Americas
Headlines
Apple's China Market Share Drops
Apple has experienced a notable decline in its market position within China's highly competitive smartphone sector, losing its leadership to local rivals Huawei and Vivo. As of 2024, Apple's market share has dropped to 15%, down from previous years, marking a significant shift in the tech landscape of one of its most crucial markets. According to recent...
Bank Of America Revenue Exceeding Expectations
Bank of America reported strong second-quarter results, with revenue and profit exceeding expectations, driven by growth in investment banking and asset management fees. The bank's earnings per share reached 83 cents, surpassing the LSEG estimate of 80 cents, while revenue climbed to $25.54 billion, beating the projected $25.22 billion. Despite a 6.9%...
Crystal Ball Not Required
Company directors owe several fiduciary duties, one of which is to act in the best interest of shareholders. But to what extent does that duty to shareholders apply in the context of the financial health of the company? The award-winning commercial and litigation lawyers at ParrisWhittaker are experienced in advising company directors on their duties,...
Home to Portugal's "mountain of stars".
Home to Portugal's "mountain of stars" and some of Europe's least light-polluted skies, the Alentejo region is best seen at night.A long twisting road leads up Portugal's highest mountain, and here, unlike many other European summits, visitors can drive right to the top. The peak rises 1,993m above sea level, and although its actual name is Torre (tower),...
A blooming future for New York’s community gardens
TUCKED AWAY in an unassuming corner of north Brooklyn is a 3,000-square-foot patch of open space. Keap Fourth, at the intersection of Keap and South 4th Streets, is a community garden established in 2013. It’s a well-known hub in this largely Dominican and Puerto Rican neighbourhood, perched at the edge of trendy Williamsburg. The sun is out, and...
Finance
US Stocks Plummet Amid Recession Fears
US stocks experienced a significant decline on Monday, with the S&P 500 trading 2.5% lower and the Nasdaq Composite falling into correction territory, down more than 10% from its record high on July 10. The selloff was driven by fears of a potential recession in the world's largest economy, as investors reacted to disappointing employment data and concerns...
Why Coinbase's Trading Debut Is a Cryptocurrency Coming-Out Party
#styln-signup .styln-signup-wrapper { max-width: calc(100% - 40px); width: 600px; margin: 20px auto; padding-bottom: 20px; border-bottom: 1px solid #e2e2e2; } SAN FRANCISCO — Digital currency, once mocked as a tool for criminals and reckless speculators, is sliding into the mainstream.Traditional banks are helping investors...
How to Use Technology to Prepare for Travel During the Coronavirus Pandemic
Even as vaccines make it safer to travel, planning a trip is becoming increasingly complicated.With coronavirus vaccines now readily available, you might have ambitions to venture far from home. Government officials, after all, say traveling is a low-risk activity for the inoculated.But the sheer amount of preparation needed to travel during the pandemic...
With Earnings Soaring, Wall Street Banks See Economic Boom Ahead
The banks said they released large chunks of money that had been set aside to cushion themselves from losses caused by the pandemic. #styln-signup .styln-signup-wrapper { max-width: calc(100% - 40px); width: 600px; margin: 20px auto; padding-bottom: 20px; border-bottom: 1px solid #e2e2e2; } The mood on Wall Street is decidedly...
The Biden Administration Is Quietly Keeping Tabs on Inflation
A monthslong effort to monitor and model economic trends inside the White House and the Treasury Department found little risk of prices spiraling upward faster than the Fed can manage.WASHINGTON — Even before President Biden took office, some of his closest aides were focused on a question that risked derailing his economic agenda: Would his plans...
Legal
Supreme Court Narrows Availability of United States Discovery for International Arbitration
A unanimous Supreme Court on June 13 determined that 28 U.S.C. §1782 (“Section 1782”) does not permit United States courts to order discovery for foreign or international “private adjudicatory bodies”. ZF Auto. US, Inc. v. Luxshare, Ltd., No. 21-401, 2022 WL 2111355, *3 (2022)(“ZF Automotive Decision”). Rather, the Supreme...
In brief: Meet the 4 Asian startups selected for VISA’s accelerator programme
Brankas, Curlec among the 4 Asian startups selected for VISA programme The story: Visa has picked four Asian startups which, over the next four to six months, will focus on creating defined commercial opportunities to collaborate on new payment solutions with Visa and its extensive network of bank and merchant partners The startups are: Brankas (Singapore)...
Play Ventures closes US$135M fund targeting gaming startups
Play Ventures, a Singapore-based VC firm focused on funding gaming startups, has announced it has hit the final close of its second fund at US$135 million. This brings the firm’s total assets under management (AuM) to US$175 million. Launched in 2018, Play Ventures portfolio consists of 24 early-stage gaming startups across over 10 different countries....
Hyperganic brings 3D printing software to Singapore after US$7.8M funding
Hyperganic, a German company developing software that generates 3D printings, is expanding into Singapore. This comes off the back of its US$7.8 million funding round co-led by German funds HV Capital and VSquared Ventures. As per a press note, Hyperganic will use Singapore as a key pillar of its development strategy. The company shared this […] The...
SEED Ventures’s new fund can pay interest-free loan of up to US$38K to startups ‘within 5 days’
Singapore-based VC fund management company SEED Ventures has announced the launch of a new sector-agnostic venture debt fund. Christened ‘Venture Debt Fund 1’ (VDF1), it plans to provide an interest-free loan of US$15,000-US$37,500 to 30 seed-stage ASEAN startups by the end of 2021. What makes the fund unique is that it is able to dispense...
Deals
Composites and Fuel Containment Division Sold
Parker Hannifin Corporation, a prominent player in motion and control technologies, has announced a significant strategic move by agreeing to sell its North America Composites and Fuel Containment (CFC) Division to SK Capital Partners, a private investment firm. This decision, made public on July 29, 2024, is part of Parker's broader strategy to streamline...
Avista’s UBC prepares for sale, WindRose recaps Veristat, Toshiba confirms CVC’s buyout proposal
Avista-backed United BioSource preps for sale and WindRose recaps Veristat.Read More
TA Associates sells Exeter to EQT for $1.87bn
TA Associates has sold Exeter Property Group, a real estate investment management firm, to EQT.Read More
Wavecrest and Abry invest in Pole Star
Wavecrest Growth Partners and Abry Partners have made a "significant" investment in Pole Star, a provider of cloud-based compliance software solutions to the maritime sector.Read More
PE-backed Len The Plumber buys Neffsville
Len The Plumber, which is backed by Thompson Street Capital Partners, has acquired Lancaster, Pennsylvania-based Neffsville, a residential plumbing and HVAC company.Read More
Acq Lite
There’s Still Time to Commit to Your 2021 Health & Fitness Plan
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How I Moved from Counting Calories to Supercharging My Workouts and Massively Improve My Fitness…
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How I Gamified My Own Brain to Lose Weight & Improve Fitness
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The Quick Email I Sent to People Who Asked For All the Details
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What I Ate on My Weight Loss Journey of 2020
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