Nov. 28, 2023 - Alipay, the Chinese payment giant, intends to offload its 3.4% stake in the Indian food delivery giant Zomato for almost $400 million through block deals on Indian stock exchanges. (Photo: Fortune India)
Estimated read time 3 min read
China India Technology

Chinese payments giant seizes opportune timing for exit as Zomato shares surge over 90% this year

  • Post Date 11/28/2023

In a strategic move, Chinese payments group Alipay, a subsidiary of Ant Group, is set to sell its 3.4% stake in Indian food delivery giant [more…]

Billionaire entrepreneur and owner of the Dallas Mavericks, Mark Cuban, has announced his departure from ABC's "Shark Tank." (Photo: Zulily blog)
Estimated read time 3 min read
Entertainment U.S.

Mark Cuban announces departure from ‘Shark Tank’ after Season 16

  • Post Date 11/28/2023

In the glittering cityscape of Dallas, where towering skyscrapers mirrored the ambition of its denizens, a seismic announcement rippled through the entrepreneurial realm. Mark Cuban, [more…]

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…]

In the week ending Nov. 17, commercial crude-oil stockpiles, excluding the Strategic Petroleum Reserve, increased by 8.7 million barrels to 448.1 million barrels, remaining 1% below the five-year average for this time of year, as reported by the EIA. (Photo: Getty Images)
Estimated read time 3 min read
Investing & Markets U.S.

Surprise surge in U.S. crude oil and gasoline inventories

  • Post Date 11/22/2023

In an unexpected turn of events, U.S. crude oil and gasoline inventories experienced a notable increase last week, defying predictions and sending shockwaves through the [more…]

Nov. 22, 2023 - OpenAI announced the reinstatement of Sam Altman as CEO, concluding a tense five-day standoff with the board that had previously terminated him. (Photo: Getty Images)
Estimated read time 3 min read
Technology U.S.

OpenAI resolves leadership crisis with Sam Altman’s return as CEO

  • Post Date 11/22/2023

In a surprising turn of events, OpenAI has announced that Sam Altman, co-founder of the artificial-intelligence startup, will be reinstated as chief executive, ending a [more…]