International Business

Grab Debuts On Nasdaq, Marking Biggest Southeast Asia Listing

Grab Debuts On Nasdaq, Marking Biggest Southeast Asia Listing

Reuters | Thursday December 02, 2021

Grab, Southeast Asia's biggest ride-hailing and food delivery firm, lists on Nasdaq on Thursday following its $40 billion merger with special-purpose acquisition company (SPAC) Altimeter Growth Corp.

Jack Dorsey-Led Square Rebrands To Block In Nod To Blockchain

Jack Dorsey-Led Square Rebrands To Block In Nod To Blockchain

Reuters | Thursday December 02, 2021

Square Inc, the payments company led by Twitter Inc co-founder Jack Dorsey, said on Wednesday it was changing its name to Block Inc, as it looks to expand beyond its payment business and into new technologies like blockchain.

Jack Dorsey Chases Crypto, Fintech Dream Post Twitter

Jack Dorsey Chases Crypto, Fintech Dream Post Twitter

Reuters | Wednesday December 01, 2021

At a packed Miami conference in June, Jack Dorsey, mused in front of thousands of attendees about where his real passion lay: "If I weren't at Square or Twitter, I'd be working on bitcoin."

Google Proposes New Commitments On Browser Cookies: UK Regulator

Google Proposes New Commitments On Browser Cookies: UK Regulator

Reuters | Friday November 26, 2021

Google proposed making changes to its plan, which is called "privacy sandbox", in June, including allowing the CMA an oversight role.

China Asks Didi To Delist From US On Security Fears: Report

China Asks Didi To Delist From US On Security Fears: Report

Reuters | Friday November 26, 2021

Proposals under consideration include a straight up privatization or a share float in Hong Kong followed by a delisting from the United States.

Citigroup To Create 100 Roles In Digital Asset Push

Citigroup To Create 100 Roles In Digital Asset Push

Reuters | Tuesday November 23, 2021

Citigroup is looking to create 100 roles focused on digital assets including blockchain and digital currencies at its institutional division, the U.S. bank said on Tuesday.

Amazon, Apple Handed $225 Million Italian Fine For Alleged Collusion

Amazon, Apple Handed $225 Million Italian Fine For Alleged Collusion

Reuters | Tuesday November 23, 2021

Italy's antitrust authority has fined U.S. tech giants Amazon.com and Apple Inc a total of more than 200 million euros ($225 million) for alleged anti-competitive cooperation in the sale of Apple and Beats products.

Tesla's Elon Musk Exercises More Options, Sells $973 Million For Taxes

Tesla's Elon Musk Exercises More Options, Sells $973 Million For Taxes

Reuters | Wednesday November 17, 2021

Tesla's stock rebounded from its recent selloff on Tuesday in a rally of electric vehicle makers a day after Chief Executive Elon Musk disclosed he sold another $930 million worth of his company's shares.

JPMorgan Sues Tesla For $162 Million Over Warrants, Elon Musk Tweets

JPMorgan Sues Tesla For $162 Million Over Warrants, Elon Musk Tweets

Reuters | Tuesday November 16, 2021

JPMorgan Chase & Co on Monday sued Tesla Inc for $162.2 million, accusing Elon Musk's electric car company of "flagrantly" breaching a contract related to stock warrants after its share price soared.

Tesla's Market Value Falls Below $1 Trillion After Elon Musk Tweets

Tesla's Market Value Falls Below $1 Trillion After Elon Musk Tweets

Reuters | Tuesday November 16, 2021

Tesla Inc's stock extended its recent selloff on Monday as investors reacted to CEO Elon Musk's recent share sales of a combined $6.9 billion, as well as to his most recent tweets.

As Autos Go Electric, Toyota Chases Hydrogen Dream

As Autos Go Electric, Toyota Chases Hydrogen Dream

Reuters | Monday November 15, 2021

As U.N. climate conference delegates considered how to save the planet over the weekend in Glasgow, Toyota Motor's chief executive was in Japan racing an experimental hydrogen car - a vehicle he says could preserve millions of auto jobs.

Global Economy Stuck In "History's Biggest Traffic Jam"

Global Economy Stuck In "History's Biggest Traffic Jam"

Bjorn Van Roye, Brendan Murray and Tom Orlik, Bloomberg | Wednesday November 03, 2021

Last year the global economy came juddering to a halt. This year it got moving again, only to become stuck in one of historys biggest traffic jams.

ByteDance Founder Zhang Yiming Steps Down As Chairman: Report

ByteDance Founder Zhang Yiming Steps Down As Chairman: Report

Reuters | Wednesday November 03, 2021

ByteDance founder Zhang Yiming has stepped down as chairman of the TikTok owner, after announcing his resignation as chief executive officer in May, a person with direct knowledge of the matter told Reuters.

Apple Results Hit By Supply Chain Challenges, Tim Cook Says Holiday Quarter Impact Will Be Worse

Apple Results Hit By Supply Chain Challenges, Tim Cook Says Holiday Quarter Impact Will Be Worse

Reuters | Friday October 29, 2021

Supply chain challengescost Apple Inc $6 billion in sales during the company's fiscal fourth quarter, which missed Wall Street expectations, and Chief Executive Tim Cook said that the impact will be even worse during the current holiday sales quarter.

Samsung Electronics Q3 Profit Rises To 3-Year High On Chip Sales

Samsung Electronics Q3 Profit Rises To 3-Year High On Chip Sales

Reuters | Thursday October 28, 2021

Samsung Electronics Co Ltd's third-quarter profit rose 28% to its highest in three years, as strong memory chip prices, chip contract manufacturing and display sales outweighed increased costs to produce consumer electronics.