Britain’s biggest technology company Arm is cutting one in 10 jobs at its UK headquarters as its Japanese owners prepare to float the $60bn (£48bn) semiconductor giant in America.
(Bloomberg) -- Klarna Bank AB is looking to tap investors for more cash in a move that would reduce its valuation by about a third, according to people familiar with the matter. Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightPutin’s War Means Russia’s Rich Aren’t Welcome at Davos AnymoreElon Musk Gets Defensive Over Twitt
(Bloomberg) -- PhonePe, an Indian payments company backed by Walmart Inc., will acquire two wealth management firms for a total enterprise value of $75 million.Most Read from BloombergWalmart’s Troubles Should Have Everyone on High AlertA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest EggsOne of the World’s Frothiest Housing Markets Turned Into a Seller’s Headache OvernightPutin’s War Means Russia’s Rich Aren’t Welcome at Davos AnymoreElon Musk Gets Defensive Over Twitter Meme as Harassm