Chinese tech firms are quietly leaving Russia in the wake of major sanctions putting a financial strain on the European country, according to The Wall Street Journal. Citing the report, a number of major companies have begun curtailing shipments in Russia, where Chinese tech firms typically dominate the market for various products. Last month, consumer … Read more
Twitter Inc. is in the final stretch of negotiations about a $43 billion sale to Elon Musk that could rank as one of the biggest-ever leveraged buyouts of a listed company, people with knowledge of the matter said. The social media company is working to hammer out the terms of a transaction and could reach … Read more
Tempers flared between Saudi Arabia’s crown prince Mohammed bin Salman and U.S. national security adviser Jake Sullivan during a meeting last year when Sullivan mentioned the assassination of journalist Jamal Khashoggi. According to The Wall Street Journal, the argument occurred last September when the two met for the first time since President Joe Biden’s inauguration. … Read more
NEW YORK – Major US stock indices fell on Friday to end a tumultuous week of trading on a downbeat note, as markets searched for optimism amid a slew of concerning news. Chief among traders’ concerns was the Omicron variant of Covid-19 and general fears of renewed business disruptions from the pandemic as cases surge in the … Read more
Amazon is said to have arranged hundreds of deals with suppliers to buy stakes in their businesses at reduced prices. According to The Wall Street Journal, it has acquired warrants for at least a dozen publicly traded companies and more than 75 private companies. Amazon’s investments in those organizations, both current and potential, are worth … Read more
