Visa has signed an agreement to acquired Swedish fintech Tink for USD 2.1 billion or 1.8 billion euros. The move seems to be a calculated effort by the payment giant as it is likely to…
Business
Federal Aviation Administration Delays Boeing 777X Certification Citing Serious Issues
In yet another setback to Boeing, the Federal Aviation Administration has delayed significant certification of 777X aircraft. In a letter to the world’s largest aerospace company, the FAA said that the 777X is not likely…
FedEx Partners With Nuro To Test Self-Driving Robot Car For Package Delivery In Houston
FedEx has entered into a partnership with autonomous delivery startup Nuro to test the little robot car for delivering packages in the company’s network. They are working together on a pilot project in Houston. The…
The CDC Cautions People Against Travelling To Canada In The New Travel Advisory
Canada is facing the wraths of the third COVID19 wave at present. Experts believe that soon the country might outpace the US in terms of the rising number of new infections compared to its overall…
Toshiba Corp. Considering Buyout Offer From Equity Group CVC Capital Partners
Toshiba Corp. has been offered an acquisition proposal by CVC Capital Partners. The preliminary proposal by the private equity firm would take it private. The Japanese technology conglomerate is considering the offer. The offer is…
United Airlines Resumes Services To New York JFK After Around Six Years Of Hiatus
After several delays, United Airlines has finally resumed services to New York’s John F. Kennedy International Airport. The services are being resumed around six years after the airline bid farewell to the JFK airport. This…
Nike Lays Off More Employees Even As Company Witnesses Rise In Total Sales
Nike continues to struggle with the challenges of the global coronavirus pandemic as it has announced a fresh round of layoffs. The sneaker giant reportedly said that the latest job cuts are part of an…
Short-Seller Firm Hindenburg Research Accuses Lordstown Motors Of Faking Pre-Order Numbers
The short-selling firm Hindenburg Research has accused startup electric truck-maker Lordstown Motors of faking pre-order numbers. In a new report published by the firm, it said that the electric-vehicle startup exaggerated numbers to generate interest…
Weeks After Acquiring HuffPost From Verizon, BuzzFeed Lay Offs Several Staff
Within a month of acquiring HuffPost from Verizon Media, BuzzFeed has announced layoffs of several employees of the company. BuzzFeed chief executive offer Jonah H Peretti said that the decision will affect 47 employees in…
Ripple Announces End Of Partnership Of With Money Transfer Services Company MoneyGram
Blockchain payment firm Ripple has announced that it is ending its partnership with money transfer services company MoneyGram International. The companies have not mentioned any reason behind this decision. However, Ripple Chief Executive Officer Brad…