
Gap investing $140 million for Texas warehouse as online sales surge
Feb 26, 2021 09:20 am UTC| Business
Gap is one of the few thriving businesses in the fashion industry today. Many companies have already closed down or reduced their shop outlets due to the negative effects of the COVID-19 pandemic, but the American clothing...

How Online Gambling Stocks Have Changed in 2021
Feb 26, 2021 09:19 am UTC| Business
The online gaming market is enormous and continually growing at a high rate. The industry has been a source of revenue for many countries, with nations reaping billions every year. The gaming sector is a...

Geely, Volvo junk merger plans but will collaborate on powertrains
Feb 26, 2021 08:57 am UTC| Business
Geely and Volvo were previously reported to merge, but this plan has been called off this week. The companies ditched the idea and will not be incorporating anymore. Then again, Geely and Volvo did not completely scrap...

Netflix investing $500 million to make South Korean content
Feb 26, 2021 08:55 am UTC| Business
Netflix has big plans for its streaming service in South Korea. The American content platform just announced its plans to spend $500 million for the production of South Korean projects this year. The proposal to finance...

Boeing slapped with $6.6 million fine by FAA due to safety and quality control oversights
Feb 26, 2021 07:39 am UTC| Business
Boeing was revealed to have been fined by the U.S. Federal Aviation Administration (FAA) this week. The aerospace company was slapped with a $6.6 million penalty due to issues with compliance and quality control. FAAs...

Merck to acquire Pandion Therapeutics for $1.85 billion in cash
Feb 26, 2021 07:07 am UTC| Business
Merck Co Inc is buying Pandion Therapeutics, the biotechnology company developing bispecific antibody therapeutics headquartered in Massachusetts. It was said that the pharmaceutical firm is shelling out a total of $1.85...

ByteDance assigns Jinri Toutiao's Zhu Wenjia as TikTok's R&D head in Singapore
Feb 26, 2021 06:42 am UTC| Business
ByteDance is hiring new executives as it slowly moves out of India that already shuts its doors for TikTok. The global internet technology firm headquartered in Beijing has now found a new home in Asia, so it is assigning...