IBM’s & Alberta’s AI platform to diagnose schizophrenia by scanning brain blood flow with 74% accuracy
Date: 2017-08-18   Author: Shikha Sinha

Envisaging IBM’s research efforts conducted alongside the University of Alberta (UoA), it looks like artificial intelligence and machine learning are on the precipice of revolutionizing medical diagnosis. With AI...

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Hangzhou joins forces with Alibaba, collaboration aims to revamp the city’s house rental service
Date: 2017-08-16   Author: Saipriya Iyer

China's eminent e-commerce behemoth, Alibaba has signed a strategic agreement with the Zhejiang government, which aims to make use of the company's superior technology to create an efficient online system for h...

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Anthem is on the verge of withdrawing from Nevada’s health exchange policy citing reasons of uncertainty regarding the Affordable Care Act
Date: 2017-08-09   Author: Pankaj Singh

Anthem, Inc., the renowned American trusted insurance plan provider, has pulled down a shocker by announcing the withdrawal of its health insurance plan from Nevada. Back in 2010, President Barak Obama had signed the P...

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MSAR government inks a strategic agreement with Alibaba to develop Macau smart city
Date: 2017-08-07   Author: Pankaj Singh

The Macau Special Administrative Region (MSAR) has decided to sign a strategic alliance with one of the largest retailers of the global e-commerce market - Alibaba. Post conducting extensive research, the Macau governm...

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European oil & gas firms seek authorization to explore the U.S. offshore wind energy market
Date: 2017-08-02   Author: Saipriya Iyer

The latest buzz garnering attention in the bandwagon is that of major European firms such as Statoil, DONG Energy, and Royal Dutch Shell keenly seeking to explore the lucrative & fast-growing U.S. offshore wind ene...

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Indian government on the verge of blocking Shanghai Fosun’s 1.3 billion-dollar bid to takeover Gland Pharma
Date: 2017-08-01   Author: Pankaj Singh

The Indian Cabinet Committee on Economic Affairs has decided to block the bid offered by Chinese conglomerate Fosun to acquire the Hyderabad-based Indian drug maker Gland Pharma Ltd., as cited by reliable reports. Fosu...

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Charter Communications turns away Sprint’s long-standing proposal for merger
Date: 2017-07-31   Author: Shikha Sinha

The reports on Sprint Corp’s exclusive merger with Charter Communications had the telecom and media fraternities buzzing of late. However, after several weeks of apparent discussions regarding the deal, a new rep...

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Enel Green Power Espana awarded contract by Spain Government to construct solar plants of 339 MW capacity in Bajadoz and Murcia
Date: 2017-07-28   Author: Saipriya Iyer

The latest scoop to grab the headlines in the renewable energy cosmos is that of Enel Green Power Espana being awarded a solar capacity of 339 MW by the Spanish Government to construct solar plants in the country. The ...

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UAE-Qatar conflict instigates the former to authorize its first condensate supply from the United States
Date: 2017-07-27   Author: Saipriya Iyer

The United Arab Emirates (UAE) has recently purchased a cargo of condensate from the Eagle Ford – the premier liquids-rich development located in Texas. As per sources, this deal is the first acquisition of the U...

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Abundance’s corporate initiative for UK’s first geothermal project raises over GBP 1 million within a mere 48 hours of its launch
Date: 2017-07-26   Author: Saipriya Iyer

The exemplary success of the deployment of geothermal technology to generate electricity in Iceland and Italy may have, in all likelihood, goaded the UK government to tap the geothermal potential of the country to gene...

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SunPower turns out to be energy supplier for France, plans to deliver high efficiency solar panels for Tenergie solar projects
Date: 2017-07-25   Author: Saipriya Iyer

SunPower Corporation, the reputed majority-owned subsidiary of Total SA, the French multinational oil & gas company, has taken the renewable energy industry by storm with the announcement of its solar panel supply ...

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Scotland chronicles a path-breaking renewable energy world record, maximizes its overall green energy production through wind turbines
Date: 2017-07-24   Author: Saipriya Iyer

Scotland has been immensely successful in developing an ample amount of energy through wind turbines in the first half of 2017. As per analysts, 1,039,001 MWh of electricity had been delivered to the National Grid in J...

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Merck, Pfizer, & Corning team up on a new packaging glass vial project, venture likely to bring about 4,000 high-tech jobs for Americans
Date: 2017-07-21   Author: Saipriya Iyer

The United States recently witnessed one of the biggest pacts in the pharmaceutical and glass market with the announcement of the strategic collaboration between pharmaceutical giants Merck and Pfizer with New York bas...

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China’s Cosco Shipping to get hold of Orient Overseas International for a staggering USD 6.3 billion
Date: 2017-07-20   Author: Pankaj Singh

The latest quantum leap witnessed by the competitive arena of the shipping industry is that of China’s Cosco Shipping taking over container carrier, Orient Overseas. According to experts, the acquisition is a par...

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Cargill has initiated a partnership extension with FareShare to advocate its commitment to sustainable nutrition
Date: 2017-07-18   Author: Pankaj Singh

The acclaimed American food & nutrition company, Cargill, Inc., has decided to expand its partnership with FareShare, the UK-based food redistribution firm, with a view to help the latter address food wastage in an...

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Global automotive giant Ford to shift its Focus car manufacturing base to China by the year 2019
Date: 2017-07-17   Author: Saipriya Iyer

Ford Motors, an established automobile manufacturer based in the U.S, has declared that it will import Focus vehicles from two of its production units based in China from the onset of 2019. Experts claim this move as a...

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EPSRC’s sizable endowment for an electric vehicle venture leads WMG to join hands with Jaguar Land Rover
Date: 2017-07-14   Author: Saipriya Iyer

Perpetually upholding its emblematic reputation of providing generous grants for research in sciences and engineering programs, the EPSRC (Engineering and Physical Sciences Research Council) has committed itself to yet...

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Volkswagen to discontinue the sale of its Touareg car brand in the U.S. from the year 2018
Date: 2017-07-13   Author: Saipriya Iyer

Volkswagen, a reputed German car manufacturer, has decided to stop the sale of Touareg cars, a mid-sized luxury crossover SUV in the U.S. after a long spell of declining revenue from the sales of these cars.  The ...

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Alibaba launches the Taobao Global U.S. Merchants Network and connect the US SMEs to 500 million costumers
Date: 2017-07-12   Author: Shikha Sinha

The Chinese mega e-commerce company, Alibaba Group Holding Ltd., has announced the launch of an online network to provide easier access to the small-scale US manufacturers for tapping into the Chinese market. The Taoba...

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Shire obtains preliminary injunction against Roche over emicizumab
Date: 2017-07-11   Author: Pankaj Singh

Renowned specialty biopharma giant Shire Plc, has been granted legal rights by the Hamburg court to injunct Swiss drug maker and arch rival Roche, regarding emicizumab, also called ACE910, the reputed hemophilia treatm...

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Volvo Cars to phase out conventional engines as it embraces electrification
Date: 2017-07-06   Author: Shikha Sinha

Volvo Cars has proclaimed that from 2019 onwards, every Volvo it launches will be either hybrid or solely battery-powered. This premium car maker company became the first mainstream automaker to mark the historic end o...

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European Union’s regulatory body EC puts a red signal on the Qualcomm-NXP semiconductors merger deal
Date: 2017-07-05   Author: Saipriya Iyer

In what seems to be one of the major breakthroughs of recent times, the European Commission has decided to halt the merger deal between NXP semiconductors and Qualcomm after the latter failed to furnish the necessary d...

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Broadcom-Brocade deal conditionally sanctioned by the FTC, commission draws up regulatory compliance to prevent potential breaches of competitive laws
Date: 2017-07-04   Author: Shikha Sinha

Broadcom’s acquisition of Brocade, a deal professed in November 2016 has finally won the U.S. antitrust approval post addressing FTC’s concerns claiming the USD 5.9 billion deal to be anticompetitive. The a...

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Germany breaks sustainability records, generates 35% electricity from renewables
Date: 2017-07-03   Author: Saipriya Iyer

Germany has raised the percentage of its overall electricity generation from renewable sources to 35% this year. As per the BEE renewable energy association, Germany had produced 33% of its electricity from renewables ...

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UPS strengthens commitment to sustainability, declares target of 25% renewable energy by 2025
Date: 2017-06-30   Author: Saipriya Iyer

United Parcel Service, the largest package delivery service company across the globe, has sworn to source almost 25% of its power consumption from renewable energy, by the year 2025. The supply chain management market ...

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BMW plans to consolidate vehicle equipment to make heavy investments in its R&D operations
Date: 2017-06-29   Author: Pankaj Singh

BMW, one of the oldest and most popular German automakers, has been undertaking crucial steps with a view to increase their research and development spending by 2019. The latest scoop points toward the direction of BMW...

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Medtronic PLC signs outcome based diabetes deal with Aetna for offering enhanced value based services
Date: 2017-06-28   Author: Saipriya Iyer

Medtronic Plc., the Dublin based medical device manufacturer, has recently announced an outcome based agreement with Aetna, the healthcare insurer, for patients suffering from type 1 and type 2 diabetes, who are curren...

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Bekaert joins forces with ArcelorMittal, agreement aims to seal a 62.4 million-dollar steel wire deal in Brazil
Date: 2017-06-27   Author: Saipriya Iyer

According to the latest buzz on the grapevine, esteemed steel magnate, ArcelorMittal, has collaborated with Bakaert, the accomplished technology leader in steel wire coatings and transformation, with regards to a steel w...

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The aftereffects of the Amazon-Whole Foods multi-billion-dollar deal - France’s Carrefour likely to be Amazon’s European target
Date: 2017-06-24   Author: Saipriya Iyer

Amazon, the super-imposing online retail market player, has signed an agreement to acquire Whole Foods Market Inc., the American supermarket chain that stocks foodstuffs that are completely devoid of colors, sweeteners...

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Nestle holds a major stake in the purchase of Freshly, the US-based ready meal delivery startup
Date: 2017-06-23   Author: Saipriya Iyer

Nestle is ready to hone its distribution network in the fast changing U.S. retail market with its announcement of acquiring a minority stake in the New York based ready meal start up, Freshly. The announcement of the d...

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Novartis achieves positive Phase III results for AMD, Eylea to face stiff competition ahead
Date: 2017-06-23   Author: Saipriya Iyer

Novartis, the renowned Switzerland-based pharmaceutical market player, has received data from two Phase III trials, namely, HAWK and HARRIER, that depict the optimum performance of its new VEGF-A inhibitor RTH258 (brol...

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Roquette expands its business horizon in pharmaceutical excipients market
Date: 2017-06-23   Author: Saipriya Iyer

Roquette, a global supplier of plant based innovative pharmaceutical ingredients has recently announced its strategic acquisition of the renowned Brazilian tablet maker, Itacel, which is essentially a subdivision of th...

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Clinical collaboration between Novartis and Bristol-Myers Squibb to target the emergence of new cancer therapies
Date: 2017-06-23   Author: Pankaj Singh

Novartis, a notable giant in the pharmaceutical market, has declared a strategic collaboration with the reputed American pharmaceutical firm, Bristol-Myers Squibb to carry out research activities on cancer treatment ou...

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Nestlé Waters to pour in USD 6 million investment to support the Closed Loop Fund
Date: 2017-06-23   Author: Shikha Sinha

In an effort to find a national solution to the “recycling gap” across the American sub-continent, Nestlé Waters North America has announced an investment of USD 6 million in the Closed Loop Fund....

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Dow Chemical Company to invest in Saudi Arabia for setting up a coatings and silicones unit
Date: 2017-06-22   Author: Shikha Sinha

Supporting Saudi’s Vision 2030, Dow Chemical Company has signed an agreement to develop a manufacturing unit in Saudi Arabia. This agreement is likely to provide the region with water-treatment applications and a w...

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Walmart to accelerate its growth in e-commerce to compete with Amazon
Date: 2017-06-22   Author: Shikha Sinha

Wal-Mart has been pushing hard to catch up with Amazon to sustain its position in the e-commerce battle among leading retailers. This American multinational retail corporation, headquartered in Bentonville, Arkansas, h...

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Volvo promises to bring sustainability in its new business models
Date: 2017-06-22   Author: Shikha Sinha

Volvo, a Swedish multinational manufacturing company, is now committed to roll out more safe, sustainable, and convenient cars on the road. In this regard, the company is upgrading its business model to support the UN ...

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Volkswagen refuses to let its final investigation report go public
Date: 2017-06-21   Author: Shikha Sinha

The German automotive giant, Volkswagen (VW) which has acquired 70% of the U.S. light-weight diesel car market, is now simmering in its own toxic juices for cheating on diesel emission tests. ...

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Unilever launches its sustainable packaging technology, commences by recycling used sachets to biodegradable ones
Date: 2017-06-21   Author: Shikha Sinha

Unilever, the consumer goods tycoon, has announced its latest technological move toward sustainable packaging. The technology will basically focus on the recycling of billions of sachets the company sells annually and ...

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Sinopec aims to bifold foreign investment, sets a target exceeding USD 30 billion
Date: 2017-06-21   Author: Saipriya Iyer

Sinopec Limited, renowned Chinese oil and gas company headquartered in Beijing, China, plans to increase invest more than USD 30 billion to expand its market overseas. The company, which is reportedly owned by the Chin...

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McClarin Plastics expands its business in Oklahoma, firm plans to increase the workforce base in Oklahoma City
Date: 2017-06-21   Author: Saipriya Iyer

McClarin Plastics, a pioneer of fiberglass reinforced, composite, and thermoformed plastics is all set to expand its business base in central and southwest region of U.S., with its recent investment in Oklahoma-based C...

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Germany produces more than 85% of energy from renewables, breaks global energy records
Date: 2017-06-20   Author: Saipriya Iyer

In what seems to be one of most spectacular, eye-popping scoops of recent times, Germany has produced more than 85% of its energy via renewable sources. While the country’s contribution to global renewable energy market is not unheard of, th...

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ExxonMobil to purchase one of the world’s biggest petrochemical-refining plant of the Jurong Aromatics Corporation
Date: 2017-06-20   Author: Saipriya Iyer

Jurong Aromatics Corporation, based in Singapore has signed an agreement with ExxonMobil that enables the latter to purchase Jurong’s petrochemical-refining plant by the second half of 2017. The acquisition of th...

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BASF and PI industries enter into a strategic collaboration that aims to change overall agrochemical market dynamics
Date: 2017-06-20   Author: Saipriya Iyer

BASF, a renowned name in the global chemical and agriculture market and PI Industries, a notable agrochemical company, have recently signed an agreement to create a strategic model that will offer effective crop protecti...

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BASF to serve as a Silver sponsor for FFA in 2017, chemical magnate’s alliance with FFA gets stronger
Date: 2017-06-20   Author: Saipriya Iyer

BASF SE, the largest chemical producer in the world, based in Germany, will reportedly serve as a Silver sponsor for FFA in 2017, thereby strengthening the 60-year-old partnership of BASF with the National FFA Organiza...

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Apple plans to invest USD 1 billion for the expansion of its data center in Nevada
Date: 2017-06-19   Author: Saipriya Iyer

Apple has recently announced its plan to make an investment of approximately USD 1 billion for expanding its huge data center situated to the east of Reno, in the state of Nevada. This announcement has come barely a we...

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The FDA issues warnings to 14 companies for marketing illegal cancer remedies
Date: 2017-06-19   Author: Saipriya Iyer

The Food and Drug Administration has notified 14 companies for illegally selling untested products as a viable treatment medication for cancer. Reliable sources state that 14 U.S. based companies have been found to man...

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Flipkart’s acquisition of Snapdeal awaits the final green signal from Nexus Venture Partners
Date: 2017-06-19   Author: Shikha Sinha

Snapdeal’s sale to Flipkart - the sensational acquisition which is still not through, has taken another interesting turn with Kalaari’s affirmation to the deal value set by Softbank. Softbank, the largest s...

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