The biggest initial public offering (IPO) of 2020 in eth United States saw the share prices of Airbnb Inc more than double in their stock market debut on Thursday which pushed the market value of the home rental company at just over $100 billion.   Airbnb’s IPO also epitomised a year at the...

Hyundai Motor Group said on Friday that it will be purchasing an 80 per cent stake in robot maker Boston Dynamics from SoftBank Group Corp   In the deal, the robot company was valued at $1.1 billion, Hyundai said, which indicates that the South Korean auto company has offered $880 million...

Europe's largest tour operator Tui has published its accounts for fiscal 2020 (ended 30 September). Due to the COVID-19 pandemic, the company's losses for the reporting period reached €3 bln. At the same time, the company's managers noted that Tui does not expect bookings to return to normal levels...

It will be “irresistible” to fly again, believes the newly appointed CEO of Virgin Australia, with the airline targeting to regain market share under the new ownership.   The company is placed in a good position to take over one third of the domestic market, Jayne Hrdlicka said in a...

The market for batteries and the electric vehicles is set to bloom. In a technology conference, J.B. Straubel, co-founder of Tesla, expressed his wish of turning “Redwood Materials”, a start-up under his initiative, into the “top battery recycling company” in the world, while securing a place among...

The American company General Electric (GE) will pay a $200 million fine for withholding important information about its financial activities from investors. This was reported on Wednesday on the website of the Federal Securities and Exchange Commission. "The SEC today announced that General...

Within the next decade, the annual sale revenues of the company is expected to grow by more than 50 per cent to reach 5 trillion yen ($48.01 billion) because of the number of type of drugs it currently has in its pipeline, said Japan's Takeda Pharmaceutical on Wednesday.   After the...

The economic shock of the novel coronavirus pandemic outbreak has been mostly overcome by European tech startup investment, according to venture capital firm Atomico, which also forecast that the sector was set to see record investments in the current year.   In September, a monthly record...

A business unit that was once hailed by Uber’s founder as critical to the future of the ride hailing company, the driverless car subsidiary of the company is being sold by it to start-up Aurora Technologies, effectively also potentially abandoning its ambitions in the area of driverless vehicle...