Markets

Designer and seller of commercial grade electric bikes through subscription models Zoomo announced having raised an extra $20 million from its latest financing round. The company will be using the cash to finance its expansion in Europe and grow its software and engineering teams. This financing round brings the company’s total Series B financing to […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

U.S based automotive manufacturer Ford Motor Co. (F) is set to suspend or cut production activities in eight of its factories across the U.S, Mexico and Canada this week citing the global chip shortage which has largely affected the industry. This development was announced by the company’s spokeswoman late last week. A few days ago, […]