Bloomberg

Facebook Inc (NASDAQ: FB) and some of the world's largest telecommunications carriers, China Mobile Ltd (OTC: CHLKF) and MTN Group Ltd, will likely build a wider-than-earlier planned giant sub-sea cable in Africa, Bloomberg reports. Other project partners include ...

India has asked Tesla Inc (NASDAQ: TSLA) to first increase local procurement and furnish a detailed manufacturing plan before it considers the Elon Musk-led electric vehicle maker’s demands for lower taxes, Bloomberg News reported on Friday, citing a source. What Happened: The details were...

Apple Inc's (NASDAQ: AAPL) leading assembly partner Hon Hai Precision Industry Co Ltd (OTC: HNHAF) (OTC: HNHPF), also known as Foxconn, expects the sales of gadgets like smartphones to fall sequentially this quarter, Bloomberg reports. What Happened: The...

Shanghai EV startup, Aichi Automobile Co, also known as Aiways, is looking to raise around $300 million via a U.S. initial public offering, Bloomberg reports.  The company, which has its European headquarters in Munich, sought funding from investors, including ride-hailing giant ...

Amazon.com Inc (NASDAQ: AMZN) and Ford Motor Co (NYSE: F)-backed electric vehicle maker Rivian is in advanced talks to invest at least $5 billion to build an electric vehicle factory near Fort Worth, Texas, Bloomberg reported on Wednesday. What Happened: The plant, codenamed “Project...

Cardano (CRYPTO: ADA) and Ether (CRYPTO: ETH) co-founder Charles Hoskinson said Cardano prioritizes human rights by not doing business with countries that violate them. What Happened: During a Bloomberg interview, Hoskinson said that Cardano is a "big believer in...

The cryptocurrency industry's lobbying efforts apparently paid off as a bipartisan group of Senators pitched an amendment meant to appease crypto proponent's concerns over the possible consequences of the vague wording contained in the infrastructure bill. What Happened: According to a...

SoftBank Group Corp (OTC: SFTBF) has quietly acquired a $5 billion stake in Roche Holdings AG (OTC: RHHBF), making it one of the largest investors of the Roche, Bloomberg reported.  SoftBank believes Roche’s Genentech division, which focuses on data-based drug...

A leader in technology for financial markets announced going public via a SPAC merger Wednesday. The SPAC Deal: Pico announced a SPAC deal with FTAC Athena Acquisition Corp (NASDAQ: FTAA). The deal values the company at a pro forma enterprise value of $1.4 billion. A fully funded $200 million PIPE...

Apple Inc (NASDAQ: AAPL) may have underestimated the demand for Apple Watch Series 6's Titanium variant and run out of supply months after it stopped manufacturing them, as per Bloomberg's Mark Gurman. What Happened: The $799 titanium model of Apple Watch Series 6 is listed...

According to Visa Inc.'s (NYSE: V) financial results for the third quarter of 2021, the firm processed a significant volume of cryptocurrency transactions this year — but the hype is already over. What Happened: While recent reports indicate that Visa saw its crypto cards...

A company that specializes in men’s grooming products is in talks to go public via SPAC. Here are the details on the potential merger of Manscaped and what investors should know about the company. What Happened: Manscaped, a company that focuses on “below the waist hygiene” is in...

Tencent Holdings Ltd (OTC: TCEHY) suspended new user registrations for its WeChat services as it undergoes a technical security upgrade under relevant laws and regulations, Bloomberg reports. Lately, China has issued strict regulations online education industry and food...

Facebook Inc (NASDAQ: FB) has stopped targeting ads to children below eighteen based on their interests or their activity on other apps and websites, Bloomberg reported. The changes will apply to Facebook's legacy site, photo-sharing app Instagram, and Messenger communication app....