Weekly Deals Digest; Aug 19th – 25th 2020
In this third issues of the Weekly Deals Digest, we cover the deals in emerging markets like Argentina, India and Mexico. We also have tidbits from Africa and the rest [...]
Walmart Partners With Microsoft in TikTok Buy, Eyeing New Ad Revenues
Walmart confirmed that it would join Microsoft to bid for Tiktok's purchase in a deal that would boost its e-commerce strategy, giving it leverage against Amazon. If the bid succeeds, [...]Global Markets Report
The United States stock markets were mixed at the closing bell on Thursday after hitting record highs on Wednesday's trading session. The Dow Jones Industrial was up 0.57% with Walmart [...]Rolls-Royce Reorganization Saves £ 1.3Bn
The impact of the COVID-19 pandemic on the whole civil aerospace industry worldwide is unprecedented and a global issue. Rolls-Royce has taken swift action to deal with the sudden short-term [...]Global Markets Brief
Salesforce Stock Surge on Strong Earnings Salesforce Inc shares rose by as much as 25% on Wednesday to hit an all-time high of 277.90 per share following positive earnings growth [...]American Airlines to Slash 19,000 Jobs
American Airlines has announced plans to slash 19,000 jobs with effect from October 2020, just after the government wage support scheme to airlines comes to an end. In addition to [...]WorldRemit Eyes $500M Sendwave Acquisition in Q4 2020
WorldRemit is planning to acquire Africa centric remittance platform Sendwave for a cash and stock deal worth over $500 million. The deal is expected to close in 2020 Q4, subject [...]Pandemic Lowers Global Smartphone Sales to 296 Million Units in Q2
Global sales of smartphones reached 296 million units, a decline of 20.4 per cent at the end of Q2, 2020. This fall has been attributed to disruptions occasioned by the [...]
Airtel MoneyGram Partner for Global Money Transfers
Airtel subscribers will be able to send or receive cash through their mobile wallets to over 200 destinations on the worldwide MoneyGram platform. This follows a deal between the mobile [...]Uber Lyft Threaten to Shut Down California Operations
Uber and Lyft have threatened to shut down their operations in California, one of the rideshare companies’ largest markets, if the court does not lift an order requiring the two [...]Airbnb Submits Paperwork for IPO, Ditches Prospects of Direct Listing
Airbnb has filed paperwork for an Initial Public Offering with the U.S Securities and Exchange Commission (SEC). An initial public offering for the company will follow after the SEC completes [...]Apple's Market Cap Hits $2 Trillion, Setting Another Valuation Milestone
Apple's market capitalization surpassed the $ 2 trillion mark as its share price hit $468.65 on Wednesday. The surge pushed the company's market value to $2.004 trillion with a share [...]
