Ryanair places an order for 25 additional 747 MAX jets with Boeing
Date: 2018-04-25   Author: Saipriya Iyer

Ryanair DAC, the Dublin headquartered low-cost airliner, has reportedly decided to purchase an additional of 25 Boeing 737 MAX jets valued at nearly USD 3 billion at list price. The deal would potentially increase its ...

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Amazon, Netflix tie up with studios to file litigation against Set TV
Date: 2018-04-24   Author: Saipriya Iyer

Amazon Inc., the globally reputed eCommerce magnate, and the U.S. based entertainment firm Netflix, have partnered with several Hollywood studios to sue rival Set TV’s streaming business. Some of the top names in...

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Azalea to provide access to PE investments for retail investors
Date: 2018-04-24   Author: Saipriya Iyer

Azalea Investment Management, a division of the Singapore based Temasek Holdings Private Limited, has apparently been attempting to provide access for private equity investors. Reports state that the access is likely t...

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Humana & PE firm consortium to buy Curo Health for $1.4 billion
Date: 2018-04-23   Author: Pankaj Singh

A consortium consisting of the notable U.S. health insurer Humana along with PE firms Welsh, Carson, Anderson & Stowe and TPG Capital announced that they have reached an agreement to acquire Curo Health Services, a...

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Bill 13 to ensure energy retailers attend to billing complaints pronto
Date: 2018-04-21   Author: Pankaj Singh

Under a new bill introduced in Alberta, Canada, electricity and gas retailers in the state will be liable to pay hefty fines if they fail to settle customer billing complaints. Bill 13 now gives the Alberta Utilities C...

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Aldi leads UK supermarket list for MSC labeled sustainable seafood
Date: 2018-04-19   Author: Saipriya Iyer

The Marine Stewardship Council (MSC) has apparently revealed that Aldi is far ahead of its business rivals in sustainable seafood service offerings for UK seafood consumers. For the record, Aldi’s seafood offerin...

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Russia requests Apple & Google to cut off Telegram from app stores
Date: 2018-04-18   Author: Saipriya Iyer

The Russian government has put in a formal request to tech giants Google and Apple Inc., to eliminate the encoding messaging services of Telegram from its app stores. Last week, the Russian court had given the verdict ...

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Porsche aims to set up 500 fast charging stations in the U.S. by 2019
Date: 2018-04-17   Author: Saipriya Iyer

The reputed German high-performance sports car manufacturer, Porsche, has apparently decided to introduce a supercharger-like network of fast charging stations at highway sites & dealerships in the U.S. Klaus Zellm...

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Alcheme Skincare culminates its initial round of seed funding
Date: 2018-04-16   Author: Saipriya Iyer

Alcheme Skincare, a reputed Singapore-based disruptive skincare company, has apparently declared the successful closure of the initial seed funding round. Major capital investments in this round have been brought forwa...

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Sarawak gov obtains dividends post investment in three MLNG plants
Date: 2018-04-15   Author: Saipriya Iyer

The government of Sarawak has reportedly received nearly MYR 20 billion in accumulated dividends after it made a substantial investment in three MLNG (Malaysia Liquefied Natural Gas) plants in Bintulu. The news has com...

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Razer launches digital game store on e-commerce portal Lazada
Date: 2018-04-14   Author: Saipriya Iyer

Razer Inc., a gaming hardware manufacturing firm, has introduced an online game store on the eCommerce web portal of Lazada Group on which its gaming hardware products & peripherals are currently being sold. Though...

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Acciona Energy to construct a 265 MW solar farm in Queensland
Date: 2018-04-13   Author: Saipriya Iyer

Acciona Energy, a division of Acciona, has acquired a USD 500 million contract for constructing a solar farm in Queensland. It has been speculated that the solar farm is likely to generate nearly 265 MW of power that w...

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Saint John Airport to be a part of a massive modernization program
Date: 2018-04-13   Author: Saipriya Iyer

The New Brunswick administration has made it public that the Saint John Airport will undergo renovation as a part of an airport modernization program, which is estimated to cost nearly USD 20 million. The authorities f...

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Aramco signs MoU with 3 Indian Oil firms to acquire 50% stake in RRPCL
Date: 2018-04-12   Author: Saipriya Iyer

Saudi Aramco, a leader in global oil production, has entered into a MoU (Memorandum of Understanding) with India’s three major oil marketers. The agreement, inclusive of Hindustan Petroleum Corporation, Indian Oi...

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WebAuthn gets approved as a standard protocol from W3C- FIDO alliance
Date: 2018-04-11   Author: Saipriya Iyer

The W3C and FIDO joint venture has reportedly revealed a new standard tool for strongly authenticating its websites and displacing the passwords. It is the first such initiative adopted by both the firms for standardiz...

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Apple Inc. loses a patent infringement lawsuit against VirnetX
Date: 2018-04-11   Author: Saipriya Iyer

A federal court in the state of Texas has reportedly asked Apple Inc. to pay nearly USD 502.6 million to patent troll VirnetX, for the infringement of its four patents associated with secure internet communications. Ac...

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Luye’s NHC buyout to fulfill the demand for cardiovascular treatment
Date: 2018-04-10   Author: Saipriya Iyer

Luye Medical Group Co., Ltd, a renowned Singapore-based hospital operator has scarcely made a major investment in the NHC (Novena Heart Centre). If reports are to be believed, the valuation of the signed agreement has ...

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Keppel signs a pact with KrisEnergy to upgrade its marine assets
Date: 2018-04-09   Author: Saipriya Iyer

Upstream oil & gas major KrisEnergy has signed a cooperation pact with Keppel Corporation, thereby appointing Keppel as its ideal contractor. Keppel, a major investor in KrisEnergy, had entered into a deal with Kri...

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Dialog signs MoU with Johor to invest in Pengerang Deepwater project
Date: 2018-04-08   Author: Pankaj Singh

Dialog Group Berhad, one of the integrated technical service providers to oil & gas and petrochemical industries, signed a memorandum of understanding with Johor government to invest RM 2.5 billion in phase three o...

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Fitters commences sale of renewable energy to Tenaga Nasional Bhd
Date: 2018-04-07   Author: Saipriya Iyer

Ezion Holdings, a Singapore based firm operating across oil & gas business, is predicted to raise nearly S$50 million through the issuing of shares to its strategic shareholder Temasek Holdings. According to authen...

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Shell decides to sell its entire stake in Gaza Marine Gas field
Date: 2018-04-06   Author: Saipriya Iyer

Royal Shell, an established oil & gas firm, has entered into a deal with the PIF (Palestine Investment Fund) to sell its total share in the Gaza Marine gas facility, offshore Palestine, to a local investment firm. ...

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Alibaba in initial stages of planning to fund ridesharing firm Grab
Date: 2018-04-06   Author: Saipriya Iyer

Alibaba, the Chinese eCommerce firm, may reportedly invest in Grab, a ride-sharing firm based in Singapore. Last year, these two firms had actually been discussing about the investments, however, the talks failed to ma...

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Amazon gears up to establish a new distribution unit in Las Vegas
Date: 2018-04-05   Author: Saipriya Iyer

Amazon Inc., the reputed eCommerce giant, has announced that it plans to construct yet another warehouse packaging & distribution unit in Las Vegas, Nevada. Incidentally, the establishment will be inaugurated in 20...

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Ford Escape receives a dismal rating in IIHS’s passenger safety trials
Date: 2018-04-05   Author: Saipriya Iyer

Ford Escape SUV, a reputed car model of the Ford Motor Company, has been rated as “poor” by the Insurance Institute for Highway Safety (IIHS) in its new passenger side front crash test results. The new mode...

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Energy management firm SensorFlow raises S$750K led by Cocoon Capital
Date: 2018-04-04   Author: Saipriya Iyer

A Singapore based energy management company, SensorFlow, has reportedly raised funds worth USD 573K (S$750K) from prominent investors such as Cocoon capital, SG Innovate, and SparkLabs via its initial fundraising round...

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Walmart may be planning to acquire pharmacy startup PillPack
Date: 2018-04-03   Author: Saipriya Iyer

Walmart Inc., the globally reputed brand across the supply chain market, is discussing a purchase deal with PillPack, a pharmacy startup firm sorting medicine by dosage & delivering it to the consumer’s doors...

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Alibaba Group plans to acquire a complete ownership of Ele.me
Date: 2018-04-02   Author: Saipriya Iyer

Alibaba Group Holding Limited, a China-based eCommerce firm, has announced that it will purchase the remaining stake of Ele.me, a platform in China providing online food delivery services to its customers. Alibaba&rsqu...

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Under Armour reveals data breach of 150 million MyFitnessPal accounts
Date: 2018-04-01   Author: Shikha Sinha

Unveiling one of the biggest hacks in the history, Under Armour, a renowned sportswear manufacturer, recently announced that some 150 million MyFitnessPal users have been hacked in a serious data breach. According to a...

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Arkansas’ attorney files litigation against opioid drug manufacturers
Date: 2018-03-31   Author: Saipriya Iyer

In what may seem to be a jolt to the opioid drug manufacturing firms across the U.S., Arkansas’ attorney general has filed a legal suit against Johnson & Johnson, Endo International Plc, and Purdue Pharma LP....

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NHS England bans prescription for certain over-counter medications
Date: 2018-03-30   Author: Pankaj Singh

The NHS England Board has decided to restrict the prescription for over-the-counter medicines that are generally advised for short-term health conditions. As per the new guidelines, products such as eye drops, cough mi...

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VW plans to purchase back diesel vehicles affected by Germany ban
Date: 2018-03-30   Author: Pankaj Singh

The renowned automaker, Volkswagen is planning to buy back new diesel cars – or almost new diesel cars affected by the recent decision of German court to ban diesel car to curb pollution. Reports cite that most o...

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Google loses copyright lawsuit against Oracle over open-source s/w
Date: 2018-03-29   Author: Saipriya Iyer

The ongoing legal battle between tech giants Google and Oracle seems to have finally reached fruition this week. The U.S. appeals court has given its decision in favor of Oracle that had incidentally sued Google over t...

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Intercom attains Unicorn status with USD 125 million funding
Date: 2018-03-28   Author: Saipriya Iyer

Intercom, a U.S. based technology firm, has reportedly raised funds worth USD 125 million with the objective of investing the same in shipping new products and enhancing its already existing product portfolio. Venture ...

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Avaya makes its cloud UC services available in NZ via Pyrios deal
Date: 2018-03-27   Author: Saipriya Iyer

Avaya, a U.S. based tech firm, is likely to provide unified communications & contact center solutions in NZ by collaborating with Pyrios, a communications tech specialist firm. According to the CEO of Pyrios, Robyn...

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ObvioHealth raises $3 million to facilitate mobile clinical trials
Date: 2018-03-25   Author: Pankaj Singh

ObvioHealth, one of the notable “site-less” clinical trial companies of Singapore, recently announced raising $3 million in a Series A funding round. Reportedly, the financing will help the firm in supporti...

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GSK’s Juluca gets European Medicines Agency approval for HIV therapy
Date: 2018-03-24   Author: Saipriya Iyer

European Medicines Agency, an EU authority that evaluates medicinal products, has approved GlaxoSmithKline’s two-drug treatment for HIV (human immunodeficiency virus), that causes AIDS (Acquired Immune Deficiency...

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ENGIE invest S$80mn to develop district cooling projects in Singapore
Date: 2018-03-23   Author: Saipriya Iyer

ENGIE, a reputed French electric utility firm, has apparently decided to offer funds worth S$80 million for developing an innovation unit in Singapore within a span of five years. The strategic move is aimed at bringin...

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BlackBerry & Jaguar enter a pact to jointly work on autonomous cars
Date: 2018-03-22   Author: Saipriya Iyer

BlackBerry Limited, the reputed Canada based firm specializing in enterprise software & IoT, has signed a multi-year partnership agreement with Jaguar Land Rover Limited, a subsidiary of Tata Motors, to develop sof...

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Alibaba prioritizes SEA expansion, pours in USD 2bn more in Lazada
Date: 2018-03-19   Author: Saipriya Iyer

Alibaba Group Holding Limited, a Chinese eCommerce & retail firm, is expected to provide an additional investment worth USD 2 billion to Lazada Group SA, an eCommerce firm headquartered in Singapore.  Incident...

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Grofers secures USD 61.6 million in funding round led by SoftBank
Date: 2018-03-18   Author: Saipriya Iyer

Grofers, an India-based online grocery delivery service, has received funds worth USD 61.6 million from SoftBank Group via its initial fund-raising round. Incidentally, the round also witnessed the participation of Apo...

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Mayne Pharma Group launches a generic alternative to Monodox in U.S.
Date: 2018-03-17   Author: Pankaj Singh

Mayne Pharma Group, the Australia-headquartered drug delivery conglomerate, has recently announced the launch of doxycycline monohydrate IR capsules in the United States. Reportedly, the scarcely launched drug is a gen...

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Top Glove enters USD 310 million loan pact to purchase Aspion
Date: 2018-03-16   Author: Saipriya Iyer

Top Glove Corporation Berhad, a reputed Malaysian firm manufacturing rubber gloves, has signed an agreement for getting a syndicated loan, estimated at USD 310 million, with a group of eight banks. According to the com...

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Lyft & Magna team up to speed up self-driving vehicle development
Date: 2018-03-15   Author: Saipriya Iyer

Lyft, an on-demand transportation firm headquartered in the U.S., is forming an alliance with Magna International Inc., a Canada based automotive component supplier, to develop autonomous cars. Industry analysts believ...

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MSU & Ben-Gurion team up on sustainable water preservation solutions
Date: 2018-03-14   Author: Saipriya Iyer

The Midlands State University (MSU), a government owned university in Zimbabwe, has formed an alliance with Ben-Gurion University of the Negev, a public research university based in Israel. The agreement is apparently ...

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Sprim & Tikehau contribute $50mn toward medtech & life science sectors
Date: 2018-03-13   Author: Saipriya Iyer

Tikehau Capital, a private equity firm headquartered in France, has scarcely formed an association with Sprim Ventures, an investor in early stage health solutions. The alliance aims to introduce a USD 50 million early...

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Keppel Corp signs a deal with AWILCO to build semi-submersible rig
Date: 2018-03-12   Author: Saipriya Iyer

Keppel Offshore & Marine has apparently been awarded a contract of USD 425 million from AWILCO Drilling Plc to build a midwater, semi-submersible harsh-environment drilling rig. Allegedly, under the agreement, the ...

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Cybersecurity magnate McAfee acquires VPN company TunnelBear
Date: 2018-03-11   Author: Pankaj Singh

McAfee, one of the reputed cybersecurity giants, has recently acquired TunnelBear, a consumer VPN company for an undisclosed amount. The acquisition of TunnelBear will align McAfee’s vision of protecting customer...

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Lidl commits on curtailing plastic waste by eliminating reusable bags
Date: 2018-03-10   Author: Saipriya Iyer

In response to the rising crisis of plastic waste in UK, Lidl has apparently promised to bringdown reusable plastic bags in the nation. The German discount supermarket retailer, this Friday, has made it to the headline...

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Grab’s latest shared bike app paves way into Singapore market
Date: 2018-03-09   Author: Saipriya Iyer

Ride-hailing giant Grab is apparently venturing into the personal mobility device space with the launch of its latest mobile app. Dubbed as GrabCycle, this new mobile app would give users the access to shared e-scooter...

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FDA gives a ‘go-ahead’ for Made-in-China HIV drug Trogarzo
Date: 2018-03-08   Author: Saipriya Iyer

The U.S. Food and Drug Administration has apparently given a green signal for the use of Trogarzo, a drug used in alternative HIV therapy for adult patients. Also referred to as Ibalizumab-uiyk, this drug has been deve...

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Toyota plans to stop diesel-powered car sales in Ireland from 2019
Date: 2018-03-07   Author: Saipriya Iyer

Toyota Motor Corporation has reportedly become the first automotive firm to discontinue the manufacturing of passenger cars powered by diesel. Beginning 2019 onwards, claim company sources, the automaker will not be se...

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Scientists develop a tremor suppression glove for Parkinson’s patients
Date: 2018-03-06   Author: Saipriya Iyer

In a major breakthrough witnessed across the healthcare industry, researchers from the Western University have successfully created a functional model of a new 3D printed tremor suppression glove. Apparently, this kind...

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MHIEC to renovate Tachibana Waste-to-Energy unit in Takatsu district
Date: 2018-03-05   Author: Saipriya Iyer

The Kawasaki City has apparently put in a request to the MHEIC with regards to its current unit of waste to energy (WtE) unit. Mitsubishi Heavy Industries Environmental & Chemical Engineering Company Limited (MHIEC...

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Intermountain Healthcare sets up its first virtual hospital in Utah
Date: 2018-03-04   Author: Pankaj Singh

Intermountain Healthcare, a nonprofit organization renowned for dealing with telemedicine for the past five years, has recently made it to the headlines for establishing Connect Care Pro, its first virtual hospital....

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Irish payroll software company Payslip receives capital worth €1m
Date: 2018-03-02   Author: Pankaj Singh

One of the most prominent financial technology companies, Payslip, based in County Mayo, Ireland, has received a funding of €1 million from several notable investors. This startup company supplies software solutio...

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Alibaba & NTU collaborate to conduct AI research in Singapore
Date: 2018-03-01   Author: Saipriya Iyer

Globally renowned Chinese eCommerce firm Alibaba, has reportedly launched its first joint research program in Singapore in association with the Nanyang Technological University (NTU). According to reliable sources, Ali...

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INPEX buys out Abu Dhabi offshore oil share for USD 600 million
Date: 2018-02-28   Author: Saipriya Iyer

INPEX Corporation, a Japanese firm involved in oil exploration & production, has reportedly secured the development rights for a 10% ownership in Lower Zakum offshore oil field at USD 600 million. According to reli...

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Lawson obtains $4.4mn for adverse drug reaction prevention program
Date: 2018-02-27   Author: Saipriya Iyer

Lawson Health Research Institute, a London-headquartered hospital-based research institute, is likely to receive USD 4.4 million in the form of investments for conducting research on preventing adverse drug reactions. ...

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MCL plans major investment in multiple sclerosis research program
Date: 2018-02-26   Author: Saipriya Iyer

Medical Cannabis Limited (MCL), a division of Queensland Bauxite Limited, has reportedly decided to fund a research program dealing with the deployment of the medical cannabis therapy for multiple sclerosis. It has bee...

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Hikurangi to export medical marijuana worth USD 160mn to Rhizo
Date: 2018-02-26   Author: Saipriya Iyer

Hikurangi Cannabis, a New Zealand based medical cannabis firm, has signed a conditional offer worth USD 160 million with Rhizo Sciences, a cannabis brokerage firm headquartered in Seattle, for manufacturing 3,000 kg me...

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GM to extend cutback in vehicle production at Oshawa plant, Canada
Date: 2018-02-23   Author: Shikha Sinha

Renowned automotive industry giant General Motors has recently announced that it will be extending its cutback in the car production at its Oshawa plant located at Ontario, Canada. Reportedly, the extension of the sing...

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SaskPower to deploy smart meters for additional 7500 customers
Date: 2018-02-22   Author: Saipriya Iyer

SaskPower, a major power utility firm in the Saskatchewan province of Canada, has decided to install 7,500 more smart meters in the region after completing the pilot installation. These smart meters are projected to be...

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Red Dot Power plans to build 50 EV charging stations by 2019
Date: 2018-02-19   Author: Shikha Sinha

Red Dot Power, the Singapore-based electricity retailer has recently announced that it will be investing around SGD 500,000 to install 50 electric vehicles charging stations in the nation by 2019. Reportedly, the firm wo...

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Greencoat Renewables to purchase yet another wind farm in Ireland
Date: 2018-02-17   Author: Saipriya Iyer

Greencoat Renewables PLC, an Ireland based renewable-infrastructure firm, has decided to acquire Lisdowney, a 9.2 MW wind farm based in Co Kilkenny, for EUR 22.5 million. According to the ...

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Nokia to opt between a sale or shut-down for its digital health unit
Date: 2018-02-16   Author: Saipriya Iyer

In a major turn of events witnessed across the digital health industry, Nokia has declared to have begun evaluating various alternatives for its online health activities. The firm’s decision apparently comes as a...

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Cancer Research UK CTU gets £4.5mn for pancreatic cancer research
Date: 2018-02-15   Author: Saipriya Iyer

The Cancer Research UK, a charitable organization in the UK focusing on cancer research & healthcare, has offered funds worth £4.5 million for the Cancer Research UK Clinical Trials Unit (CTU) in Scotland aft...

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InfraCo Asia & Sunseap collaborate to build solar project in Vietnam
Date: 2018-02-14   Author: Saipriya Iyer

InfraCo Asia Development Private Limited, a firm developing infrastructure projects in the developing regions of Southeast Asia, and Sunseap International, the global division of Singapore based Sunseap Group, have rep...

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JD.com to establish branch in Australia for ANZ eCommerce expansion
Date: 2018-02-09   Author: Saipriya Iyer

JD.com, one of the most renowned eCommerce firms based in China, has decided to set up an office in Australia to speed up its growth across the ANZ region. Reportedly, the firm’s new headquarters in the Australia...

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MAHB signs several partnership deals to make Subang an aviation hub
Date: 2018-02-08   Author: Saipriya Iyer

The Singapore Airshow 2018 has apparently witnessed MAHB (Malaysia Airports Holdings Bhd) inking numerous joint venture agreements as well as MoUs in order to transform Subang into an aerospace & aviation center. Acc...

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Alabama files legal case against opioid manufacturer Purdue Pharma
Date: 2018-02-07   Author: Saipriya Iyer

In what may seem to be a major jolt to the opioid manufacturing companies in the U.S., Alabama Attorney General Steve Marshall has filed a litigation in the Montgomery court against Purdue Pharma L.P., a pharmaceutical...

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SSE commences discussions with CMA over proposed Npower merger
Date: 2018-01-31   Author: Saipriya Iyer

SSE plc, a Scottish energy firm, reportedly, may commence talks with the Competition and Market Authority (CMA) about the proposed merger of its household supply business with Npower Limited. Sources state that the dea...

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South Korea to implement new poultry farm laws to curb avian flu
Date: 2018-01-29   Author: Saipriya Iyer

Amidst the major fluctuations witnessed across the poultry sector in South Korea, another seemingly interesting revelation has been reported to have cropped up. The regional government authorities have made poultry san...

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Sinopec crude oil production exceeds 100-million-ton milestone
Date: 2018-01-28   Author: Pankaj Singh

The Sinopec Northwest Oilfield has reportedly become China’s first crude oil producing marine carbonate reservoir that has reached a target of 100 million tons of crude oil production. For the record, the Northwe...

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SPH and Samsung team up to cooperate on marketing initiatives
Date: 2018-01-26   Author: Saipriya Iyer

Singapore Press Holdings, the renowned media organization, has recently inked a deal with the tech giant Samsung Electronics, to help each other’s merchandizing and technology initiatives. As per reports, this stra...

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PA Resources bags RM600 mn contract to supply materials to First Solar
Date: 2018-01-26   Author: Pankaj Singh

Malaysia based PA Resources Berhad has been reported to have bagged a contract worth RM600 million to supply materials to two of the units of the US-based and Nasdaq enlisted First Solar Inc., namely, First Solar Malay...

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Cairn Energy sees huge crude oil E&P opportunity across the North Sea
Date: 2018-01-25   Author: Saipriya Iyer

Cairn Energy PLC, a renowned Europe-based firm in oil & gas exploration business, is reportedly expecting a daily production of nearly 20,000 barrels of crude oil this year from the North Sea oil fields. Sources sa...

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ADM launches a customer innovation unit at Biopolis in Singapore
Date: 2018-01-24   Author: Saipriya Iyer

Archer Daniels Midland (ADM), a U.S. based food processing & commodities trading company, has reportedly inaugurated a customer innovation center at the Biopolis research hub in Singapore. As per sources, the new f...

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Vice Canada and Rogers Media to terminate Joint Venture
Date: 2018-01-23   Author: Saipriya Iyer

In a key twist of activities observed across the studio business, Vice Canada and Rogers Media have declared the end of their two-year old USD 100 million partnership which was forged in 2016. According to reliable sou...

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Ocado partners with Sobeys, penetrates Canada online grocery market
Date: 2018-01-22   Author: Pankaj Singh

With the success of its debut international deal with Sobeys, the Canadian retailer, Ocado, the UK based online supermarket giant has established its first venture in North America. Ocado cleared that through this stra...

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Google and Tencent sign patent-licensing agreement to share patents
Date: 2018-01-19   Author: Saipriya Iyer

Continuing its efforts to rebuild its presence in China, Alphabet Inc.’s Google has signed a patent- licensing agreement with the nation’s largest corporation, Tencent Holdings Limited for sharing copyright...

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Aetna to pay USD 17 million to customers over HIV privacy disclosure
Date: 2018-01-18   Author: Saipriya Iyer

In a key event witnessed across the health insurance sector, Aetna Inc., a U.S. based healthcare insurance firm, has decided to pay USD 17.2 million as a part of settlement for class-action litigation filed by its cust...

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PEMEX chose Mitsui as its partner to complete Tula plant construction
Date: 2018-01-18   Author: Saipriya Iyer

Petroleos Mexicanos, a petroleum company owned by the government of Mexico, has chosen Mitsui, a Japanese firm, as its partner for carrying out the coking plant operations of one of its biggest refinery in Mexico. A ke...

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Lego-Tencent deal to develop safe online games for Chinese children
Date: 2018-01-16   Author: Saipriya Iyer

The Lego Group, a renowned toy manufacturer based in Denmark, has formed a strategic alliance with Tencent Holdings Limited, one of big shots across the mobile gaming & video streaming sector, to jointly manufactur...

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China to launch debut crude oil futures contract by March 2018
Date: 2018-01-15   Author: Saipriya Iyer

In a major breakthrough witnessed across the crude oil sector, reports have claimed that China is expected to enter its first crude oil futures deal after 23rd February 2018. It has been anticipated that the...

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Telstra advances its IoT portfolio with the launch of Narrowband
Date: 2018-01-12   Author: Pankaj Singh

Australian telecommunication and media company, Telstra has developed a new IoT assisted technology, titled Narrowband, which is likely to help a large number of devices share data with less power. In fact, it has deve...

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T-Mobile declares new BOGO & other smartphone offers for users
Date: 2018-01-11   Author: Saipriya Iyer

T-Mobile, a Germany based player across the telecommunications sector, has reportedly announced a slew of lucrative deals, one of the prime ones being, the ‘buy one, get one’ promo for its smartphones. As p...

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Toronto-Dominion Bank to purchase AI startup firm Layer 6 AI
Date: 2018-01-10   Author: Saipriya Iyer

Toronto-Dominion (TD) Bank, a banking & financial services corporation based in Canada, is set to buy Layer 6 AI, a Canadian artificial intelligence startup firm, for an undisclosed figure. According to reliable so...

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India defends its solar energy policy against US’s legal suit at WTO
Date: 2018-01-09   Author: Saipriya Iyer

India has apparently depicted a strong reaction to the U.S. administration’s recent criticism of the country’s solar power policies. According to reliable sources, in December 2017, the U.S. authorities had...

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EPA gives the nod to Central Australia based Arafura’s Nolans Project
Date: 2018-01-07   Author: Saipriya Iyer

After years of dealing with the strenuous assessment process, the Central Australia based rare earth mine project has apparently received an approval by the Northern Territory EPA (Environment Protection Authority). De...

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U.S. halts Alibaba affiliate Ant Financial’s bid to acquire MoneyGram
Date: 2018-01-05   Author: Pankaj Singh

U.S. officials have apparently rejected a USD 1.2 bn deal of Chinese electronic payment company, Ant Financial to acquire the U.S. based money transfer company MoneyGram. This would have been one of the major business ...

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Sanofi to comply with Philippines FDA post Dengvaxia clearance delay
Date: 2018-01-05   Author: Shikha Sinha

In what may be regarded as a severe blow to the French pharmaceutical giant Sanofi’s expansion plans in South East Asia, the Food and Drug Administration of Philippines has reportedly suspended clearance for the ...

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NIIT buys out Eagle Productivity Solutions for USD 8.1 million
Date: 2018-01-04   Author: Saipriya Iyer

NIIT Limited, a major Indian firm offering computer training & learning management courses to firms, individuals, and institutes, has reportedly purchased Eagle International Institute Incorporation, a professional...

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Northeast U.S. states file a case against EPA over pollution
Date: 2018-01-04   Author: Saipriya Iyer

Eight states of the U.S., including Delaware and Pennsylvania, have reportedly filed a legal suit against the EPA (Environmental Protection Agency) over ozone pollution. Reliable sources have stated that these Northeas...

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WHO includes gaming disorder as a mental ailment in its beta charter
Date: 2017-12-29   Author: Saipriya Iyer

The World Health Organization (WHO) has apparently included gaming disorder in its list of mental health disorders, which is expected to be released in May next year during the eleventh update of the international clas...

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Apple likely to unveil its first retail store in Saudi Arabia by 2019
Date: 2017-12-29   Author: Shikha Sinha

In a bid to establish a direct presence and expand its foothold in the Middle East region, the U.S. tech behemoth Apple has been reportedly in licensing talks with Saudi Arabia to launch its first store in the Gulf Kin...

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China’s Geely expands beyond the home turf, buys stake in AB Volvo
Date: 2017-12-28   Author: Shikha Sinha

Zhejiang Geely Holding Group, the renowned Chinese company that bought Volvo Cars in 2010, has recently announced that it has agreed to acquire a stake in the Swedish bus & truckmaker Volvo AB, from activist invest...

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India to outpace China globally as the largest importer of LPG
Date: 2017-12-28   Author: Saipriya Iyer

India is reportedly anticipated to become the world’s biggest LPG importer by the end of this month, comfortably exceeding Chinese LPG imports amounting to nearly 2.3 million tons. According to authentic sources,...

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Wesfarmers enters a deal with Coronado to sell Curragh coal mine
Date: 2017-12-27   Author: Saipriya Iyer

In a major breakthrough witnessed across the coal mining sector, Wesfarmers Limited, an Australian firm in the retail, fertilizers, and coal mining business, is anticipated to sell Curragh coal mine to Coronado Coal Gr...

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US to revise offshore safety rules to promote more drilling activities
Date: 2017-12-26   Author: Shikha Sinha

Touted to be one of the most debatable move under the Trump administration, the Bureau of Safety and Environmental Enforcement (BSEE) is considering easing offshore oil and natural gas safety regulations that were put ...

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Boeing in discussions over acquisition of jet manufacturer Embraer
Date: 2017-12-22   Author: Saipriya Iyer

The Boeing Company, a U.S. based firm manufacturing & selling airplanes, has grabbed headlines this week for its proposed takeover of a key jet maker. Reportedly, Boeing is amidst serious discussions to acqui...

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