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Oatly, the world’s largest oat milk company, raised US$1.4 billion in an initial public offering Thursday on the Nasdaq stock exchange, capitalizing on a global surge in demand for its products.
Source: ctv business
Warm welcome for oat milk maker Oatly in Wall Street debut

Zhang Yiming announced he will step down as CEO of TikTok-owner ByteDance, saying he lacked the social skills to be an ideal manager and naming his college roommate Liang Rubo as his successor to navigate a rising tide of Big Tech regulations.
Source: ctv business
‘I’m not very social’: ByteDance founder to hand CEO reins to college roommate

The crypto crash of the past few days has shocked investors around the world. Ethereum founder Vitalik Buterin isn’t among them — even though the meltdown wiped out a huge chunk of his personal wealth.
Source: ctv business
The 27-year-old behind ethereum isn’t surprised by the crypto crash: CNN exclusive

Bitcoin recovered marginally on Thursday from the previous session’s brutal slide to four-month lows but was weighed down by concerns over tighter regulation in China and unease over massive leveraged positions in the cryptocurrency world.
Source: ctv business
Bitcoin struggles for footing on worries over China, leverage

The price of Bitcoin fell as much as 29 per cent Wednesday after the China Banking Association warned member banks of risks associated with digital currencies. Other digital currencies suffered sharp declines as well. Here’s a look at Bitcoin and digital currencies in general.
Source: ctv business
Why has the price of Bitcoin been falling?

Former U.S. President Donald Trump on Wednesday attacked New York state’s attorney general for launching a criminal probe of his family business, saying he was ‘being unfairly attacked and abused.’
Source: ctv business
Trump says New York criminal probe is in ‘desperate search of a crime’

The Canada Energy Regulator says pandemic lockdowns and travel restrictions that kept Canadians close to home in 2020 resulted in overall consumption of refined petroleum products dropping by about 15 per cent compared to the previous year.
Source: ctv business
Pandemic linked to 15 per cent drop in fossil fuel use in 2020: energy regulator

A new report says North American manufacturing companies are increasingly targets for cybercriminal gangs that use malicious software to shut down businesses if they don’t pay a ransom.
Source: ctv business
Manufacturers are newest targets for ransomware attacks, study finds

Peloton is rolling out a software fix for its Tread and Tread+ treadmills after a massive recall.
Source: ctv business
Peloton releases a software fix for its recalled treadmills

The European Union took a step toward relaxing travel rules for tourists from outside the 27-nation bloc Wednesday when EU ambassadors agreed on measures to allow in fully vaccinated visitors.
Source: ctv business
EU takes big step toward relaxing travel for vaccinated tourists