Elliott Management, Oncor’s largest creditor, has unveiled its bid of $18.5 billion topping Berkshire’s bid of $18.1 billion. The hedge fund has let it be known that it would support Berkshire’s or any third party’s bid, if they were to… Read More ›
Creativity
Stripe partners with Alipay and WeChat Pay to tap China’s e-commerce market
The deal allows Chinese consumers to make international payments through Stripe. In a significant development, Stripe a Silicon Valley startup, has partnered with China’s Alipay and WeChat, to enable digital payments for merchants using its platform globally. Now Stripe can… Read More ›
U.S. oil production balancing oil prices
If it weren’t for U.S. oil, crude oil prices should have touched $100 a barrel. As per a report from Barron’s, thanks to the heightened demand for oil, and reduced supplies from the Organization of the Petroleum Exporting Countries (OPEC),… Read More ›
Apollo Global Management LLF acquires ClubCorp Holdings Inc for $1.1 billion
Apollo has been a prolific acquirer of golf courses. On Sunday, Apollo Global Management LLC announced it has agreed to acquire, ClubCorp Holdings Inc, one of the largest owners and operators of a private country and golf clubs in the… Read More ›
Tesla Has 100 Day Deadline To Deliver After Winning Giant Battery Contract In Australia
In what experts say will be a litmus test for the reliability of large-scale renewable energy Tesla Inc has won an Australian contract to install the world’s biggest grid-scale battery. In order to build the gigantic lithium-ion battery that will… Read More ›
UK’s retail sector sees biggest jump in sales in 6 six years
The British economy seems a little confused if not undecided: while some retailers have reported a surge in their quarterly revenues some have warned of weaker profit outlooks. As per the results of a survey disclosed on Friday, in June… Read More ›
Cyberattacks take a toll on Mondelez’s second quarter revenues
The Cadbury’s owner has yet to assess the total damage caused by the cyberattacks. Mondelez International Inc, the second biggest confectionery company in the world, has stated that its second-quarter revenue growth would shrink by 3% due to the recent… Read More ›
South Australia picks Tesla for grid-scale battery project
South Australia has shutdown polluting coal-based power plants and has instead embraced renewable energy sources. In a significant development, Tesla has been picked by South Australia to install a grid-scale battery which is to be paired with France’s Neoen wind… Read More ›
Britain sets Brexit terms – wants frictionless trade
Does this amount to wanting to have the cake and eat it too? EU’s chief Brexit negotiator had earlier made it amply clear, once Britain leaves the bloc, frictionless trade is not possible. In the wake of the shock outcome… Read More ›
VW recalls 766,000 vehicles worldwide
The affected vehicle’s brake control systems will be updated. Volkswagen’s spokesman has disclosed the company will be recalling 766,000 vehicles of its core passenger car brand worldwide in order to update its brake control systems. As per the company,… Read More ›
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