This story was originally published by the Guardian and is reproduced here as part of the Climate Desk collaboration. Joe Biden marked Monday’s Earth Day by announcing a $7 billion investment in solar energy projects nationwide, focusing on disadvantaged communities, and unveiling a week-long series of what the White House say will be “historic climate actions.” The president was […]
Microsoft plans to invest $1.5 billion in G42, an artificial intelligence firm in the United Arab Emirates, the New York Times reported on Tuesday. G42 had divested its investments in China and began the lengthy task of pulling out Chinese hardware amid U.S. concerns over its relationship with Chinese businesses. Under the partnership, G42 will use Microsoft's cloud services and accede to a security arrangement negotiated in detailed conversations with the U.S. government, the newspaper said....
Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said.To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around...
The US Federal Trade Commission sued to stop Tapestry Inc.'s $8.5 billion
The US Federal Trade Commission sued to stop Tapestry Inc.'s $8.5 billion
The US Federal Trade Commission sued to stop Tapestry Inc.'s $8.5 billion
The antitrust regulator says Tapestry’s purchase of Capri Holdings hurts competition among affordable luxury handbag sellers; Companies vow to defend merger.
The government should release at the soonest the P2.5 billion in fuel cash subsidy to public transport drivers to cushion the impact of high fuel prices, especially with the latest news about heightened tensions in Israel and Iran, a congressman said.
A lawsuit filed by Rep. Ronny Jackson of Texas and victims of terror attacks in Israel alleges that the Biden administration has unlawfully provided $1.5 billion in aid to organizations in Gaza and the West Bank that support Hamas and other terrorist groups. The lawsuit claims that President Joe Biden and Secretary of State Antony […]
The Federal Trade Commission is suing to block Tapestry's $8.5 billion acquisition of Capri Holdings, saying the deal would harm consumers by reducing competition and raising prices in the affordable luxury sector.Monday's federal court filing by the FTC challenges the proposed deal that would have one company controlling six fashion brands: Tapestry's Coach, Kate Spade and Stuart Weitzman and Capri's Michael Kors, Versace and Jimmy Choo.The acquisition could have a negative impact on the...
Microsoft said Tuesday that it will invest $1.5 billion in G42, a leading United Arab Emirates AI firm.
Microsoft is investing $1.5 billion in a technology firm based in the United Arab Emirates and overseen by the country’s powerful national security adviser. Microsoft and the technology holding company G42 announced the deal Tuesday. As part of the agreement, Microsoft's president, Brad Smith, will join G42's board of directors.