US fintech start-up Acorns has announced that it will go public via a merger with a specialist target mergers and acquisitions (SPAC) company. Acorns has already reached an agreement with SPAC Pioneer Merger Corp. for $2.2 billion. The deal is expected to close in the second half of the year, after...

Washington Attorney General Karl Racine has announced the filing of an antitrust lawsuit against Amazon Corporation. He said the company's policies were driving up prices for consumers, CNBC reported. The grounds for the lawsuit were price agreements, which, according to the plaintiffs, prevent the...

UK retailer Marks & Spencer (M&S) reported its fiscal year 2020/21, which ended in early April. It posted a loss of £201.2m ($285.1m) for the period, compared with a profit of £27.4m a year earlier. Revenue for the year as a whole fell 11.9% to £9.2 billion ($13 billion), with revenue from the...

The world’s largest retailer Amazon is facing a court case filed by Washington DC over charges that the company regularly misuses its powerful market position in the retailing industry.   Consumers in the United States have to face higher prices because of the control of amazon on about 70...

If the 777x jets made by the United States based airplane maker Boeing were unable to meet the contractual performance commitments, Emirate airlines would not hesitate to refuse delivery of the planes. This warning was issued by the chief of the Emirates airline which is one of the largest...

An agreement has been struck between AstraZeneca Plc and Nipro Corp for supplying of the Covid-19 vaccine developed by the British-Swedish company in partnership with the University of Oxford in Japan, the Japanese firm said on Wednesday.   The contract between the two companies was related...

An annual North American survey released on Monday showed that the United States auto making company General Motors Co had strengthened its relations with its suppliers throughout last year even in the wake of a severe impact of the Covid-19 pandemic as well as the semiconductor chip shortage...

Following the announcement by Chinese authorities about a crackdown on bitcoin mining and trading, crypto currency miners have halted their China operations. The crypto currency mining firms include HashCow and BTC.TOP. This decision hit the value of the digital currencies in the backdrop of...

With the easing of pandemic restrictions and with the stimulus checks from the United States government ending, major banks in the US are getting ready to see an uptick in credit-card balances again this year which now puts the banking industry for a surge in one of its most profitable businesses....