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Alibaba Is In Talks To Invest US$3 Billion In Grab, Sources Allege

Alibaba is reportedly in talks to invest US$ 3 billion (S$ 4.1 billion) into Southeast Asian ride-hailing giant Grab Holdings. That’s a fifth of Grab’s last known valuation of US$ 14 billion (S$ 19.1 billion) The e-commerce giant will be acquiring a percentage of the Grab stock held by Uber …

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Trump Holds Indoor Rally as White House Officials Try to Defend His Virus Response

This briefing has ended. Read live coronavirus updates here. Here’s what you need to know: Thousands attend a Trump rally indoors as others ask why he played down the virus threat. Scientists are alarmed by companies’ secrecy around vaccine clinical trials. A refugee camp in Greece on virus lockdown was …

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Nvidia acquires Arm from SoftBank for $40 billion

Automation and Jobs Read our latest special issue. Open Now Nvidia confirmed that it is acquiring processor architecture firm Arm from Softbank for $ 40 billion. The deal confirms after weeks of speculation as well as a report yesterday by the Wall Street Journal. Santa Clara, California-based Nvidia, a maker …

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