In a statement FedEx Corp said, it has named Raj Subramaniam, its operating chief, as its new CEO with effect from June 1, 2022. Subramaniam will succeed FedEx founder Fred Smith, who started the global delivery conglomerate in the 1970’s. Subramaniam,… Read More ›
On Tuesday, for the first time Saudi Arabia celebrated its founding day nearly 300 years ago, and chose to downplay the role played by clerics from the ultra-conservative Wahhabi school of Islam. The anniversary marks the day in 1727 when… Read More ›
A U.S. jury has convicted Elizabeth Holmes, the founder of Theranos, of being guilty of defrauding investors in the blood testing startup. The jury convicted Holmes of of investor fraud and conspiracy, but acquitted her on three counts of defrauding… Read More ›
In a significant development, Huawei’s Chief Financial Officer Meng Wanzhou arrived back in China after fighting U.S. extradition for around three years, in yet another sign of weakening global clout of the United States. The move also reflects a change… Read More ›
In a significant development that marks the impact of U.S. trade embargoes on embattled erstwhile Chinese telecommunications giant Huawei Technologies, the company reported its biggest ever drop in revenues during the first half of 2021. On Friday, Huawei reported revenues… Read More ›
In a statement German stock exchange operator Deutsche Boerse said, it is in the process of acquiring a two-thirds stake in Swiss fintech Crypto Finance, in a move aimed at expanding its offering for digital assets. Deutsche Boerse did not… Read More ›
In a statement Wheels Up, a Private jet company, reported a whopping 68% jump in its first quarter revenues as well as a 56% bump in its active members, as a result of consumers opting to fly private due to… Read More ›
On Monday, Australian casino operator Crown Resorts Ltd said it is not interested in U.S. private equity giant Blackstone Group Inc’s buyout offer since it undervalued its assets and the potential deal would not be in the best interest of… Read More ›
According to a source familiar with the matter at hand, WeWork is in talks to go public through a merger with a special purpose acquisition company (SPAC); it is also seeking funds from private investors a little more than a… Read More ›
Matt Gline, the founder of SoftBank-backed Roivant Sciences, a biotechnology company, said he will be stepping down from the office of the chief executive officer. The company’s Chief Financial Officer (CFO) Vivek Ramaswamy will step into the role of executive… Read More ›
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