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Ryan Holsheimer Leaving JPMorgan and Hong Kong

Ryan Holsheimer, the head of cash equities and equity distribution in Asia pacific equities at America’s investment bank and financial service provider JPMorgan & Chase co. (JPM) will be leaving both the bank and Hong Kong to make a return to Australia. This was revealed by an internal memo circulated by the company which indicates […]

Trump’s Social Media App ‘Truth Social’ Set to Debut This Week

Truth Social, a new social media app backed by former United States President, Donald Trump is set to debut on App Store on February 21. This was revealed by an executive from the company who posted on the test version suggesting President Trump might make a return on social media on the U.S. Presidents Day […]

Visa Reaches Global Agreement Deal With Amazon Over Transaction Fees

Financial services company and facilitator of electronic funds transfer across the world Visa Inc. (V) announced that its card will be accepted in all sores and sires of leading retailer Amazon.com Inc. (AMZN) following a global agreement between the two companies. “Visa is pleased to have reached a broad, global agreement with Amazon. This agreement […]

Nestle Proposes Apple’s CFO for Election to its Board of Directors

Sweden based food and drink processing company Nestle SA (SWX: NESN) has proposed Luca Maestri, the chief financial officer at Apple Inc. (AAPL) for election to its board of directors. Nestle also proposed Chris Leong, the chief marketing officer at Schneider Electric, for the same position also. The said election will be conducted on April […]

ViacomCBS Rebrands to Paramount Seeking to Penetrate the Streaming Market

U.S based diversified multinational mass media and entertainment company ViacomCBS Inc. (VIAC) has changed its name to Paramount and introduced a wide range of new programming in efforts to grab viewers from the highly competitive streaming market. “The new Paramount name will help advance our strategy of harnessing all our strength and breadth in building […]

Fintech Startup Flutterwave Raises $250M From its Single-Biggest Financing Round

Africa based fintech startup providing payment services and payment infrastructure for global merchants Flutterwave announced having raised $250 million from its latest financing round which went down as the single-biggest funding round ever held by the company. This financing round left the company sitting on a market valuation of $3 billion. The company says it […]

Starbucks Facing Public Outrage in China Following an Incidence With the Police

United States based chain of coffeehouses and roastery reserves Starbucks Corp. (SBUX) is yet again under siege in China following an incidence at one of its stores in China which has sparked a public outrage. A Weibo user alleges that a number of police officers were eating outside a Starbucks store in the southwestern city […]

Ford suspends Operations at Some of its Assembly Plants Citing Chip Shortage

United States automotive manufacturer Ford Motors Co. (F) has announced that it will continue suspending operations at some of its assembly plants this week courtesy of the global chip shortage which is now turning into a major problem especially in the automotive industry. Fords spokeswoman, Kelli Felker, says the company will suspend production at its […]

Volvo to Invest $1.1B in Production of Full Electric Vehicles

Sweden based car maker Volvo Cars says that it will be injecting an investment of $1.1 billion (10 billion crowns) into its manufacturing factory in Gothenburg in the next few years as a preparation for production of full electric cars. “Volvo Cars will invest SEK 10 billion in its Torslanda manufacturing plant in Sweden in […]

Rene Haas Appointed the CEO of Chip Designer Arm

Chip and software design company Arm Ltd has appointed Rene Haas as its chief executive officer and a member of board with immediate effect starting from February 8. The company made this announcement on Feb 8. Arm is owned by Japanese SoftBank Group Corp. (TYO: 9984). Masayoshi Son, chairman and CEO of SoftBank acknowledges Rene […]