Britain’s financial technology firm Revolut might be valued at over $40 billion in an upcoming share sale, despite still awaiting a UK banking licence, according to sources familiar with the situation. The
More
The U.S. Treasury Department announced on Friday that it received $556.7 million from auctions selling warrants in 11 major U.S. airlines. These warrants were received in exchange for COVID-19 assistance provided to
More
European Union countries are poised to fund up to 60% of the $50 billion loan pledged by the Group of Seven (G7) major democracies for Ukraine. This loan will be backed by
More
For the first time, Donald Trump‘s presidential campaign has more cash in its main account than President Joe Biden’s re-election campaign, as shown by financial disclosures on Thursday. Both sides are building
More
Independent U.S. presidential candidate Robert F. Kennedy Jr. is unlikely to participate in the first 2024 U.S. presidential debate after missing CNN’s criteria deadline. CNN, part of Warner Bros Discovery, is hosting
More
Siemens (SIEGn.DE) has temporarily halted the delivery of its new fast-speed ICE trains to Deutsche Bahn after detecting defects in some components, the German conglomerate announced on Thursday. A spokesperson for Siemens
More
Sales of new battery-electric cars in the European Union dropped 12% in May compared to the previous year, with a notable 30% decrease in Germany, according to data from Europe’s auto industry
More
This week, China responded cautiously as Russia and North Korea strengthened their alliance and vowed to resist the U.S.-led West, avoiding any trilateral arrangement that might strain Beijing’s relations with other countries.
More
Qualcomm (QCOM.O) has agreed to pay $75 million to settle a lawsuit in which shareholders accused the chipmaker of defrauding them by concealing its anticompetitive sales and licensing practices. The preliminary all-cash
More
Blackstone (BX.N) has launched a 275.8 billion yen ($1.74 billion) bid to take Japanese digital comic distributor Infocom (4348.T) private, offering a tender price of 6,060 yen per share, Infocom announced on
More