Global Markets Begin Week on High note
Major Global Markets News Oracle Reportedly Wins Bid to Acquire TikTok US operations According to the Wallstreet Journal, TikTok's owner ByteDance Ltd. picked Oracle Corp. to buy the app's United [...]
Nvidia to Acquire Chipmaker Arm from SoftBank for $40 Billion
Nvidia's acquisition of Arm for $40 billion makes it the biggest semiconductor deal ever. Nvidia will finance the deal in a mix of cash and stock. Nvidia CEO Jensen Huang [...]
UK signs post-Brexit Trade Deal With Japan
The United Kingdom has secured its first trade deal with Japan after leaving the European, the accord boosting the profile of embattled Prime Minister Boris Johnson-already facing a Brexit rebellion [...]
Global Markets Update
Wallstreet Shares on Wall Street fell on Thursday's session after the US Senate failed to pass a $500 billion stimulus package. The bill was supported by 52 US senators while at least [...]PayPal Extends Partnership with Visa to Drive Instant Global Transfers
PayPal has extended its partnership with Visa to leverage on Visa tools to power instant global transfers. The partnership will allow small businesses and individuals to send and receive money [...]GM Acquires 11% Stake in Electric Truck Startup Nikola for $2 Bn
Chevrolet maker General Motors has signed a partnership deal for a $2 billion equity stake in electric truck startup Nikola. The deal will give GM an 11% stake in Nikola. [...]SoftBank Teams up With Reliance for TikTok India's $3 Billion Business
SoftBank Group Corp is reportedly looking for partnerships with local players in India, planning to buy TikTok India. The bidders' group in talks with SoftBank includes Mukesh Ambani's Reliance Jio [...]Rolls Royce Announces 2 Breakthroughs in AI Ethics
Rolls Royce has announced two breakthroughs in Artificial Intelligence (AI) ethics which will help build the trust gap towards technology and accelerate the fifth industrial revolution. The breakthrough will provide [...]Virgin Atlantic Plans 1,150 More Job Cuts
Virgin Atlantic plans 1,150 more job cuts despite approval of a private-only $1.6 billion rescue plan. The latest job cuts add to the already 3500 job losses reported during the [...]
India Blocks AliPay, TaoBao and 116 Chinese Apps Over Sovereignty Concerns
On Thursday, India blocked 188 mobile applications over concerns that they engage in activities that are prejudicial to sovereignty, integrity, defence, the security of the state and public order of [...]Rocket Internet to Delist From German Luxembourg Bourses as Stocks Tank
Rocket Internet, a major investor in Jumia, will cease trading publicly in the Frankfurt and Luxembourg stock exchanges after its stock price fell by 13% in 2020. The startup incubator [...]Zoom Revenues Grow 355% to Hit $663.5 Million in Q2 2020
Revenues for videoconferencing app, Zoom, have grown by 355% year on year to hit $663.5 million in the second quarter of 2020, as the coronavirus crisis continues to push for remote working. [...]
