Money

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 […]

Oatly Raises $1.4 Billion From New York IPO

Food brand company producing dairy products alternatives from oats Oatly said it managed to raise $1.4 billion form its New York Stock Exchange initial public offering held on May 19. Starting from May 20 the company will be trading on NYSE under the ticker symbol ‘OTLY’. The company priced its shares at $17 per share […]

Britain’s Consumer Price Inflation Doubles in April

Economic data release on May 19 shows that consumer price inflation in Britain doubled in the month of April as it stood at 1.5% which is on a higher side compared to the 0.7% recorded for the month of March. This data was captured and released by the Office for National Statistics. According to the […]

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. […]

Coty Bounces Back to Growth in Third Quarter

Global beauty company manufacturing skin, fragrance, hair brands and cosmetics Coty Inc. (COTY) has bounced to growth in its third quarter results after posting net losses in 2020 due to the pandemic which took control for the better part of the year. For the third quarter ended March 31, sales at the prestige unit that […]

Honest Company Raises $412 Million From its IPO

U.S based consumer goods company Honest Company Inc. (HNST) announced having raised $412.8 million from its initial public offering. This was slightly higher that what the company was expecting from the IPO. In the IPO, Honest was selling its shares at $16 apiece floating 25.8 million shares in total. Initially, the company has said that […]

Apollo Eyeing to Buy Verizon’s Media Assets

Global alternative management company Apollo Global Management Inc. (APO) is seeking to buy the media assets of United States based telecommunication company Verizon Communication Inc. (VZ). Sources directly involved in the matter have revealed that the purchase deal could amount to around $5 billion. Bloomberg business was the first to publish the report further adding […]