Markets

Bukalapak Adjusts IPO Target to Over $1 Billion

Indonesia based e-commerce company Bukalapak has increased its initial public offering target to over $1 billion following a strong demand. This adjustment represents a 25% increase compared to the initial target given by the company. This IPO is set to go down as the largest listing in thirteen years by a Southeast Asian country. The […]

Kayesa CEO Says Latest Ransomware Attack Affected Up To 1,500 Businesses

The chief executive officer of Keyasa, Fred Voccola says that around 800 to 1,500 business entities have been affected by the latest ransomware attack which was carried out at the end of last week. Keyasa is a Flodida based IT software management company which was greatly affected by the ransomware attack after its client access […]

Syngenta to Use $10 Billion From Shanghai IPO to Fund Acquisitions and Expansion

World leading provider of agricultural science technology focusing on seed and crop protection products Syngenta AG (SYT) says that it will be using the $10 billion it will fetch from its Shanghai stock exchange initial public offering to finance growth and acquisitions. The company made the announcement through its official website following the IPO announcement […]

Nissan Confirms Its Presence in the UK is a Long Term One

Japan based auto manufacturer Nissan Motor Corp. (TYO: 7201) has affirmed that its presence in the UK will be a long term one, this is after the company set up a $1.4 billion investment of a new electric vehicle plant and battery facility in northern England. The Japanese automaker assured of its presence and operations […]

Uber to Allow Employees Work up 50% of Their Time Remotely

Ride hailing and delivery company Uber Technologies Inc. (UBER) says that it will allow its employees work up to 50% of their work-time remotely. The company says this new work policy re-organization comes as part of its revamped return-to-office strategy. This announcement comes as one of the most flexible policies by a Unites States technology […]

U.S e-Commerce Giants Breaking Laws in India Says Commerce Minister

India’s minister of commerce, Piyush Goyal, is accusing leading United States e-commerce companies operating in India of flouting the country’s laws. The e-commerce companies in this context include Amazon Inc. (AMZN) and Walmart Inc. (WMT). According to the minister, these companies have been arrogant and continuously flouting local laws by engaging in predatory pricing practices. […]

Tesla Recalls Vehicles in China Citing Online Software Update

Leading electric vehicle manufacturer Tesla Inc. (TSLA) will be recalling almost 300,000 China made and imported Model Y and Model 3 cars in China for an online software update related to assisted driving. This announcement was made by Chinese regulators who said that the car owners won’t be required to return their vehicles. Through its […]

Deutsche Bank to Use Oracle’s Software to Simplify its Information Technology Systems

German based investment bank and financial service provider Deutsche Bank AG (ETR: DBK) says that it has tapped into the software of U.S based computer technology company Oracle Corp. (ORCL) in its information technology systems. This was revealed by a board member of the bank who said this move will help the bank simplify its […]

Tesla Opens First Charging Station in China

Leading electric vehicle manufacturer Tesla Inc. (TSLA) has officially opened its first charging station in China which is also equipped with own solar and energy storage facilities. The company said this charging station is located in Lhasa city and it will be generating energy from sunlight and storing it in energy storage facilities for electric […]

Volvo Partners with Northvolt to Produce Batteries for its EV Cars

Sweden based luxury car manufacturer Volvo Car Group AB (STO: VOLV) announced having entered into a partnership with Swedish battery manufacturer Northvolt to develop and produce sustainable batteries for its electric vehicles. The two parties will set up a gigafactory in which production of these batteries will be taking place. Additionally, they will also come […]