Business - Page 120

Founded in 2017, Geniebook is a Singapore-based learning platform that uses a combination of machine learning and human teachers to personalize each student’s education. The company announced today it has raised $16.6 million in

Shared micromobility operator Lime is on track for third quarter adjusted EBITDA profitability, marking this as the second profitable quarter in the company’s history, according to CEO Wayne Ting. During the Wall

Ford Motor Company is investing $316 million (£230 million) to transform its Halewood, U.K. vehicle transmission facility into an electric power unit plant, making it Ford’s first EV component in-house assembly site

Alaska Airlines has become the latest major airline to enter corporate investing with the launch of a new venture capital arm, dubbed Alaska Star Ventures, as the aviation industry looks to emerging

Indian retailer Fabindia has withdrawn an ad about a new festive line after a backlash from right-wing Hindu groups. They accused the ad of using Urdu – a language spoken by many

Afghanistan’s economic woes could fuel a refugee crisis impacting neighbouring countries, Turkey and Europe, the International Monetary Fund has said. The economy will contract by up to 30% this year – which

Price rises dipped slightly in September as the economy continued to reopen, according to official figures. The increase in the cost of living, as measured by the Consumer Prices Index, fell to

People are still ordering millions of takeaways despite restaurants reopening across the country. But food delivery firm Deliveroo said the average order size is falling, down from £24.20 a year ago to

Shareholders in the supermarket chain Morrisons have approved a multi-billion pound takeover offer from a US private equity group. Clayton, Dubilier & Rice (CD&R) can now continue to take over the UK’s

Australian airline Qantas is being prosecuted in a row over the duties of plane cleaners in early 2020. A cleaner was told to stop working after he opposed cleaning practices on aircraft

Investment bank Credit Suisse has been fined £147m by UK authorities over a corruption scandal involving Mozambique’s tuna fishing industry. The bank will also write off $200m of debt “tainted by corruption”

Facebook has agreed to pay a record $14.5m (£10.1m) to settle claims it discriminated against US workers in its hiring practices. The US Department of Justice (DOJ) had claimed the tech giant