Business

PayPal quashes Pinterest acquisition rumors

Online payments giant PayPal has said it is not seeking to buy Pinterest, ending days of speculation that had prompted shares in the image-sharing site to soar.

Automotive

Volvo sets IPO for Oct 28, valuing it up to $23 bn

Swedish car brand Volvo said Monday it was planning its Stockholm stock exchange debut on October 28, targeting a market value of up to 200 billion kronor ($23.1 billion, 19.9 billion euros).

Business

'Unintentional gift': US steps into China's bitcoin breach

The long sheds at North America's largest bitcoin mine look endless in the Texas sun, packed with the type of machines that have helped the United States to become the new global hub for the digital currency.

Business

China orders ride-hailing firms to correct unfair tactics

Chinese regulators have ordered ride-hailing platforms to correct unfair market tactics amid a broad crackdown on the internet sector that has spooked investors and shaved billions off the valuations of some of China's biggest ...

Business

Apple's Tim Cook gets $750mn bonus payout

Apple chief executive Tim Cook has received a bonus of some $750 million, reflecting his performance at the US technology giant in his 10 years at the helm, a regulatory filing showed.

Business

China Telecom up nearly 20% in Shanghai debut

Shares in China Telecom surged nearly 20 percent in their Shanghai debut Friday after the world's biggest public offering of the year, coming after the company was delisted in the United States amid China-US tensions.

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