In a statement the U.S. Securities and Exchange Commission said, Poloniex has agreed to settle its charges of running an unlicensed cryptocurrency exchange for around $10.4 million. The terms of the settlement includes Poloniex agreeing to settle without admitting or denying the charges. Launched in 2014, Poloniex was acquired by Circle in 2018, which incidentally…
During a call with analysts, the CEO of cinema operator AMC Entertainment said, by the end of 2021, it will have technology in place to receive payments in bitcoin for the purchase of movie tickets and concessions.
PepsiCo Inc signaled its intentions to further simplify its product range and shift away from high-sugar drinks through the selling of its Tropicana and other juice brands in North America in a deal worth $3.3 billion to the French private equity firm PAI Partners, the beverage giant said on Tuesday. The orange juice maker had…
In a statement Veoneer Inc said, it would start acquisitions negotiations with chipmaker Qualcomm Inc after its offer for the Swedish auto parts maker topped a rival bid by Magna International Inc. Qualcomm’s offer could “reasonably be expected to result in a ‘Superior Proposal’, as defined under the terms of Veoneer’s merger agreement with Magna,”…
On Friday, in a statement South Korea’s SK Group said, it will invest up to $100 million in the fintech unit of AirAsia Group Bhd. BigPay, a unit of AirAsia’s digital arm, offers a prepaid debit card, local and international money transfers, micro-insurance, bill payments and a budgeting tool. “Our ambition has always been to establish…
In a statement the U.S. Federal Trade Commission said, Facebook Inc made “misleading claims” to explain why it had disabled the accounts of researchers studying political ads on its social media platform. Earlier this week on Tuesday, Facebook cut off the personal accounts and access of the New York University researchers citing users’ privacy concerns.…
The second quarter results of Adidas were significantly impacted by a boycott of Western brands by Chinese consumers, the company reported while also reporting hit to the quarter’s business because of closure of factories in major supplier Vietnam due to a fresh outbreak of Covid-19 infections. Despite this, its forecast for the entire year with…
According to sources familiar with the matter at hand, Ericsson has won a 3% share in a joint 5G radio contract from China Telecom and China Unicom. Tender documents published by these Chine companies show, Nokia, which was expected to grab Ericsson’s market share in China, did not receive any share. The tender document doesn’t disclose percentage wins,…
The United States based plane maker Boeing could have a chance to regain lost ground in the Indian aviation market because of the plans of Indian billionaire Rakesh Jhunjhunwala to launch an ultra-low-cost airline in the country. Boeing got a rude shock for its business in India two years ago with the failure of the…
A record fine of €746 million ($887 million) GDPR fine was slapped on Amazon by Luxembourg’s National Commission for Data Protection (CNPD) over the manner in which the e-retailer collects and uses user data for conducting targeted advertising. This disclosure was made by Amazon in an SEC filing on Friday. In the filing the largest…
business-gurus.com 