General Motors is buying out SoftBank’s stake in its Cruise division for $2.1 billion, years after the Japanese investment firm joined the car maker in betting on driverless-car technology. GM also said Friday
Moderna CEO Stephane Bancel has continuously sold company stock, since the start of the c-19 pandemic, during which the firm’s share price soared more than 600% while it developed and rolled out its vaccine.
The government in China placed the city into lockdown for at least a week! and said everyone in the city would have to undergo three rounds of testing after 86 new cases of
The Chinese government supports the listing of companies overseas and said its crackdown on technology companies should end soon the state media report said. Shares of Chinese companies listed publicly in the U.S.
China’s XPeng said it led an investment into a new $200 million fund, focused on backing electric vehicles and “frontier technology” start-ups. The fund, called Rockets Capital, that counts a number of high-profile
Few days ago, a popular Twitter account named “Anonymous” declared that their ‘justice seeking’ activist group was waging a “cyber war” against Russia. Since then, the account which has more than 7.9 million
Intel Corp. said it would invest $36 billion in chip production and research across Europe, including a new chip-making complex in Germany, to keep pace with surging demand for semiconductors. WSJ reports Intel a
Regulators conclude deal wouldn’t significantly harm competition in Europe! EU antitrust officials gave a green light to Amazon.com Inc.’s proposed $6.5 billion acquisition of movie studio MGM, clearing one hurdle for the e-commerce giant
Norway’s central bank recently trimmed its exposure to Apple, while increased investments in the ecosystem of alternate-fuel vehicles, as well as graphics chips. Norges Bank sold Apple (AAPL) stock, and bought up shares of Nvidia (NVID), Plug
The Saudis are conducting due diligence and bench-marking the offer against others that Foxconn has made for similar projects globally, WSJ reports The kingdom is trying to establish an industrial sector but has
