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BUSINESS

Donald Trump backed Sanofi will donate 100 million hydroxychloroquine doses

April 10th, 2020

French firm Sanofi said it will donate 100 million hydroxychloroquine doses in 50 countries.

BUSINESS

TikTok pledges USD 250 mn for COVID-19 Relief

April 9th, 2020

TikTok, a popular short video making app will contribute $250 million to coronavirus relief around the world.

BUSINESS

WeWork sues SoftBank for backing out of $3 billion Investment deal

April 7th, 2020

WeWork sued SoftBank after the Japanese investment group announced backing out of a USD 3 billion investment deal.

BUSINESS

WeWork troubles deepen as SoftBank pulls its $3 billion tender offer

April 4th, 2020

SoftBank has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders.

BUSINESS

The Cost of Tokyo Olympic Postponement

March 24th, 2020

The postpone of Tokyo Olympic over the coronavirus pandemic is likely to pile on the pain for Japan's economy,

BUSINESS

IMF Warns Coronavirus Recession Could Be Worse Than 2009

March 23rd, 2020

IMF MD in a statement said the world economy is facing "severe" economic damage from the coronavirus pandemic that could be even more costly than in 2009.

BUSINESS

Saudi Oil Group Aramco Sponsors Formula One

March 11th, 2020

Saudi oil giant Aramco said it has signed on as a global sponsor of Formula One racing.

BUSINESS

Coronavirus wipes USD 50 billion From global Exports in February

March 5th, 2020

UN economists announced a likely USD 50 billion drop in worldwide manufacturing exports in February

BUSINESS

Comviva Sells Stake in TerraPay to Prime Ventures, Partech Partners and IFC

March 3rd, 2020

Comviva has sold its shares in fintech company TerraPay to a consortium of Prime Ventures, Partech Partners and IFC.

BUSINESS

Mastercard CEO Ajay Banga Steps Down, Served Company for 10 years

February 26th, 2020

Online payment giant Mastercard CEO Ajay Banga Steps Down after working for 10 years.

BUSINESS

Blume Ventures Raises $102 mn in final close of Fund III

February 19th, 2020

Venture capital firm Blume Ventures announced the final close of Blume Ventures Fund III at USD 102 million.

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Samsung ends Mobile Phone production in China