Enterprise

BMW Blames Russian Invasion, As It Lowers Profit Forecast

German carmaker BMW warns of ongoing chip shortages and new supply chain disruptions caused by Russian's invasion of Ukraine

3 years ago

Tesla Raises Prices For Second Time In Days

Second price rise for Tesla electric vehicles in the space of a week, as inflationary pressure continues amidst Ukraine war

3 years ago

Intel Confirms ‘Mega Factory’ In Germany

Chip giant Intel says it will initially invest 33 billion euros in EU, including 17bn euros for a 'semiconductor fab…

3 years ago

Toshiba’s Top Shareholder Opposes Breakup Plan

Years of turmoil at Japan's Toshiba continues, as leading shareholder opposes plan to break itself into three different units

3 years ago

Elon Musk Asks Judge For End Of Oversight Of His Tweets

Tesla boss Elon Musk formally asks a US judge to terminate the 2018 agreement with the SEC allowing lawyers to…

3 years ago

Rivian Sued By Shareholder, Alleging Misleading IPO Data

Shareholder alleges Rivian misled investors about pricing of SUV models - prices for which were increased, then quickly rolled back…

3 years ago

Intel’s Mobileye Files For IPO

Intel’s self-driving-car unit Mobileye files for IPO in the United States, in what could be one of the largest tech…

3 years ago

Google To Acquire Mandiant For $5.4 Billion

Mandiant is to be acquired by Google, after the Alphabet division agrees to pay $5.4 billion for the cybersecurity veteran

3 years ago

Visa, Mastercard Block Russian Financial Institutions

Financial pressure on Moscow continues, with the news that Visa and Mastercard have blocked multiple Russian financial institutions

3 years ago

Norway Oil Fund To Vote Against Apple Pay Scheme

Norway's oil fund, world's biggest sovereign wealth fund, to vote against Apple boss Tim Cook's $99m 2021 pay package as…

3 years ago

SEC Investigates Elon Musk And Brother Over Share Sales – Report

Fresh scrutiny. Elon Musk and his brother Kimbal Musk reportedly being investigated by the SEC for alleged insider trading

3 years ago

Intel Acquires Israeli Chipmaker Tower Semiconductor For $5.4bn

Chip giant Intel expands its manufacturing capabilities, and spends billions to acquire specialised chip manufacturing expert Tower Semiconductor

3 years ago

Just Eat Takeaway Chief Says No Plans To Sell Grubhub

Just Eat Takeaway chief executive Jitse Groen says plan to delist from Nasdaq does not indicate intention to sell Grubhub,…

3 years ago

Crypto Giant Binance To Take $200m Stake In Forbes

Giant cryptocurrency exchange Binance to take $200m stake in Forbes as media firm plans $630m listing in New York through…

3 years ago

FBI Arrest Couple For Alleged Laundering Of $4.5bn In Bitcoin

Married couple arrested in New York by FBI, in largest ever cryptocurrency theft case, as authorities seize $3.6 billion in…

3 years ago

ARM Likely To File For Public Listing In US

Disappointment for London Stock Exchange, as ARM owner Softbank indicates it will file for public listing in the United States

3 years ago

Microsoft Mulls Mandiant Purchase To Bolster Security – Report

Shares in Mandiant rise amid report that software giant Microsoft is considering a purchase of the veteran cybersecurity specialist

3 years ago

Nvidia’s $40bn Purchase Of ARM Holdings Collapses

Softbank and Nvidia confirm termination of controversial $40bn purchase of UK's ARM, which now has new CEO ahead of initial…

3 years ago

CMA Fines Meta A Second Time Over Giphy Order

UK watchdog fines Meta a second time, as Facebook again fails to inform the CMA about 'material changes' to its…

3 years ago

Meta Stock Suffers, As Facebook Loses Daily Users For First Time

Facebook warns of significant Apple iOS privacy impact, which will decrease sales in the coming year by as much as…

3 years ago

FTC To Review Microsoft Activision Buy, As Sony Acquires Bungie

Sony spends $3.6 billion to acquire Halo and Destiny developer Bungie, as US regulator reviews Microsoft's deal for Activision

3 years ago

Citrix Merges With Tibco In $16.5bn Deal

After years of activist shareholder pressure, Citrix is being acquired by a private equity group and will then be merged…

3 years ago

Priti Patel Approves Extradition Of Autonomy Founder Mike Lynch

Bad news keeps coming for co-founder and former CEO of Autonomy Mike Lynch, as Home Secretary approves his extradition to…

3 years ago

Apple Shrugs Off Chip Shortage With Record Revenues

Tech giant surpasses Wall Street predictions, as revenues grow 11 percent despite Omicron variant and ongoing global chip shortage

3 years ago

Facebook To Close Down Diem Crypto Venture – Report

End of the road for Diem (formerly Libra) digital currency, with sale reported of Diem Association to financial institution

3 years ago

IMF Urges El Salvador To Drop Bitcoin As Legal Tender

South American country El Salvador urged to reconsider its decision to adopt Bitcoin as legal tender, amid huge value decline

3 years ago

Nvidia Preparing To Abandon $40bn ARM Acquisition – Report

Facing many regulatory probes and lawsuits, Nvidia tells its partners it is preparing to abandon its acquisition of ARM Holdings

3 years ago

Digital Bank Chime Financial Plans Massive IPO

Chime Financial plans New York IPO worth up to $40bn after Covid-19 pandemic leads to surge in users and spiralling…

3 years ago