Airbnb plans to price at $44 to $50 per share in its IPO, giving it a valuation of up to $35 billion on a fully diluted basis, according to a new filing the company submitted to the SEC Tuesday. The company seeks to raise about $2.5 billion in the IPO. Existing investors seek to sell
Debenhams is to be wound down after JD Sports pulled out of talks on a rescue takeover, placing 12,000 jobs at risk in a horror week for UK retail. The decision was taken after a sale process, initiated by administrators when the troubled 242-year old department store collapsed in April, was officially concluded leaving it
At least two people have been killed and several are injured after a car drove into pedestrians in the German city of Trier, police say. Public broadcaster SWR reported that the driver had been detained by police, adding that details of the incident were unclear. Police said rescue crews were on the scene. Advertisement
President-elect Joe Biden has formally announced some key cabinet picks for his national security and foreign policy teams. The list brings together people who worked in the Obama administration at the State Department and the White House. Some have relationships with Mr Biden dating back many years, but the hires also reflect a more diverse
Play video content CBS Barack Obama got the lowdown as Prez on UFOs — or the lack thereof — and although he won’t say if space aliens are a thing, his facial reactions are more than interesting. Obama appeared on ‘The Late Show’ Monday night and Stephen Colbert asked the burning question … whether 44
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If you’re looking for the best television shows and movies to watch this week on that new TV you bought last Wednesday because you forgot about Black Friday (and now you’re upset because you spent hundreds of dollars extra when you could have just waited a few days for a big fat discount) so you
Boris Johnson is heading for a COVID showdown with rebel Tory MPs, despite being assured of victory in a Commons vote after Sir Keir Starmer said Labour will abstain. Around 50 Conservative MPs are predicted to come out against the government in a vote to approve the tier system of COVID curbs in England, in
Andy Jassy, chief executive officer of web services at Amazon.com Inc., speaks during the Amazon Web Services (AWS) Summit in San Francisco on April 19, 2017. David Paul Morris | Bloomberg | Getty Images Amazon’s cloud division on early Tuesday announced the availability of new virtual computing instances for software developers that run Apple’s MacOS
Some 13,000 retail jobs are hanging in the balance after high street giant Arcadia collapsed into administration. Sir Philip Green’s retail empire operates from 444 sites in the UK and 22 overseas as well as online – and currently has more than 9,000 staff on furlough. The workforce now faces an uncertain future, though no
Brazil’s Amazon rainforest has suffered its worst deforestation for 12 years. An area of 11,088 km2 (2.7 million acres) – seven times the size of London – was lost in a year. The official data from Brazil’s space research agency was released on Monday and showed a 9.5% annual increase. Satellite images from August 2019
Joe Biden is pressing ahead with forming his government by announcing his picks for some of the top jobs in his economic team. A number of his choices are set to make history – together they make up the country’s most diverse economic leadership team ever. His picks include the first woman to head up
HBO Max is bringing home a blockbuster for the holidays. Unless you’ve been floating among the wreckage of Krypton, you probably already know that the streaming service is premiering the highly anticipated Wonder Woman 1984 on Christmas. So, be sure to clear your schedule during the holiday. Right behind the great goddess is a real-life
SoundCloud is on the rise — the platform just experienced its first-ever profitable quarter in Q3 2020 and reported a 37% increase year-over-year in 2019. These are huge wins for SoundCloud and its steady rise in recent years is promising — attributed to its unique business model, which breaks down into Listener Business and Creator Business
The health secretary has said that England’s lockdown means “we’ve got this virus back under control” – but warned continued vigilance is needed. Speaking at a Downing Street news conference, Matt Hancock acknowledged that the second national shutdown has been tough. Live updates on coronavirus from UK and around world Please use Chrome browser for
Ajit Pai Brad Quick | CNBC Federal Communications Commission Chairman Ajit Pai will step down from his post on January 20, the day President-elect Joe Biden is inaugurated, he announced Monday. The announcement means that the FCC could reach a Democratic majority sooner than it would otherwise be able to. Pai’s term was slated to