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    1. Business News
    2. Authors
    3. bloomberg

    Bloomberg

    Britannia to buy Britania: 130-yr old Indian co to acquire Kenya firm for this much money, expand Africa ops

    The company teamed up with Nairobi-based Kenafric Industries to purchase Catalyst Capital-backed Britania Foods Ltd. in Kenya in a $20…

    By Bloomberg
    October 6, 2022 10:18 IST
    Google
    Google to pay $85 million to end Arizona consumer-privacy suit

    Arizona accused Google in a May 2020 complaint of violating the state’s Consumer Fraud Act by gathering location data even…

    By Bloomberg
    October 6, 2022 08:45 IST
    Credit Suisse loses Asia deputy wealth head as departures mount

    The Swiss lender, contending with a near-record low share price, is facing an erosion of talent in Asia. Five private…

    By Bloomberg
    October 5, 2022 13:48 IST
    JPMorgan holds off on adding India to bond index, keeps on watch

    The decision to refrain from adding the bonds to the JPMorgan Government Bond Index-Emerging Markets — while keeping them under…

    By Bloomberg
    Updated: October 5, 2022 13:31 IST
    Elon Musk, Twitter, deal, price, stock, share
    Elon Musk revives bid to buy Twitter at the original price, stock in focus as deal nears completion

    Musk had been trying for months to end his contract to acquire Twitter, signed in April.

    By Bloomberg
    October 5, 2022 12:44 IST
    On the marketing front, they are also planning to collaborate with social media influencers to promote their favorite finds to fans.
    Goodwill launches resale site featuring luxury brands such as Gucci and Prada

    Although the amount of merchandise from big luxury labels has yet to be determined, the site is expected to have…

    By Bloomberg
    October 4, 2022 17:20 IST
    Other online resellers have experienced even sharper share drops since going public.
    South Korea’s Naver to acquire Poshmark in $1.2 billion deal

    With the transaction, Poshmark will get access to Naver’s extensive e-commerce experience

    By Bloomberg
    October 4, 2022 16:47 IST
    Credit Suisse, CS
    Credit Suisse risk gauge at record high, shares hit new low

    Credit Suisse Group AG’s gauge of credit risk rose to a record high while its stock hit a fresh low,…

    By Bloomberg
    October 3, 2022 14:34 IST
    Credit Suisse, Deutsche Bank, investment bank, Analysts, lender
    Credit Suisse to announce a new strategic plan on October 27

    The lender is currently finalizing plans that will likely see sweeping changes to its investment bank.

    By Bloomberg
    October 3, 2022 12:11 IST
    S&P 500, fed rate hike, inflation, recession, economy
    Fed to keep raising rates aggressively to win the battle against inflation even if that causes a recession

    The S&P 500 declined 9.3% in September in the steepest monthly decline since March 2020 as Covid-19 spread.

    By Bloomberg
    October 2, 2022 20:35 IST
    Saudi Arabia has already started to become an active investor in the e-gaming industry.
    Saudi Arabia outlines plans to invest $38 billion in Esports

    Savvy Games Group, a unit of the country’s sovereign wealth fund, will spend 50 billion riyals to acquire and develop…

    By Bloomberg
    October 2, 2022 14:31 IST
    The shift underscores the changing mood around crypto, both from a regulatory and a financial standpoint.
    Crypto’s hold on Formula 1 sponsoring gets tested in Singapore

    When Singapore hosts the most popular motor sport this weekend, the visibility of digital assets will be far more subdued.

    By Bloomberg
    October 2, 2022 12:04 IST
    US stocks, S&P 500, index, equities, risk, return
    US stocks suffer their worst monthly rout since March 2020

    All eyes will be on the earnings season, which starts next month, for insight into how companies are managing through…

    By Bloomberg
    Updated: October 1, 2022 20:50 IST
    Apple, market capitalization, stock price, Nasdaq 100, rating
    Apple market capitalization falls $120 billion as stock price drops 4.9% after rating cut

    Apple has been treated as a haven for much of this year, outperforming fellow mega-caps and the broader tech gauge…

    By Bloomberg
    September 30, 2022 14:06 IST
    US stocks, S&P 500, Nasdaq, interest rate, investor, global market
    US stocks plunged to the lowest levels since November 2020 with S&P 500 and Nasdaq falling over 2% on Thursday

    Investors are grappling with threats posed by discordant moves from central banks over the past few days, with Fed officials…

    By Bloomberg
    Updated: September 30, 2022 11:59 IST
    laptop, laptop manufacturing, tabs, dell, apple, iphone production,
    India eyes $550 million incentives to draw Apple, Dell, other tablet makers

    In particular, the country wants to persuade Apple, which already assembles iPhones in India via its Taiwanese suppliers, to make…

    By Bloomberg
    September 29, 2022 17:30 IST
    Fast Company apologized to users who saw the message and said it is investigating the incident and has shut down both its feed as well as its website until it is certain the situation is resolved.
    Apple News users receive racist alerts post hacking of Fast Company

    The US-based business magazine, published by Mansueto Ventures LLC, said on Twitter that “two obscene and racist push notifications were…

    By Bloomberg
    September 28, 2022 12:53 IST
    Netflix Games
    Netflix sets up first internal studio to develop video games

    The new games studio will be Netflix’s fourth overall, after the company acquired another Helsinki-based studio, Next Games, and Boss…

    By Bloomberg
    September 28, 2022 09:01 IST
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    Latest News

    Meity fast-tracks data centre policy amid investment surge

    Anand Mahindra childhood memory of 1962 War and Indian women’s gold holdings

    ‘I can still picture my mother holding’: Anand Mahindra recalls 1962 war memory, highlights Indian women’s gold holdings

    US market opens flat as weak Tesla and IBM results, US-China tensions weigh on market

    Salaries soaring, yet seasoned RMs hard to come by

    Food Corporation of India, FCI, finance ministry, economy, minimum support price, MSP

    Food subsidy bill for FY26 may exceed BE by 15%

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