On Friday Elon Musk said, his $44-billion acquisition of Twitter Inc temporarily placed on hold, citing pending details on spam and fake accounts. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5%… Read More ›
In the week ending May 11, equity funds across the globe witnessed a surge in outflows on the back of fears of an economic slowdown and further tightening by central banks as they take steps to stem inflation. In the… Read More ›
In a statement on Friday, Japanese automaker Nissan Motor Co said, it was too early to say whether it would spin off its electric vehicle (EV) business like Renault is seeking to do. “It’s too early to consider because of our… Read More ›
On Thursday Barclays said, it has appointed Hossein Zaimi as its head of markets for Asia Pacific; he will be joining the bank after a long career at HSBC. Zaimi will continue to be based in Hong Kong and report to… Read More ›
Chinese developer Sunac China has missed the deadline for a coupon payments on a $742 million offshore bond and said, it doesn’t expect to make payments coming due on other bonds as well. The development adds to the wave of defaults… Read More ›
Late on Wednesday, Grocery delivery app Instacart Inc said, it has confidentially filed for an initial public offering (IPO) with the SEC. San Francisco-based Instacart has not specified the size of its IPO, nor has it mentioned the price range… Read More ›
As per a report from ANSA news agency, pro-Russian hackers have attacked websites of several Italian institutions, including the senate. A hacker group called “Killnet” has claimed responsibility for attacking Italy’s National Health Institute (ISS) as well as the Automobile… Read More ›
Finland’s President Sauli Niinisto is expected to give a go-ahead to Helsinki joining the NATO military alliance, marking a major shift in security policy. Finland, which shares a 810 mile (1,300 km) border with Russia, has gradually stepped up its… Read More ›
In a statement the US Federal Aviation Administration (FAA) said, it had “shifted course on its approach to approving pilots of future electric vertical takeoff and landing aircraft (eVTOL)”, but does not expect delays in certification or operational approvals. eVTOL… Read More ›
On Wednesday, Siemens Energy warned of increased sales and margins pressure due to worsening problems at its wind turbine division Siemens Gamesa, which has been hit hard from supply chain disruptions. Results at Siemens Gamesa, which in January issued its third profit… Read More ›
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