Elon Musk has threatened to walk away from his $44 billion bid to acquire Twitter Inc if the social media company fails to give the data on spam and phoney accounts that he requires. This was not the first time Musk had publicly stated that his acquisition of Twitter might not take place. The threat,…
Checkout.com, the online payments provider, has announced that it will use stablecoins to settle payments for its merchants around the clock, making it the final major financial services firm to enter the crypto space. The start-up, which competes with PayPal and Stripe, announced on Tuesday the launch of a feature that will allow businesses to…
Apple Inc has disclosed plans to more completely incorporate its software into automobile core driving systems, as the iPhone maker unveiled a bevvy of new payment and corporate collaboration tools, as well as a couple of new laptops. The announcements at Apple’s annual developer conference demonstrated a corporation that was once an outsider firmly entrenched in…
Solid Power, a producer of solid-state batteries for electric vehicles, said on Monday that it hopes to begin shipping pre-production battery cells by the end of the year for validation testing by partners BMW and Ford Motor. Solid Power’s chief executive and co-founder, Doug Campbell, said in an interview that the Colorado company has put…
Binance, the largest cryptocurrency exchange in the world, is opening its own venture capital fund. Binance Labs, the company’s venture arm, announced Wednesday that it has raised $500 million for its first start-up fund, with support from venture capital companies DST Global and Breyer Capital, as well as undisclosed family offices and organisations. It comes…
Ripple and FTX, two leading cryptocurrency startups, are looking for acquisitions as the industry seeks to drive expansion by acquiring other companies, accoridng to a report by CNBC. It indicates that some crypto firms believe they are substantial enough and well-capitalized to spend money on acquisitions. In an interview last week, Brett Harrison, president of…
Electric vehicles are not the only efficient way to reduce carbon emissions created by the automobile sector, according to the leader of Italy’s automotive lobby on Tuesday. Other technologies, according to Paolo Scudieri, chairman of the automotive industry organisation ANFIA, might help to decarbonize the industry, fulfilling the same emissions targets while retaining know-how and…
GSK agreed to buy Affinivax, a U.S. biotech, for up to $3.3 billion on Tuesday, its second large transaction in two months, giving the British pharmaceutical giant access to the company’s pipeline of next-generation vaccines. GSK, one of the world’s largest vaccine manufacturers, has been under pressure to strengthen its pharmaceutical pipeline ahead of the…
Soon after the world’s largest trading bloc agreed to put a partial embargo on Russian crude, Moscow committed to find new importers. The European Union resolved on Monday to restrict most Russian oil imports by the end of the year as part of fresh sanctions aimed at punishing Russia for its unjustified invasion of Ukraine.…
The competition authority in the United Kingdom has launched a new inquiry into Google, focusing on the company’s role in the advertising technology sector. It’s the UK’s second major antitrust investigation into Google’s ad practises. Earlier this year, the Competition and Markets Authority and the European Union opened a separate inquiry into Google and Facebook…
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