US betting company DraftKings has made an offer to buy British betting and gambling company Entain Plc. This was announced by the British themselves after the information appeared in the media. Confirming receipt of the offer, the British company said it would respond to it later, but in the...

Twitter said that it reached a settlement with a group of shareholders who had filed a class action lawsuit against it in 2016. Twitter agreed to pay $809.5 million to shareholders accusing it of misleading investors about some of its performance.  The company said it did not admit any...

Toy suppliers and retailers in the United States and elsewhere are racing against time to tackle severe air, sea and land shipping shortage ahead of the Christmas season.   A major portion of the total annual sales of almost $33 billion comes during the holidays, and the top selling toys...

The aim of the recent sweeping regulatory crackdown on domestic companies by Chinese authorities is not aimed at reining in private enterprises of the country or decoupling them from the United States or the international financial markets, a top official of China’s regulatory body reportedly told...

International payment service PayPal has announced that their UK customers are now able to buy, store and sell a range of cryptocurrencies, the company announced on its Twitter page. "We are pleased to announce that all approved users in the UK can now buy, store and sell cryptocurrencies (Bitcoin,...

There are currently no signals about any change taking place in the currently red-hot global shipping market for the rest of this year, according to the chief executive of the Danish shipping giant A.P. Moller-Maersk.   The company raised its outlook for 2021 once again on Thursday following...

The World Bank decided not to issue the annual Doing Business report on business conditions in different countries any longer. This is due to errors discovered in the calculations for the 2018 and 2020 reports. The World Bank suspended publication of the Doing Business ranking a year ago. Creators...

The U.S. Securities and Exchange Commission (SEC) announced that App Annie, a company that provides data on downloads and usage of mobile applications, agreed to pay a $10 million fine for violating the Securities Trading Act. The reason was the company's practice during which it collected...

Paul Jacobson, Chief Financial Officer at General Motors Co, reiterated the 2021 profit outlook of the company. He also stated that the company expects a more stable year in 2022 for a much steadier supply of auto semiconductors.   Jacobson stated during a conference with investors that GM...