Los Angeles’ Tencent studio under construction as Timi shelves $10bn revenues in '20

04-04-2021
Chinese tech tycoon Tencent's gaming studio Timi had generated an annual revenue of as many as $10 billion last year

Paris' Dassault Aviation, Airbus reach tentative deal on European FCAS fighter jets

04-04-2021
Airbus SE, the world's No. 1 planemaker, reached a tentative accord with its industrial partner Dassault Aviation on Europe's FCAS (Future Combat Air System) fighter jets program

Irving’s Pioneer snaps up $6.4bn cash-and-stock buyout deal for rival DoublePoint

04-04-2021
Later this week, Irving-based US shale giant Pioneer Natural Resources had agreed to a takeover of its smaller rival DoublePoint at a $6.4 billion cash-and-stock acquisition deal

Palo Alto’s Tesla reports record-breaking first-quarter deliveries, beats expectation

03-04-2021
On Friday, Tesla Inc., the largest automaker across the world by market valuation, had reported record-breaking first-quarter deliveries

Detroit’s GM, Japan’s Nissan beat quarterly sales estimate amid chip shortage

02-04-2021
On Thursday, leading global automakers such as Detroit's GM and Japan's Nissan had reported a rise in US auto sales over fiscal first quarter of 2021

London's fintech start-up Wise mulls LSE IPO on May at $6-$7 billion valuation

02-04-2021
London-based British fintech banking start-up Wise has been mulling a London Stock Exchange IPO (Initial Public Offering) as early as by May this year

Redmond’s Microsoft wins $22bn US Army contract to supply augmented reality headsets

01-04-2021
Microsoft said in a statement on Wednesday that the tech conglomerate had won a lucrative US Army contract to supply augmented reality headsets based on its Azure cloud computing platform

Chilean regulators approve $3bn Chinese takeover of Naturgy unit

01-04-2021
On Wednesday, Chilean anti-trust regulator had approved a $3 billion takeover of Spanish energy firm Naturgy's Chilean unit by China's state-owned electric corporation, State Grid

Biden unwraps $2 trillion-plus ‘once-in-a-generation’ investment proposal

01-04-2021
On Wednesday, US President Joe Biden had unveiled a jawdropping $2 trillion-plus infrastructure investment proposal

Tech stocks lift S&P 500, Nasdaq as indexes clock quarterly gains

01-04-2021
On Wednesday, tech-associated growth stocks rallied ahead of Biden's $2 trillion investment proposal as S&P 500 gained and Nasdaq ended sharply higher

Munich's electric planemaker Lilium to go public in the US via $3.3 billion SPAC deal

01-04-2021
Lilium, a Munich-based manufacturer of battery-powered passenger aircrafts, decided to go public in the US through a $3.3 billion SPAC deal

Cambridge chipmaker Arm Ltd rolls out new chip technology to take on data centres

31-03-2021
Ahead of a $40 billion mega-merger with US-based chipmaker Nvidia Corp., British semiconductor giant Arm Ltd. had unveiled a next-gen chip on Tuesday, mostly in a bid to take on data centres

Credit Suisse, Nomura warn Global lenders’ losses may top $6bn after Archegos default

31-03-2021
On Monday, deep-pocket lenders such as Nomura and Credit Suisse warned off billions of dollars in losses, largely due to the downfall of a US-based hedge fund Archegos which went default on margin calls

Buffet-backed Chinese e-vehicle maker BYD profit snowballs 162% in 2020

30-03-2021
On Monday, Shenzhen-based Chinese EV maker BYD said that its net profit space-dived as much as 162 per cent last year on an annualized basis

Traffic resumes in Suez Canal as stranded ship floats, but supply dins may last weeks

30-03-2021
Late on Monday, the giant 400-metre Ever Given blocking Suez Canal had been dislodged and shipping resumed again in the busiest sea passage between Asia and Europe

Petrobras inks deal to sell RLAM refinery to Abu Dhabi’s Mubadala Capital for $1.65bn

29-03-2021
Brazilian energy industry giant Petrobras said later last week that its management board had agreed to a sell-off of its RLAM refinery to Abu Dhabi's sovereign fund Mubadala Capital

Honda Motor quits British manufacturing after sale of Swindon plant to Panattoni

29-03-2021
On Saturday, Japan's Honda Motor Co. said that the automotive industry giant had agreed to a sell-off of its only remaining British car plant at Swindon in Southern England

Madrid's MasMovil launches friendly takeover bid for regional rival Euskaltel

29-03-2021
On Sunday, Spanish telecom giant MasMovil said in a statement that it had launched a friendly takeover bid for regional rival Euskaltel

Volkswagen recalls 150,000 Audi A3s in the United States over faulty air bag concerns

28-03-2021
Later this week, German automotive giant Volkswagen AG had issued a recall of more than 150,000 Audi A3 vehicles in the US over faulty air bag issue

Madrid’s Allfunds mulls post-Easter Amsterdam IPO, seeks €7-8bn valuation

28-03-2021
Madrid-based fund distribution firm Allfunds has been eyeing a potential public market floatation in Amsterdam as early as by April this year

Goldman Sachs liquidates $10.5bn worth of stocks as Chinese firms’ delisting looms

28-03-2021
On Friday, New York City lender Goldman Sachs had sold off as many as $10.5 billion worth of stocks, evaporating more than $35bn in valuations in major NYSE-listed companies

Palo Alto EV maker Tesla Inc Chinese rival Nio halts production due to chip shortage

27-03-2021
Nio Inc., the smaller Chinese rival of e-vehicle industry megalith Tesla Inc., said in a statement on Friday that it had stalled production at its Hefei plant due to a steep shortage of chips

New York’s WeWork agrees $9 billion SPAC merger to finally get stock market listing

27-03-2021
On Friday, American commercial real estate company WeWork said in a statement that it had agreed to go public through a merger with an SPAC in a deal that could value the merged entity at $9 billion

German utility Enercity, Compleo merge e-vehicle charging units as demands soar

27-03-2021
On Friday, Hanover-based German utility firm Enercity said in a statement that it had agreed to merge its e-vehicle charging unit Wallbe with Compleo Charging Solution

Suez Canal could be blocked for weeks by ‘beached whale’ ship, say salvage companies

26-03-2021
On Thursday, two salvage companies working on the Taiwanese vessel that ran aground on Tuesday and occluded a single-lane southern stretch of Suez Canal, said that the Canal could remain blocked for weeks