According to a report from the New York Post, Elon Musk is willing to invest between $10 billion and $15 billion of his own money to take Twitter Inc private. Musk, Twitter’s second-biggest shareholder, has a 9.1% stake in the company…. Read More ›
investment
Tesla rolls out Model Y from German Gigafactory
On Tuesday, Tesla is slated to deliver the first 30 Model Y cars to customers at its $5.5 billion (5 billion euro) Gruenheide plant in Germany. The development marks the launch of the model from its first European production hub,… Read More ›
Biden signs executive order prohibiting trade and investment with Ukraine rebel held regions
U.S. President Joe Biden has signed an executive order prohibiting trade and investment by U.S. individuals in the two breakaway regions of eastern Ukraine which have been recognized by Russia as being independent, said the White House. The executive order… Read More ›
Ford Motor to invest $900M in Thailand
In a statement Ford Motor Co said it would invest $900 million to modernize its factories in Thailand which produces its Ranger pickup and Everest SUV; the investment is the company’s single largest in the country. The investment would be through… Read More ›
Turkey ratifies Paris Climate Agreement as developing country
Turkey has become the last G20 country to ratify the Paris climate agreement, after holding off for years over perceptions of injustices in its responsibilities as part of the agreement. Although Turkey has been a signatory to the Paris agreement… Read More ›
KKR acquires New Zealand’s largest bus company Ritchies Transport
In a statement U.S. private equity firm KKR & Co Inc said, it will acquire New Zealand’s largest bus company, Ritchies Transport, marking its first infrastructure investment in the country. Both companies did not disclose the value of the deal; KKR… Read More ›
Chinese state owned companies have stakes in ByteDance and Weibo
Corporate records show that the Chinese government has stakes in Chinese entities owned by ByteDance and Sina Weibo. The news comes midst widening regulatory crackdown on the industry. Shareholder data from the National Enterprise Credit Information Publicity System shows WangTouZhongWen… Read More ›
India pushes back China’s Great Wall Motor, approvals subject to improvements in border row
According to three sources familiar with the matter at hand, China’s Great Wall Motor has decided to re-allocate a portion of its $1-billion investment in India to Brazil following a year-long delay in winning government approvals. The development comes in the… Read More ›
Shares of Indonesia’s GIC Pte Ltd and Ant Group backed tech unicorn jumps by 25% on market debut
Shares of Indonesia’s PT Bukalapak.com jumped by 25% on its trading debut with investors scrambling to get a piece of the action in the country’s first listed tech unicorn. PT Bukalapak.com, which counts Singapore sovereign fund GIC Pte Ltd and… Read More ›
Blackstone and Hudson Pacific Properties to create film, TV, digital production complex worth $1 billion in UK
In a statement Hudson Pacific Properties and Blackstone said, they plan on creating a major film, TV and digital production complex in Broxbourne, UK. The development marks the first overseas expansion of their Sunset Studios platform. The two companies had… Read More ›
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