Swarmio Media Steps Into ASEAN Market With New Agreement
Swarmio Media (CSE: SWRM) is enhancing its distribution within the Southeast Asian market. The firm early this morning indicated it has entered into an arrangement with TM Wholesale, which is the domestic and international wholesale business arm of Telekom Malayusia Berhad. The agreement, classified as a master collaboration agreement, will see the two firms work […]
Vladimir Putin Orders ‘Hostile States’ to Pay in Rubles for Gas Supplies
Russian President Vladimir Putin decided to use Russian natural gas— the European Union’s Achilles heel— to prop up the ruble amid a cascade of crippling western sanctions. Since the ruble plummeted to a record low in early March, the currency rebounded only modestly, and is currently sitting at around 100 per US dollar after sanctions […]
El Salvador Shelves Bitcoin Bond Debut Amid Unfavourable Market Conditions
El Salvador decided to postpone the offering of its $1 billion bond last week, citing unfavourable market conditions. El Salvador’s finance minister Finance Minister Alejandro Zelaya announced on Tuesday the country will not be moving forward with its planned bitcoin bond debut originally scheduled for March 15-20, due to heightened volatility across cryptocurrency markets in […]
Fashion Brand Lanvin To Be Taken Public In A US$1.9 Billion SPAC Merger
Global luxury fashion firm Lanvin Group entered into a definitive business combination agreement with special purpose acquisition company Primavera Capital Acquisition Corporation (NYSE: PV). The transaction values the combined company at an equity value of US$1.9 billion and an enterprise value of US$1.5 billion. The combined company is expected to receive US$544 million in gross […]
Goldman Sachs CEO David Solomon Is Playing At This Year’s Lollapalooza
In case you missed it, David Solomon, CEO of Goldman Sachs (NYSE: GS) has been moonlighting as a DJ since 2015. What’s more, it’s just been confirmed that he’ll be playing at Lollapalooza in July. He’ll be performing alongside acts like Metallica, Dua Lipa, Doja Cat, and Green Day at the four-day music festival in […]
Waymo Set To Go Fully Autonomous In San Francisco
Alphabet Inc’s (Nasdaq: GOOGL) self-driving platform Waymo said on Monday that it is ready to begin introducing fully driverless rides in San Francisco, California. The firm launched its Trusted Tester program in the city six months ago and, having incorporated the feedback, is now set to go fully autonomous with its Waymo Driver system. In […]
Blue Lagoon: A Clear Path To Production – The Daily Dive
Joining us for the first time on the Daily Dive is Rana Vig, CEO and Director of Blue Lagoon Resources (CSE: BLLG). Rana joins us this afternoon to discuss the recent volatility in gold and what sectors he thinks have the most upside in the current market environment. We then move to the topic of […]
Bank of Russia Indicates 33 Equities To Resume Trading On Moscow Exchange Thursday
The Central Bank of Russia this morning indicated that partial trading of securities is finally set to resume on the Moscow Exchange. The exchange has been closed since February 25, when it closed due to markets crashing following Russia’s invasion of Ukraine. Trading is set to resume for just 33 equities listed on the exchange, […]
Mercedes Benz Cuts Production at Sindelfingen Plant Amid Supply Chain Chaos
Luxury carmaker Mercedes Benz has been forced to scale back working hours for some of its employees, as supply chain disruptions stemming from the Russia-Ukraine conflict impede the company’s production. According to Reuters, Mercedes cut back hours for some of its staff at the company’s Sindelfingen plant in Germany, amid a shortage of production parts. […]
Quebec Hands Out Money… To Fight Inflation
In today’s class on How to Combat Inflation 101, we learn that the best way to counter the surging cost of living is to… hand out more money? If that sounds completely absurd to you, that’s because it probably is. However, according to Quebec, inflation (which was caused by MMT and money printing in the […]