Four sources told Reuters that Japanese beverage company Kirin Holdings is in discussions to invest $70 million in Indian craft beer maker Bira, doubling down on the rapidly growing South Asian market at a time when it is under pressure to maintain growth at home. According to the sources, Kirin, which made its initial $30…
On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to invest in risky assets due to impending interest rate increases. By market value, Bitcoin, the most valuable cryptocurrency, dropped about 5 per cent to a three-month low of $18,387. The second-largest cryptocurrency, Ether, fell 3 per…
According to sources, the Indian government and central bank have asked Alphabet Inc.’s Google to enact stricter controls to help reduce the use of illegal digital lending applications in India. Despite the fact that Google is outside the Reserve Bank of India’s (RBI) purview, the central bank and the Indian government have reportedly called the…
The computer network of Uber has been hacked. The ride-hailing company stated that it was conducting an investigation after several internal communications and engineering systems were compromised. The breach was first reported by the New York Times after the hacker sent the newspaper images of email, cloud storage, and code repositories. According to the report,…
A Dutch town has sued Twitter for spreading a conspiracy theory that it was once home to a ring of Satan-worshipping paedophiles. False reports that Bodegraven-Reeuwijk was the site of child abuse and murder in the 1980s were first spread by three men in 2020. The main instigator, who grew up in a town near…
EssilorLuxottica extended its partnership with Armani on Wednesday, marking the company’s first capital markets day since the death of chairman and main shareholder Leonardo Del Vecchio in June. The owner of the Oakley and Ray-Ban sunglass brands extended its 15-year licensing agreement with Giorgio Armani’s luxury group. Del Vecchio and the renowned fashion designer first…
Patagonia founder Yvon Chouinard, his wife, and their two adult children are giving up their ownership in the clothing company he founded 50 years ago, donating all profits to projects and organizations that will protect wild land and biodiversity and fight the climate crisis. According to the New York Times, the company is worth around…
According to reports, Goldman Sachs will lay off hundreds of employees. According to sources, the layoffs at the financial investment firm could begin as soon as next week and affect employees across the board. Goldman Sachs declined to comment, but did mention lower profits in its July earnings report. “We have made the decision to…
Twitter shareholders overwhelmingly approved Elon Musk’s offer to buy the company for $44 billion. The decision was made during a brief conference call with investors from the company’s headquarters in San Francisco. It means that Twitter will now go to court to force Elon Musk to buy the company. The meeting came after explosive testimony…
VinFast, a Vietnamese automaker, started giving away its first 100 all-electric sport utility vehicles (SUVs) to local customers on Saturday. U.S. deliveries of the vehicle are expected to start as early as December. VinFast, which launched operations in 2019, is preparing to grow in the U.S. market. With its two all-electric SUVs, the VF8 and…
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