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 [...]Daily Global Markets Update
US Markets The SP 500, an index that measures the stock performance of 500 large companies listed on stock exchanges in the United States hit an all-time high of 3,395.06 [...]
Oracle in Talks to Buy TikTok's U.S. Operations
Oracle Corporation has expressed interests in buying TikTok's operations and has already held preliminary talks with TikTok's Chinese owner, ByteDance. The company is considering buying the app'soperations in the United [...]Global Markets Weekly Report
Geopolitics US Democratic Party nominee Joe Biden recently unveiled California Senator Kamala Harris as his running mate for the November 3rd 2020 presidential election. Kamala Harris becomes the first black woman [...]EasyJet Raises £600 Million from Sell Offs Leasebacks
Europe's second-biggest low-cost airline, EasyJet, has raised £600 million from selling off and leasing back part of its fleet. The airline said a £203 million deal for five Airbus A321neo [...]India Excludes Huawei, ZTE in its 5G Trials
India will bar Huawei Technologies and ZTE Corp from its 5G trial plans on the grounds of defense of India on matters directly or indirectly related including national security. The [...]
