Adam Korn, a former managing director at Goldman Sachs who played a key role in the bank’s embrace of technology, has joined Sixth Street Partners, an investment firm, as its new chief information officer. Earlier this year, Korn left his… Read More ›
Strategy
Sale Of Organic Food And Drink In UK Surges During Lockdown
During the novel coronavirus pandemic induced lockdowns in the United Kingdom, the demand and sale of organic food and drink rose sharply. Over the past year, the demand and sale of such products have grown at a rate that as… Read More ›
WHO Study Finds Death Of Hospitalized Covid-19 Patients Reduced By Inexpensive Steroids
Results of seven different clinical trials conducted by the World Health Organization and published on Wednesday in the Journal of the American Medical Association show that the risk of death from Covid-19 I reduced by one third by treating novel… Read More ›
William Ackman’s acquisition of Airbnb through blank-check company would mark 2020’s biggest SPAC deal
According to sources familiar with the matter at hand, William Ackman, has approached Airbnb Inc about going public through a reverse merger with his blank-check company. The negotiations though are currently not moving ahead with Airbnb being more focused with… Read More ›
Germany raises 6..5 billion euros in landmark first green bond issue
In a landmark moment for Europe’s push towards climate focused financing, investors lapped up Germany first-ever green bond. Germany has raised 6.5 billion euros from the 10-year bond after investors queued up for over 33 billion euros. “With today’s issue… Read More ›
Robinhood Markets Inc faces a potential fine of more than $10 million from the SEC
According to a report from the Wall Street Journal, Robinhood Markets Inc is being investigated by the U.S. Securities and Exchange Commission (SEC) over its early failure to fully disclose its practice of selling clients’ orders to high-speed traders. The… Read More ›
Pandemic Impact: Worst Economic Slump Reported By Australia
With the restrictions on business and the economy being imposed to prevent the spread of the novel coronavirus pandemic, the Australian economy was pushed into its deepest economic slump on record in the second quarter of the current year. This… Read More ›
Apple’s Market Value Is Greater Than The Entire FTSE 100 Companies Combined
The market valuation of the United States based tech giant Apple is now greater than the total combined value of all of the firms of the top share index of the United Kingdom. With a 4 per cent spurt in… Read More ›
Walmart unveils Walmart Plus membership program, with lower monthly fees than Amazon.com Inc
In a development that sees Walmart Inc ramping efforts to compete with rival Amazon.com Inc’s Prime membership program, Walmart unveiled its own membership program, Walmart Plus, which grants subscribers unlimited free delivery, fuel discounts and the option of zero checkout… Read More ›
PayPal makes splash into Australia’s buy-now-pay-later sector, hammers Australia’s Afterpay’s share prices
On Wednesday, shares of Australia’s Afterpay Ltd as well as its smaller consumer lenders tumbled for a second day following the entry of U.S. giant PayPal into the buy-now-pay-later sector which sent investors scrambling to re-price its stocks. Shares of… Read More ›