Business & Finance
Nissan Supported Chinese Self-Driving Startup WeRide Raises $310 Mln
Japan’s Nissan Motor supported China based autonomous driving startup WeRide raised $310 million at a $3.3 billion valuation recently and announced that it would be deepening its partnership with the Japanese auto giant for development of autonomous driving technology and vehicles aimed for the...
Amazon continues to be the most expensive brand in the world
One of the world's largest online retailers, Amazon, has retained its title as the most expensive brand, up 64% year-on-year to $683.8 billion, according to a Kantar BrandZ study. Overall, the top three remained unchanged. Second place went to Apple, as it did a year earlier, with Google in third...
PayPal, Visa to invest in blockchain fund
International payment service PayPal and Visa Inc. one of the world's two largest bank card companies, are investing in a $300 million Crypto VC blockchain fund, Coindesk reported, citing confirmation from Paypal. "PayPal and Visa are trying to get into the crypto industry as partners in the fifth...
Takeover Proposal From CD&R Of $7.6 Bln Rejected By UK's Morrisons
A proposed cash offer of 5.52 billion pound ($7.62 billion) by the United States based private equity firm Clayton, Dubilier & Rice (CD&R) for the British supermarket group Morrisons have been rejected by the later as it said that the offer was far too low. It received the...
Australian Retailer Woolworths Sued By Country’s Watchdog Over Staff Underpayments
The industrial relations watchdog of Australia has filed a case against the country’s largest supermarket chain Woolworths Group over allegations that the company underpaid its staff. It was more than a year ago that the company had admitted that it was not making fill payments to thousands of its...
Porsche Plans A Joint Venture With German Battery Maker For Its EVs
A new joint venture partnership with the joint venture with Customcells is being forged by the luxury sports car unit the German auto powerhouse Volkswagen, Porsche AG, for making batteries for electric car batteries that will have significantly higher performance levels which will help to reduce...
With Competition In Payments Sector Heating Up, PayPal Overhauls US Rates
Merchant costs for its branded payment products will be lifted by PayPal Holdings Inc while also cutting down on those for behind-the-scenes processing of some Visa and Mastercard transactions which is being seen as a bold move by the company in the digital payments sector which is getting...
Survey Finds Travellers Care Deeply About Sustainability But Willingness To Pay More Varies
One of the silver lining outcomes of the Covid-q9 pandemic for the tourism sector is an increased commitment from travellers towards “sustainable” travel, finds a new survey. However the hopes for a “green” recovery may have been overblown with travel prospects being lifted because of...
Cost of COVID-19 vaccine developer drops 50% after failed trial
German pharma company CureVac lost more than half its market value after its coronavirus vaccine showed only 47% efficacy. The company's development was previously backed by Elon Musk. The German pharmaceutical company CureVac has lost more than half of its market value after its coronavirus...
French Court Slaps $1 Million On Ikea For Spying On Workers In France
The Swedish furniture retailer Ikea was found guilty of improperly using employee data by a French court which consequently ordered the company to pay a €1 million ($1.2 million). This judgment was announced by a court in Versailles in France. The case was filed against the French...
