Nikola shares fall by 27% as GM renounces equity stake in the startup

Nikola shares fall by 27% as GM renounces equity stake in the startup

Published: Just now By Hrishikesh Kadam

Shares of electric truck startup Nikola dropped during trading on Monday following General Motors’ announcement of renouncing an equity stake in the company. Apparently, both the companies ....

Super Nintendo World theme park in USJ set to open on Feb 2021

Universal Studios Japan, situated in Osaka, owned and run by USJ LLC, has reportedly announced a date of opening date for the highly anticipated Nintendo-based theme area. The Super Nintendo World would open on Feb. 4th, 2021, in Osaka city....

Netflix to start declaring its UK revenues amid political pressure

Netflix, the leading American OTT content platform and production company, has reportedly announced that it plans to disclose its actual UK income amidst the rising political pressure on the streamer as well as reports inspecting its low ta....

France, UK select Thales to commence the production phase of MMCM

The United Kingdom and France have recently marked the tenth anniversary of the Lancaster House treaties by entering into a joint agreement with Thales for beginning the production phase of MMCM for the purpose of delivering eight unmanned ....

Salesforce to purchase business communication s/w platform Slack

Cloud-based software major, Salesforce, has reportedly opened talks for the acquisition of American business communication software platform, Slack. A deal with regards to the same could be announced as early as the next week, state sources....

Credit Suisse to take $450M hit as York Hedge Fund winds down

Credit Suisse Group AG’s CEO Thomas Gottstein has had to deal with losses on bad loans to rich clients, poor trading performance, and reports on questionable deals the investment bank arranged for others. Now the Switzerland-based com....

China Mobile IoT chooses Nokia to provide IoT connectivity & services

China Mobile Communications Corporation subsidiary, CMIoT or China Mobile IoT, has reportedly selected Nokia for ensuring the provision of IoT connectivity and associated services to its clients across China and at the global level. As exp....