
2021-03-20 06:42
In January 2020, Alphabet-owned Google announced its plan to block third-party cookies from its ad networks and Chrome browser to boost privacy. The U.S. Department of Justice (DoJ) is repor… Read More
2021-03-19 10:05
Volkswagen, the German motor company, has set a target of 1 million sales of its electric or hybrid cars this year as it forms an ambitious recovery plan from the pandemic-led depression in… Read More
2021-03-18 07:25
NatWest is facing criminal proceedings for failing to comply with money laundering rules launched by the Financial Conduct Authority (FCA).
The case relates to Fowler Oldfield, a Bradford-ba… Read More
2021-03-17 20:33
Kia released the first images of its all-electric EV6 ahead of the car’s world premiere in March. The design is based on the Hyundai E-GMP modular EV platform, which Ioniq 5 also share… Read More
2021-03-16 13:27
Rogers Communications Inc. will be taking over Shaw Communications Inc. in a $26 billion deal. Rogers will acquire all outstanding class A and class B shares of Shaw Communications for $40.5… Read More
2021-03-16 12:38
Nokia Corporation, one of the world’s largest mobile phones manufacturer, has announced that it has decided to axe over 7,000 jobs in an effort to cut costs and save over 1 billion eur… Read More
2021-03-15 09:03
Denmark has decided to temporarily suspend the use of the coronavirus vaccine developed by AstraZeneca and the University of Oxford due to reports of adverse blood clot reactions and a death… Read More
2021-03-15 06:37
LG Energy Solution plans to invest more than $4.5 billion in its U.S. battery production business by 2025 in a bid to meet the rising demand for electric vehicles in the future.
The Korean c… Read More
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