Stocks

The chairman’s death has sparked speculation of a shake-up at the world’s second-largest consumer electronics company.

A 4.75% rise in Amazon’s value boosted the net worth of the world’s richest man by an additional $8.5 billion.

The long-lived technology giant will divest of its legacy IT systems to refocus on cloud computing and artificial intelligence.

Struck hard by the COVID-19 pandemic, Rolls-Royce’s bid to make up for losses in the first half of the year sent its stock into freefall.

Shares in the renowned engine maker fell to a 17-year low following its announcement of a rights issue.

The grant, worth $114 million, ensures that the newly minted billionaire will be highly  compensated through to 2025.

In a move that may reduce the likelihood of SoftBank being taken private, its billionaire CEO has reduced stock pledged to financial institutions.

The week beginning 14 September has been the busiest for IPOs since Uber floated in May 2019.

Pascal Soriot sought to allay fears that a suspension of late-stage trials would mean a delay in COVID-19 vaccine production.

The investment comes months after Reliance’s launch of JioMart, aimed at tapping into India’s $825 billion retail market.