GM-Backed Cruise set to Acquire Voyage
General Motors’ majority-owned autonomous vehicle subsidiary Cruise has agreed to acquire self-driving car start-up Voyage, according to CNBC. The companies did not disclose the terms of the deal. Voyage CEO…
Chinese Officials Want Alibaba to Dispose of its Media Assets
Chinese government has asked Alibaba Group Holdings Ltd to dispose of its media assets, according to The Wall Street Journal. The move comes as officials are becoming concerned about the…
China Facing “Mounting Pressure” to Create Jobs as Unemployment Rate Holds at 13.1%
China’s unemployment rate for those aged 16 to 24 was 13.1% as of February, above the national urban jobless rate of 5.5%, according to the National Bureau of Statistics press…
Nintendo Surges on Reports of Record Year in Switch, Game Sales
Nintendo shares rose 1.6% in Tokyo on Monday after reports emerged it projects record software and Switch sales in the coming year, according to Bloomberg. A series of marquee game…
Amazon-Backed Deliveroo Targets Sale of $1.4 Billion of New Shares in IPO
Deliveroo plans to sell about 1 billion pound or $1.39 billion of new shares in its upcoming initial public offering, according to Reuters. The listing will also include the sale…
Cryptocurrency Miners and Traders in India can Face Penalties
India will propose a law banning cryptocurrencies and penalizing anyone trading or holding the digital assets in the country, according to Reuters. The proposed law, one of the world’s strictest…
Tesla Soars on Talk Reports with India’s Tata Power for EV Charging Infrastructure
Tesla shares rose 5.5% after CNBC-TV18 reported it is in talks with Indian conglomerate Tata Sons’ power generation unit, Tata Power, according to Reuters. The alleged talk with Tata Power…
SEC Targets Ripple Executives with Personal Information Request
The U.S Securities and Exchange Commission is seeking personal financial information of two Ripple Labs Inc. executives, according to Bloomberg. SEC claims the company misled investors in the cryptocurrency XRP…
Asia-Pacific Markets Follow Wall Street Peers. Close up Higher on Friday
Japan’s Nikkei 225 rose 1.73% or 506.19 points, to a high of 29,717.83 on Friday as other Asia-Pacific markets drifted higher. The rise in Asia-Pacific stocks follows U.S peers which…
Japan Post Group Agree to Capital and Business Alliance with Rakuten Group
Japan Post Holdings Co. Ltd, Japan Post Co., Ltd, and Rakuten Inc. have signed a business alliance agreement to strengthen their collaborations, according to press release. The collaborations cut across…
PWC: Post-Brexit U.K to Become 4th Favourable Investment Destination. Overtakes India
A survey by PricewaterhouseCoopers ranks post-Brexit Britain as the fourth most favored investment destination, according to Reuters. The survey involved CEOs of more than 5,000 companies. Britain’s attractions have been…
Americans to Start Receiving Relief Payments this Weekend-Yellen
U.S Treasury Secretary Janet Yellen says Americans will start receiving $1,400 relief payments this weekend, reports Bloomberg. The remarks came hours after the enactment of the $1.9 trillion pandemic-relief bill…
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