Feyisayo Ajayi
Banijay, a French television production business planning to go public, reported stronger first-quarter sales and profits on Friday than a year earlier. Banijay is the world’s largest worldwide content producer and distributor, with over 120 production businesses spread across 22 nations and over 120,000 hours of original programming. Banijay will go public through a merger with a blank-check acquisition firm backed by...
Elon Musk said on Friday that his $44 billion cash purchase for Twitter Inc (NYSE: TWTR) is “temporarily on pause” while he waits for evidence on the number of false accounts on the social media platform. Twitter shares were down 9.6% to $40.71 in premarket trading on Friday, a...
Tether, the world’s largest stablecoin, which is meant to be pegged 1-to-1 to the U.S. dollar has...
Siemens’ business suffers a 600 million euro ($630 million) knock in the first quarter, with more expenditures to come. The German industrial and technology conglomerate is the latest multinational to report damages as a result of its decision to leave Russia after the invasion on February 24. Siemens incurred 600 million euros in impairment and other charges, the majority of which were recorded in the company’s train-making mobility division. Siemens’ second-quarter earnings were hit hard by the charges, with net income falling to 1.21 billion euros ($1.27 billion). Siemens shares dropped 5% in early trading. The company has reiterated its full-year plan, with slower growth in factory automation and digital buildings projected to balance a dip in transportation. This report’s...
Bitcoin drops below $27,000 for first time since December 2020 level amid crypto sell-off
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Analysts have identified $30,000 as a critical level for the largest cryptocurrency by market cap, predicting that...
Consumer goods and services inflation is presently at 8.3 percent, down 0.3 percent from the previous month.
The symbolic move demonstrates how markets are shifting as the global economy deals with rising interest rates,...
This comes after Russian-backed separatists in eastern Ukraine were accused of siphoning off the gas at the...
Despite gold's reputation as a safe haven against inflation, inflation data was higher than expected but not...
Base metals have been pushed lower by Chinese lockdowns and concerns about rapid US interest rate hikes,...
The leading cryptocurrency exchange posted a loss of $429.7 million, or $1.98 per share in the first...
The move effectively puts an end to the iconic product line that helped usher in a new...
In April, Tesla sold 1,512 China-made electric vehicles in the country, a drop of more than 95...
After a strong start, oil is still up more than 30 percent for the year, supported by...
Ford now owns 93.9 million shares in the California-based company, down from 102 million shares in the...
Trading volumes on the platform fell to $309 billion for the quarter ended March 31, 2022, from...
Apple's patent application is a continuation of previous U.S. patent applications, as this is Apple's second patent...
Citi continues to serve multinational corporate clients despite the closure of its Russian operations.
Chinese automaker, Geely to buy 34 percent stake in Renault Korea in deal valued at $207 million
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As part of the scheme arrangement, Renault Korea Motors will issue 45.4 million shares to Geely's unit...
El Salvador's recent coin purchase is the country's largest since it began adding digital currency to its...
Investors are less interested in what drove business during the recent strong bull market and are now...
Tech’s latest IPOs are taking a hit, with Robinhood, Rivian, down over 70 percent from offer price
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The drop in the share price of technology companies has been especially harsh for companies that made...
40 percent of bitcoin investors are now in the red as the cryptocurrency market continues to fall
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Bitcoin has declined by more than 50 percent in the last six months when the price of...
Gautam Shantilal Adani was born in a Gujarati Jain family. He has seven siblings the eldest being...
Chelsea Football Club has agreed to sell for more than £4 billion to the Todd Boehly Consortium.
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Chelsea Football Club has confirmed that arrangements have been agreed on for the purchase of the English...
Russia’s richest man, Vladimir Olegovich Potanin is now the 34th richest person in the world, the Bloomberg...
Twitter, the American microblogging and social networking service, has acknowledged overstating its user base by 1.9 million...
The Management of the most capitalized company on the Nigerian Exchange announced a 170 million unit of...
Elon Reeve Musk FRS is an entrepreneur, investor, and business magnate.He is the founder, CEO, and Chief...
