Electric commercial truck maker Nikola Corp of Phoenix, Arizona, tried unsuccessfully to raise US$1 billion in the private markets and only turned to a merger with a so-called blank-check company to go public as a way to raise the needed funds, its chief financial officer said.
TOKYO: Most of the fuel left on a Japanese bulk carrier that has leaked an estimated 1,000 tonnes of oil off the Mauritius coast has been pumped off, ship owner Nagashiki Shipping said on Wednesday (Aug 12). Mauritian Prime Minister Pravind Jugnauth said on Tuesday that the MV Wakashio...
U.S. stock index futures rose on Wednesday following a pullback on Wall Street in the previous session, as resilient fuel demand drove up oil prices, while investors remained on edge due to a stalemate over the next coronavirus federal aid bill.
Stock investor Zhu Haifeng halved his once-cherished holdings in Chinese tech giants Tencent and Alibaba after the United States announced on Friday sanctions against some Chinese firms in the latest escalation between the world's two top economies.
Shares of Next Digital Ltd tumbled over 40per cent on Wednesday after soaring more than 1,000per cent in the last two sessions, as the securities watchdog said it was monitoring trading activity in the Hong Kong media group.
Chinese gaming and social media giant Tencent Holdings Ltd said second-quarter net profit rose 37per cent, beating market estimates, on higher demand for its video games as coronavirus-related lockdowns kept people indoors.
Trade negotiators from the United States and China will discuss the implementation of the phase one trade deal in the coming days, with China likely to bring up issues surrounding TikTok and WeChat, Bloomberg News reported on Wednesday, citing sources.
Smartphone shipments in China plunged 35per cent in July compared with a year earlier, government data released on Tuesday shows.
SINGAPORE: Singapore state investment firm Temasek has joined hands with the impact investment arm of German pharmaceutical and chemical maker Bayer to form a company that aims to develop new varieties of vegetable seeds better suited for indoor vertical farms. The new company, Unfold, will be ...
LONDON: Britain's economy shrank by a record 20.4 per cent between April and June when the coronavirus lockdown was tightest, official figures published on Wednesday (Aug 12) showed. It was the largest contraction reported by any major economy so far, and a wave of job losses is set to hit...
