Business

Airbnb heads to Wall Street with hefty $47 bn valuation

Home-sharing giant Airbnb was set for its Wall Street debut Thursday with a whopping $47 billion valuation amid a feverish rush for new shares in companies adapting to lifestyle changes imposed by the coronavirus pandemic.

Business

JD.com health arm rockets 75% on Hong Kong debut

The medical arm of Chinese e-commerce giant JD.com soared 75 percent on its debut in Hong Kongon Tuesday, valuing the company at $50 billion, as investors bank on the pandemic boom in digital health services.

US probe finds no 'misconduct' in Kodak loan: report

A US watchdog report has found no "evidence of misconduct" in the processing of a government loan to Kodak that was subsequently suspended pending investigations into the deal, the Wall Street Journal reported Sunday.

Business

German MPs grill ex-Wirecard boss over massive fraud

Markus Braun, the former chief executive of disgraced payments giant Wirecard, faced a public grilling by German lawmakers Thursday over the massive accounting fraud that brought down his firm.

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