On Thursday, in a significant development, S&P Dow Jones Indices said it would delist Chinese companies including Hikvision from its products, becoming the latest stock exchange to do so following the U.S. Administration ordering restrictions on the purchase of their… Read More ›
According to sources familiar with the matter at hand, Airbnb Inc’s sale of shares during its initial public offering (IPO) sold at $68 apiece, above its targeted price range, and raised around $3.5 billion, giving it a diluted valuation of… Read More ›
On Thursday, in a statement Sony Corp and AT&T Inc’s animation business Crunchyroll stated, the former will purchase the latter for $1.175 billion. The development sees Sony aiming to boost its entertainment content and distribution businesses. The deal will provide… Read More ›
According to three sources familiar with the matter at hand, Washington is preparing to impose sanctions on at least 12 Chinese officials over their alleged role in disqualifying elected legislators in Hong Kong. The move is likely to be formally… Read More ›
According to sources familiar with the matter at hand, Stem Inc, a U.S. artificial intelligence-driven energy storage company stated it is closing in to a deal to go public through a merger with blank-check acquisition company Star Peak Energy Transition… Read More ›
In a development that acknowledges the open secret of China using forced labor in its modern concentration camps in Xinjiang, the United States has banned the import of cotton from the quasi-military organization that uses detained Uighur Muslims in its… Read More ›
In a statement, United Airlines and the American Airlines Group Inc said, they have stopped non-stop flights from the United States to Shanghai, which included Seoul on the route. “We started operating passenger service from DFW (Dallas/Fort Worth) to PVG… Read More ›
On Wednesday, in a statement Walmart Inc said it would remove the $35 minimum order value for subscribers of its loyalty service for next-day or two-day shipping as it gears up for the holiday season online shopping. The change, effective… Read More ›
According to a report from the Financial Times, HSBC Holdings Plc is weighing options which includes a complete exit from the U.S. retail banking market. The development comes in the wake of the bank struggling to improve its performance in… Read More ›
In a statement Amazon.com Inc said, it has decided to spend more than $500 million as a one-time bonus for its front-line employees in the United States who are working through the holiday season midst the coronavirus-induced COVID-19 pandemic. Full-time… Read More ›
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