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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Swvl Holdings (SWVL) stock zooms 45% after Zeelo acquisition

Swvl Holdings (SWVL) stock zooms 45% after Zeelo acquisition

Shares of Dubai-based Swvl Holdings Corp (SWVL) jumped over 44% after it announced signing a definitive agreement to acquire ‘smart’ bus operator Zeelo for US$100 million. The SWVL stock was trading at 44.87% higher to US$9.735 at 12:4...

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Lucid Group Inc (LCID) bags 10-year Saudi contract for EVs

Lucid Group Inc (LCID) bags 10-year Saudi contract for EVs

Highlights Lucid Group Inc (Nasdaq: LCID) has bagged a 10-year contract from Saudi Arabia for electric cars. The company will set up a production plant in the country for vehicle deliveries. Lucid to set up a full production plant in Saudi Ara...

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Musk’s ‘cocaine’ tweet creates stir: Is he serious about buying Coca-Cola?

Musk’s ‘cocaine’ tweet creates stir: Is he serious about buying Coca-Cola?

Highlights Elon Musk purchased 100% stake in Twitter for approximately US$44 billion earlier this week. Earlier, the SpaceX founder had said that he wanted to unlock the “extraordinary potential” of the micro-blogging site. Musk ha...

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Decoding the saga of “free speech” on Twitter

Decoding the saga of “free speech” on Twitter

Highlights Elon Musk bought Twitter for US$44 million, stating that the social network has tremendous potential to be unlocked. Musk wants to boost Twitter by easing censorship restrictions and inculcating new algorithms for its better function...

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Elon Musk’s Twitter deal sets off worst fall in Tesla (TSLA) stocks

Elon Musk’s Twitter deal sets off worst fall in Tesla (TSLA) stocks

Highlights: Tesla shares witnessed a sharp fall on Tuesday after Musk’s Twitter deal. TSLA shares fell 12% to US$876.42, its highest in more than a year. Twitter shares also tanked by 3.9% on Tuesday. Tesla Inc. (TSLA) shares slid 1...

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Elon Musk nears deal to buy Twitter, ending days of wild conjectures

Elon Musk nears deal to buy Twitter, ending days of wild conjectures

Highlights: Twitter nears settling purchase deal with Elon Musk. Deal to end days of speculations since his unsolicited offer to own the company. Musk to take over Twitter after his US$43 billion bid. It could be a watershed moment for so...

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The hybrid work model: Employees love this new pandemic-warped new normal

The hybrid work model: Employees love this new pandemic-warped new normal

Highlights: The hybrid workplace model is here to stay. A growing number of employees who have tasted its endearing benefits want it retained. The hybrid model brought about a paradigm shift in workplaces.    Before the pandemic...

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Tesla CEO Elon Musk mobilizes US$46bn in funding to acquire Twitter

Tesla CEO Elon Musk mobilizes US$46bn in funding to acquire Twitter

Elon Musk has garnered US$46 billion in funding to take over Twitter Inc., a filing with US regulators revealed on Thursday. After a series of discussions with potential financiers to secure funds for his US$43 billion bid to buy Twitter Inc., Elo...

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Amazon.com, Inc (AMZN) inks record renewable deals to power operations

Amazon.com, Inc (AMZN) inks record renewable deals to power operations

Highlights: Amazon (AMZN) clinched deals to gain higher access to renewable energy. Amazon to purchase 3.5 gigawatts of renewable energy. The retail giant is five years ahead of its goal to power operations with renewables by 2025. Retail...

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Apollo Global aims to assist in financing of Twitter’s bid

Apollo Global aims to assist in financing of Twitter’s bid

Highlights According to media reports, Apollo Global has shown an interest in assisting with a Twitter acquisition. Last week, Musk offered to purchase Twitter Inc. for US$43 billion. Last Friday, Twitter Inc implemented a “poi...

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