There has so far been mild impact of the US-China trade war, claimed Cosco Shipping Ports (CSP) which is amongst the largest container terminal operators in the world, as the company reported an increase of 70 per cent jump in adjusted profit for the first half the current year. But the company also warned that…
Following the accusation that a driver of China’s biggest ride-hailing company, Didi Chuxing, had raped and killed a woman passenger, the company announced the suspension of one of its services for the second time this year. While apologizing for “disappointing mistakes”, the company said that it has dismissed two senior managers after the incident that…
The development is aimed at placing Europe on par with the U.S. and China vis-a-vis 5G. While the U.S. and China have moved rapidly to deploy the nascent 5G technology, Europe is not one to be left behind. Although the development of 5G mobile networks are still nascent, so as to develop them further Telecom…
companies in the conglomerate are set to form joint ventures that will see them develop solutions for separate components of self-driving technologies. On Monday, four companies from the Toyota Motor Corp stated they would form a joint venture to develop software that manages components for self-driving technology including brakes, steering and others. In a joint…
Malta registered Huulk allows the trade of commodities, stocks and sharia compliant products. It aims to partner with several European exchanges in the coming weeks. On Monday, as per Ibrahim Mohammed, the Chief Executive of Huulk, a new digital exchange has been launched aimed at listings financial technology firms which are sharia compliant. The development…
The potential $285.4 to 356.7 million deal assumes significance since, 1) it marks Buffet’s first direct investment in India and 2) it values Paytm at over $10 billion. On Monday, as per a report from the Economic Times, Berkshire Hathaway Inc is in talks with India’s One97 Communications Ltd, the parent of digital payments firm…
The shareholders of the electric carmaker Tesla managed to convince its founder and CEO Elon Musk not to take the company private and urged the billionaire to keep the company public. In a statement issued by Musk on Friday night, Musk said that the he had taken a decision to keep the company public and…
Shareholders of Cigna Corp voted to allow the company to acquire the pharmacy benefit manager Express Scripts Holding Co for $52 billion. However, the health insurer’s acquisition would still have to go through clearance from antitrust authorities. The voting by the shareholders were completed on anticipated lines following the walking away of activist investor Carl…
Short sellers and investors who have attacked the company have been cited as one of the reasons why Musk launched his take Tesla private bid. In a significant development, Tesla Inc’s CEO Elon Musk has stated, he would listen to shareholder’s concerns and will no longer pursue his $72 billion bid to take the company…
One of the companies that has benefitted form the turmoil that is currently underway at the electric car4 maker Tesla is Apple. According to a report in the new channel CNBC, so far this year, about 46 people have bene recruited by the Silicon Valley technology giant from Tesla. According to the news report which…
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