Bill Ackman's Pershing Square Spac drops plans to acquire 10% of Universal Music Group

Bill Ackman's Pershing Square Spac drops plans to acquire 10% of Universal Music Group

By Christy Gren - Jul 20, 2021

Ackman’s maiden effort takes a turn by dropping the acquisition of 10% of the stakes in Universal Music Group. The deal is planned to lead on with the Pershing Square hedge fund.

Read More
Tokyo Olympic Games dogged by scandals and virus spread

Tokyo Olympic Games dogged by scandals and virus spread

By Anna Domanska - Jul 19, 2021

The Tokyo Olympics Games scheduled for 2020 are in their final countdown, but trouble seems to be dogging the meet’s footsteps incessantly. After the Covid-19 pandemic forced alm

Read More
Revolut hits $33 billion valuation with latest funding

Revolut hits $33 billion valuation with latest funding

By Anna Domanska - Jul 18, 2021

Revolut, the fintech company, has raised $800 million in series E funding, raising its valuation to $33 billion and making it the biggest private technology company in Britain. The

Read More
Elite investors driving stock boom and raking in big money

Elite investors driving stock boom and raking in big money

By Anna Domanska - Jul 17, 2021

Easy access to trading platforms has made retail investing more popular among the common man and led to a boom. Robinhood and Coinbase are two of the most visible beneficiaries of

Read More
Johnson & Johnson recalls sunscreen products due to benzene traces

Johnson & Johnson recalls sunscreen products due to benzene traces

By Anna Domanska - Jul 16, 2021

Johnson & Johnson (J&J) announced Wednesday it is recalling five of its sunscreen products after some samples were found to contain low levels of Benzene, a chemical that c

Read More
Intel in early talks to acquire chipmaker GlobalFoundries for $30 billion

Intel in early talks to acquire chipmaker GlobalFoundries for $30 billion

By Anna Domanska - Jul 16, 2021

GlobalFoundries came into spotlight last year when semiconductor industry leaders were trying to solve the ongoing chip shortage. The U.S.-based chipmaker offered something that no

Read More
Wall Street banks see economic boom in Q2 2021

Wall Street banks see economic boom in Q2 2021

By Anna Domanska - Jul 15, 2021

“Banks will be tested,” cautioned a McKinsey report from March 2020. The economic fallout of the Covid-19 pandemic has toppled the global balance. Times are changing now.  Ame

Read More
EU rolls out ambitious plans to end carbon-emissions by 2050

EU rolls out ambitious plans to end carbon-emissions by 2050

By Anna Domanska - Jul 15, 2021

The European Union has come out with plans to make the region carbon- free with a set of regulations that will restrict fossil fuel usage and  imports of the same. The European Co

Read More
Corona variants and inequitable vaccine distribution worrying, say G20 nations

Corona variants and inequitable vaccine distribution worrying, say G20 nations

By Anna Domanska - Jul 13, 2021

The rise in new variants of the Coronavirus and poor access to vaccines in developing countries will derail the recovery of economies across the world, warn the finance ministers o

Read More