text

Economic Watch: China's new foreign investment rule to boost stocks, bonds

China announced plans Thursday to scrap quota restrictions on two major inbound investment schemes and further streamline the procedures for foreign institutional investors, a step that will boost

text

Uber Eats’ new sharing feature makes it less painful to send your friends food

Uber Eats is introducing a new feature that lets customers send food to friends, family or coworkers and share details to make it easier track the deliveries.Uber Eats customers have been able to or

text

First Dollar raises $5 million for a consumer-friendly healthcare savings account

In the startup world, the more confusing the sector is, the riper the opportunity to make a friendly user interface and rack in millions of dollars of venture capital. There’s Robinhood to make invest

text

Daily Crunch: Apple upgrades the keyboard on the 13-inch MacBook Pro

Apple announces a new MacBook Pro, tech stocks take a dip and Uber Eats shuts down in seven markets.Here’s your Daily Crunch for May 4, 2020.1. The 13-inch MacBook Pro gets Apple’s much-improve

text

Quick return to action unlikely as top leagues face tough choices

Paris St Germain star Neymar in action during their clash with Lyon at Groupama Stadium, France, March 4, 2020. /VCG The odds of top football leagues being given approval to return to action i

text

Manufacturing startup Divergent 3D reduces staff by one-third

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations

text

China to expand opening-up in trust sector

The asset requirement of 1 billion U.S. dollars for overseas financial institutions to invest in Chinese trust companies will be lifted, according to the China Banking

text

Sony invests $400M in Chinese entertainment platform Bilibili

Sony said on Thursday that it is investing $400 million to secure a 4.98% stake in Chinese entertainment giant Bilibili.10-year old Bilibili started as an animation site, but has expanded to other ca

text

Kuwaiti investment company commits up to $100 million to Startup Battlefield alum Pure Harvest

Pure Harvest Smart Farms, a startup developing technology-enhanced greenhouses for agricultural developments across the Middle East, has received a commitment of up to $100 million from Wafra, Kuwait&

text

Flagship Pioneering raises $1.1 billion to spend on sustainability and health-focused biotech

Flagship Pioneering, the Boston-based biotech company incubator and holding company, said it has raised $1.1 billion for its Flagship Labs unit.Flagship, which raised $1 billion back in 2019 for growt

text

Roundup: COVID-19 batters Italy as lockdown deadline nears

The COVID-19 pandemic continued to claim victims in Italy as the deadline for the end of the government's national lockdown drew closer and experts warned it is too soon to lift restrictions. Earli

text

UK's COVID-19 measures 'a national scandal': The Lancet cover story

The UK's measures to contain the novel coronavirus outbreak have failed and the "scale of anger and frustration is unprecedented," according to the cover story on renowned medical journal The Lanc

text

Leafly lays off 91 employees with funding on pause

Cannabis giant Leafly cut 91 staffers this week in response to the coronavirus outbreak. The company said in a released statement that the workforce reduction allows the company to be financially sel

text

Amazon issues COVID-19 guidelines, as cases are reported in multiple US fulfillment centers

For many across the world, online retail services like Amazon have become a lifeline, as the COVID-19 pandemic forces self- and government-imposed isolation. Warehouse employees and gig workers have b

text

Oaktree Capital's Howard Marks sees opportunity to buy distressed debt

04:05 How do you stay rational and even look for opportunities while the market goes into meltdown? Howard Marks, the billionaire co-founder of Oaktree Capital, sees a golden opportuni

text

The COVID-19 blame game

Chinatown after the outbreak of the novel coronavirus, in Chicago, Illinois, U.S. January 30, 2020. /Reuters Editor's note:James Rae is a professor from California State University Sacramento.

text

The COVID-19 blame game

Chinatown after the outbreak of the novel coronavirus, in Chicago, Illinois, U.S. January 30, 2020. /Reuters Editor's note:James Rae is a professor from California State University Sacramento.