The planned acquisition of the British semiconductor designing company Arm by Nvidia Corp could present competition issues, indicated Tesla chief executive Elon Musk, according to a report published by the Telegraph reported on Saturday. The report stated that opposition to… Read More ›
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July Retail Sales In Australia Decline, Analysts Expect Shrinking Of Economy
With government imposing lockdowns because of rising Covid-19 cases forcing shutting down of stores and services in the largest city of Australia which was partly responsible for a plunge in retail sales in the country in July. According to analysts,… Read More ›
$500 Mln Raised By Geely’s EV Brand Zeekr In Its First Finding Round
With significant interest from investors including Intel, battery maker CATL and online entertainment firm Bilibili, the premium electric vehicle brand by Geely, Zeekr, raised as much as $500 million from its first external funding round. The total stake of the… Read More ›
Trials For A Digital Rupee Could Be Started By December By India’s Central Bank
The first trials for its own digital currency could be launched by the Reserve Bank of India, the central bank of the country, by December, said the governor of the central bank Shaktikanta Das in a media interview. The potential… Read More ›
China Considering New Laws To Ban Chinese Firms With Sensitive Data From US Listing
Chinese authorities are trying to formulate new regulations that would prevent domestic internet based companies from getting publicly listed in the United States, said a report published by The Wall Street Journal on Friday. The Journal reported, citing people familiar… Read More ›
July Car Production In UK Hit Lowest Level Since 1956
Car manufacturing in the United Kingdom declined in July to its lowest for the month for the entire industry since 1956, showed data available from a trade group. There was a 37.6 per cent year on year drop in cars… Read More ›
‘Normal Communication’ Being Maintained With US On Trade, Claims China
“Normal communication” with the United States is being maintained by China on the issue of trade, the Chinese government said on Thursday. This is one of the very few areas where the two largest economies of the world have not… Read More ›
Citi Could Soon Offer Bitcoin Futures Trading For Some Of Its Institutional Customers
An increase in demand for services in the cryptocurrency space has now prompted Citigroup Inc to closely consider offering some of its institutional customers the services of bitcoin futures trading, a spokesperson for the bank said earlier this week. After… Read More ›
Euro Zone Business Activity Growth Increased Further In August
There was further strength in business activity in the euro zone in August with only a slight decline from tee July number which was a two decade high for any month as more companies and businesses were able to reopen… Read More ›
Continued Chinese Clampdown Results In Half A Trillion Dollars Being Wiped From China Markets In A Week
The continued crackdowns by Chinese regulators on domestic tech companies hit investors’ confidence – consequently tech stocks of the country hit new lows while Hong Kong’s benchmark index touched an almost 10-month low. Within just a week, the fall in… Read More ›