EXCLUSIVE Two senior Grab executives quit as company rejigs unit to stem losses – sources
Two top executives at Grab Holdings’ fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.
Uber seals taxi deal to expand its business in Italy
Uber Technologies Inc (UBER.N) has clinched a deal to integrate its ride-hailing app with Italy’s largest taxi dispatcher as it seeks to boost its presence in the eurozone’s third-largest economy, the company said on Tuesday.
Chipmaker Broadcom in talks to buy VMware
Broadcom Inc (AVGO.O) is in talks to acquire cloud service provider VMware Inc (VMW.N) in a deal which could transform the chipmaker into a diversified tech firm, people familiar with the matter said.
BlackRock, JPMorgan, others tell Texas they don’t boycott energy companies
BlackRock Inc (BLK.N), JPMorgan Chase & Co (JPM.N) and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds.
Telefonica beats first-quarter profit forecasts
Spain’s Telefonica (TEF.MC) posted a smaller-than-expected fall in first-quarter net profit on Thursday helped by inflation-matching price rises in most markets, operating efficiencies and strength in its cloud and cybersecurity business.
SoftBank Vision Fund posts $26 bln loss; Son pledges defence
Japan’s SoftBank Group Corp (9984.T) reported a record $26.2 billion loss at its Vision Fund investment arm on Thursday, as rising interest rates and political instability whiplashed high-growth tech stocks.
Cryptoverse: Venture capitalists catch crypto fever
Venture capital is making a big move on crypto in 2022.
Musk sells $8.5 billion worth of Tesla stock as he prepares to purchase Twitter!
On Thursday and Friday, Musk disclosed the sale of 9.6 million shares in Securities and Exchange Commission paperwork. The total cost of the transactions ranged from $822.68 to $999.13. In the three days following the news of an agreement to buy Twitter, Elon Musk sold nearly $8.5 billion in Tesla stock. Musk showed an early […]
With inflation, gold notes and cards find their way into America’s wallet
With inflation running at its highest levels in four decades, Utah business owner Steve Allred is concerned about the declining purchasing power of the U.S. dollar.
Cryptoverse: Ether prepares for epic ‘merge’ in quest to eclipse bitcoin
Ether has promised to do better. It has promised to go to the next level, edging out crypto rivals and even outshining the godfather, bitcoin. But the clock’s ticking.
