Twitter to Accept Musk’s Original US $ 43 B Offer
Twitter is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla has called his “best and final” offer for the social media company, people familiar with the matter said. Twitter may announce the $54.20-per-share deal later on Monday o
Toshiba Shares jump after Japanese Conglomerate opens Door to Buyout
Shares of Toshiba Corp jumped nearly 5% in Tokyo trade on Friday, after the embattled Japanese conglomerate said it would solicit deal offers, including on a potential buyout, bolstering hopes of a lucrative exit for its hedge fund investors. Toshiba, which has been locked in a years-long battle wit
Prada announce Strong Start to 2022 despite Russia, China Closures
Italian luxury group Prada posted strong results in the first four months of the year as its U.S. business offset the impact of suspending operations in Russia and coronavirus lockdowns in China, CEO Patrizio Bertelli announced. Bertelli added the Milan-based, Hong Kong-listed fashion house has no p
Rakuten Pay Online Payment Rolls Out on Uber Eats
Rakuten Group, Inc. and Uber Eats Japan Inc. announced the launch of a new collaboration integrating Uber Eats with Rakuten Pay’s online payment service, which utilizes the Rakuten ID system. Rakuten Pay will be available as an official payment method when ordering food and groceries on Uber Eats
Nexo and Mastercard launch First Crypto Backed Card
Crypto lender Nexo said it has teamed up with global payments company Mastercard to launch what it calls the world’s first “crypto-backed” payment card. It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream. Ne
Twitter’s Top Shareholder Elon Musk decides not to join Board
Twitter Inc’s biggest shareholder, Elon Musk, has decided not to join its board, Chief Executive Parag Agrawal said late on Sunday. Musk, who calls himself a free-speech absolutist and has been critical of Twitter, disclosed a 9.1% stake on April 4 and said he plans to bring about significant
Gulf States Push Yemen Peace Talks With US $ 3B Pledge
Gulf states pledged $3 billion to Yemen after the country’s president handed over powers to a transitional council, the latest effort by Saudi Arabia and its allies to disentangle themselves from a conflict that has hit their vital oil facilities. Saudi Arabia and the United Arab Emirates will eac
Russia turns to Chinese Microchips for Domestic Bank Cards
Russia is turning to microchip manufactures in China to evade western sanctions which have boosted demand for bank cards linked to the Mir payment system. Western sanctions imposed on Russia over its invasion of Ukraine have cut Moscow off the global financial system and from nearly half of its $640
