In a significant development, a court in London has approved a $14 billion-plus (10 billion pound-plus) class action lawsuit against Mastercard. According to claimants, 46 million British adults could receive 300 pounds each if it is successful. The class action… Read More ›
In a statement China’s Baidu Inc said, it has raised $1 billion in two tranches of U.S. dollar sustainability bond, marking its first environment, social and governance (ESG) transaction. While the first tranche covers a 5.5-year bond for $300 million the… Read More ›
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 ›
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 ›
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 ›
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 ›
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 ›
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 ›
Manufacturing of its first cars at its “Gigafactory” in Gruenheide, near Berlin, is expeced to be started by United States based Tesla in October or soon afterwards, said the company’s Chief Executive Elon Musk. The anticipated opening of the gigafactory… Read More ›
Tech giants Facebook Inc and Amazon.com Inc have sought approval from the United States government for starting operations of a new undersea data cable between the Philippines and California following the exit of China Mobile from the plan, said a… Read More ›
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