Israeli-American businessman Adam Neumann recently made headlines by submitting a preliminary offer to buy WeWork out of bankruptcy for over $500 million, five years after being removed from the company he founded. However, there are concerns about the financing and support needed from creditors to finalize the deal. Neumann faces challenges due to his turbulent…
China, the U.S., and the Chinese Communist Party are at the center of discussions about foreign Business in China. A recent Commerce Ministry meeting shed light on challenges faced by international companies operating in the country. Although progress on the 24 measures to support foreign businesses has been slow, there is a genuine desire to…
Honor Unveils Smartphone Eye-Tracking Technology for Car Control Chinese firm Honor showcased groundbreaking technology at the Mobile World Congress in Barcelona, Spain that allows users to control a car using only their eyes. The company’s Magic 6 Pro device, launched at the event, features eye-tracking technology powered by selfie cameras and artificial intelligence. By tracking…
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The highly anticipated trial against FTX founder Sam Bankman-Fried has come to an unexpected conclusion. After a month of testimony, prosecutors have announced that they will not pursue a second trial against the disgraced entrepreneur. This decision comes after a jury found Bankman-Fried guilty of all seven criminal counts against him in his first trial….
Stocks finished little changed to close the second to last trading day of 2023 with the S&P 500 adding 0.04% to finish at 4,783.35, getting closer to its highest closing level set in January 2022. The Dow Jones Industrial Average rose 53.58 points, or 0.14%, to end at 37,710.10 and notch a fresh record closing…
20 minutes ago, Tuesday’s session saw the S&P 500 inching closer to a new closing high, with the index trading around the 4,780 level, just 0.35% away from its highest level seen in January 2022. There was a broad rally among member stocks, with all 11 sectors of the benchmark index trading higher in the…
