Business
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Insurance giant LIC opens IPO sale for investors
Institutional investors flocked to buy shares in India’s state-run insurance giant Life Insurance Corporation (LIC) in a $2.75 billion (£2.18…
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Citigroup in ‘Active Dialog’ about selling its Russian retail operations
Citigroup Inc.’s consumer and commercial banking operations in Russia are in “active dialogue” with possible buyers, according to Chief Executive…
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Netflix loses 200,000 subscribers in first quarter; blames competition, password sharing and Russia’s invasion of Ukraine
Netflix announced on Tuesday that it lost 200,000 paid customers in the first quarter, the first drop in over a…
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New digital laws put Dubai on top of the global market for digital assets
Dubai’s government authorities are now mandated by law to provide digital services to their citizens. Law No. (9) of 2022…
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Elon Musk acquires the highest stake in Twitter Inc – 9.2%, Twitter’s shares soar up 28%
Elon Musk disclosed on Monday that he had bought a 9.2% passive stake in Twitter Inc. Musk holds 73,486,938 shares…
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Vietnam’s Bamboo Airways to sign $2 billion deal with GE
Vietnam’s airline company Bamboo Airways to sign $2 billion deal with General Electric (GE) for GEnx engines to power Boeing…
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Baxter to acquire medical technology leader Hillrom for $12.4 billion
The multinational health care company Baxter to acquire medical technology leader Hillrom for $12.4 billion. Hillrom will bring complementing products…
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Amazon Web Services acquires messaging service Wickr
The cloud computing platform Amazon Web Services acquire messaging service Wickr. Amazon Web Service had posted revenues of $13.5 billion…
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Vodafone boosts packages to help small business in Europe
The telecom giant Vodafone has announced to launch packages that will boost small business in Europe. The packages are designed…
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