Shares of social media platform Reddit jumped 11% on Tuesday, set to extend a strong run from a day earlier following the launch of options on the stock.
Britain on Tuesday summoned the chargé d’affaires of the Chinese Embassy in London after accusing Chinese state-backed hackers of stealing data from Britain’s elections watchdog and carrying out a surveillance operation against parliamentarians.
Arista Networks founder and former chairman Andreas Bechtolsheim agreed to pay a civil penalty of nearly $1 million to settle insider trading charges, the U.S. Securities and Exchange Commission said on Tuesday.
Alibaba said on Tuesday it would shelve plans to list its logistics arm, the latest twist in the Chinese e-commerce giant’s restructuring efforts since embarking on the biggest shake-up in its history a year ago.
Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business in Hong Kong.
Latin American e-commerce giant MercadoLibre said on Tuesday it plans to invest a record 23 billion reais ($4.6 billion) in 2024 in Brazil, its main market, a 21.1% increase from 2023.
Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part of a restructuring that will hit some 2,000 jobs, the company said on Tuesday.
European Union countries’ budget cuts have eaten into layers of government that need now to be reinforced given their vital role in the transition to a more green and digital economy, a senior EU official said.
Chinese autonomous driving software maker Horizon Robotics has filed for a listing on the Hong Kong Stock Exchange without disclosing any details about share issuance and value of the offering, the exchange’s website showed on Tuesday.
A U.S. lawmaker involved in health policy has asked the Food and Drug Administration why it did not inspect Elon Musk’s Neuralink before allowing the brain implant company to test its device in humans.
