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Chip designer Arm targets $52 bn valuation in year's largest IPO
Chip designer Arm targets $52 bn valuation in year's largest IPO
by  AFP

British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. The company, which is a world leader in smartphone chip design and is owned by the Japanese tech investor SoftBank, has announced it will list on the tech-rich Nasdaq stock exchange under the "ARM" ticker.

Former Starbucks CEO Schultz steps down from board
Former Starbucks CEO Schultz steps down from board
by  AFP

Starbucks said Wednesday its former chief executive Howard Schultz will step down from the coffee chain's board of directors "as part of a planned transition." In 2017, Schultz stepped aside as chief executive after his second tenure, handing the reins to Kevin Johnson.

Argentina monthly inflation highest in two decades
Argentina monthly inflation highest in two decades
by  AFP

Argentina recorded an inflation rate of 12.4 percent in August, the highest monthly change in over two decades in a country dogged by chronic economic instability, its statistics agency said Wednesday. The last time monthly inflation hit double digits was in April 2002, when it stood at 10.4 percent.

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