Bakkt Holdings LLC, the digital asset storage and trading platform launched in 2018 by Intercontinental Exchange (ICE), will become a public company. According to a press release from Bakkt, it will do so by merging with VPC Impact Acquisition Holdings, a special purpose acquisition company (SPAC) that is already listed on NASDAQ.  The new company will be named Bakkt Holdings Inc., will be...

Ford Motor Company has announced that Ford Brazil will cease production operations in 2021. "Ford Brazil will cease production at the Camaçari, Taubaté and Troller plants in 2021 as the COVID-19 pandemic will exacerbate ongoing industry downtime and low sales that have resulted in years of significant losses," the company said in a press release. The company will continue to serve the Brazilian...

US fast food restaurant chain Burger King is rebranding for the first time in 20 years, Restaurant Brands International (RBI) global marketing director Fer Machado said on Twitter. "We are genuinely excited about the introduction of our brand identity work," Machando wrote. The company also noted that it is rebranding for the first time in 20 years. Burger King is changing its logo, packaging...

Boeing has agreed to pay $2.5bn in the two 737 MAX plane crashes that killed 346 people, Reuters reports. In doing so, the aircraft maker will settle charges of conspiracy to defraud the United States brought earlier by the Justice Department. The agreement includes a $243.6 million criminal monetary penalty, $1.77 billion in compensation payments to Boeing 737 MAX customers and the establishment...

Indian Transport Minister Nitin Gadkari told The Indian Express that Tesla will "begin operations" in India in early 2021. This implies the start of official sales of Tesla electric vehicles and their service in India. In addition, the minister noted that in case of successful sales, the company does not exclude the assembly of its electric vehicles in India. Tesla opened its first overseas...

The US company Apple has reduced the fee it charges for payments in the App Store for small developers from 30% to 15%. It was reported by MacRumors. Apple announced plans to reduce fees for developers with total annual revenue of less than $1 million on the App Store in the fall of 2020.  It was expected that the commission will be reduced in 2021, but developers have reported that the...

Heads of pharmaceutical companies BioNTech and Moderna have been included in Forbes' list of 50 new billionaires. They made their fortunes in healthcare amid the coronavirus pandemic, according to the publication's website. There are 50 new billionaires in the healthcare sector in 2020, according to Forbes. Their fortunes were boosted by the strong growth of the stock market, with investors...

The world's largest brewery, Anheuser-Busch InBev, has agreed to sell a 49.9% stake in its U.S. metal beer container plants for about $ 3 billion. The purchaser of these assets is a group of institutional investors led by the private equity firm Apollo Global Management. As noted in a statement by Apollo in connection with the conclusion of the deal, AB InBev will retain operational control...

Toyota Motor has had to close three of its plants in the UK and France due to a new strain of the coronavirus detected in Britain and the resulting border closures. According to The Japan Times, the carmaker has decided to send a plant in northern France and an engine plant near Chester, UK, on New Year's break two days earlier than planned.  Workers in both plants will begin their...