International Business

Porsche To Go "Full Throttle" With Blockbuster Initial Public Offering

Porsche To Go "Full Throttle" With Blockbuster Initial Public Offering

Agence France-Presse | Thursday September 29, 2022, Frankfurt, Germany

Luxury sports carmaker Porsche will debut on the Frankfurt stock exchange Thursday in one of Europe's biggest listings in years, hoping its brand power can attract investors despite market turbulence.

Fast Company's Website Shuts After Apple News Feed Hacked

Fast Company's Website Shuts After Apple News Feed Hacked

Reuters | Wednesday September 28, 2022

US business and media publication Fast Company said it shut down its website on Tuesday evening after the site was hacked and sent "obscene and racist" notifications to Apple users via the iPhone maker's Apple News service.

Apple To Hike App Store Prices In Several Countries From October

Apple To Hike App Store Prices In Several Countries From October

Reuters | Tuesday September 20, 2022

Apple said prices of apps and in-app purchases on its App Store will increase in several countries from next month.

UK Watchdog Wants Deeper Probe Into Microsoft's $69-Billion Deal

UK Watchdog Wants Deeper Probe Into Microsoft's $69-Billion Deal

Reuters | Thursday September 15, 2022

Britain's antitrust watchdog said on Thursday it would go for an in-depth probe into Microsoft's $69-billion purchase of "Call of Duty" maker Activision Blizzard after the tech giant failed to offer remedies to soothe competition concerns.

Rent The Runway Shares Sink As Inflation-Weary Subscribers Hit Pause

Rent The Runway Shares Sink As Inflation-Weary Subscribers Hit Pause

Reuters | Tuesday September 13, 2022

Shares of Rent the Runway plunged more than 22 per cent before the Wall Street bell on Tuesday, as more Americans paused their subscription to the clothing rental firm

Twitter Whistleblower To Detail 'Dire' Security Threats Ahead Of Elon Musk Deal Vote

Twitter Whistleblower To Detail 'Dire' Security Threats Ahead Of Elon Musk Deal Vote

Reuters | Tuesday September 13, 2022

A whistleblower is set to testify before a US Senate committee about his claims of serious security lapses at the social media network.

Tesla Plans Lithium Refinery In Texas, Seeks Tax Relief

Tesla Plans Lithium Refinery In Texas, Seeks Tax Relief

Reuters | Friday September 09, 2022

Tesla Inc is considering setting up a lithium refinery on the gulf coast of Texas, as it looks to secure supply of the key component used in batteries amid surging demand for electric vehicles.

Apple's New Watches, iPhones Are Coming At A Tough Time For Consumers

Apple's New Watches, iPhones Are Coming At A Tough Time For Consumers

Reuters | Wednesday September 07, 2022

Apple Inc on Wednesday is expected to unveil a new range of iPhone 14 models and Apple Watches that will test how willing consumers are to upgrade gadgets in the face of inflation and economic gloom.

Elon Musk's 20 Million Tesla Sales Goal By 2030 Driven By Battery Technology

Elon Musk's 20 Million Tesla Sales Goal By 2030 Driven By Battery Technology

Reuters | Tuesday September 06, 2022

The secret behind Elon Musk's goal of selling 20 million Tesla's a year by 2030 lies in its pioneering battery technology.

Donald Trump's Truth Social's Deal Partner Fails To Get Backing For Extension: Report

Donald Trump's Truth Social's Deal Partner Fails To Get Backing For Extension: Report

Reuters | Tuesday September 06, 2022

The blank-check acquisition firm that agreed to merge with Donald Trump's social media company failed to secure enough shareholder support for a one-year extension to complete the deal, people familiar with the matter said on Monday.

China Evergrande Winding-Up Lawsuit In Hong Kong Adjourned To November 7

China Evergrande Winding-Up Lawsuit In Hong Kong Adjourned To November 7

Reuters | Monday September 05, 2022, HONG KONG

Hong Kong's High Court approved on Monday an application by China Evergrande Group and its major offshore credit group to adjourn a winding-up petition against it to Nov. 7.

Will Implement Sino-US Audit Deal, Says China Securities Regulator

Will Implement Sino-US Audit Deal, Says China Securities Regulator

Reuters | Friday September 02, 2022, Beijing/Shanghai

China will implement its audit agreement with the United States announced last Friday and will strengthen communication with foreign institutional investors, a senior Chinese securities regulatory official said on Friday.

Indonesia's Tech Firm GoTo Buys Local Crypto Exchange For $8.4 Million

Indonesia's Tech Firm GoTo Buys Local Crypto Exchange For $8.4 Million

Reuters | Friday September 02, 2022

Indonesia's biggest tech firm PT GoTo Gojek Tokopedia Tbk (GoTo) entered crypto business by acquiring local crypto exchange PT Kripto Maksima Koin.

Polestar's Revenue Nearly Doubles As It Rides Electric Car Boom

Polestar's Revenue Nearly Doubles As It Rides Electric Car Boom

Reuters | Thursday September 01, 2022

Electric vehicle maker Polestar said on Thursday that its revenue nearly doubled in the first half of 2022.

Nvidia Allowed To Export As Transfers Needed To Develop Its AI Chip

Nvidia Allowed To Export As Transfers Needed To Develop Its AI Chip

Reuters | Thursday September 01, 2022

Nvidia Corp said on Thursday that the US government has allowed exports and in-country transfers needed to develop the company's H100 artificial intelligence chip.