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…
Business
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…
Identity Firm Okta To Acquire One Of Its Leading Challengers For USD 6.5 Billion
Identity management company Okta has announced that it will acquire Auth0, one of its leading challengers. The company said that the deal will cost UAS 6.5 billion. This is when the company was valued at…
British Airways Owner IAG Calls For Digital COVID-19 Health Passes As Loss Soars To Records USD 9 Billion
The last year has been really tough for aviation industries and airlines are still looking for ways to get back in the sky after the coronavirus pandemic brought it to a grinding halt. Such is…
Twitter Offered USD 1.1 Billion To Buy ShareChat, Wanted To Develop It As Global Rival To TikTok
Microblogging platform Twitter is serious about its expansion plan. It wants to cover the market as much as possible. It planned to acquire ShareChat. ShareChat is an Indian social networking platform. It was founded in…