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