World News

GlobalFoundries, STMicro to build new US$5.7 Bn French chip factory

 GlobalFoundries, STMicro to build new US$5.7 Bn French chip factory

Chipmakers GlobalFoundries (Nasdaq: GFS) and STMicroelectronics announce a new factory in France.

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Three issues need to be fixed for Twitter deal to go ahead: Musk

Three issues need to be fixed for Twitter deal to go ahead: Musk

Elon Musk said three vital issues need to be settled first for the Twitter takeover to happen.

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US to observe inaugural Juneteenth federal holiday on Monday

US to observe inaugural Juneteenth federal holiday on Monday

Highlights: US will commemorate Juneteenth as a Federal holiday for the first time on June 20, Monday. Juneteenth is observed to celebrate the emancipation of the enslaved African Americans. The Juneteenth act was passed by President Joe Biden a...

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US mid-term polls in a year marred by inflation, fear of recession

US mid-term polls in a year marred by inflation, fear of recession

Highlights: US mid-term elections on November 8, 2022, will be a litmus test for President Biden. A Republican dominance will trouble the Biden administration in dealing with the current economic woes. The Ruling party generally fares badly in...

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Better.com, CEO misled investors to ensure SPAC deal: Former executive

Better.com, CEO misled investors to ensure SPAC deal: Former executive

  • June 08, 2022 02:46 AM PDT
  • Reuters

A former Better.com employee is suing the company and its chief executive, Vishal Garg, alleging they provided misleading statements to investors about the digital mortgage firm's financial prospects and performance. Sarah Pierce, a former executi...

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Musk warns rescinding Twitter deal over fake accounts in fresh salvo

Musk warns rescinding Twitter deal over fake accounts in fresh salvo

Highlight:s Elon Musk criticizes Twitter (TWTR) for blocking his RTI on fake accounts. Last week, Musk created a furor by announcing 10% job cuts in Tesla. Musk’s US$44 billion Twitter deal is cleared by US Justice Department. After...

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World Environment Day: Green investments that can earn you some green

World Environment Day: Green investments that can earn you some green

Highlights: The focus should be on less use of fossil fuels to generate electricity to run our industries and homes. Eco-friendly investments we should thrive on to earn and contribute to the environment. Green investing considers reducing pol...

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Travel insurance: Things you should know before buying one

Travel insurance: Things you should know before buying one

Highlights: Travel insurance should not be mistaken for normal health insurance by travelers. Getting a refund is not easy despite having travel insurance. Always read carefully about the coverage details and do not assume. One element in...

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Biden wishes Musk ‘luck’ on trip to the moon after his job cut plans

Biden wishes Musk ‘luck’ on trip to the moon after his job cut plans

Tesla Inc (Nasdaq: TSLA) chief Elon Musk said that he wants to cut 10% of company employees, noting that he has a “super bad feeling” about the economy that forced him to take the decision. To a Reuters query about his comments, US Pre...

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Facebook parent drops FB symbol, to trade under META ticker from June 9

Facebook parent drops FB symbol, to trade under META ticker from June 9

Highlights: Meta Platforms Inc. will adopt a new ticker symbol META before the market opens on June 9, 2022. Formerly known as Facebook, it changed its name to Meta Platforms Inc. in 2021. Meta shares shrunk by more than one-third in value, un...

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RedBird to buy Italian soccer club AC Milan in US$1.3 bn deal

RedBird to buy Italian soccer club AC Milan in US$1.3 bn deal

Highlights: US investment firm RedBird Capital Partners to own Italian soccer champions AC Milan in a US$1.3 billion deal. RedBird Capital Partners is likely to close the deal in September this year. Current owner, Elliott Management will als...

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