Athene Holding Ltd will be acquired by Apollo Global Management Inc in an all-stock deal worth $11 billion which will result in adding an annuities provider to Apollo that had helped the company to become one of the largest corporate credit investors of the world. Athene has been paying annuities provider to Apollo for over…
The first ever tweet on the social media platform is up for sale. This was stated by the company’s founder Jack Dorsey as he listed his famous post – “just setting up my twttr”, to be sold as a unique digital signature on a website for selling tweets as non-fungible tokens (NFTs). The offers for…
Following the attempt by the Indian government to pressurize Twitter to take down accounts it deemed incendiary, strict new rules for Facebook, Twitter and other social media platforms have been issued by the government. According to the new regulations, the government expects social media companies to create three new job profiles for their operation in…
Italy has reportedly blocked a shipment of the AstraZeneca-Oxford’s Cvoid-19 vaccine to Australia on Thursday marking the first intervention by the European Union into the supply of coronavirus vaccines, claimed a report by Reuters. Permission to ship around 250,000 doses of the vaccine from its Anagni, Italy, plant was made by the British pharma giant…
The United States electric car maker will now play the role of a technical partner in a nickel mine – a mineral that is an essential requirement for making of lithium-ion batteries which power electric vehicles. With the aim of securing long term supply of the metal usually in short supply, Elon Musk’s car company…
The trend of working from home that came into prominence during the Covid-19 pandemic is here to stay, said the chief of Zoom Eric Yuan. The company that offers video conferencing services grew at an unprecedented rate during the pandemic with people working from home and therefore required a medium to hold virtual meetings. Sales…
A case was filed against the largest online retailer of the world Amazon.com Inc by a manager of the company over discrimination. In the litigation, the manager has alleged that the company hires Black people for lower positions while also promoting them more slowly compared to white workers. The manager also alleged that she was…
Citigroup Inc was forced to revise its earnings for the fourth quarter of 2020 as the company said that it had recorded an additional $390 million in operating expenses during the quarter following a ruling by a federal judge in the United States which barred the banking company from recouping any money from the amount…
A national digital payment network in India is set to be formed in a partnership between India’s largest conglomerate Reliance Industries and tech companies Facebook Inc, Google and fintech firm Infibeam, according to reports. An invitation to private companies to form new umbrella entities (NUEs) for creating a payments network was given by the…
A paper gain of almost $3.3 billion on an investment of $43 million personal investment in the blank-check acquisition firm they are merging with luxury electric vehicle startup Lucid Motors Inc have been made by veteran dealmaker Michael Klein and his partners, said a report from Reuters. A meteoric rise in the shares of Klein’s…
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