Featured

Apple and Amazon Slapped With $225M Fine For Collusion by Italian Regulator

Giant tech giant Apple Inc. (AAPL) and leading online retailer Amazon Inc. (AMZN) have been slapped with a $225 million (200 million euros) fine by Italy’s antitrust regulator for collusion. The two United States based companies are accused of engaging into anti-competitive alliance in the sale of Apple and Beats products. The antitrust regulator claims […]

Theranos Founder Elizabeth Holmes Defends Herself Against Charges of Defrauding Investors

Elizabeth Holmes, the founder of privately held health technology company Theranos was arraigned last Friday in court to face charges of defrauding investors and patients leveled against her. According to the lawsuit, Holmes is being accused of making false claims about Theranos including that its technology could run a number of diagnostic tests more quickly […]

WeRide Set to Launch Robotaxis on Ontime Ride-Hailing App

China based leading autonomous driving company Weride Corp. announced that it will be launching robotaxis available for public booking on the Ontime ride-hailing app come next year. Ontime ride-hailing is owned by Chinese automobile manufacturer Guangzhou Automobile Group. (HKG: 2238). In a public statement, WeRide says it’s putting measures into place to begin offering test […]

Amazon and IBM Partners to Increase Reach of Data Tools for Oil Companies

Leading e-commerce company Amazon Inc. (AMZN) and computer hardware company international Business Machines Corp. (IBM) have entered into a partnership which will help companies in the oil sector have an extended reach to a set of tools which the companies use to manage disparate types of data. This partnership will be suing IBM’s technology dubbed […]

Nasdaq Granted Nordic Power Spot Market License

United States based financial service cooperation operating three stock exchanges NASDAQ announced having being granted the right to operate in the Nordic day-ahead power market. This approval license was granted after the Swedish market regulator. The Nordic Power Spot Market is made up of 15 individual bidding or price and zones which on a daily […]

Autonomous Driving Truck Company Plus Abandons Merger Deal With a SPAC

Self-driving truck startup using technology on heavy trucks to change commercial transportation and logistics Plus announced having abandoned a merger deal with a blank check company Hennessy Capital Investment Corp V (HCIC). The companies made this announcement in a joint statement citing issues with regulatory environment outside the United States as the main reason to […]

Playtech Receives Takeover Bid From Gopher Investment

Gambling software development company Playtech Plc. (LON: PTEC) says that it has received a takeover bid from Hong Kong based private equity investment firm Gopher Investment which is also the company’s second largest shareholder. Playtech made this announcement on November 8 several weeks after it had entered into agreement with Australia based gambling machine manufacturer […]

Tesla Opens a Battery Making Equipment Factory in Canada

United States leading electric vehicle manufacturer Tesla Inc. (TSLA) announced having opened a plant in Canada which will be making battery manufacturing equipment, the factory is situated in the Canadian city of Markham, Ontario. This was announced by the city’s mayor Frank Scarpitti during the past weekend, he made the announcement via twitter. This comes […]

Square’s Shareholders Approve Issuance of New Shares for Afterpay’s Acquisition

The stakeholders of United States digital payment company and financial service provider Square Inc. (SQ) have approve the issuance of new shares for the $29 billion acquisition of fellow financial technology company Afterpay Ltd. (ASX: APT). If this acquisition deal goes through, then it will go down as the largest ever buyout deal in the […]

Duncan Wanblad Appointed the CEO of Anglo American

Global mining company and world’s largest producer of platinum Anglo American Plc. (LON: AAL) has appointed Duncan Wanblad as its new chief executive officer to replace outgoing chief executive Mark Cutifani, who is set to leave the company next year April having worked for the company for almost 10 years. Around two years ago, Wanblad […]