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Steve Cohen Quits Twitter Citing Threats Emanating From GameStop Surge

American billionaire and hedge fund manager Steve Cohen has deactivated his Twitter account alleging that he has been receiving threats linked to the astronomical surge of GameStop Corp. (GME) which happened two weeks ago. This unexpected surge saw the stock register gains of over 1700% in a two day period. This rally was fuelled by […]

Myanmar Military Seizes Power in Coup Detaining State Counsellor Aung San Suu Kyi

Myanmar’s military overthrew the country’s democratic government and took power early morning 1st February. As if the coup wasn’t enough, the military also detained democratically elected leaders including the State Counsellor Aung San Suu Kyi. Aung San Suu Kyi is a Nobel Peace Prize laureate has been detained together with other leaders belonging to her […]

Ant Group to Sell U.S Based EyeVerify

Chinese financial technology giant Ant Group Co Ltd (6688) is planning a sale of its United States based biometric security company EyeVerify. This development was first reported on Financial Times. According to Financial Times, Ant is already engaging some potential buyers from the United States. Insider sources which declined being revealed disclosed that Ant Group […]

Google Halts Donations to U.S Congress Members Who Voted Against Election Results

Alphabet Inc. (GOOGL) the parent company of Google products will be stopping contributions to United States congress members who voted against November presidential election results. The company made this announcement making it clear that any member who voted against certifying the results of the hotly contested Presidential elections won’t receive further donations from its political […]

Mercedes Benz Unveils Electric Compact SUV

Daimler AG (ETR) the parent company of leading automotive manufacturer Mercedes Benz has unveiled its own electric compact sport utility vehicle in efforts to compete with American electric car manufacturer Tesla Inc. (TSLA) which has been dominating electric car industry. The electric SUV will be going by the name EQA and Mercedes will launch the […]

Short Video Company Kuaishou to Open Books for $5 Billion Hong Kong IPO

Kuaishou Technology Co Ltd the parent company of chinese short video sharing app Kuaishou is set to open its books for its upcoming initial public offering in the Hong Kong stock exchange from which it will seek to raise $5 billion. The company will open its book for the IPO next week on Monday 25 […]

Sennder Gains $1 Billion Valuation After Raising $160 Million from Investors

Europe based digital road freight startup Sennder announced having raised $160 million from the last investing round it held with its investors on January 14. This leaves the company with a valuation of over $1 billion. This latest financing round was backed by HV Capital, Lakestar, Scania and Accel. Following this round, Sennder has now […]

Vanguard Sells Stakes in Blacklisted Chinese Companies

United States based investment advisor Vanguard Group has sold stakes it held in Chinese companies blacklisted by the government of United States. Trump’s administration prohibited Americans from investing or dealing with some Chinese companies which it claimed have links with China’s military. The top mutual fund said the sell of its stakes in involved companies […]

Telus International Files for a U.S IPO of $100 Million

Canada based telecommunication company Telus International (CDA) filed with United States regulators seeking a U.S initial public offering of up to $100 million. Telus is mainly involved in providing multilingual customer service outsourcing and digital IT to clients across the world. The company says it’s looking forward to apply for its subordinate shares to get […]

Achronix to go Public Through a SPAC Merger Deal

Fabless semiconductor company Achronix Semiconductor Corp said it will be going public via merger with a Special Purpose Acquisition Company (SPAC) ACE Convergence Acquisition Corp in a $2.1 billion deal. Achronix says among its top reasons to go public is to diverge into new products and increase its growth rate. Due to some pending regulatory […]