The Financial Times

Goldman Sachs Group Inc. (NYSE: GS) is looking to expand its corporate cash management services across Europe starting September, the Financial Times reported Tuesday. What Happened While the investment bank's cash management platform is set to launch in the United States next month, it is...

The Bill and Melinda Gates Foundation is now entirely focussed on fighting the ongoing COVID-19 pandemic. What Happened The Gates Foundation has committed $250 million to the fight against COVID-19, but the scope of the battle has now broadened. According to the Foundation's Co-Chair...

Airbnb Inc. has raised $1 billion in a second funding round in just over a week, the home-rental company announced Tuesday. What Happened The San Francisco-based company had previously announced a $1 billion funding from Silver Lake and Sixth Street Partners. Airbnb said the latest funding is...

The disclosure of the fraud by Luckin Coffee (NASDAQ: LK) has shaken the faith of investors in Chinese companies listed on United States exchanges, Citron Research founder Andrew Left told the Financial Times on Sunday. "It makes you question the whole system, honestly," the short-seller...

Other than loans under the Paycheck Protection Program, JPMorgan Chase & Co. (NYSE: JPM) will not accept any other small business loan applications until further notice. What Happened JPMorgan’s consumer head Gordon Smith informed President Donald Trump on Tuesday the bank had...

A major investor in Tesla Inc. (NASDAQ: TSLA) said the company is better run after independent directors were appointed to supervise Elon Musk. What Happened James Anderson, the head of global equities for Baillie Gifford, said, “We thought he was getting things wrong,” when...

Alphabet Inc. (NASDAQ: GOOGL) is closing down Makani, a company that generates power with kites, the Financial Times reports. What Happened Fort Felker, CEO of Makani, announced Makani’s departure from Alphabet's experimental “X” lab in a Medium post....

The Public Investment Fund of Saudi Arabia sold almost all of its shares in Tesla Inc. (NASDAQ: TSLA) in the fourth quarter of 2019. What Happened The state-owned investment firm sold 99.5% of its 8.2 million shares last year, CNBC reported Tuesday based on a regulatory filing. The Saudi Fund is...

Seattle-based e-commerce giant Amazon.com Inc. (NASDAQ: AMZN) is testing an online lending platform for the third-party sellers on its platform, Business Insider reported Monday. What Happened The platform, which has been in beta testing since at least late last year, according to Insider,...

German Chancellor Angela Merkel said Europe should stop viewing China as a systemic rival and avoid coming “under pressure between America and China.” What Happened Europe should maintain a close relationship with China and avoid involvement in the ongoing U.S.-China trade war,...

The London Stock Exchange Group will file its $27 billion merger deal with financial data provider Refinitiv with the European Union antitrust authorities in the coming weeks, the Financial Times reported on Monday. What Happened The stock exchange company has been in talks with the Brussels-based...

Sony Corp (OTC: SNEJF) is working on developing a new, more affordable lidar vision-sensing technology for self-driving cars, the Financial Times reports. What Happened In an attempt to dominate the market for image sensors in the nascent autonomous-vehicles industry, Sony is developing a...

Mitsubishi Motors Corporation (OTC: MMTOF) will stop the production of new diesel engines, according to Nikkei Asian Review. What Happened The Tokyo-based multinational automotive manufacturer will reduce its diesel lineup to some SUVs and small trucks in the U.S. and...

The UK is at the “end of the queue” among the countries waiting to reach a data flows agreement with the EU, according to Financial Times. What Happened Discussions over the future trade relationship between the UK and the EU in the aftermath of Brexit is scheduled to start in 2020. But...

The Food and Drug Administration released new guidelines Tuesday for manufacturers seeking approval to continue selling e-cigarettes, or vaping devices, and the liquids used in the devices to deliver nicotine.  What Happened Under FDA regulation of e-cigarettes that began in 2016,...