Author Archives
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Sweden’s Embracer acquires 3 companies midst surging profits
On Wednesday, Europe’s largest gaming firm by market value said, it had agreed to acquire 3 companies after posting record revenues in the first quarter. Earlier this month, Sweden’s Embracer, which has a strategy of boosting growth through deals, said… Read More ›
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Blue Origin files lawsuit against US government over awarding $2.9 billion contract to SpaceX
Blue Origin has filed a lawsuit against the U.S government over NASA’s decision to award a $2.9 billion lunar lander contract to SpaceX. In its lawsuit Blue Origin said, its lawsuit is “an attempt to remedy the flaws in the… Read More ›
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Citigroup hires veteran tech banker Dhiren Shah
According to an internal memo from Citigroup, the bank has hired Dhiren Shah, a veteran tech banker, from Credit Suisse Group AG, as it doubles down on investing in its tech franchise. Shah’s departure from Credit Suisse marks the latest… Read More ›
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Chinese state owned companies have stakes in ByteDance and Weibo
Corporate records show that the Chinese government has stakes in Chinese entities owned by ByteDance and Sina Weibo. The news comes midst widening regulatory crackdown on the industry. Shareholder data from the National Enterprise Credit Information Publicity System shows WangTouZhongWen… Read More ›
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BT names Adam Crozier as its chairman
On Tuesday, BT named Adam Crozier as its next chairman. Crozier would join office on December 1, 2021. His appointment comes at a time when the group is seeing on its most important period in its 175-year history. BT, which… Read More ›
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GM to replace Chevrolet Bolt battery modules following fire risk
In a statement General Motors Co said, it will replace all battery modules in some Chevrolet Bolt electric vehicles (EVs) following a recall earlier this month. The replacement of the module could start as early as later this month. The… Read More ›
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WSF to sell entire 20% stake in Lufthansa by 2023
On Monday, a German finance agency said, Berlin plans on selling up to a quarter of its 20% stake in Lufthansa over the coming weeks citing positive developments at the bailed-out airline. With the news reaching the market, Lufthansa’s shares… Read More ›
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Saudi Aramco in advanced negotiations to purchase 20% stake in India’s Reliance Industries for $20 billion
According to a report by Bloomberg on Monday, Saudi Aramco is in advanced negotiations to acquire a 20% stake in Reliance Industries Ltd’s oil refining and chemicals business for around $20 billion to $25 billion in Aramco’s shares. An agreement is expected… Read More ›
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Taliban should not be recognized as Afghanistan’s government: Boris Johnson
In a statement British Prime Minister Boris Johnson said, countries across the globe should not recognise the Taliban as the government of Afghanistan saying, it was clear that there would be a new administration in the country shortly. “We don’t… Read More ›
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Pakistan-backed terror group Taliban gains full control over Afghanistan
In a statement a spokesman for the Taliban’s political office said, war was over in Afghanistan and called for peaceful relations with the international community. In an interview with Al Jazeera TV, Taliban’s spokesman Mohammad Naeem said, the Taliban did… Read More ›
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