Electric truck maker Lordstown Motors goes bankrupt and sues Foxconn

Lordstown Motors (RIDE.O), a U.S. electric truck manufacturer, has filed for bankruptcy protection and put itself up for sale after a dispute with Taiwan’s Foxconn over a promised investment. The…

NNR June 27, 2023

Wire

Apple to launch new iMacs, iPads, MacBooks and Apple Watch models in the next year

Apple is gearing up for a busy year ahead, with a range of new products and updates across its major product lines. According to a report from Bloomberg, the tech…

NNR June 26, 2023

Wire

Japan proposes $6.3bn acquisition of semiconductor material giant, JSR

TOKYO - In a move that highlights the global focus on critical chip technology, a fund backed by the Japanese government has unveiled a proposed $6.3 billion acquisition of JSR,…

NNR June 26, 2023

Wire

IBM to buy Apptio for $4.6 billion to boost its AI and IT automation software

IBM has announced that it will pay $4.6 billion in cash to acquire Apptio, a software company that helps customers optimize their IT spending and operations. The deal, which is…

NNR June 26, 2023

Wire

Argos Closes All 34 Irish Stores, Putting 580 Jobs at Risk

Argos, the popular retailer owned by the Sainsbury's Group, has announced the closure of all its 34 stores in Ireland by the end of today. This decision comes after the…

NNR June 24, 2023

Wire

Vice Media to be sold to creditors for $350 million in bankruptcy deal

Vice Media, the digital media company that once boasted a valuation of $5.7 billion, has agreed to be sold to three investment companies for $350 million in a bankruptcy deal.…

NNR June 23, 2023

Wire

Ripple gets green light to operate in Singapore amid US regulatory woes

Blockchain company Ripple has received in-principle regulatory approval to operate in Singapore, in a rare moment of good news for the cryptocurrency industry globally as it faces tightening policy back…

NNR June 22, 2023

Wire

Veon to invest $600 million in Ukraine’s Kyivstar amid war

Veon, a global telecoms company, said on Wednesday it would invest $600 million in the infrastructure of its Ukrainian subsidiary Kyivstar, the country’s largest mobile network, which has been damaged…

NNR June 21, 2023

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Intel to sell 20% stake in IMS Nanofabrication to Bain Capital for $860 million

Intel Corporation announced on Wednesday that it has agreed to sell an approximately 20% stake in its IMS Nanofabrication GmbH (IMS) business to Bain Capital Special Situations, in a transaction…

NNR June 21, 2023

Wire

YouTube to launch its first official shopping channel in South Korea

YouTube, the world’s largest online video platform, announced on Wednesday that it will launch its first official shopping channel for live commerce in South Korea on June 30, Yonhap news…

NNR June 21, 2023

Wire

Chinese electric car company, Nio gets $738.5 million investment from Abu Dhabi fund

ABU DHABI, UAE: Nio, a Chinese electric car company, announced Tuesday that it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The fund,…

NNR June 21, 2023

Wire

UK inflation remains high in May as consumer prices rise by 8.7%

The UK inflation rate remained high in May, as consumer prices rose by an annual 8.7%, unchanged from the previous month, according to the Office for National Statistics (ONS). On…

NNR June 21, 2023