Business and technology quick bites: 21.06.2021

The highlighted words in red are links to the news article.

June 21, 2021 (last updated at 8.15 am)

Business News

1. Wall Street still hasn’t figured out how to make much money in China.
2. Stock market update: Asian stocks look set to drop as Fed’s pivot saps reflation, China’s benchmark lending rate ahead.
3. Week Ahead: Stock Volatility Will Continue; Dollar To Rise, Gold Could Fall
4. Ackman’s SPAC to buy 10% of Universal Music Group for about $4 billion from French media company Vivendi.
5. Damac hires advisers to assess US$599 million offer to take the Dubai-based real estate developer private.
6. The Kuwait Investment Authority, a US$600 billion sovereign wealth fund, is caught in the cross-hairs of a political power struggle that’s roiling one of the world’s richest countries.
7. China joins consortium to acquire a 49% equity stake in Aramco Oil Pipelines.
8. Porsche will build a high-performance battery factory in Germany

Technology News 

1. Former Morgan Stanley traders turn their crypto finance startup, Amber Group, into a unicorn.
2. Dollars, deals and the importance of nondilutive capital.
3. Twitter sets ambitious goal to double its revenue by the end of 2023 and grow its user base to 315 million daily active users.