Snap shares plummet 30% after missing revenue estimates
Snap shares tumbled by 30% in Wednesday morning trading, following the release of the company’s fiscal fourth-quarter earnings report. The stock decline came after Snap [more…]
Canada extends ban on foreign home buyers
Canada has extended a contentious ban on foreign home buyers until the end of 2026, aiming to address concerns about housing affordability and foreign investment [more…]
KfW Bank of Germany plans accelerated bookbuild to sell Deutsche Post shares
Germany’s state-owned KfW Bank has announced the launch of a placement of 50 million shares of its holding in Deutsche Post AG through an accelerated [more…]
Russia turns to India for Bananas amid Ecuador dispute
Russia has turned to India for its banana imports and plans to increase such shipments, announced the country’s food safety watchdog on Tuesday. This decision [more…]
Adam Neumann pursues WeWork acquisition
Adam Neumann, the co-founder of WeWork who was ousted from the company in 2019, is reportedly seeking to buy back the real estate company out [more…]
Groundbreaking speech AI company Camb.ai raises $4 million in seed round for global expansion
Camb.ai, a Dubai-based speech A.I. company, has secured a $4 million seed round led by Courtside Ventures, with participation from TRTL Ventures, Blue Star Innovation [more…]
South Korean defense firm LIG Nex1 gets $3.2 billion contract for missile system
In a major boost to South Korea’s defense exports, LIG Nex1 has secured a lucrative $3.2 billion deal with Saudi Arabia for the sale of [more…]
Taiwan Semiconductor Manufacturing Co (TSMC) is expanding its operations in Japan and is also planning to establish a plant in Germany
Taiwan Semiconductor Manufacturing Co (TSMC) is bolstering its presence in Japan with plans to construct a second chip fabrication plant, marking a significant win for [more…]
Stocks rally in Hong Kong and mainland China amid market intervention and regulatory measures
Stocks in Hong Kong and mainland China soared on Tuesday, with Hong Kong’s Hang Seng Index recording its biggest gain in six months and mainland [more…]
Reserve Bank of Australia holds interest rates
Australia’s central bank, the Reserve Bank of Australia (RBA), announced on Tuesday that it would maintain its benchmark interest rate at a 12-year high of [more…]