As San Francisco prepares to host its largest international summit in decades next month, a who’s who of billionaire families and tech companies are chipping in to back the city’s fundraising efforts. Among the donors: the Pritzkers, the Fishers, Alphabet Inc.’s Google and Apple Inc.
Blackstone Inc. has given former Walt Disney Co. executives Kevin Mayer and Tom Staggs more than $1 billion to build the next great entertainment company. That investment has been put to the test this year.
Shares in Polish computer-game maker CD Projekt SA dropped as much as 8.2% on Friday, touching a 4-1/2-month low, on concern that profit could take a hit from the high cost of producing a recently released add-on feature to the Cyberpunk 2077 game.
Italy’s Intesa Sanpaolo SpA has made a surprise investment in Elon Musk’s Space Exploration Technologies Corp. as the lender looks to the aerospace industry as a key driver of global growth.
Royal Philips NV suffered another setback as the US drug regulator requested additional tests on its sleep apnea devices, warning that the company’s analysis of the recalled products is inadequate.
Tesla Inc. cut prices on its top-selling models in the US again, days after its third-quarter deliveries missed estimates.
The Biden administration urged the Federal Communications Commission to adopt strong rules to redress historic shortfalls that have left some communities lacking adequate broadband service.
Mauritius’ state-owned telecommunications operator is assessing opportunities in several African nations as part of a key strategic initiative to diversify out of the Indian Ocean island market.
Singapore’s digital economy has expanded to about $77 billion, or 17.3% of gross domestic product, and should continue to drive growth in coming years, according to a new government report.
Finnair Oyj plans to raise as much as €600 million ($632 million) issuing new shares, as the Finnish flag carrier seeks to prop up its balance sheet after its strategy was upended by the closing of Russia’s airspace in the wake of the war in Ukraine.
