Citigroup Inc wants to hire 3,000 additional employees for its Asia institutional business in the next years, strengthening its focus in a fast-growing area where it has departed consumer banking in the majority of markets, according to its Asia Pacific top executive. The previously unknown employee expansion plans highlight Citi’s intention to become institutional banking…
The Australian Competition and Consumer Commission has filed a complaint against Airbnb Inc, alleging the accommodation-sharing website of deceiving consumers into paying more than advertised for their stays, broadening its investigation of global technology platforms. The Australian Competition and Consumer Commission (ACCC) stated in a court statement on Wednesday that from 2018 to 2021, the…
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…
Vietnam announced on Wednesday that it had successfully developed an African swine fever vaccine for pigs, with the goal of being the first country to commercially produce and export it. African swine fever, one of the most lethal livestock illnesses, was discovered in Vietnam in February 2019 and led the government to cull almost 20…
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…
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…
