Tesla to Allow Bitcoin as the Mode of Payment for its EVs
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 Didi Prefers New York over Hong Kong for IPO. Expects $100 Billion Valuation
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 Stock Benchmark Held at Key Support Level after Massive Sell-Off
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…
Fintech Startup Revolut Submits Application for Bank Charter in the U.S
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…
Sales of New Houses Slips to 775,000 in February
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 Targets a Space-Based 5G Network in Omnispace Partnership
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 Cites Security Issues in Blocking Rolls-Royce Sale of Engine Maker to Russia
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 Plans for a SPAC Listing Deal amid a $3.2 Billion Loss in 2020
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 Health Agency Raises Concerns over AstraZeneca Vaccine Trial Data
U.S Data Safety Monitoring Board has expressed concern that AstraZeneca may have included outdated information in trial results of its Covid-19 vaccine, according to CNBC.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…
Biden Administration is Considering a Hefty $3 Trillion as Next Economic Plan
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…
Geely Listing Plans Hit Deadlock as Regulator Raises Concerns
Geely Automobile Holdings Ltd.’s listing on Shanghai’s Star board hit a stalemate after China’s regulator questioned if it is tech enough for the bourse, according to Bloomberg. The company was…
Microsoft in Talks to Acquire Video Game Discord for $10 Billion
Microsoft has reportedly held preliminary talks to buy video game chat platform Discord for $10 billion, according to Seeking Alpha. Discord is still open to other potential suitors, and no…
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