A “validating moment” for Bitcoin — that’s how some have described its fresh all-time high, fueled by the successful launch of an inaugural U.S. exchange-traded fund (ETF) for the cryptocurrency.
SoftBank in Talks to Sell French Robotics Business
SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to Germany’s United Robotics Group, according to sources and documents reviewed by Reuters, scaling back a business it once touted as a major growth driver.
India Administers One Billion Covid Vaccine Doses
India has administered more than 1 billion doses of Covid vaccine doses since starting its ambitious vaccination program in January. Government data showed 708 million people, or around 75% of the eligible population, received at least one dose of vaccine while 30% are now fully inoculated against the disease.
Bitcoin Marks All-Time High of Over $67,000
Bitcoin value surged to its highest-ever mark just a day after the first Bitcoin futures exchange-traded fund (ETF) was launched at the New York Stock Exchange. On Thursday, October 21, the world’s most-valued cryptocurrency opened trading at $67,139 (roughly Rs. 50,25,433) with a marginal gain of less than one percent.
Alibaba Shares Surge 7% After Jack Ma Appears in Europe
Hong Kong’s Alibaba shares rallied as much as 9% on Wednesday following reports that its founder Jack Ma traveled to Europe and after the release of a new chip. The stock pared some of those gains and was just under 7% higher in afternoon trade.
Amazon is Offering $4,000 Bonuses to Lure UK Workers
Labor shortages are forcing British businesses to hike wages to compete for workers, with Amazon offering joining bonuses of up to £3,000 ($4,140) in the run up to the festive period. The e-commerce giant is currently advertising a number of positions around the U.K. that come with hefty cash bonuses.
Xiaomi Shares Jump 5% on News it will Produce Electric Cars
Xiaomi shares in Hong Kong jumped over 5% on Tuesday. Chinese smartphone Xiaomi is expecting to mass produce its own electric vehicles in the first half of 2024, its CEO Lei Jun said on Tuesday. The comments were made during the company’s investor day and confirmed later in a post by the CEO on China’s Twitter-like service Weibo.