According to sources familiar with the matter at hand, Elon Musk’s SpaceX is poised to become the most valuable U.S. startup with its valuation rising to over $125 billion in an ongoing share sale in the secondary market. The shares,… Read More ›
Strategy
Hedge funds to invested in Twitter before Musk’s planned acquisition to reap big rewards
Prominent hedge funds, including Bridgewater Associates and Point72 Asset Management had invested in Twitter in the first quarter, before Elon Musk unveiled his plans to acquire the company. They are now on course to reap big gains. Headed by Steven A…. Read More ›
Spain aims to be LNG hub in Europe
According to sources from the Spanish government, Madrid is slated to sign a $300 billion deal with Qatar’s sovereign wealth fund, wherein the latter will invest in Spanish projects that are funded by European Union COVID recovery funds. The deal… Read More ›
Biden administration restricting military sales to Taiwan: US business groups
In a significant development U.S. business groups have been critical of the Biden Administration’s Taiwan arms sales policy. In a public letter they said, the policies are too restrictive and failed to address challenges posed by China’s military towards Taiwan…. Read More ›
Iran working on advanced uranium centrifuges at new underground sites: Israeli Defense Minister Benny Gantz
In a statement on Tuesday, Israel’s defence minister Benny Gantz said. Tehran is working on advanced uranium centrifuges at its new underground sites being built near its Natanz nuclear plant. Gantz gave figures that went beyond those published by a… Read More ›
Uber launches food delivery services using autonomous vehicles in 2 California cities
In a statement Uber Technologies Inc said, it has launched a pilot food delivery services using autonomous vehicles in two cities in California; it also said, it was increasing the number of electric vehicle charging stations in its global driver app…. Read More ›
SK Inc ties up with Bill Gates TerraPower on nuclear energy opportunities
On Tuesday, in a statement South Korea’s SK Inc said it had it signed an agreement with a U.S. venture founded by billionaire Bill Gates, TerraPower, to tap opportunities in connection with small-sized nuclear power reactors, called small modular reactors. SK… Read More ›
Britain based Reckitt Benckiser increase baby formula market footprint in US to 50%
In a statement Reckitt Benckiser said, it is boosting its production of baby formula by about 30% and increasing the frequency of deliveries to stores in order to mitigate a shortage in the U.S. supermarkets. The company which makes the baby… Read More ›
Orders for Tesla’s Cybertruck to be limited to North America for now: Elon Musk
According to a post on Tesla Inc’s website, the US electric vehicle maker has stopped taking orders for its Cybertruck pickup truck outside of North America. Tesla is taking order for the Cybertruck only in the United States, Canada and… Read More ›
China’s Economy Dips In April As Factories And Retailers Are Shut Down
Widespread COVID-19 lockdowns confined workers and customers to their homes and significantly disrupted supply lines in April, casting a long shadow over the world’s second-largest economy. In March and April, full or partial lockdowns were imposed in key cities across… Read More ›
manageria.biz 