Its consumer banking operations in 13 markets in Asia, Europe and the Middle East will be closed down by Citigroup, the company has said. Instead of having separate operations in these identified markets, its four hubs in Singapore, Hong Kong, the United Arab Emirates and London will be used to run these operations, said the…
The largest social media company of the world Facebook has announced that it has achieved net zero emissions which now pits the company to achieve its wider target of net zero emissions by 20203 for its entire supply chain. Over the past three years, it has managed to reduce its greenhouse gas emissions by 94…
After getting listed on Nasdaq through a SPAC merger worth $40 million earlier in the week, the ride-hailing to delivery giant of Southeast Asia – Grab Holdings, is reported to be considering a secondary listing in its home market of Singapore, said a report published by the news agency Reuters quoting information from sources with…
The most dominant ride hailing and food delivery company of South East Asia, Grab, is getting ready to get publicly listed in the United States in a deal which set the value of the company at almost $40bn. The company expects that the listing will allow it to raise as much as $4bn and it…
The challenges that are faced by the big banks in the current phase of pandemic were laid bare by the first quarter results of JPMorgan Chase & Co. The issue for the big banks is that the stimulus programs have helped individuals and businesses to achieve good financial shape but they have enough cash at…
Those activists who had been hoping to establish the first unionised warehouse in the United States in Amazon have been defeated by the company. Labour officials said, workers at the Bessemer, Alabama warehouse voted 1,798 to 738 against the effort. That was a majority of the votes that were cast in the contest and according…
United States based software giant Microsoft Corp will be acquiring artificial intelligence and speech technology firm Nuance Communications Inc in a deal worth about $6 billion in cash, the company said on Monday. Analysts said that this is a part of the strategy of Microsoft to further its business in the area of cloud strategy…
The European airplane maker Airbus saw a surge in deliveries of its planes in March because of a revival of air travel in China and the United States which resulted in its shares also surging. During the first quarter, slightly higher deliveries was reported by Airbus as the company also disclosed 39 gross orders, including…
The continued interest and favouritism of investors for fast-growing fintech firmclompanies arounf the world was at display again as the British financial technology start-up TrueLayer saying that it raised $70 million in fresh funding. The known as APIs, or application programming interfaces technology offered by TrueLayer allows the connection between fintech apps such as Revolut…
Share worth $14.7 billion in the Chinese social media and gaming giant Tencent’s has been sold by the firm’s biggest shareholder. The seller plans to use the money generated from the sale for investing in other growth oriented ventures. The Chinese tech giant Tencent said in a Hong Kong Stock Exchange filing on Thursday that…
