Finance Hits $40 Billion Valuation Following a $1 Billion Investment

Financial technology company announced having reached a $40 billion market valuation following an injection of $1 billion capital investment in the company. This new valuation indicates the company’s value has more than doubled in a period of one year. The company says it will be using proceeds from the fresh capital injection to launch […]

India to Allow Importation of U.S Pork and Pork Products

United States Trade Representative Katherine Tai and Agriculture Secretary Tom Vilsack have confirmed that India has agreed to allow imports of pork and pork products from the U.S in the country. This announcement brings to an end a long-term barrier to U.S agricultural products into India. Vilsack says the U.S government is doing its best […]

Intel Poaches David Zinsner From Micron Technology

Technology company and world leading chip manufacturer Intel Corp. (INTC) has poached David Zinsner from manufacturer of computer memory and computer data storage Micron Technology Inc. (MU) as its new chief financial officer and executive vice president. Intel says Zinsner will take up his new roles in the company starting from January 17. Zinsner is […]

Meta’s Head of Communication John Pinette is Leaving the Company

John Pinette, the head of communication at technology company running various social media platforms Meta Platforms Inc. (FB) announced that he will be leaving the company. The company’s spokesperson said following Pinette’s departure, the vice president of international communications, Chris Norton, will be taking over as the new head of communication on interim basis. “John […]

U.S Agrees With Airbnb on Settlement for Violating Sanctions on Cuba

The United States treasury department says that it has reached an agreement with online marketplace for vacations rentals Airbnb Inc. (ABNB) on settlements linked to the company violating sanctions imposed by the U.S on Cuba. Citing a notice released by the treasury department, Airbnb had agreed to part with $91,172.29 as settlement for the potential […]

Northvolt Makes First Battery Cell in its Sweden Gigafactory

Sweden based battery developer and manufacturer Northvolt AB announced having produced its first battery cell from its new gigafactory in northern Sweden on Dec 29. The assembling of this first battery cell makes Northvolt the first company from Europe to design and produce a battery in the region. The produced battery cell is a prismatic […]

Apple Has Closed New York City Stores Following Spike in COVID-19 Infections

IPhone manufacturer Apple Inc. (AAPL) has temporarily closed all its 12 stores in New York City to indoor shopping due to the recent rapid rise of COVID-19 new infections especially with the Omicron variant which has been on the rise all across the world. The company made this announcement on December 28 further adding that […]

Norvatis Announces a $15 Billion Share Buyback Program

Global healthcare company providing solutions to meet the changing needs of patients across the world Norvatis AG (SWX: NOVN) has announced a share buyback program which will be executed by 2023. The company made this announcement on December 16 further adding that the program is aimed at increasing its confidence in its top-line growth and […]

Toyota to Spend $35 Billion on Battery Electric Vehicles by 2030

Leading Japan based car manufacturer Toyota Motor Corp. (TYO: 7203) says that it will be spending $35 billion to build a line-up of 30 battery electric vehicles (BEV) by the year 2030. The company will be undertaking this initiative as part of it wider program geared towards producing zero emissions vehicles. “That would be part […]

Amazon Fined 1.13B Euros by Italian Regulator for Abusing Market Dominance

Leading e-commerce company Amazon Inc. (AMZN) has been slapped with a 1.13 billion euros by Italy’s antitrust regulator for allegedly abusing its market dominance. The regulator claims Amazon harmed competing operators in the e-commerce logistics service. “Amazon holds a dominant position in the Italian market for intermediation services on marketplaces, which Amazon leveraged to favor […]