As a part of its strategy to partner with large brands to grow in the United States, the British bank Barclays will by purchasing a $3.8 billion credit card portfolio co-branded with clothing retailer The Gap Inc through the bank’s United States arm, the bank said on Friday. According to the bank, it is purchasing…
Even as antitrust regulators of the European Union are expected to launch a full-scale investigation of the acquisition of British chip designer Arm by Nvidia after an initial review, Nvidia is likely to file for approval of the $54 billion takeover deal with the EU antitrust regulator early next month, said reports quoting sources with…
In a statement YouTube said, it had suspended payments to 14 channels accused of spreading fake news on Brazil’s next year’s election by the country’s federal electoral court, the TSE. The bulk of these channels regular provide full support Brazilian President Jair Bolsonaro, a far-right former army captain who has been sowing doubts about the…
An autonomous driving start-up has been acquired by the Chinese electronics giant Xiaomi which has put the company into an industry that is fast becoming extremely competitive. The company said this move is a part of its strategy to further diversify its business from making smartphones and other electronic consumer durables. The autonomous driving startup…
By the end of 2021, Australia’s flagship airline Qantas is slated to take a pandemic related hit of A$20bn (£10.6bn) in lost revenue, the company’s chief, Alan Joyce. These comments were made by Joyce while announcing the results of the company which announced an annual pre-tax loss of A$1.83bn. The pre-tax loss number is limited…
With an increase in military threat from China in recent months, Taiwan plans to spend $1.44 billion on procurement of new fighter jets to bolster its armed forces even as the island announced a more modest speed of increase in defence spending for next year on Thursday. In recent months, military activity near Taiwan has…
The increase in corporate and investment banking activity in the Indian market, as it rebounds from the Covid-19 pandemic hit, has caught the attention of Barclays prompting it to announce an investment of more than $400 million into its business arm in the country so that it can tap into the opportunity. This also marks…
According to sources familiar with the matter at hand, Google is set to enter into a supply agreement with Samsung Electronics Co Ltd for 5G modem for its next Pixel flagship. The development marks the South Korean company’s first entry into the U.S. market which is dominated by Qualcomm Inc. Earlier this month, Google disclosed that…
According to a source familiar with the matter at hand, Western Digital Corp is in advanced talks for a potential $20 billion stock merger with Japanese chipmaker and partner Kioxia Holdings Corp. The talks could potentially conclude in an agreement as early as mid-September in the event of which David Goeckeler, Western Digital’s CEO would…
According to two sources familiar with the matter at hand, the Biden Administration has approved license applications worth hundreds of millions of dollars for blacklisted telecom company Huawei to buy chips for its growing auto component business. While the Trump Administration had imposed trade restrictions on the Chinese company following non-compliance of US sanctions, the…
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