Global Markets; Wall Street, Paypal Crypto, WhatsApp in Brazil, Tesla Amazon News
Wall Street Major indices on Wall Street closed lower on Tuesday as the markets await President Joe Biden's Wednesday reveal of his administration's economic pan and the infrastructure bill that [...]
Xiaomi Ventures into Electric Vehicles, Invests $10 Billion
Chinese smartphone maker, Xiaomi, has announced its venture into the electric car business, initially investing $1.52 billion in the wholly-owned subsidiary, with a total investment goal of $10 billion over [...]
Boeing Bags Largest Order for 737 Max Jets from Southwest Airlines
U.S. planemaker, Boeing, has bagged its largest order so far for the troubled 737 Max jets since the aircraft’s safety ban was lifted in the United States late last year. [...]Visa to Allow Payments Settlements in Cryptocurrency USDC
Visa has announced that it will allow payment settlement via cryptocurrency, bridging digital and traditional fiat currencies. The card provider has launched a pilot payment program in partnership with Crypto.com [...]Global Markets; Suez Crisis, US-China Tensions, Vaccine Updates
Suez Canal Ship Shoei Kisen Kaisha, the owner of Ever Given, the large ship that blocked the Suez Canal since Tuesday last week, said on Monday the ship had turned [...]New York Legalizes Marijuana for Recreational Use
New York has announced the legalization of marijuana for recreational use. This means that cannabis use would become legal for adults 21 years old and up. They will purchase marijuana, [...]Telegram Raises $1 Billion in Debt Financing
Telegram has raised close to$1 billionin debt financing by selling bonds. This includes $75 million from Mubadala and another $75 million from Abu Dhabi Catalyst Partners in exchange for 5-year [...]The Suez Canal Blockage Costing Global Trade $9.6 Billion Daily
A large container ship on Tuesday this week blocked ship traffic in the Suez Canal after getting stuck sideways within the canal. According to media reports from the scene, attempts [...]Mobile Cash Daily Transactions Globally hit US$2 Billion-GSMA
Mobile Cash transactions per day on a global scale exceeded US$2 billion and is expected to surpass US$3 billion a day by the end of 2022 GSMA. The State of [...]
Global Markets; Biden's Next $3T Package, WeWork $3.2B Loss, Dorsey's NFT sold for $2.9M
Wallstreet Major indices on Wall Street closed Monday's session higher on the back of news that President Joe Biden's advisers are preparing to deliver legislative proposals this week on the [...]IMF raises Reserves by US$ 650 Billion to assist pandemic-hit Countries
The International Monetary Fund (IMF) is boosting its reserves by some US$650 billion, to help pandemic-hit countries deal with immediate external financing pressures. The Fund will help emerging, and frontier [...]U.K's Uber Drivers to get Minimum Wage, Fringe Benefits
Uber, a US-based taxi-hailing app, will now be required to give its drivers a minimum wage, vacation pay and other fringe benefits to its drivers in the United Kingdom This [...]
