Category: U.S.

Nov. 28, 2023 - U.K.'s Competition and Markets Authority has expressed concerns that Adobe's planned acquisition of Figma may have adverse effects on the country's digital design sector. (Photo: Shutterstock)
Estimated read time 3 min read
Business European Union U.K. U.S.

Britain’s CMA warning casts a shadow on Adobe’s $20 billion Figma acquisition

  • Post Date 11/28/2023

In a move that could significantly impact the landscape of the U.K.’s digital design sector, Britain’s Competition and Markets Authority (CMA) issued a warning on [more…]

Nov. 27, 2023 - Shein, having confidentially submitted its paperwork for an anticipated initial public offering, was most recently appraised at a valuation of $66 billion. (Photo: Tech in Asia)
Estimated read time 3 min read
Business China Singapore U.S.

Shein’s bold pursuit of an IPO encounters hurdles amid controversies and heightened regulatory scrutiny

  • Post Date 11/28/2023

In a significant move signaling its global ambitions, Shein, the Chinese-founded fast-fashion giant, has confidentially filed for an initial public offering (IPO) in the United [more…]

On Wednesday, Broadcom finalized its $69 billion acquisition of cloud-computing company VMware, concluding a lengthy saga after securing regulatory approval in China, the last major market. (Photo: VMWare | X)
Estimated read time 2 min read
Business China European Union U.S.

Broadcom successfully closes $69 Billion acquisition of VMware amid global regulatory hurdles

  • Post Date 11/22/2023

In a landmark move, Broadcom has officially concluded its $69 billion acquisition of cloud-computing giant VMware after overcoming regulatory obstacles, with China’s approval marking the [more…]

Nov. 21, 2023 - Mastercard secured approval to expand in China's payments market shortly after diplomatic efforts to enhance ties between Beijing and Washington. (Photo: Mastercard)
Estimated read time 3 min read
Business China U.S.

Mastercard receives approval for card clearing license in China

  • Post Date 11/21/2023

In a significant stride towards enhancing its presence in the global financial landscape, Mastercard has successfully secured approval to broaden its offerings within China’s massive [more…]

Nov. 20, 2023 - Citigroup is in the process of cutting over 300 senior manager positions, a move spearheaded by Chief Executive Jane Fraser as she endeavors to streamline operations. (Photo: Citibank)
Estimated read time 2 min read
Business U.S.

Citigroup streamlines operations with significant management cuts

  • Post Date 11/20/2023

In a move to simplify its organizational structure, Citigroup is set to eliminate over 300 senior manager roles, constituting approximately 10% of staff two levels [more…]

Nov. 15, 2023 ( Los Angeles) - Hyundai Motor introduced its inaugural high-performance electric vehicle (EV) in the United States—the N sport variant of its Ioniq 5 crossover SUV. (Photo: Hyundai)
Estimated read time 3 min read
Business South Korea U.S.

Hyundai unleashes power-packed IONIQ 5 N, a high-performance electric marvel

  • Post Date 11/16/2023

In a groundbreaking move, South Korean automotive giant Hyundai has roared into the high-performance electric vehicle (EV) arena with the debut of its N sport [more…]