Money

A Seat on a Spaceship Ride With Jeff Bezos Auctions For $28 Million

A seat on a spaceship ride with world’s richest man Jeff Bezos was auctioned for a jaw dropping $28 million during a live auction which took place on June 12 bringing a close to a month long bidding process for the space ride scheduled for next month. Bezos will be making this spaceship ride using […]

Ferari Poaches New CEO From Tech Industry

Italian luxury sports car manufacturer Ferrari has decided to source its new chief executive office from the tech industry. The company announced having appointed Benedetto Vigna as the incoming CEO. Aged 52, Vigna, is the current president of STMicroelectronics– a French-Italian electronics and semiconductor manufacturer which has its headquarters in Geneva, Switzerland. This appointment comes […]

Amazon to Employ 3,000 Permanent Workers in Italy in 2021

United States nased giant e-commerce company Amazon Inc. (AMZN) says that it will be creating 3,000 permanent job opportunities in Italy this year. The company says this comes as part of its larger plan of scaling up its investment in the country. This announcement was made by Amazon’s country manager for Italy and Spain Mariangela […]

Digital Insurer Wefox Raises $650M From Latest Financing Round

Digital insurer focusing on personal insurance products Wefox Group announced having fetched $650 million from its recently concluded financing round. The company defines this financing round as a ‘record-breaking round’. Following this funding round, the company now has a market valuation of $3 billion. This means that Wefox’s valuation has increased by three times since […]

EV Maker Rivian Seeking a $70 Market Valuation After IPO

United States based electric car manufacturer Rivian Automaker is targeting to have a market valuation of around $70 billion after much awaited initial public offering of the company slated for later this year. Citing documented data, the company had a market valuation of $27.6 billion in the beginning of the year after conclusion of an […]

UK’s Regulator Reviewing AstarZeneca-Alexion Merger Deal

The market competition watchdog in the UK Competition Markets Authority (CMA) is reviewing an acquisition deal between pharmaceutical biotechnology company AstraZeneca Plc. (LON: AZN) and United States based biotechnology company specializing on developing life-changing therapies for people with rare disorders Alexion Pharmaceuticals Inc. (ALXN). The market regulator is looking if there are any ways this […]

Gojek Merges With Tokopedia Creating Giant Internet Company

Indonesia based digital payment technology and multiservice platform Gojek and fellow technology focusing on e-commerce Tokopedia also based in Indonesia, announced a merger deal which will automatically make them a tech giant in the Southeast Asia country. This goes down as the country’s largest ever merge deal, the merged multi-billion company will be called GoTo. […]