Swedish e-vehicle maker Polestar to go public via $20bn SPAC merger

27-09-2021
Swedish e-vehicle maker Polestar has been in an advanced stage talk to go public through an SPAC merger deal which could value the combined entity at a jawdropping $20 billion

Quad leaders stress free & open Indo-Pacific trade with wary eyes on Beijing

27-09-2021
Quad leaders had pledged to an open and free Indo-Pacific on Friday at their first in-person meet in the White House

Beaverton’s Nike warns of holiday delays, trims full-year sales estimate

26-09-2021
American multinational sports footwear manufacturer Nike Inc had trimmed its full-year sales outlook for fiscal 2022 citing possibilities of a prolonged period of supply chain disruption

IMF’s Georgieva accuses former World Bank President Kim’s office of manipulation

26-09-2021
IMF Chair and former World Bank CEO Georgieva had accused ex-World Bank President Kim of potential data manipulation

Huawei’s Meng leaves Canada after US accord on charges, detained Canadians head home

26-09-2021
Huawei CFO Meng has been released from home detention after US prosecutors had reached an agreement to conclude bank fraud cases against her

Evergrande misses payment deadline, e-vehicle unit warns of cash crunch

25-09-2021
On Friday, Chinese real estate tycoon Evergrande's EV unit had cautioned that it would run out of cash unless a fresh injection of liquidity

Washington’s Fed says US household wealth leapfrogs to record $141.7 trillion in Q2

24-09-2021
The US Federal Reserve said in a statement on Thursday that US household wealth leapt to a new record of $141.7 trillion over second quarter of 2021

Waterloo’s Blackberry beats quarterly revenue expectations on cybersecurity boost

24-09-2021
On Wednesday, Blackberry Ltd had topped analysts' estimate for its fiscal Q2 revenues

Boston’s restaurant software maker Toast, Inc. valued at $33bn in stellar NYSE debut

23-09-2021
Restaurant software architect Toast, Inc. had been valued at a whopping $33 billion in a stellar NYSE debut on Wednesday

Ohio's Macy’s to hire 76,000 workers as holiday hiring returns to pre-pandemic level

22-09-2021
Macy's Inc said in a statement on Tuesday that it would hire as many as 76,000 full-time and part-time workers ahead of a busy holiday season

Memphis’ FedEx quarterly profit falls as labour costs leap up

22-09-2021
American multinational courier services provider FedEx had reported a 7 per cent decline in quarterly profits over its fiscal Q1, 2022 that ended on August 31

San Mateo’s Freshworks valued at $10.13 billion after raising $1.03 billion in US IPO

22-09-2021
Business software start-up Freshworks was valued at a $10.13 billion in a blockbuster US IPO on Tuesday

Houston’s ConocoPhillips to purchase $9.5bn Shell Permian Basin assets

22-09-2021
Royal Dutch Shell said in a statement on Monday that it had agreed to a $9.5 billion sell-off of its Permian Basin assets to ConocoPhillips

Columbia’s NHTSA opens probe into 30 million US vehicles over Takata air bag inflator

22-09-2021
US auto safety regulator, NHTSA had opened a new probe into more than 30 million US vehicles over potential glitches in Takata air bag inflators

Santa Monica’s Universal Music valued around $39 billion ahead of stock market debut

21-09-2021
Universal Music Group had been valued at nearly $40 billion ahead of its slated Amsterdam IPO on Tuesday

Taiwan threatens to take China to WTO in new spat over fruits

21-09-2021
Taiwan, the democratically-ruled Chinese territory, had threatened Beijing to take China to WTO in new spat over fruits

Cash-strapped Evergrande begins repaying wealth product investors with properties

21-09-2021
Evergrande, the cash-strapped Chinese real-estate tycoon had begun to repay wealth product investors with real estate properties

France and Russia plan talks to resolve Champagne dispute

20-09-2021
French Agricultural Ministry said in a statement on Saturday that it had been an advanced-level talk with Kremlin over resolving their disputes on labelling of French Champagnes

Mountain View’s Google abuses Android dominance, says India’s anti-trust regulator

20-09-2021
A two-year long probe of India's anti-trust regulator had found out that the world's No 1 internet services provider had been abusing its Android OS dominance in India

Gulf stocks end mixed as Abu Dhabi retreats from record peak

20-09-2021
On Sunday, major Gulf bourses had closed out the session in red inks

Pandemic inflicts deeper off-pitch losses on Manchester United, Juventus

20-09-2021
British top-flight football club Manchester United had reported a hefty annual loss during a pandemic-hit fiscal 2020-21, while Turin's Juventus had reported a record €209.9 million in losses last year

Facebook targets potentially harmful real networks, aims to use rulebook against fake

19-09-2021
Social media megalith Facebook Inc said later this week that the American tech conglomerate had been brewing off an option to implement a much-stiffer approach to shut down real-user accounts engaged in harmful activities

China applies to join Pacific trade pact to boost economic punch

19-09-2021
Later this week, Beijing had finally applied to join a eleven-member free trade pact of Trans-Pacific countries

San Jose's Cisco forecasts growth from software shift, but chip prices weigh

19-09-2021
Cisco Systems Inc., the world's largest networking hardware company had been mulling a potential shift towards a high-profit subscription-based software business

San Francisco coding platform GitLab files for US IPO, reveals revenue surge

19-09-2021
Californian coding platform GitLab Inc had filed for a US IPO (Initial Public Offerings) later this week