Cryptocurrency firm Coinbase, which runs a top exchange for Bitcoin and other digital currency trading, has hit a market value of nearly $100bn (£72.5bn) in its stock market listing. Shares…
Category: Business News
Japan: Toshiba president steps down amid $20bn buyout bid
Toshiba’s chief executive resigned on Wednesday amid controversy over a $20bn (£14.5bn) buyout bid from private equity firm, CVC Capital Partners. A statement from the Japanese conglomerate gave no reason…
Egypt: Authorities seize Ever Given ship over $900m compensation claim
Egypt impound the giant container ship that blocked the Suez Canal last month until its Japanese owner pays $900m (£652m) in compensation. One of the Ever Given’s insurers, UK Club,…
USA: Grab set for $40bn valuation in US share listing
Grab, the dominant ride-hailing and food delivery firm in South East Asia, is preparing to list shares in the US in a deal that values the firm at nearly $40bn…
France: Lawmakers moves to ban short-haul domestic flights
French lawmakers have moved to ban short-haul internal flights where train alternatives exist, in a bid to reduce carbon emissions. Over the weekend, lawmakers voted in favour of a bill…
USA: The ‘Iron Man’ body armour that makes you super strong and tireless.
Imagine wearing high-tech body armour that makes you super strong and tireless. Such technology, more specifically called an exoskeleton, sounds like the preserve of the Iron Man series of superhero…
China: Alibaba fined $2.75bn by Chinese regulator
The world’s biggest online retailer – China’s Alibaba – has been hit with a record fine equivalent to $2.75bn (just over £2bn). Regulators in China said the internet giant had…
UK: Buckingham Palace garden picnic tickets on sale
Visitors to Buckingham Palace will be allowed to wander around its gardens unguided for the first time, the Royal Collection Trust (RCT) has said. The traditional summer opening of the…
USA: Restaurants face ketchup packet shortage
The US is facing shortages of tomato ketchup after the coronavirus pandemic led to a surge in demand for sachets of the popular condiment. Heinz, the most widely sold brand…
UK: ‘Disappointed’ travel chiefs seek clarity from PM
Leading travel industry figures have reacted with dismay to Boris Johnson’s latest comments on the lockdown roadmap, saying they need more clarity. The prime minister said he was “hopeful” that…