Line Man Wongnai, an on-demand delivery app in Thailand, has started preparations for an initial public offering in Bangkok that could raise around $300 million, according to people with knowledge of the matter.
Alibaba Group Holding Ltd. said it will spin off Cainiao Smart Logistics Network Ltd., the logistics arm of its e-commerce empire, through an initial public offering in Hong Kong.
Apple Inc.’s services chief, set to testify in Washington Tuesday, plans to defend the lucrative deal that made Google’s search engine the default option on the iPhone, saying it was the best choice for consumers.
Elon Musk’s X was cited as the biggest outlet for peddlers of disinformation as the European Union urged Silicon Valley platforms to step up their vigilance to combat Russia’s “war of ideas.”
A selloff in bonds paused and the dollar steadied, while shares in Europe retreated for a fourth day.
The European Union’s top trade negotiator blasted Beijing’s failure to condemn Russia’s war in Ukraine, making it clear the bloc won’t separate economics from key political issues.
The greenback is once more proving it’s the only haven that matters.
Shares in Asia and European equity futures fell while Treasury yields and the dollar rose, in a sign investors are yet to fully recalibrate interest rate expectations.
Hyundai Motor Co. and Kia Corp. plan to slash the prices of some electric vehicles as the South Korean government expanded subsidies in a bid to boost flagging demand for clean cars.
Billionaire Xavier Niel is investing €200 million ($212 million) in artificial intelligence, split between a future research lab to be located in Paris, cloud supercomputing capabilities powered by Nvidia Corp. hardware, and funding for startups.
