JLR revealed that it would spend about $3.5 billion yearly on electrification technologies. The cost would also cover developing connected vehicle services.
After the successful IPO, Bumble secured $2.2 billion from investors, pushing Wolfe Herd to become one the youngest billionaires at 31.
In the new proposed law, Uber envisions an ecosystem that offers an “industry-wide level playing field” and sets a “consistent earnings baseline” for workers across different platforms.
The Paris-based company Vivendi stated that its board had set a “minimum target of €30bn” of valuation for Universal Music.
The last days were not very successful for the FAANG stocks, however, Google and Netflix enjoyed some gains.
The founder expects that SBI Holdings will take advantage of the cryptocurrency boom to make the area its key earner.
Economies all over the world are beginning to recover. Asia seems to be leading the world. For Japan’s Nikkei 225 in particular, reaching a major milestone, topping 30,000, a first in over 3 decades.
Over 260 million Rolls-Royce preferred shares exchanged hands on Friday.
Apple already has other automakers in mind as it was reported a couple of weeks ago that they are investing $3.6 billion in KIA Motors to push their car production dream.
The new Bolt EV and EUV products are a boost to General Motors’ plans to deliver as many as 30 EV brands to the market by the end of 2035.
The fundraising round of Synthetix is the first time when the project directly governed by a DAO raises funds. Investing in Synthetix, Coinbase Ventures, Paradigm, and IOSG are bringing something valuable to the project.
BitPay is joining forces with Apple Pay as more institutions are inclining toward cryptocurrencies, influenced by Tesla’s $1.5B investment in Bitcoin.
ING said that it is working on its loan provisioning as the provisions for bad loans dropped 51%. The slowdown in the economic activity also affected the bank’s total lending business.
The entire business model of Virgin Galactic is ambitious, as the company is working hard to make space travels a reality, not just for astronauts, but also for every global citizen.
With PayPal being a CBDC distributor, more customers would be interested in its products, especially those related to crypto.