Sidebar

Exclusive Reports

26
Fri, Apr

Music streaming service Spotify has filed confidentially for an initial public offering with the U.S. Securities and Exchange Commission (SEC) and is moving ahead with a direct listing in the first half of the year, a source familiar with the matter said on Wednesday.

If Spotify, which was valued at as much as $19 billion last year, goes ahead with its plans, it would make it the first major company to carry out a direct listing, an unconventional way to pursue an IPO without raising new capital.

China's foray into the skies took a different level as its first large amphibious aircraft AG600 successfully completed its maiden flight in south China's Guangdong Province. At 9:39 a.m., the aircraft AG600, code named "Kunlong," left Jinwan airport in the city of Zhuhai. The flight lasted about one hour.

On the heels of iPhone X launch, Apple Inc’s shares rose to a record high on Friday, briefly breaching $900 billion in market value and setting off expectations that the stock may hit a trillion-dollar valuation soon. If it happens, Apple will be the first company in the world to reach such a summit.

TECNO, a premier mobile phone brand has launched its newest addition the in Middle East and Africa region. The regional launch took place in Jumeirah Beach Hotel, Dubai in the presence of about 200 guests. Tecno decided to skip the Phantom 7 to keep pace with the likes of Samsung and Apple who have already launched their flagships – Samsung galaxy S8, galaxy Note 8, iPhone 8 and 8 Plus.

Turkey’s Turksat 5A and 5B satellites will be launched by US billionaire Elon Musk’s Space Exploration Technologies (SpaceX), Turkish Transport Minister Ahmet Arslan said on Thursday. “Our friends decided to launch our satellites with the Falcon 9 rockets of Airbus’ subcontractor, SpaceX,” Arslan said at an event in Istanbul.

China-based TCL Communications, which has global rights to BlackBerry phone brand, on Sunday launched a new smartphone, called the BlackBerry Motion. The smartphone is said to be similar to the BlackBerry KEYone but comes with a full touchscreen instead of a physical keyboard and touchscreen combination.

More Articles ...