SoftBank’s Arm aims for $8 bln U.S. IPO – sources

A medic who lost his arm in the 2008 Gaza War has gone on to open his own gym and become an iron-willed bodybuilding instructor in Jabalia, north of Gaza City. Nidal al-Daour was seen breaking up a hefty sweat inside his gym on Wednesday, proving that one does not need every limb to do the heavy lifting.

Chinese bubble tea chain Nayuki edged down on its Hong Kong market debut Wednesday after raising more than US$650 million in an IPO that marked the culmination of a literal labour of love for the co-owners who created the firm on a blind date.

American sprinter Sha'Carri Richardson has tested positive for cannabis, sources have told Reuters, and she is unlikely to get the chance to challenge for the Olympic 100 metres title in Tokyo later this month.

The governor of Nigeria's Katsina State has told locals to arm themselves against would-be attackers, saying security wasn't only the government's responsibility. Aminu Masari has blamed residents for giving in too easily to attackers amid ongoing kidnappings and raids by armed gangs.

US electric vehicle maker Rivian is set to make its debut on Wall Street at $78 a share, in one of the biggest initial public offerings ever. Also, director Peter Jackson sells his visual effects firm for $1.6 billion and a legendary Parisian department store gears up for a busy holiday shopping season after a 16-year hiatus.

Following the opening ceremony for what was India's biggest-ever IPO, shares in mobile payment giant Paytm lost a quarter of their value.

It was the biggest ever deal in the chipmaking industry, but US firm Nvidia has abandoned its planned $40 billion purchase of Britain's Arm Holdings. The sale was called off after pressure from regulators in the UK, EU and US. Softbank, Arm's current owner, is planning to float the company on the stock market instead. Also today, we look ahead to the announcement of EU plans to boost semiconductor production.

An oil vessel that exploded off the coast of Nigeria this week had not been maintained for some time and had technical issues, two sources and an environmental group said on Friday. as its wreckage lay in the sea after the fire was put out. The 10 crew members on board at the time of the explosion on Wednesday remained unaccounted for.

Twitter Inc. is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc. has called his "best and final" offer for the social media company, people familiar with the matter said.

EU leaders are expected to present the proposed embargo later this week. Supporting the measure would be Germany's second turnaround in as many weeks with regards to Ukraine.

The World Cup in Qatar will kick-off a day earlier than scheduled if FIFA's ruling bureau agree to a plan to hold the opening ceremony and the host nation's first match on Sunday Nov. 20th, a source close to the discussions told Reuters.

NATO allies say they’ll "stay the course" with Kyiv. But some governments are increasingly worried they won’t be able to fulfill that pledge and keep their powder dry.