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Li Shufu, the billionaire who controls one of China’s biggest electric vehicle (EV) makers, is consolidating his business under his Hong Kong-listed flagship Geely Auto. He and his associates will extract more than US$2 billion by selling their stakes in the process. Geely Auto has agreed to buy an 11.3 per cent stake in New […]
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These are the stories making headlines in fashion on Thursday. Tapestry, Inc. and Capri Holdings have mutually terminated the merger agreement that would have combined Tapestry’s Coach, Stuart Weitzman and Kate Spade with Capri’s Michael Kors, Jimmy Choo and Versace. This decision … Continue reading Source link
(Reuters) – Estonian ride-hailing and food delivery startup Bolt said on Thursday it had hit 2 billion euros ($2.11 billion) in annual revenue, as the European rival of U.S.-based Uber grows its global presence and prepares to go public. The company said in a statement its app has reached over 50 countries and is the […]
The Boost Mobile of today is a lot more than it was just a couple of years ago, with its own 5G network and competitive unlimited plans. Before T-Mobile completed its takeover of Sprint, Boost was an MVNO offering discount plans on another carrier’s network. These days, Boost’s own native 5G network covers more than […]
Indonesian President Prabowo Subianto yesterday wound up a visit to China, his first since taking office last month, signaling an intention to maintain good relations with Beijing in order to support his domestic economic agenda. During the November 8-10 trip, Prabowo met with high-ranking officials including President Xi Jinping, Premier Li Qiang, and Zhao Leji, […]
The world’s richest man keeps getting richer. Elon Musk’s net worth has hit a major milestone, surpassing $300 billion for the first time in nearly three years, Bloomberg reports. The jump follows growing optimism that President-elect Donald Trump’s administration would provide a favorable environment for Musk’s businesses. For example, Trump has promised to ban self-driving […]
Der Kursanstieg der Tesla-Aktie nach dem Wahlsieg von Donald Trump hat den Börsenwert des Elektroauto-Herstellers zum ersten Mal seit 2022 wieder über die Marke von einer Billion Dollar gehoben. Tesla-Chef Elon Musk ist einer der lautesten Unterstützer von Trump und es wird erwartet, dass er mit der Verringerung der US-Regierungsausgaben betraut werden könnte. Die Tesla-Aktie […]
U.S. Cellular has agreed to sell $1.02 billion worth of spectrum licenses to AT&T as part of its strategy to monetize its spectrum assets that were not included in an earlier $4.4 billion deal with T-Mobile. Reuters reports: Last month, U.S. Cellular agreed to sell select spectrum licenses for $1 billion to Verizon. It also […]
GILGIT/ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday announced the immediate power supply of 100 megawatts for Gilgit Baltistan and Rs1 billion endowment fund for the universities students. The prime minister, who chaired the special meeting of the GB cabinet during his daylong visit here, expressed satisfaction and pleasure over the timely completion of Bubar […]