Lyft effect: Uber valued at $82.4 billion in its most anticipated IPO
After Lyft’s IPO jitters, Uber settles for $45 per share with a valuation that is nearly a third less than predicted...
Category : In the News
Hackers withdraw $40.7 mn in bitcoin from Binance crypto exchange
The illegitimate transaction has only affected the exchange’s BTC hot wallet which contained 2 percent of its total BTC holdings...
More bad news for KPMG in Africa as Barclays Kenya parts ways
The decision comes right after Absa Bank terminated the services of KPMG over the corruption scandal in South Africa...
UOB signs MoU to help Chinese firms use Singapore as ASEAN launchpad
MoU between UOB, SGX, and CCIOC will present Singapore as a regional financial centre to foreign investors...
UAE’s AI strategy to establish itself as global testing platform by 2031
The UAE Cabinet expects AI applications to drive the national GDP and create new economic opportunities...
Italy’s UniCredit to pay $1.3 bn to settle US Iran sanctions violation
UniCredit and two of its banking units plead guilty to illegal funds transfer...
Saudi Aramco boosts presence in Asian refining with Hyundai Oilbank stake
The Saudi oil giant will take a 17% stake for $1.25 billion in the South Korean refining company...
Brexit impact: Cash, robust balance sheets the target for UK CFOs
81% UK businesses now expect long-term business deterioration...
Thailand auto industry ‘might shift to Vietnam’ after EU trade deal
The EU-Vietnam Free Trade Agreement can kill the competitiveness of Thai auto exports...
Volkswagen eyes SK Innovation to build EV battery gigafactory
Volkswagen will purchase $56.57 billion worth of battery cells for electric vehicles...