Exclusive: Grab to cut more costs amid economic chill
Grab Holdings Southeast Asia’s biggest ride-hailing and food delivery firm, is cutting more costs to cope with an uncertain economic backdrop, the Singapore-based company’s CEO told staff in a memo.
Cryptoverse: Crypto lenders face a DeFi drubbing
Crypto lenders have boomed over the past two years, attracting tens of billions of dollars in bitcoin, ether and other coins which they in turn lent out or invested, often in decentralized finance (DeFi) projects with sky-high returns.
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.
Airbnb to shut domestic business in China from July 30
Vacation rental firm Airbnb Inc (ABNB.O) said on Tuesday it will shut down all listings and experiences in mainland China from July 30, joining a long list of Western internet platforms that have opted out of the China market.
Cryptoverse: The young HODLers keeping bitcoin on an even keel
Bitcoin’s been known to freak out when Elon Musk tweets a broken-heart emoji. So why isn’t it flying off the handle as we seem to stand on the precipice of World War 3?
LIC’s looming IPO weighs on India insurer shares, investors say
Next month’s mammoth stock market debut for India’s Life Insurance Corporation (LIC) has battered shares in other insurers as investors trim their holdings to make room for the state-owned giant, fund managers and analysts said.
Meme stock hangover: a year after GameStop, traders face gloomier markets
The mood has shifted dramatically a year since a spectacular rally in shares of GameStop (GME.N) captivated Wall Street, launching a mania for so-called meme stocks and putting the spotlight on retail investors as a force to be reckoned with in markets.
