Saturday, July 31, 2021
Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported on Tuesday, citing people familiar with the matter. The application was made in recent weeks and sets in motion a period of scrutiny that could...
U.S. tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15% corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists. The deal, reached last Saturday, was designed to reduce companies'...
HSBC said it would withdraw from US mass market retail banking by selling some parts of its business and winding down others. Europe's biggest bank has for years been trying to shrink its presence in some European and North American markets where it has struggled against competition from larger domestic...
Group of Seven countries (G7) are close to reaching agreement on the corporate taxation of multinationals, clearing the way for a global deal later in the year, the Financial Times (FT) reported. After the United States agreed to accept a minimum rate of at least 15 per cent, France, Germany and...
It's been months and you still can't buy a PlayStation 5. Not only that, Samsung is raising concerns about ship shortages for its phones. Samsung says it might skip the Galaxy Note this year and the company warns of a 'serious imbalance' in the semiconductor industry. And Foxconn says...
When Microsoft's Bill Gates said in 1994 that "banking is necessary, banks are not", financiers and analysts alike dismissed the claims as the wild musings of an over-imaginative techie. Fast forward a few decades and that vision is fast becoming reality. Grab is one of the most dominant super apps in...
Banks are one of the engines of the modern economy, but the way they work is under threat. Tech-payment giants and digital currencies are revolutionizing how people use money. And this could have dramatic consequences far beyond banking. It could affect consumer privacy, government power, and the stability of the entire...
In early 2021, the U.S. government rolled out another massive round of economic stimulus aimed at offsetting the damage done by the Covid-19 pandemic. There's a potential side effect that some investors and economists fear could actually hurt the economy even more: inflation. Inflation is the rise in cost of goods...
Lumber prices soared above $1600 for the first time in history this week. The rise comes amid falling supply and increased demand for new homes and renovations. Lumber-related stocks are soaring in response and the average price of a new single-family home has jumped by $35,872. Lumber prices topped $1,600...
The legend goes that Masayoshi Son wanted to fund the future's ideas, so he created a $30 Billion Dollars fund. That's right, $30 Billion Dollars! But just before he met with potential investors, he fiddled with the slides and changed the amount. The fund wouldn't be $30 Billion Dollars. It...
All ships stranded by the grounding of the giant container ship Ever Given in the Suez Canal in March had passed through the canal by Saturday, ending the backlog that built up during the blockage, the canal authority said. The last 61 ships, out of 422 ships that were queuing...
Mergers and acquisitions (M&A) activity surged globally in the first quarter of 2021 to a year-to-date record, as companies and investment firms rushed to get ahead of changes in how people work, shop, trade and receive healthcare during the COVID-19 pandemic. While the number of deals was up only 6...

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