TikTok’s Chinese owner, ByteDance, has signed binding agreements with three major investors to form a new joint venture that will operate TikTok’s US app, a move aimed at averting a long-threatened ban by the US government. The agreement marks a major step toward resolving years of regulatory and political uncertainty…
European policymakers, global markets, and Washington delivered a flurry of closely watched developments on Friday that underscored shifting geopolitical and financial dynamics. From a major European Union funding commitment to Ukraine, to a breakthrough deal aimed at keeping TikTok operating in the United States, alongside central bank signals in Asia,…
Billionaire Gautam Adani’s conglomerate plans to invest more than $11 billion in its airports business by the end of the decade, as it looks to expand its footprint across India’s aviation sector, bid for new privatized airports, and diversify into aircraft maintenance and related services. The investment push comes as…
Just weeks before Bulgaria prepares to adopt the Euro, its government is falling apart. Streets are full, parliament is paralysed, and the state is heading for yet another snap election.Bulgaria’s corruption crisis is not sudden. It is the logical outcome of years of unresolved power struggles, weak courts, and a…
Japan’s Mitsubishi UFJ Financial Group (MUFG) will acquire a 20% stake in Shriram Finance Ltd for $4.4 billion, marking the largest cross-border investment ever in India’s financial sector, the Indian non-bank lender said on Friday.The transaction comes amid a sharp acceleration in foreign investment into India’s banking and financial services…
Sportswear giant Nike reported a sharp drop in second-quarter profit on Friday, overshadowing better-than-expected revenue and earnings and sending its shares down more than 10% in premarket trading, as investors focused on mounting pressure from China and higher costs.The company posted revenue of $12.43 billion for the quarter ended November…
The venture capital arms of Nvidia and Google have backed Swedish startup Lovable in a $330 million Series B round that values the vibe coding platform at $6.6 billion.The investment triples Lovable’s valuation in just five months and comes as the Stockholm company hit $200 million in annual recurring revenue.The…
The Nikkei 225 Index jumped by over 1.1% today, Dec. 19, even after the Bank of Japan (BoJ) hiked interest rates to the highest point since 1995. The index, which tracks the biggest Japanese companies, rose to ¥49,568, much higher than this week’s low of ¥48,900.BoJ hikes rates to 0.75%…
TikTok’s Chinese owner, ByteDance, has signed binding agreements with three major investors to form a new joint venture that will operate TikTok’s US app, a move aimed at averting a long-threatened ban by the US government. The agreement marks a major step toward resolving years of regulatory and political uncertainty…
President Donald Trump’s move to relax federal marijuana regulations has been welcomed by the US cannabis industry, but it has not changed the sector’s most persistent challenge.Access to mainstream banking remains limited, even as regulatory pressure eases, reports Reuters. The executive order signals a shift in tone from Washington and…