VW will spend 180 billion euros on new technologies.
Automaker to direct 68% of current investments to electric vehicles and software Volkswagen AG, the largest automaker in Europe, has increased its five-year investment plan to 180 billion euros ($193…
The closure of Signature Bank
The closure comes a few days after the collapse of SVB. As the crypto industry gets more and more walled off from the financial system, the closing of Signature Bank,…
Ethereum upgrade will allow withdrawals
A software update will allow users to withdraw delivered air The largest commercial backbone of cryptocurrencies, Ethereum, will receive a significant software update on April 12 that may increase its…
Asian financial stocks bounce back
Topix Banks jumped 4.6%, offsetting a 16% drop. In the Asia-Pacific region, shares of most banks increased as concerns about Silicon Valley Bank’s abrupt collapse and its wider effects subsided.…
Gold falls after the SVB crisis triggers a 5% gain.
Precious Metal Benefits Amid Banking Troubles As a result of a flight to safe-haven assets brought on by the failure of a significant US bank, gold dipped in Asia on…
The Biden administration will tighten chip exports.
The White House imposes new restrictions on the export of chips to China. To stop China from establishing a sophisticated chip sector, the Joe Biden administration is trying to further…
Central Bank of Singapore increased gold reserves.
biggest gold purchase since the 1960s In January, Singapore upped its gold holdings by approximately 30%, following central banks from Turkey to China in increasing their holdings of the precious…
Uber Considers Spinning Out Its Cargo Division
An IPO is a likely option. Uber Technologies Inc. is considering the options of either launching a separate public business to concentrate on passenger transportation and food delivery or spinning…
Rivian scraps its $1.3 billion green convertible plan.
The company is aiming to raise $1.3 billion. Rivian Automotive Inc. plans to sell green convertible bonds with a 2029 maturity date to raise $1.3 billion. According to a statement…
Meta cuts the price of its Quest headset by 33%.
Corporate consumer demand was weaker than expected. Because demand was lower than anticipated, Meta Platforms Inc. reduced prices on some of its Quest VR headsets, including a high-end mixed-reality device.…