International Business

Italy's Antitrust Fines Amazon $1.28 Billion For Alleged Abuse Of Market Dominance

Italy's Antitrust Fines Amazon $1.28 Billion For Alleged Abuse Of Market Dominance

Reuters | Thursday December 09, 2021

Italy's antitrust said on Thursday it had fined e-commerce giant Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance.

Alibaba's E-Commerce Empire Under Threat From Douyin, Pinduoduo

Alibaba's E-Commerce Empire Under Threat From Douyin, Pinduoduo

Reuters | Thursday December 09, 2021

For more than a decade, Alibaba Group has been China's undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled by an influx of aggressive competitors into the sector.

Alibaba Overhauls E-Commerce Businesses, Names New CFO

Alibaba Overhauls E-Commerce Businesses, Names New CFO

Reuters | Monday December 06, 2021

Alibaba Group Holding Ltd said it will reorganise its international and domestic e-commerce businesses and replace its CFO - changes that come as the tech giant grapples with an onslaught of competition, a slowing economy and a regulatory crackdown.

How Stock Markets Could React In 2022 As Omicron Variant Raises Fear

How Stock Markets Could React In 2022 As Omicron Variant Raises Fear

Nikos Chrysoloras, Jeanny Yu and Thyagaraju Adinarayan, Bloomberg | Monday December 06, 2021

A year ago, the average stock strategist may not have seen that the worlds best-performing index in 2021 would be Mongolia, or that a movie theater chain would rise 13-fold.

Elon Musk Sells Tesla Shares Worth $1.01 Billion

Elon Musk Sells Tesla Shares Worth $1.01 Billion

Reuters | Friday December 03, 2021

Tesla Inc Chief Executive Elon Musk has sold another 934,091 shares of the electric vehicle maker worth $1.01 billion, U.S. securities filings showed on Thursday.

Didi Global To Start Work On Delisting From New York, To Pursue Listing In Hong Kong

Didi Global To Start Work On Delisting From New York, To Pursue Listing In Hong Kong

Reuters | Friday December 03, 2021

Chinese ride-hailing giant Didi Global will delist from the New York stock exchange and pursue a listing in Hong Kong, it said on Friday, after it ran afoul of Chinese regulators by pushing ahead with its $4.4 billion U.S. IPO in July.

Aston Martin CFO Kenneth Gregor Steps Down For Personal Reasons

Aston Martin CFO Kenneth Gregor Steps Down For Personal Reasons

Reuters | Thursday December 02, 2021

Gregor will step down as finance chief and executive director by June 30, 2022, and the board has initiated a process to appoint a replacement, the company said.

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.