Financial Markets

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Samsung To Create 80,000 New Jobs, Plans $356 Billion Investment

South Korean electronics giant Samsung says it will create 80,000 jobs, and will sink a $356 billion investment into the…

4 hours ago

Global Digital Tax Law Not Ready Until 2024, Says OECD

Corporation tax delay. Rollout of 15 percent tax agreement for big name corporations only likely in 2024, says head of…

7 hours ago

Snap Earnings Warning Triggers Tech Sell-Off

Investors spooked after Snap warns of deteriorating economic conditions, says earnings now 'below the low end' of previous expectations

1 day ago

Rivian Eyes Profitability Amidst Market Pressure

Rivian says it has enough cash on hand to achieve profitability, as it faces pressure from shareholders and customers over…

2 days ago

Google’s Russian Unit To File For Bankruptcy – Update

Google subsidiary in Russia has its local bank account seized by authorities, and responds by announcing intention to file for…

1 week ago

Twitter Fights Back Over Musk Bot Allegations

Twitter chief executive Parag Agrawal defends company's estimates of fake accounts as Elon Musk says renegotiating deal not 'out of…

1 week ago

Cryptocurrency Crash Continues As Ethereum, Luna Plummet

After Bitcoin suffers major crash this week, Ethereum, Luna, terraUSD and other cryptocurrencies plunge, wiping $200 billion off entire market

2 weeks ago

Apple No Longer The Most Valuable Company In World

Oil giant Aramco has overtaken Apple as the most valuable company in the world, amid a decline in the iPhone…

2 weeks ago

Funding Round Values Cryptocurrency Exchange KuCoin At $10bn

New $150m funding round values Seychelles-based cryptocurrency exchange KuCoin at $10bn amidst soaring investment in 'web3' ventures

2 weeks ago

Bitcoin Falls 50 Percent From November High

Bitcoin, other cryptocurrencies slump amidst broader stock market sell-off amidst central bank interest rate hike and economic uncertainty

2 weeks ago

Netflix Sued By Shareholders Over Subscription Disclosure

Disgruntled Netflix shareholders are suing streaming giant Netflix, alleging it misled the market after a significant drop in subscriber numbers

3 weeks ago

German Minister Urges Tougher EU Antitrust Action

Must get tougher? German minister urges EC to consider breaking up companies for serious antitrust breaches, amid antitrust reform proposals

3 weeks ago

Alibaba Shares Briefly Plunge After Report About ‘Ma’

Alibaba Hong Kong shares briefly drop after ambiguous state media report about individual named 'Ma', as government strives to calm…

3 weeks ago

Apple Profits Surge, As Firm Warns Of Trouble Ahead

No interruption for the Apple gravy train, as it shrugged off supply chain troubles. However it forecasted bigger problems ahead

4 weeks ago

Tesla’s Elon Musk Sells Shares Worth $4bn, Promises No More

Elon Musk sells $4 billion of Tesla shares to help in his Twitter takeover, but indicates no further Tesla share…

4 weeks ago

Amazon Posts First Net Loss Since 2015, Amid Challenging Market

Disappointing results from Amazon with first loss since 2015, as inflation, fuel and warehouse costs and supply chain turmoil take…

4 weeks ago

Meta Pleases Investors After Daily User Number Growth Returns

Shares in Meta rose 20 percent in relief with modest daily and monthly user growth, despite mixed financial results in…

4 weeks ago

Alphabet Profit Slides As YouTube Misses Expectations

Tech giant posts mixed first quarter results, as Alphabet contends with rising inflation, increased YouTube competition, and falling ad spend

4 weeks ago

Twitter To Be Sold To Elon Musk For $44 Billion

Now what? Board of directors agrees to sell Twitter to the world's richest man, who has frequently criticised the platform…

4 weeks ago

Tesla Profits Hit New High In Spite Of Price Hikes

Tesla profits hit new record for first quarter, in spite of ongoing supply-chain disruption, Covid-19 restrictions, rising costs and price…

1 month ago

Musk In Talks With Thoma Bravo Over Joint Twitter Bid – Report

Media report suggests Elon Musk is in talks with private equity group Thoma Bravo about partnering up for possible Twitter…

1 month ago

Toshiba Says It Will Seek Buyout Offers

Strategic options. Japanese conglomerate shares rise after Toshiba says it will solicit deal offers, including buyout offers

1 month ago

Musk Secures $46.5 Billion Funding For Twitter Takeover

World's wealthiest man Elon Musk puts up $33.5 billion of his own money, as he readies for boardroom battle over…

1 month ago

Netflix Subscribers Fall For First Time In Ten Years

Streaming giant Netflix reveals loss of subscribers for the first time in ten years, and mulls lower-cost subscription plan with…

1 month ago

Amazon Adds Fuel, Inflation Surcharge To Sellers

US online shoppers could soon face high prices, after Amazon added a 5 percent “fuel and inflation surcharge” to the…

1 month ago

Investor Sues Elon Musk Over Late Share Disclosure

Twitter shareholder sues Elon Musk for failing to disclose his substantial stake in a timely manner, which impacted platform's share…

1 month ago

Elon Musk Will Not Join Twitter Board, CEO Confirms

Last minute u-turn from Elon Musk, as Parag Agrawal confirms Musk will not, after all, join the board of directors…

1 month ago

HP Shares Soar After Warren Buffett Reveals $4.2 billion Stake

Strategic move? Respected Wall Street investment group Berkshire Hathaway takes sizeable 11.4 percent stake in PC maker HP

2 months ago

Meta Finance Move With ‘Zuck Bucks’ Virtual Coins – Report

Plans at Meta to introduce virtual coins and lending services to its apps portfolio, despite cryptocurrency project collapse

2 months ago

Government Sets Out Plan To Recognise Stablecoins

Royal Mint to create a Non-Fungible Token (NFT) this summer, as the government unveils move to recognise stablecoins as a…

2 months ago