Tag: business news

Hitachi scraps UK nuclear power plant project
Business

Hitachi scraps UK nuclear power plant project

Hitachi stated Wednesday it’s pulling out of a multi-billion-pound nuclear energy plant challenge in Wales, citing a worsening funding atmosphere, in a blow to Britain’s low-carbon vitality ambitions. The challenge … Read More

SoftBank Group selling Arm to NVIDIA for up to $40 billion
Business

SoftBank Group selling Arm to NVIDIA for up to $40 billion

Japan’s SoftBank Group stated Monday it’s promoting British chip designer Arm to US agency NVIDIA for as much as $40 billion, probably creating a brand new big within the trade … Read More

Q&A: What does a deal between TikTok and Oracle mean?
World

Q&A: What does a deal between TikTok and Oracle mean?

TikTok’s mother or father firm ByteDance has chosen Oracle over Microsoft as a brand new American expertise companion to assist preserve the favored video-sharing app working within the U.S., in … Read More

Business braces for impact as Jakarta heads into second lockdown
Business

Business braces for impact as Jakarta heads into second lockdown

The markings of a rollercoaster yr are plastered over Sutiwet’s small Jakarta restaurant – plastic obstacles on the counters, stickers on the glass urging prospects to put on masks, and … Read More

Gilead to buy cancer drugmaker Immunomedics for $21 billion
Business

Gilead to buy cancer drugmaker Immunomedics for $21 billion

Gilead Sciences Inc will purchase biotech firm Immunomedics Inc for $21 billion, a transfer that may strengthen its most cancers portfolio by getting access to a promising drug, the 2 … Read More

Further fiscal stimulus warranted in India: IMF
Business

Further fiscal stimulus warranted in India: IMF

The IMF on Thursday mentioned that there’s a want for an additional stimulus in India, particularly expenditures on well being, meals and revenue help for susceptible households, and help for … Read More

US stocks swing from gains to losses as wild week continues
Business

US stocks swing from gains to losses as wild week continues

U.S. shares turned decrease Thursday after a morning of uneven buying and selling following every week of sudden, jarring shifts. The S&P 500 was down 0.5% in noon buying and … Read More

Ambani’s Reliance to offer $20 billion stake in retail arm to Amazon: Report
Business

Ambani’s Reliance to offer $20 billion stake in retail arm to Amazon: Report

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is providing to promote a roughly $20 billion stake in its retail enterprise to Amazon.com Inc., based on an individual with data of … Read More

India’s Reliance denies plans for Amazon mega-deal
Business

India’s Reliance denies plans for Amazon mega-deal

Indian conglomerate Reliance denied a report Thursday that it was planning to promote a $20-billion stake in its retail enterprise to US rival Amazon in a deal that might upend … Read More