Uber has agreed to acquire Postmates in a $2.65 billion all-stock takeover expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter.
The Commerce Department’s initial estimate of U.S. gross domestic product in the second quarter is the steepest drop in more than 70 years.
China reported that the country’s GDP grew by 3.2% in the second quarter of this year, compared to a year ago, beating analysts’ expectations and rebounding from the first quarter’s contraction.
Google has acquired 7.7 percent stake in Jio Platforms Ltd., adding to a series of large U.S. investments into an online venture that has nearly 400 million users in India.
- Jeff Bezos to Step Down as Amazon CEO; Andy Jassy to Take Over 1
- China failed to buy agreed amounts of U.S. goods under ‘phase one’ trade deal 2
- Signal and Telegram downloads surge after WhatsApp says it will share data with Facebook 3
- Elon Musk Overtakes Amazon's Jeff Bezos as World's Wealthiest Person 4
- Congress Certifies Biden Victory; Trump Says There Will Be 'Orderly Transition' 5
- 'It's insurrection' Biden says, as Trump supporters storm U.S. Capitol 6
Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network on Tuesday by signaling that the world’s biggest telecoms equipment maker is no longer welcome in the West.
Singapore’s economy plunged into recession last quarter as an extended lockdown shuttered businesses and decimated retail spending.
Despite US efforts to destroy its business and impacts from coronavirus, Huawei has reported a huge increase in sales during the first six months of this year, the telecom giant said.
Chinese entertainment titan Tencent said it has purchased Southeast Asian streaming service Iflix to extend the reach of its own streaming platform WeTV into the region.
Softbank announced in May that Alibaba’s Jack Ma would step down from its board
Johnson & Johnson faces more than 19,000 lawsuits claiming that its talc products caused cancer because of contamination from asbestos.
Jio Platforms, the digital services arm of Indian conglomerate Reliance Industries, has now raised a total of $13.7 billion across 10 deals in a little less than two months.
U.S. firms can work with Huawei on setting standards for next-generation technologies, the Department of Commerce said Monday.
SUPER-APP player Grab will be laying off about 360 employees - representing just under 5 percent of its workforce - due to financial pressures arising from the Covid-19 pandemic.
The coronavirus pandemic has forced the oil major to take the largest write-down in the industry in years.
The U.K. posted the biggest monthly fall in GDP (gross domestic product) in the country’s history in April, according to the Office for National Statistics.
The five most valuable tech companies lost more than $269 billion in value on Thursday, the worst day for U.S. stocks since March.