World’s major automakers are suspending operations in Asia, Europe, and North America on persistent shortage of semiconductors, according to Bloomberg. The shortages were worsened by fire at a key chip-producing…
U.K Composite Output Index rose to a 7-month high of 56.6 in March, up sharply from 49.6 in February, according to IHS Markit press release. The index signaled a strong…
Tesla Inc. CEO Elon Musk has allowed company’s electric vehicles to be bought using bitcoin, according to Reuters. Musk said the bitcoin option will be availed outside the U.S later…
China’s top ride-hailing firm Didi Chuxing is eyeing a valuation of at least $100 billion in New York listing, according to Reuters. The company has also discussed the option of…
China’s CSI 300 Index plunged 1% to close at 5,009.25 points, extending its decline from this year’s peak to almost 14%. The index briefly pieced through the key support level…
London-based fintech startup Revolut is applying for a bank charter in the U.S, according to release. The company has filed a draft application with the FDIC and California Department of…
U.S sales of new single-family houses in February were at a seasonally adjusted annual rate of 775,000, according to the Census Bureau press release. The sales are 18.2% below the…
Lockheed Martin and satellite start-up Omnispace have agreed to jointly develop 5G capability from space, according to CNBC. The partnership allows building a global 5G network that enables users to…
Norway will block Rolls-Royce from selling the maritime engine maker Bergen Engines to a Russian company, according to Reuters. The blocking of the 150 million euros sale to TMH Group…
WeWork is in talks with BowX Acquisition Corp., a blank check company, for its listing plans, according to CNBC. The company seeks $1 billion from prospective investors in investment and…
U.S Data Safety Monitoring Board has expressed concern that AstraZeneca may have included outdated information in trial results of its Covid-19 vaccine, according to CNBC. The concerns cast doubts over…
President Joe Biden's team is targeting as much as $3 trillion worth of measures to include in the long-term economic program, according to Bloomberg. The proposal will be presented to…