Lithium batteries are the ‘new oil’ as Panasonic unveils $4bn gigafactory July 14, 2022 The demand for lithium batteries, key components in electric vehicles (EVs), have skyrocketed in recent months – with onlookers, including Elon Musk, saying they are the new oil. Japanese tech giant Panasonic secured approval for a $4bn (£3.3bn) battery plant on Wednesday night, in a bid to keep up with demand from EV makers. Panasonic [...]
Bitcoin dips below $19k before recovering, with US inflation at 40-year high July 14, 2022 The price of Bitcoin has recovered to just below $20k, having climbed one per cent over the past 24 hours to $19,994 this morning.
Twitter shares climb as investors back Elon Musk lawsuit over $44bn takeover July 13, 2022 Twitter’s shares climb over five per cent in early morning trading after news broke that the social media titan had officially sued Elon Musk to force him to follow through with his $44bn takeover. Last week the world’s richest man announced that he would be walking away from the mega deal, citing the Silicon Valley’s firm [...]
Bitcoin holds just below $20k as sentiment remains low July 13, 2022 The price of Bitcoin (BTC) remains below $20k this morning, flat over the past 24 hours at around $19,750 this morning.
Bitcoin dips below $20k as markets remain uncertain ahead of latest inflation figures July 12, 2022 The price of Bitcoin is down 3.75 per cent over the past 24 hours this morning, changing hands for around $19,800.
Twitter shares take a tumble as Elon Musk’s takeover u-turn sets in July 11, 2022 Shares continue to tumble for Twitter as the Silicon Valley titan feels the hangover of Elon Musk’s takeover u-turn this weekend. The stock dropped over seven per cent in early morning trading on the Nasdaq after the eccentric billionaire called off his $44bn (£37bn) purchase of the social media platform. He accused the company of [...]
Doceo’s Weekly 360 – the week’s news and views in the words of the companies and the professionals July 11, 2022 A unique mandate Fourth Annual Report from fintech investor Augmentum Fintech (AUGM). Chairman Neil England wrote: “The Company’s portfolio of investments has again performed very well with an increase in Net Asset Value (NAV) per share after performance fee of 19.0%. However, the share price and total shareholder return do not reflect the strong performance [...]
Bitcoin sentiment continues to rise ahead of US inflation figures July 11, 2022 The price of Bitcoin has slipped four per cent over the past 24 hours, down to around $20,460 this morning.
Musk v Twitter: Legal battle looms after billionaire pulls out of £37bn takeover July 10, 2022 Elon Musk may be gearing up for a lengthy legal battle after Twitter said it would be suing the billionaire for backtracking on his $44bn (£37bn) takeover.Musk accused the platform of breaching the terms of the takeover agreement as well as making “false and misleading representations.” “Sometimes Twitter has ignored Mr Musk’s requests, sometimes it [...]
Twitter plans to sue following Musk’s withdrawal from $44bn takeover July 9, 2022 Twitter has announced it will sue Elon Musk if he refuses to go ahead with his $44bn takeover. Chairman Bret Taylor said the company’s board was “committed to closing the transaction” agreed upon with the serial entrepreneur and it would plan “to pursue legal action to enforce the merger agreement.” Under the agreement’s terms, Musk [...]