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J. K. Liu, CEO of Chinese camera manufacturer Insta360, said in an interview with CNBC about plans to hold an initial public offering of shares in 2020 with the goal of attracting investment to introduce innovations in camera production. It is expected that the listing will take place in mainland China, but a specific site has not yet been reported. The Chinese company has already managed to attract investments in the amount of 30 million dollars from a number of Chinese investors, such as Everest Venture Capital, Huajin Capital and others. The company plans to send funds to research the capabilities of artificial intelligence in software and hardware, as well as to create its own brand stores in the USA, Germany, Japan, China and the UK.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Oil prices held steady on Tuesday, remaining unchanged from gains in the previous session after demand for fuel showed signs of picking. Brent crude rose by 6 cents to $43.14 per barrel at 0046 GMT after previously gaining 2.1% on Monday. ...
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