Tesla’s China-Made Unit Sales Hit 44,264 in August
American carmaker Tesla Inc. saw deliveries of China-made units climb in August with a huge chunk of sales coming from exports, Reuters reported. Data from the China Passenger Car Association...
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US Banking Giant JP Morgan Buys 75% Majority Stake in Volkswagen Payment Unit
JPMorgan stated on Wednesday that it plans to acquire a majority stake of close to 75% in Volkswagen’s payments business, according to a report by CNBC on Wednesday. The U.S....
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SEC Warns to Sue Coinbase Over Planned Lend Offering
The SEC has cautioned to sue if Coinbase proceeds with a plan to provide a new product called Lend, according to a report by Coinbase on Wednesday. The unexpected move...
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Fast Food Giant McDonald’s Started Accepting Bitcoin Payments in El Salvador
Surprisingly, McDonald’s in El Salvador already can and is willing to accept Bitcoin payments, according to a report by Bitcoin Magazine on Tuesday. The company has made an effort to...
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Berkshire Gains from BYD Investment Up $2 Billion This Year Alone
Multinational conglomerate Berkshire Hathaway Inc. has gained $2 billion from its holdings of Chinese automaker BYD Co. Ltd. so far this year, Markets Insider reported. Berkshire acquired 225 million BYD...
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Tencent Shares’ Buyback Bolstering Sentiment on China Stocks
Chinese tech stocks jumped to their highest level in a month after a round of share buybacks by Tencent boosted market sentiment, according to a report by Bloomberg on Tuesday....
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Tech Giants Like Apple and Amazon are On Pace to Develop Their Own Chips
Apple, Amazon, Facebook, Tesla, and Baidu are moving away from established chip companies opting for development in-house, according to a report by CNBC on Monday. Syed Alam, global semiconductor lead...
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Why Money Managers are Shifting to Unrated Bonds
Money managers are being pushed to shift to unrated debt in a bid to secure higher returns amid record-low interest rates, WSJ reported. Managers have been moving to smaller bonds...
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Ryanair Discussion with Boeing Over Max 10 Finalizes Without A Deal
Ryanair has published that its negotiations with Boeing for a Max 10 order have ended without any deal on pricing, according to a report released by Ryanair on Monday. Ryanair...
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Beijing will Create a Stock Exchange Focused on Smaller Enterprises, Says China’s President Xi
China’s President Xi Jinping stated that the country would establish a stock exchange in Beijing to serve smaller businesses, according to a report by Reuters on Thursday. Mainland China’s two...
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Apple Inc to Cut Media Apps Commission to 30% Amid Rising Global Scrutiny
Apple Inc will allow the developers of apps such as Netflix to link from its App Store to external websites for payments by users, according to a report by Bloomberg...
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CrowdStrike Holdings Upgrades Guidance Even as Losses Widen in Q2
American cybersecurity tech firm CrowdStrike Holdings Inc. hiked its guidance for the fiscal year 2022 amid double-digit subscription growth, even as the company announced wider losses in the second quarter....
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