Volvo Cars fully acquires Zenseact driving software company

Jan 02, 2023 09:47 am UTC| Business Economy

Volvo Cars has taken over Zenseact driving software company after acquiring a 13.5% stake which increased its ownership to 100%. The deal effectively made the Swedish multinational manufacturer of luxury vehicles the new...

Hyundai Motor recruiting new technical employees for the first time in a decade

Jan 02, 2023 08:25 am UTC| Business Economy

Hyundai Motor is reportedly planning to hire new technical workers, and the recruitment will take place in the span of two years starting this year. In total, the South Korean automaker is looking to add a total of 700 new...

Fidelity marks down value of its Twitter stake by 56% to $8.63 million

Dec 31, 2022 23:58 pm UTC| Business Technology Economy

Fidelity Blue Chip Growth Fund slashed the value of their Twitter stake by 56 percent $8.63 million in November 30, following Elon Musks $44 billion buyout. The value of the funds Twitter stake was $19.66 million at the...

Digital Currency Revolution

FTX says Bahamas regulators hold just $296 million, not $3.5 billion of its assets

Dec 31, 2022 23:54 pm UTC| Digital Currency Economy Business Law

Bankrupt cryptocurrency exchange FTX disputed claims by the Securities Commission of the Bahamas (SCB) that it was holding $3.5 billion of its assets, insisting that the seized assets were worth just $296 million, The...

Microsoft-Activision case set for pre-trial on Jan. 3

Dec 31, 2022 23:53 pm UTC| Law Economy Business Technology

The first pre-trial hearing in the Federal Trade Commissions (FTC) case against Microsoft over its $69 billion bid to take over Activision Blizzard has been set for Jan. 3. The FTC, which enforces antitrust law, asked a...

US review could delay or block Binance’s acquisition of Voyager Digital

Dec 31, 2022 23:30 pm UTC| Digital Currency Economy Business Investing

A US national security review could block or delay Binances $1.022 billion acquisition of bankrupt crypto lender Voyager Digital. According to the interagency body Committee on Foreign Investment in the United States...

JPMorgan, Deutsche Bank seek dismissal of lawsuits by Jeffrey Epstein sex abuse accusers

Dec 31, 2022 23:25 pm UTC| Economy Business Law

JPMorgan Chase Co and Deutsche Bank AG are seeking the dismissal of lawsuits by women who accused Jeffrey Epstein of sexual abuse and blamed them for enabling and ignoring red flags about the late financiers sex...