Elon Musk filed a motion on Friday opposing Twitter Inc’s request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk’s lawyers, in papers filed with the Delaware Chancery Court, said Twitter’s “unjustifiable request” to rush the merger case to trial […]
Business
WASHINGTON: The US telecoms regulator needs an additional US$3 billion dollars to fund the removal from US networks of equipment made by Chinese telecoms giants Huawei and ZTE, bringing the total cost to US$4.9 billion, the agency told Congress on Friday. “To fund all reasonable and supported cost estimates …, […]
SINGAPORE: People’s Park Centre in Chinatown has been put up for collective sale at a reserve price of S$1.8 billion, real estate agency ERA Realty Network said on Wednesday (Jul 6). The asking price is higher than the S$1.35 billion that was asked for during an earlier en bloc attempt […]
TOKYO : Apple Inc has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation. The Cupertino, California-based manufacturer’s entry level iPhone 13 now costs 117,800 yen ($870), Apple’s website showed, compared to 99,800 yen previously. […]
TOKYO : The dollar was little changed against major peers on Friday, but was on track for its best week in four as investors weighed the boost from tighter Federal Reserve policy and the risks of a U.S. recession. The dollar index, which measures the currency against six counterparts, inched […]
LONDON : UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had raised $25 million to fund expansion, primarily in the United States. The Series B funding round brings Circulor’s fundraising over the last two years to […]
HONG KONG : Hong Kong private home prices eased in May after a short-lived bounce, latest official data showed on Tuesday, as potential homebuyers turned wary over higher borrowing costs. Home prices last month slipped 0.3 per cent from a month earlier, according to official data, compared with a revised […]
LONDON: Britain’s railway system once again came to a virtual standstill on Saturday (Jun 25) and flights in Europe were disrupted as strikes in the travel sector hit the continent. Tens of thousands of rail workers in the UK staged the latest day-long walkout over pay and job security, hampering […]
Global equity funds obtained capital inflows in the week ended June 22, following a heavy selling in the previous week, as a slide in commodity prices slightly assuaged investor fears over rapid inflation. According to Refinitiv Lipper, investors secured global equity funds of $7.51 billion in net purchases. That compares […]
A Tesla Inc shareholder sued the electric car maker, Chief Executive Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and engendering a “toxic workplace culture.” Thursday’s lawsuit is the latest against Tesla, which has been accused of racial discrimination and sexual […]