US Tech giant shares barely react to G7 Tax deal
Shares in U.S. technology giants barely reacted to a landmark global minimum corporate tax deal agreed between the world’s richest nations. The analysts on the other hand says that it will take the backing of low-tax nations to have any meaningful impact on the company’s bottom lines. The Group of Seven (G7) advanced economies agreed […]
Mark Cuban-Backed banking app Dave to go public in $4 BLN Spac merger
Billionaire Mark Cuban-backed Dave said it would go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital, valuing the banking app at $4 billion. Dave is an app launched in 2017. It is used to help Americans avoid billions of dollars in overdraft fees charged by traditional banks. It […]
Apple adds virtual IDs on iPhone, video plans that rival Zoom, Teams
Apple Inc, facing accusations from rivals that it has too much control over its App Store. They outlined plans to increase user privacy and keep consumer data out of other company’s hands, laying out features including expanded video conferencing and storing virtual government IDs on iPhones. In Apple’s annual Worldwide Developers Conference for software developers, the […]
Nvidia asks Chinese regulators to approve $40 Billion Arm Deal
Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion takeover of UK chip designer Arm, the Financial Times reported, citing people familiar with the matter. In the recent week only, the applications were made. According to Chinese antitrust lawyers, this has set in motion a period of scrutiny that could […]