Saturday January 29-th, 2022

Jack Ma’s Ant seeks to raise $35 billion in biggest-ever IPO Jack Ma’s Ant seeks to raise $35 billion in biggest-ever IPO

Ant plans to sell 1.67 billion shares in the Shanghai float, which is set to be the biggest initial public offering ( IPO ) in China, eclipsing Agricultural Bank of China's US$10.1 billion float in 2010, according to Refinitiv data. Ant's pricing c...

China to sanction USA firms over Taiwan arms sale China to sanction USA firms over Taiwan arms sale

Beijing says Taiwan is an inviolable part of China to be reclaimed, by force if necessary. Lockheed Martin, Boeing Defense and Raytheon will be sanctioned, the spokesman Zhao Lijian told a news conference in the Chinese capital. The missiles provi...

Amazon Wins Interim Relief, Future-Reliance Deal Put On Hold Amazon Wins Interim Relief, Future-Reliance Deal Put On Hold

Indeed, in a statement, a Reliance Industry spokesperson said that Reliance Retail's transaction for acquisition of assets and business of Future Retail were conducted under "proper legal advice" and the "rights and obligations are fully enforc...

AstraZeneca Resumes US COVID-19 Vaccine Trial AstraZeneca Resumes US COVID-19 Vaccine Trial

In the second stage of testing, the Defense Ministry said, scientists aim to "complete vaccine safety precautions, determine effective dosage, and further determine the vaccine's effectiveness". It has produced more than 25,000 vaccine doses for ...

Samsung group chairman Lee Kun-hee dies Samsung group chairman Lee Kun-hee dies

President Moon Jae-in mourned the passing of Samsung Group Chairman Lee Kun-hee on Sunday, saying the country has lost an iconic figure whose leadership put its semiconductor industry on the global map. Mr Lee was the third son of Lee Byung-chul, who...

Tesla to recall almost 50,000 cars from China over safety concerns Tesla to recall almost 50,000 cars from China over safety concerns

The U.S. electric vehicle maker Tesla said Wednesday it earned a total revenue of 8.77 billion U.S. dollars in the third quarter of fiscal 2020, up 39 percent over the year before. California-based Tesla has typically sold just a few hundred import...

Trump, Biden hit battleground states as campaign enters last full week

In an interview with Fox News, Trump campaign spokesman Tim Murtaugh slammed Biden for his light campaign schedule. Polls suggest ME as a whole is not at play in the presidential race, with most showing Democratic nominee Joe Biden enjoying a c...

USA coronavirus aid prospects uncertain after Trump blasts Democrats USA coronavirus aid prospects uncertain after Trump blasts Democrats

U.S. President Donald Trump and former Vice President Joe Biden on Thursday night blamed each other's party for failing to reach a COVID-19 relief deal, as the two faced off in the final presidential debate before Election Day. She said they ...

Walmart files preemptive lawsuit against US government over opioid case_china Walmart files preemptive lawsuit against US government over opioid case_china

In a lawsuit filed Thursday in the US District Court for the Eastern District of Texas, Walmart claimed the federal government is trying to shift blame for its own regulatory failings onto the company, and asked the court to clarify whether its pharm...

Gap Inc. to close 220 stores, bailing from numerous malls Gap Inc. to close 220 stores, bailing from numerous malls

It is looking to shift its operations to a franchise-only model in Europe. Gap Inc .is the latest retailer to announce store closures. "Our strong performance in the second quarter reflects the customer response to our brands, products and exp...

Coca-Cola is shelving about 200 drink manufacturers Coca-Cola is shelving about 200 drink manufacturers

This was a distinct improvement on the second quarter, which had registered a corresponding decline of 28 per cent. Overall, the Atlanta-headquartered company has reported a decline of 9 per cent in its consolidated net revenues to United States do...

Barclays Third-Quarter Profit Beats Expectations, Helped By Lower Provisions Barclays Third-Quarter Profit Beats Expectations, Helped By Lower Provisions

This time round, money put aside to accommodate risky loans amounted to simply 608 million, properly beneath the 1 billion anticipated. Barclays shares rose 4.6% at the start of trading on Friday. "It means maintaining profitability when". Staley...

GMC Hummer EV Edition 1 sold out within hours GMC Hummer EV Edition 1 sold out within hours

The Hummer EV has 1,000 horsepower and can go from zero to 60 miles per hour in just three seconds, GM says. The GMC website showed a "reservations full" banner over the Hummer EV "Edition 1", due to begin production in the fall of the next yea...

Samsung chairman Lee Kun-hee dies aged 78 Samsung chairman Lee Kun-hee dies aged 78

Named one of the world's 100 most influential people by Time magazine in 2005, Lee began overhauling Samsung Electronics after he saw the company's products gathering dust in a Los Angeles electronics store, according to "The Lee Kun Hee Story", a 20...

Le Chateau files for bankruptcy, plans to close 123 stores Le Chateau files for bankruptcy, plans to close 123 stores

Demand for holiday party and occasion wear "which represents the core of our offering" has been impacted due to novel coronavirus. It also says the company had unsuccessfully used its "best efforts over the preceding months [.] to refinance or sell...

2 custom Ford Bronco firetrucks being donated to forestry services 2 custom Ford Bronco firetrucks being donated to forestry services

According to Ford, the concept "combines firefighting equipment with rugged materials crafted by Filson and pays tribute to decades of first responders who trusted Bronco SUVs, while serving as an inspiration for 4×4 fire and rescue vehicles".

Quibi to shut down on December 1 Quibi to shut down on December 1

Unfortunately, the streaming service in the USA started in April in the middle of the COVID-19 crisis, at a time when no one was moving anywhere. Another reason for its failure could be attributed to the fact that Quibi never had a free ad-suppor...

Trade deal signed by Truss 'will benefit East of England businesses' Trade deal signed by Truss 'will benefit East of England businesses'

Truss said it was appropriate for "the land of the rising sun to welcome in the dawn of a new era of free trade", calling the east Asian power a "key ally and major investor in Britain". "I think a deal can be done..." The British minister, who call...

Guinness announces new non-alcoholic beer with Guinness 0.0 Guinness announces new non-alcoholic beer with Guinness 0.0

To ensure the distinctive flavour profile and taste characteristics of Guinness, the brewers then blended and balanced the flavours. Guinness 0 .0 contains 16 calories per 100ml, meaning a standard can of alcohol-free Guinness 0 .0 contains just ...

Sunak unveils new financial support for businesses facing tighter restrictions Sunak unveils new financial support for businesses facing tighter restrictions

In recognition of the challenging times ahead, the chancellor said he would be increasing support through the existing Job Support and self-employed schemes, and expanding business grants to help companies in high-alert areas. Also present at the pre...

US FDA Approves Remdesivir as First Drug to Treat Coronavirus US FDA Approves Remdesivir as First Drug to Treat Coronavirus

The United States Food and Drug Administration has approved Gilead Sciences Inc's antiviral drug Veklury - better known as remdesivir - for the treatment of COVID-19, the company announced Thursday. However, these calculations were made using dat...

Senior ministers slam Australia Post boss Senior ministers slam Australia Post boss

Australia Post chairman Lucio Di Bartolomeo said the board and management team would "fully co-operate" with the investigation. "I think they got it with a rocket". The estimates hearing was told the total value of incentives was $97.4 million in t...

Japan, Britain sign post-Brexit free trade deal_china Japan, Britain sign post-Brexit free trade deal_china

The UK-Japan Comprehensive Economic Partnership Agreement (CEPA) was signed by International Trade Secretary Ms Truss and Japan's Foreign Minister Motegi Toshimitsu in Tokyo on Friday. "I think a deal can be done, I've said that for quite some time"....

Uber and Lyft must reclassify drivers as employees, appeals court finds Uber and Lyft must reclassify drivers as employees, appeals court finds

Uber and Lyft would have 30 days from that filing to come into compliance. This is a victory for the people of California and for every driver who has been denied fair wages, paid sick days, and other benefits by these companies.The law is clear:...

Amazon offers work from home option to employees until June 2021 Amazon offers work from home option to employees until June 2021

This way Amazon followed the trend of several tech companies which have already extended their work from home policies until at least early 2021. The development comes less than three weeks after the world's largest online retailer said more than 1...

IN CASE YOU MISSED IT