Volkswagen closes $2.6 billion investment in self-driving startup Argo AI

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Volkswagen closes $2.6 billion investment in self-driving startup Argo AI

Volkswagen has closed on its $2.6 billion investment in Argo AI, a Pittsburgh-based autonomous vehicle startup. The deal included $1 billion in cash and Argo taking over VW’s European self-driving unit, valued at $1.6 billion, as well as the unit’s more than …
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MIDEAST STOCKS-Abu Dhabi outperforms; Saudi retreats

… * Etisalat leaps on unit’s deal * FAB sells $500 mln in Formosa bonds – sources * Saudi Aramco falls ahead of OPEC+ meeting By Ateeq Shariff June 2 (Reuters) – Most major stock markets in the Middle East closed higher on Tuesday, with Abu Dhabi …
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Bitcoin wipes coronavirus losses, passes $10000 again

There’s a popular meme that shows Bitcoin on a perpetual rollercoaster. It’s true: The world’s largest cryptocurrency by market cap is a very volatile asset. But it’s not often that Bitcoin goes up past the $10,000 mark. On Monday, it happened again, and this time …
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No-Deal Brexit Risk, German Stimulus, India Downgrade: Eco Day

Photographs: Bloomberg. Welcome to Tuesday, Europe. Here's the latest news and analysis from Bloomberg Economics to help you start the day:.
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NetEase Plans Hong Kong Stock Offering, Seeks $2.6 Billion

… taking investor orders for a second listing in Hong Kong that could raise about $2.6 billion, according to terms for the deal obtained by Bloomberg.
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