Nandini Roy Choudhury, writer Brief news Skydance Media has made a deal to buy Shari Redstone’s National Amusements Inc. and join Paramount Global, the company […]
Category: Business
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Despite a funding shortage, Peloton survived. Proceed where?
Rohit Baniwal, writer Brief news Peloton, a fitness company, has refinanced its debt to $1.55 billion, reducing its debt from $1.75 billion to $1.55 billion. […]
Tesla delivered 443,956 cars in Q2, down 4.8% from previous year
Nandini Roy Choudhury, writer Brief news Tesla reported a 5% decrease in vehicle deliveries in Q2, but this was offset by strategic price reductions and […]
Revolut CEO bullish on UK bank licence clearance after $545 million earnings record
Nandini Roy Choudhury, writer Brief news Revolut, a British financial technology company, is optimistic about obtaining a UK banking license after overcoming major problems during […]
China AI Startups Venture to Singapore for Global Growth
Brief news Chinese AI businesses are moving to Singapore due to geopolitical concerns and easier access to global investors and clients. Singapore-based companies like Wu […]
Meta charged of violating EU competition laws for ad-supported subscription service
Brief news EU officials have stated that Meta, the parent company of Facebook, has not followed the bloc’s trade rules regarding its new ad-supported social […]
Brief news Google has partnered with BlackRock to build a 1 gigawatt solar capacity pipeline in Taiwan, aiming to increase energy capacity and reduce carbon […]
Boeing pays $4.7 billion acquire Spirit AeroSystems fuselage builder
Brief news Boeing has announced an all-stock deal to acquire Spirit AeroSystems, a struggling fuselage builder, to improve safety and quality control. The acquisition is […]
Bitcoin windfall for Mt. Gox creditors after decade-long wait and 10,000% price surge
Brief news Mt. Gox, the Japanese bitcoin exchange that went bankrupt following a data breach a decade ago, is now repaying creditors who are being […]
SoftBank shares soar on $1.86 billion debt issuance as CEO praises ‘super’ AI
Brief news SoftBank Issues Bonds to Reduce Debt and Focus on AI Investments • SoftBank plans to issue bonds in euros and dollars to reduce […]