Chairman of Adani Group, Gautam Adani The share of Adani Enterprises, which was at Rs 3436.35 on January 23, fell to Rs 1017.45 by February 27 following the release of the Hindenburg report against the Adani group on January 24. In about one month, the company’s share fell by over 70 percent; however, it then … Read more
Cathie Wood’s ARK Invest bought 4.3 million shares of ProShares Bitcoin Strategy ETF, which is popularly known as ‘BITO’ and tracks the price of futures tied to the world’s largest cryptocurrency, a trading note showed on Thursday. Based on the fund’s closing price on Wednesday, ARK’s stake is worth roughly $92 million, according to Reuters’ … Read more
The sudden death of Tang Xiao’ou, a key figure behind China’s facial recognition technology and a cofounder of SenseTime Group, is the latest challenge to face the US-sanctioned artificial intelligence (AI) giant, with its shares losing 11 per cent in Hong Kong on Monday. Shares of SenseTime, once held up as a model of China’s … Read more
The House of Commons special committee studying Canada-China relations is urging the federal government to introduce new measures to prevent Canadian pension funds from investing in Chinese companies implicated in human rights abuses, corruption or threats to national security. The committee’s report, tabled in the House of Commons this week, calls on Ottawa to, in partnership with … Read more
Hasbro said on Monday it would cut another 900 jobs globally, nearly a year after the toymaker announced it would reduce 15 per cent of its workforce amid weaker sales. Hasbro had said in January it would cut about 1,000 full-time positions. On Monday, the company said it had already cut 800 jobs. Hasbro had employed … Read more
Nancy Paine’s short-term rental business is dead in the water. As co-founder and CEO of Victoria-based Superhost, Paine said she had been at the forefront of the Airbnb revolution for seven years, acting as a “liaison” for homeowners needing help with the logistics of running a listing on the accommodation site. At the peak of … Read more
