The largest white diamond ever auctioned will go under the hammer in Geneva next week, as part of a sale by Christie’s that features two stones weighing more than 200 carats each. Christened as “The Rock”, the 228.31 carat pear-shaped… Read More ›
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Delaware court rules in Elon Musk’s favor in Tesla SolarCity deal
In a significant development, a Delaware judge ruled that Tesla Inc’s Chief Executive Officer, CEO, Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker to acquire SolarCity Corp in 2016, when Musk was its chairman… Read More ›
SoftBank-backed cryptocurrency exchange 2TM acquires Portugal based crypto exchange CriptoLoja
In a statement, Softbank-backed 2TM, which runs Latin America’s biggest cryptocurrency exchange Mercado Bitcoin said, it will acquire a controlling stake in Lisbon-based crypto exchange CriptoLoja. 2TM declined to disclose the terms of the purchase saying the deal is pending… Read More ›
Blackstone to invest $3 billion in Invenergy Renewables Holdings LLC
In a statement Blackstone Inc said, it would invest around $3 billion in the largest private renewable energy company in North America. The deal marks Blackstone, the world’s largest manager of alternative assets boosting its sustainability credentials in Invenergy Renewables Holdings… Read More ›
Britain’s automotive sector churns up productions, caught up chip shortage whirlpool
In the first half of this year, although car production in Britain has risen by nearly a third from last year’s slump, volumes are however down on the five-year average with the coronavirus-induced COVID-19 pandemic continuing to cause staffing and… Read More ›
Alibaba-backed Energy Monster’s US IPO caught in legal dispute
Alibaba and SoftBank-backed China’s biggest mobile device power bank startup Energy Monster has been caught in an ownership dispute which clouds its chances of a Nasdaq debut, already buffeted by new U.S. regulations to delist foreign companies that do not… Read More ›
Global vaccine producers should match EU’s vaccine exports: Ursula von der Leyen
In a statement, Ursula von der Leyen, the Chief Commissioner of the European Union, said, Europe was the biggest vaccine exporter in the world and challenged other COVID-19 producers to match its exports. After Britain introduced a vaccine exports monitoring… Read More ›
SoftBank Group Corp’s shares soar above 10,000 yen, hits two decade high
On Tuesday, shares of SoftBank Group Corp soared above 10,000 yen apiece hitting its two-decade highs. The development comes a day after the group’s Vision Fund unit reported record profits as portfolio company listings accelerate. As of 0055 GMT, shares… Read More ›
Britain’s JD Sports acquires U.S. based Shoe Palace for $325 million
On Tuesday, British sportswear retailer JD Sports said, it had acquired shoe retailer Shoe Palace for $325 million. The acquisition of Britain’s biggest sportswear retailer marks of U.S.-based Shoe Palace marks its intention of expanding its footprint in the U.S. market…. Read More ›
Berkshire Hathaway-owned BNSF Railway appoints Kathryn Farmer as president and CEO
In a statement, BNSF Railway, one of the biggest railroad operators in Northern America, said it has appointed Kathryn Farmer as its CEO. She will be replacing Carl Ice, who has been at the company’s helm since 2013. Incidentally, BNSF… Read More ›
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