Deliveroo Plans 8 March for IPO Launch
Food delivery startup Deliveroo is reportedly planning to lay out plans for an initial public offering in London on March 8, according to Bloomberg. The date is subject to change,…
Uber Calls the EU to Introduce a Framework for Gig Economy
Uber has asked the European Union to implement reforms that protect drivers and couriers operating through an app, according to CNBC. The reforms could include new laws similar to proposition…
US Stock Market Takes a Pause to Observe Presidents’ Day
Traders will get an extended weekend to observe Washington’s Birthday, also known as President’s Day, celebrated on the third Monday of February. The New York Stock Exchange and Nasdaq will…
Could China Use U.S Tech Supplier for Unauthorized Intrusions?
U.S investigators found tampering products made by Super Micro Computer Inc., according to Bloomberg. China is believed to be at the center of meddling with Super Micro products for unauthorized…
U.S Consumer Sentiment Plunges to a Six-Month Low as Inflation Expectations Surge
U.S consumer sentiment index fell to a six-month low of 76.2 from 79 last month, according to the University of Michigan press release. The consumer sentiment was far much below…
Richard Branson’s Virgin Galactic Slips on Delayed Rocket Tests
Virgin Galactic Holdings Inc. fell by 9.2% to $53.95 in early trading after it delayed a test flight of the SpaceShipTwo Unity, according to Bloomberg. The test, set for Saturday,…
Germany Motor Vehicle Authority Says Tesla Must Recall 12,300 Model X Cars
Germany’s motor vehicle authority KBA said Tesla must recall about 12,300 Model X cars worldwide, according to Reuters. The recalls are due to car body moulding problems. KBA says there…
Nasdaq’s Crypto ETF Debuts on Bermuda Stock Exchange
Nasdaq Crypto Index ETF made its debut on the Bermuda Stock Exchange on Tuesday, according to The Block. The ETF will be available to a smaller pool of investors and…
Demand Surges, Shifts to Outsourcing. Here is why there is a Chip Shortage
Chips are projected to remain in short supply in the coming months as demand remains higher than ever, according to CNBC. The shortage started as the surge in demand for…
Commerzbank Incurs $3.3 Billion Q4 Loss on Restructuring Cost, Pandemic Impacts
German Commerzbank reported a net loss of 2.70 billion euros or $3.27 billion in Q4, up from a loss of 97 million euros a year earlier, according to the company’s…
Shell Yields to Climate Action Pressure, Vows to Eliminate Carbon by 2050
Energy giant Royal Dutch Shell plans to eliminate net carbon emissions by 2050, an improvement from the initial 65% target, according to Reuters. The company seeks to expand renewables and…
Climate Actions Could Cost Oil and Gas Economies $13 Trillion
At least 19 economies that depend on oil and gas exports are reportedly at risk of losing trillions of dollars by 2040 due to climate action initiatives, according to Bloomberg.…
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