Business News

The latest business news and headlines on the world’s most important companies.

Xiaomi Set to Launch at Least 10 5G Phones in 2020, Says CEO
October 21st, 2019

The CEO of Xiaomi said that they anticipate relegation of 4G technology and will release more than 10 new 5G enabled smartphones.

Bitfinex Requests Subpoena to Access Seized Funds Worth $880 Million
October 21st, 2019

Bitfinex’s parent company iFinex Inc. filed an application to the court to recover $880 million of allegedly inaccessible funds.

Bitcoin Mining Startup Layer1 Raises $50M from Peter Thiel, Shasta Ventures and Others
October 21st, 2019

Bitcoin mining startup Layer1 will run its own power sub-station and utilize solar and wind energy generated on the plains of West Texas.

Kik Messenger Keeps Working under MediaLab’s Wing
October 19th, 2019

Kik messaging platform will stay but it will be working under MediaLab that has purchased it.

Galileo Financial Raises $77 million after 19 Years in the Making
October 18th, 2019

Many of the most discerning tech companies globally – including Chime, Robinhood, Monzo, Revolut, Transferwise, Varo and many others – trust Galileo’s APIs to open and verify new financial accounts, issue and process payment cards, and launch new products.

Tesla Is to Begin Manufacturing Electric Vehicles in China
October 18th, 2019

The Chinese authorities have given approval to Tesla to begin manufacturing electric vehicles locally.

Charles Schwab Brokerage Firm will Allow Investors to Trade Fractions of Stocks
October 18th, 2019

Charles Schwab will allow trading in fractions of shares to attract younger users to its online platform.

Volvo Cars Introduces its First Electric Car to Compete with Giants
October 17th, 2019

Volvo Cars introduced its first electric car the XC40 Recharge, which is an important step in the company’s shift way to electrification.

Samsung SDS Is Testing Blockchain-Based Medical Insurance Network
October 17th, 2019

According to Samsung SDS vice president Yoon Shim, the company started testing the system in August this year. The blockchain healthcare network is set to go live this month.

Warren Buffett Wants to Raise His Bank of America Stake over 10%
October 16th, 2019

It is reported that Warren Buffett wants to get permission from the Federal Reserve to increase Berkshire Hathaway’s stake in Bank of America.