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LVMH gives Tiffany a makeover, promotes Arnault scion after US$16 billion deal

PARIS/NEW YORK :LVMH installed the son of company founder Bernard Arnault in a new leadership team at Tiffany on Thursday after the French luxury goods group concluded its US$15.8 billion acquisition of the U.S. jeweller.

Markets

Elon Musk leaves behind Amazon’s Bezos to become world’s richest person: Bloomberg News

Tesla chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc's top boss Jeff Bezos to become the world's richest man, Bloomberg News reported on Thursday (Jan 7).

Markets

SoFi nears deal to go public with SPAC backed by venture investor Palihapitiya: Report

Online lending startup Social Finance (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya, people familiar with the matter said on Thursday.

Markets

Exclusive: SoFi nears deal to go public with SPAC backed by venture investor Palihapitiya -sources

Online lending startup Social Finance Inc (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya, people familiar with the matter said on Thursday.

Markets

Facebook, Instagram to block Trump’s account for rest of his presidential term

Facebook Inc and Instagram will extend a ban on U.S. President Donald Trump's accounts for at least the next two weeks until the presidential transition is completed, Chief Executive Officer Mark Zuckerberg said.

Markets

Crypto market cap surges above US$1 trillion for first time

The total market value of all cryptocurrencies rose above US$1 trillion for the first time on Thursday as Bitcoin surged to a record high, according to data by crypto coin trackers CoinMarketCap and CoinGecko.

Markets

Exclusive: SoFi nears deal to go public with SPAC backed by venture capital investor Palihapitiya -sources

Online lending startup Social Finance Inc (SoFi) is nearing a deal to go public through a merger with Social Capital Hedosophia Holdings Corp V, a blank-check acquisition company led by venture capital investor Chamath Palihapitiya, people familiar with the matter said on Thursday.

Markets

Exclusive: Baidu plans smart EV company, to make cars at Geely plant – sources

China's Baidu Inc plans to form a company to make smart electric vehicles, two sources familiar with the matter said, with manufacturing to be carried out at plants owned by automaker Geely.

Markets

Mercedes wide screen display aims to outdo Tesla’s hallmark touchscreen

Daimler AG's on Thursday unveiled a new "Hyperscreen" display that will cover almost the entire dashboard of its luxury Mercedes-Benz models, in a bid to outdo Tesla Inc's large touchscreen infotainment system that has been a hallmark of the electric carmaker's success.

Markets

US unemployment claims slip to still-high 787,000

Markets

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