(Financial Times) Property giant China Evergrande Group has been rated “restricted default” by global credit watcher Fitch, as the firm failed to make interest payments this week. Fitch is so…
(Cnet) Meta, the parent company of Facebook, has created an artificial intelligence technology to flag harmful and misleading content quickly. Meta says the new AI system, Few-Shot Learner, requires a…
(WSJ) A US appeals court has ruled that Apple can delay changes ordered by a federal judge on its App Store as part of an antitrust case with Epic Games…
(GameStop) Shares of GameStop plunged more than 4% on Thursday after the company reported a net loss of $105.4 million in the third quarter of 2021, worse than the $18.8…
(CNBC) Shares of Roku rose more than 13% on Wednesday on news that it had agreed on a multi-year deal with Google for its streaming service. The agreement allows Roku’s…
(IBT) China Securities Regulatory Commission has disowned reports saying it seeks to block variable interest entities from foreign funding and listing. The Chinese oversight authority says companies using the VIEs…
(NASDAQ) EPAM Systems Inc. is set to join the S&P 500 index on Tuesday, December 14, to fill a void left by departing Kansas City Southern. The exit of KSU…
(FT) Privacy rules on Apple’s 1 billion iPhone users have been left to the loose interpretation by ad companies who have been granted leeway to obtain aggregated and anonymized data.…
(NBC News) Researchers drawn from the Africa Health Research Institute have found about a fortyfold reduction in Pfizer-BioNTech vaccine-induced antibodies against the Omicron Covid variant. The researchers found that Omicron…
(Umicore) Volkswagen AG is accelerating its 30 billion euro or $34 billion Europe’s electric car investment goal by creating a joint venture with Umicore for its raw material needs. The…
(Twitter) Twitter’s new CEO Nick Caldwell has announced the acquisition of Quill, a business messaging service, in a move seen to diversify from its ad-based model. Following the deal, Quill…
(Tilray) Tilray Inc. has acquired Breckenridge Distillery in a deal it says will steer the cannabis firm towards its $4 billion revenue target by the end of 2024. Tilray banks…