Reuters

Norway's Adevinta ASA (OTC: ADEVF) secured final regulatory approval from the Austrian competition watchdog to acquire U.S. e-commerce group eBay Inc's (NASDAQ: EBAY) Classifieds Group Reuters reported. In July 2020, Adevinta agreed to acquire Classifieds Group for...

A bilateral group of U.S. senators proposed a 25% tax credit for semiconductor manufacturing investments, Reuters reported. Last week, the Senate approved $52 billion for production and research on semiconductors and telecommunications equipment. The approval included $2 billion...

The World Bank will not help El Salvador implement a transition to Bitcoin (CRYPTO: BTC) after the country moved to adopt the cryptocurrency as legal tender. What Happened: According to a report from Reuters, the organization cited environmental and transparency issues with Bitcoin as the...

NVIDIA Corp (NASDAQ: NVDA) CEO Jensen Huang aims to dedicate a minimum of $100 million to U.K. Cambridge-1 supercomputer, Reuters reports. Earlier in October, Nvidia planned to incur about $51.7 million on the project. “Cambridge-1, that supercomputing center is, call it...

Geely Automobile Holdings Ltd’s (OTC: GELYF) (OTC: GELYY) Volvo Cars will stop production at its Belgian plant in Ghent next week due to the global semiconductor chip crisis, Reuters reports. The chip shortage has hit automakers globally as the carmakers compete...

Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) bagged 5G core equipment supply contracts from Vodafone Group PLC (NASDAQ: VOD) for its U.K. standalone network and 5G core network in Germany. The contract size and amount remain undisclosed. Ericsson was an existing Vodafone...

DISH Network Corp (NASDAQ: DISH) will collaborate with Dell Technologies Inc (NYSE: DELL) for critical parts of the new 5G network building in the U.S., Reuters reports. Dell will provide DISH with computer servers positioned at the cell tower bottom or nearby to crunch data to...

Nearly no UK independent financial advisers (IFAs) would recommend investing in cryptocurrencies or so-called "meme stocks." What Happened: According to a Wednesday Reuters report, while 95% of UK IFAs would never recommend investing in meme stocks, only 93% would never advise investing...

Lyft Inc’s (NASDAQ: LYFT) gradually increase in U.S. drivers has led to reduced customer waiting time and a modest decrease in surcharge pricing, Reuters reported. The platform’s active drivers rose 10% since May beginning. The company activated thousands of new...

Johnson & Johnson (NYSE: JNJ) will miss its COVID-19 vaccine supply target to the European Union for the second quarter after millions of doses were found unfit for use, Reuters reported citing the E.U. Commission spokesman. The EMA last week said JNJ doses sent to Europe from a...

A U.S. hospital on Wednesday will give the first infusion of Biogen Inc's (NASDAQ: BIIB) expensive, controversial Alzheimer's drug approved a week ago. Medicare had even said what it would pay for the treatment, but some doctors were upset by its approval last week. The...

General Motors Co (NYSE: GM) will boost spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its previous forecast under a new plan, Reuters reported on Tuesday citing sources. What Happened: The No.1 U.S. automaker by volume will build two additional U.S....

Lyft Inc (NASDAQ: LYFT) will launch an electric vehicle (EV) rental pilot program by 2021 fall for ride-hail drivers in San Mateo County, south of San Francisco, in collaboration with a local utility Reuters reports. It initially aims to offer 100 EVs for the Lyft platform. San Mateo...

The U.S. Supreme Court gave Microsoft Corp's (NASDAQ: MSFT) LinkedIn another opportunity to prevent hiQ Labs Inc from collecting personal data from the professional networking platform's public profiles that allegedly threatened user privacy, Reuters reported....

Twitter Inc's (NYSE: TWTR) indefinite suspension in Nigeria on June 4 has affected multiple small and medium-sized businesses across Africa's most populous and largest economy, Reuters reports. A Lagos-based entrepreneur sold over 500,000-naira ($1,219) worth of...