Google’s custodian company, Alphabet Inc., exceeded on Monday its previous cap by hitting a $2 trillion market value, closing the trading day at $2,987 per share., according to Nasdaq. The Big Tech conglomerate surpassed last year’s market valuation by doubling its $1 trillion since January 2020. Now, in its third quarter (Q3), the tech behemoth […]
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The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop early this year, driving its price to heights that shocked professional investors. But it didn’t break. That’s one of the takeaways from a report by the Securities and Exchange Commission’s staff released Monday about January’s “meme-stock” mania. As […]
VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced on October 12, that its mobile operator in Russia, Beeline, has signed an agreement with Sechenov University to create an Artificial Intelligence (AI) Laboratory for research and development into new technology solutions for healthcare, aiming to simplify and accelerate high-precision diagnostic. The new AI Laboratory will see data scientists and doctors collaborate on research and development of predictive medicine solutions in traumatology and oncology. Over 120 professionals from Beeline and Sechenov […]
Chinese computer manufacturer Lenovo Group suffered a 17 percent drop in stock value on Monday, following the company’s move to extract its application of a $2.1 billion listing in Hong Kong trading. The Hong Kong-based manufacturer announced the withdrawal news days after the application was accepted by the Shanghai Star Market. The company’s shares plunged […]
American electric vehicle maker, Rivian, has officially filed its initial public offering (IPO) Friday on Nasdaq, following a confidential filing to the Securities and Exchange Commission (SEC) earlier on in August. The EV company, which is vouched for by Ford and Amazon, wrote in the filing that they have not generated substantial revenues due to being stuck […]
Dutch semiconductor equipment manufacturer ASML could witness an astonishing rise in share value as the U.S. rigidifies its grip on Chinese manufacturing, leading to one of the company’s highest production and valuation by 2030, fulfilled by directing Europe’s semiconductor demand. Since its emergence in the semiconductor manufacturing scene, ASML has globally played a massive and […]
VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced on September 15, that its operating company in Uzbekistan, Beeline, has received three awards from Ookla Speedtest for the quality, speed and breadth of its mobile network in the country. Beeline Uzbekistan won awards in the three categories of Best Mobile Network, Fastest Mobile Network and […]
Amidst Beijing’s latest regulatory wave to impose dominion on its tech sector, China’s Big Tech shares drastically dropped on Monday as the country’s watchdogs intend to break down Ant Group Co.’s Alipay, at a speed the U.S. and the European Union cannot fathom or dare to indulge in. Following a Financial Times report stating that Beijing is […]
Amsterdam, 6 September 2021 – VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced that it has reached agreement to sell its mobile network towers in Russia to Service-Telecom for a totalconsideration of $970million. Service-Telecom is a well-known partner to PJSCVimpelCom, which operates in Russia under the Beeline […]
Saudi Arabia’s sovereign wealth fund proposed a non-binding offer to acquire a 60 percent stake in Kuwaiti-backed Zain’s KSA towers with various investors offering to buy another 20 percent, leaving the telco’s assets with an $807 million valuation, according to Zain KSA. The Public Investment Fund (PIF) offered a whopping $484 million for 60 percent […]