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First Ever Woman Elected as the President of U.S Largest Labor Organization AFL-CIO

The largest labor organization in the United States, the AFL-CIO, has made history after electing its first ever woman as the president of the organization. AFL-CIO elected Liz Shuler who is taking after former president, Richard Trumka who passed on at the beginning of the month. Liz Shuler has immense experience in matters involving trading […]

LG Display Investing $2.8 Billion in Light-Emitting Diode Plants

Manufacture of thin-film transistor liquid crystal display panels OLEDs and flexible displays LG Display Co Ltd. (KRX: 034220) is planning to invest $2.8 billion in small to mid-sized organic light-emitting diode (OLED) panel manufacturing facilities. According to a regulatory filing made by the South Korea based company, this investment is slated to take place starting […]

Germany Selling up to 25% of its Stake in Lufthansa

German is intending to sell up to 25% of its stake in the country’s largest airline Lufthansa AG (ETR: LHA) following positive development by the airline which the government bailed out when it was going through harsh financial times due to the coronavirus pandemic. This announcement was first made on the German finance agency, moments […]

Cineworld Contemplating a United States Listing

UK based leading multiplex cinema chain Cineworld Group Plc. (LON:CINE) is considering to get listed on the united States capital markets as a way of boosting its financials which have been left hugely dented by the pandemic. Considering the first half results of the year, United States capital markets have proved to be the largest […]

Amazon Loses Case to Stop New York From Investigating Its COVID-19 Standards

U.S based online retailer Amazon Inc. (AMZN) has lost a lawsuit to stop the attorney general of New York from investigating its ability and measures it has put in place to protect its warehouse workers from COVID-19. U.S District Judge Brian Cogan in Brooklyn turned down Amazon’s claim suggesting actions by Attorney General Letitia James […]

Tesla Sold 32,968 Chinese Made Vehicles in July

Leading electric-vehicle manufacturing company Tesla Inc. (TSLA) sold a total of 32,968 Chinese made vehicles last month. This data was revealed by the China Passenger Car Association (CPCA). According to CPPA, 24, 347 of the cars were exported from China, the remaining 8, 621 is what the company sold in the local Chinese market. This […]

Nintendo Reports Declined Switch Console Sales in the First Quarter

Japanese consumer electronics and video game company Nintendo Co Ltd (TYO:7974) has released results for its first financial quarter ended June 30 in which the company recorded declined sales for its Switch console. Sales of the console plunged by 22% in the first quarter as demand for its devices generally recorded a decline. This is […]

Thales Selling Signalling Business to Hitachi for $2 Billion

France based company designing and building electrical systems providing services to defense, transportation, aerospace and security markets Thales Group (PA: TCFP) said that its engaging in talks which are at advanced stage concerning selling GTS railway signalling business to Japan based Hitachi Group (TYO: 6501). This sale will happen in a deal worth $2 billion […]

Kredivo to Go Public Through Merger Deal With SPAC

FinAccel, the parent company of leading digital consumer credit platform is Southeast Asia Kredivo says that it has reached an agreement to go public through a merger deal with a special purpose acquisition company (SPAC,) VPC Impact Acquisition Holdings II (VPCB). The company says the deal is a buy-now-pay-later (BNPL) and it’s worth $2.5 billion […]

Softbank Selling 45 Million Uber Shares

Japanese multinational company investing in technology, financial and energy sector Softbank Group Corp. (TYO: 9984) is looking forward to sell 45 million of its shares in Uber Technologies Inc. (UBER). This information was revealed by an insider source. The insider source who sought anonymity, says any buyer interested in these shares will have a 30-day […]