Category: Markets

myfisensemyfisenseOctober 20, 2021
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3min00
British digital bank Zopa has raised $300 million from investors including Japan’s SoftBank Group, it said on Tuesday, as the lender looks to expand its business ahead of a possible listing as soon as next year. The funding round values Zopa at around 750 million pounds ($1.03 billion), a source familiar with the details of […]

myfisensemyfisenseOctober 20, 2021
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3min00
According to Bloomberg, Netflix’s pre-recorded call to shareholders announcing its third-quarter results gives us another glimpse at how successful Squid Game was. Around 142 million households worldwide watched the Korean-language show about debt-ridden individuals playing a deadly game for a cash prize worth tens of millions of dollars. That makes it the most-viewed new show in Netflix history, […]

myfisensemyfisenseOctober 20, 2021
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3min00
Facebook is planning to rebrand the company with a new name to focus on building the metaverse, according to a report by The Verge.  CEO Mark Zuckerberg will unveil its new name at the annual Connect conference on October 28, but it could announce the new name earlier, as reported by The Verge. Facebook, which has […]

myfisensemyfisenseOctober 20, 2021
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Walmart Inc-backed robotics and automation company Symbotic is in talks to merge with a blank-check vehicle backed by SoftBank Group Corp in a deal that would value the combined firm at $4.5 billion, Sky News reported on Monday. An agreement with SVF Investment Corp 3 could be reached within weeks, the report said, citing an […]

myfisensemyfisenseOctober 20, 2021
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4min00
German airline Lufthansa (LHAG.DE) and British peer easyJet (EZJ.L) on Wednesday gained backing from Europe’s second top court for their acquisitions of insolvent German carrier Air Berlin’s assets four years ago. Lufthansa received the EU green light from the European Commission in 2017 to buy Air Berlin’s subsidiary LGW in return for giving up some slots at Duesseldorf airport. […]

myfisensemyfisenseOctober 19, 2021
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2min00
Brazilian banking and payments tech platform Pismo raised $108 million in an investment round led by Japan’s SoftBank Group Corp, Amazon.com Inc, and global venture capital firm Accel, it announced on Tuesday. According to Pismo, which was founded in 2016, it’s second funding round is aimed at fueling the company’s global expansion and accelerating the […]

myfisensemyfisenseOctober 19, 2021
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Toyota Motor is joining other major automakers in putting its money behind electrification, said on Monday it would invest $3.4 billion in battery development and production in the United States through the end of the decade. The investment, which comes through the Japanese automaker’s North American arm, includes plans for a new $1.3 billion electric […]

myfisensemyfisenseOctober 15, 2021
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After announcing a deal with Beyond Meat back in February, McDonald’s this morning announced that it is set to start selling plant-based Beyond Meat burgers in select locations next month. Starting November 3, the McPlant will be available at eight of the fast-food giant’s restaurants, including in Irving and Carrollton, Texas, Cedar Falls, Iowa, Jennings and Lake […]

myfisensemyfisenseOctober 14, 2021
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SoftBank Group Corp’s venture capital fund has invested $400 million in Vuori Inc, the California-based maker of leggings and sports bras said on Wednesday, valuing it at $4 billion. Vuori, founded in 2015, plans to expand its Western European and Asian markets next year and open more than 100 U.S. stores in the next five […]

myfisensemyfisenseOctober 14, 2021
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Private equity giant Carlyle Group and ARA Dunedin, a unit of Singapore’s ARA Asset Management, announced that their joint venture has acquired 11 logistics assets in the UK for £102 million (about $139 million). The JV, established in March 2021, purchased the portfolio of logistics assets from Moorfield Real Estate Fund IV, the fourth real […]

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