Lockdowns in China expand as COVID-19 cases reach record levels
World's most populace country, China, is reportedly extending lockdowns, including in the central city where factory workers recently clashed with police, as its COVID-19 cases hit a new record. According to sources, people in Zhengzhou's ....
Transition VC unveils $48 million fund to encourage energy transition
Transition VC, a well-known venture capital fund, has recently announced the launching of its maiden fund with a corpus target of around USD 48 million (400 crores), which includes a greenshoe option of around UDS 24 million (200 crores). Apparent....
Oil rises after Saudi Arabia denies report of increased OPEC+ supply
Oil prices in early Asian Trade rose slightly following the denial of media reports that Saudis were in discussions for increasing oil supply with OPEC and its allies made by Saudi Arabia The prices of oil slightly increased in Asian Trade recentl....
Fairmat nabs $35Mn to create a new material from carbon fiber composite
French manufacturing startup, Fairmat has reportedly secured $35 million (€34 million) in a Series A round of funding to facilitate its plans to transform carbon fiber composite, which is no longer used, into a material that can be used to devel....
valU, TMG partner to offer easy payment solutions in Rehab, Madinaty's malls
Lifestyle enabling solution, valU has reportedly partnered with the leading conglomerate in Egypt, TMG (Talaat Moustafa Group) to deliver convenient payment solutions to the clients of the latter’s s Gateway Mall and Open-Air Mall located in Al....
GoTo cuts 1,300 jobs as it expects uncertainties to last a long time
Internet company, GoTo Group is reportedly slashing 12% of its workforce, which is almost 1,300 jobs, as informed by the staff recently. Apparently, this move comes as Indonesia's largest internet company is looking forward to trimming costs a....
XeOPAR Fintech, Social Donut partner for global marketing and GTM strategy
Noida-based financial institution, XeOPAR Fintech has reportedly collaborated with well-known marketing agency, Social Donut for its global branding, marketing, and GTM (go-to-market) strategy. According to reports, with this partnership, both fir....
Russian shipments through Druzhba pipeline to Hungary start again: Report
According to credible reports, the prices of oil recently dropped by more than a USD (U.S. dollar) as Russian oil shipments via the Druzhba pipeline to Hungary were restarted, while surging cases of COVID-19 cases in China weighed on sentiment. It....
Steel makers’ profitability likely to be back on track in Dec quarter
Post a challenging September quarter, the profitability of local steel makers is anticipated to get back on track given an increased demand and reduced input costs in the October-December quarter. As per credible sources, industry analysts see a r....
Quectel announces advanced additions to Wi-Fi module portfolio
China headquartered Quectel Solutions has announced expanding its Wi-Fi collection with the introduction of FC6xE series of Bluetooth/Wi-Fi modules, built on Wi-Fi 6E chip by Qualcomm. Developed to provide secure, faster, and more robust Wi-Fi exp....
US, ASEAN partnership to address ‘biggest issues of time’- Biden
Recently, U.S. President Joe Biden opened the U.S.-ASEAN Comprehensive Strategic Partnership in an effort to tackle the biggest issues of time- climate change, health, security, and more, at the 10th ASEAN-US Summit in the Kingdom of Cambodia. As ....
Nephron & Sharps collaborate to develop best manufacturing practices
Pharmaceutical firm, Nephron Pharmaceuticals Corporation and renowned medical device and pharmaceutical packaging company, Sharps Technology, Inc. have recently entered a partnership. With this collaboration, both firms look forward to developing ....
Brookfield leads $12B investment bet on climate change in Australia
Investment management firm, Brookfield Asset Management has reportedly led an $11.8 billion (A$18.4 billion) offer to take over renowned integrated energy company, Origin Energy Ltd. in its latest move to add exposure to Australia's accelerating ....
Tech Giant Salesforce lays off hundreds of employees for cost cutting
American cloud-based software company, Salesforce has reportedly laid off hundreds of people this week as the blitz of tech cutbacks remained constant. According to sources, the firm is not planning to share an exact number but confirmed that less....
Latecoere acquires aircraft industry firm Avcorp to reinforce its business
Aeronautics company, Latecoere, has recently announced the acquisition of Canadian aircraft industry company, Avcorp Industries Inc., which builds significant airframe structures for leading aircraft manufacturers. Apparently, this acquisition of ....
PayPoint to takeover Appreciate Group in a deal worth over $95 million
Payment service firm, PayPoint has reportedly acquired leading gifting and engagement company, Appreciate Group in a deal worth around $95 million (£83 million). For the unversed, PayPoint, which offers bill payments at more than 28,000 reta....
Twitter to roll out verification check marks post U.S. midterm elections
Elon Musk-owned social networking firm, Twitter is delaying the rollout of verification check marks for subscribers to steer clear of the possible impact of the midterm elections in the U.S. Earlier, the social media giant planned to introduce the....
Mass layoffs at Twitter begins Friday amid chaos and confusion
Social networking giant Twitter is slated to lay off several employees on Friday Elon Musk-owned social networking company, Twitter is reportedly set to fire a massive number of employees this Friday. Apparently, the news worries Twitter employees....
White House to offer $13.5B funding to assist households with energy bills
As per a statement issued by the White House recently, President Joe Biden's administration will make $13.5 billion in funding available to assist low-income U.S. households in lowering their heating costs this winter. Under this initiative, t....
Airwallex, Atome partner to offer BNPL payment services in Singapore
Airwallex looks forward to expanding this collaboration to strengthen its foothold in other countries Multinational financial technology company, Airwallex, has reportedly collaborated with BNPL (buy now pay later) provider, Atome to empower ....
Momentum ITSMA acquires OneGTM to meet rising go-to-market expertise demand
World-leading B2B growth hub, Momentum ITSMA, is reportedly pleased to announce the acquisition of OneGTM, a B2B marketing consultancy. Apparently, OneGTM is well-known for assisting B2B technology businesses to plan and deploy successful GTM (go-to-....