Top-league consortium to finance Australia’s largest wind farm
Date: 2017-12-21   Author: Saipriya Iyer

Telstra, Coca-Cola Amatil, Melbourne University, and the Australia & New Zealand Banking Group (ANZ) are reportedly expected to buy out the energy generated from the Murra Warra wind farm in Australia. The strategi...

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FDA gives green signal to Luxturna for genetic blindness treatment
Date: 2017-12-20   Author: Saipriya Iyer

In a major breakthrough witnessed across the healthcare sector, the U.S. Food and Drug Administration (FDA) approved Luxturna, a kind of gene therapy to treat a rare genetic eye disease caused due to gene mutation, dev...

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Toyota to develop a fully-electrified vehicle range by 2025
Date: 2017-12-19   Author: Saipriya Iyer

Toyota Motor Corporation, a reputed Japanese automotive company, is reportedly planning to convert its entire lineup of gasoline-powered vehicles into electrified ones over the forthcoming eight years. The company appa...

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Aerion & Lockheed join hands to build first supersonic passenger jet
Date: 2017-12-18   Author: Saipriya Iyer

In a key turn of events witnessed across the aerospace sector, Aerion Corporation, a U.S. based airplane manufacturer, and Lockheed Martin have collaboratively decided to form a strategic alliance to build the world&rs...

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Office for Nuclear Regulation sanctions new nuclear reactor design
Date: 2017-12-15   Author: Pankaj Singh

The Office for Nuclear Regulation has taken a major step toward building a nuclear power station in Wales by approving Hitachi’s reactor design for Horizon Nuclear Power’s plant at Wylfa. For the record, th...

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Target’s takeover of Shipt to pose challenges to Amazon & Walmart
Date: 2017-12-14   Author: Saipriya Iyer

Target Inc., the second largest discount store retailer across the U.S., has reportedly purchased Shipt Inc., an online grocery delivery service store, for a valuation of USD 550 million to speed up its same day delive...

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Bombardier Transportation inks deal to supply Aventra Trains to UK
Date: 2017-12-13   Author: Saipriya Iyer

Bombardier Transportation, a rail equipment division of the Bombardier Inc. based in Canada, has entered into an agreement with a UK rail firm to supply nearly 333 of its rail cars to the latter for USD 724 million. Ac...

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Sanofi’s first short-acting insulin, Admelog receives FDA approval
Date: 2017-12-12   Author: Pankaj Singh

The U.S. FDA has approved first short-acting insulin, Admelog to control increasing risk associated with diabetes. After several clinical trials on Admelog from September 2017, FDA has now granted the final approval to...

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Mineral Resources places the highest bid worth $484mn to acquire AWE
Date: 2017-12-11   Author: Pankaj Singh

The Australian mining company, Mineral Resources has placed a bid of USD 484 million on the AWE gas company. Apparently, this is the third takeover bid placed in the last two months by major firms to acquire the Austra...

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CPPIB acquires major stake worth around USD 248 million in GHKLP
Date: 2017-12-08   Author: Saipriya Iyer

The logistics & real estate sector in Hong Kong may have just witnessed a rather remunerative step toward its development. As per sources, the Canada Pension Plan Investment Board (CPPIB) made an investment of near...

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Oath Inc. files a litigation against Mozilla for agreement breach
Date: 2017-12-07   Author: Saipriya Iyer

Oath Inc., the parent firm of Yahoo, has reportedly filed a legal suit against Mozilla Firefox citing that the firm had violated a long-term deal with the former, through the replacement of Yahoo as a default search en...

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ACCC drags GSK & Novartis to federal court over false product claims
Date: 2017-12-07   Author: Saipriya Iyer

In what may seem to be a major jolt to the pharmaceutical sector, the Australian Competition and Consumer Commission (ACCC) has filed a legal suit against GlaxoSmithKline and Novartis in the Federal Court of Australia ...

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Airlines ban smart suitcases installed with non-removable batteries
Date: 2017-12-06   Author: Saipriya Iyer

In a strategic move witnessed across the aviation sector, American Airlines has prohibited passengers to a carry battery-powered smart luggage that does not have the facility of removing batteries. The airline declared...

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JAL invests $10mn in Boom to enhance in-flight passenger experience
Date: 2017-12-05   Author: Saipriya Iyer

Japan Airlines Company Limited (JAL), reportedly the second biggest passenger flight provider in the country, is expected to invest nearly USD 10 million in Boom Supersonic Inc. As per reliable sources, the funding is ...

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Sanofi’s profits to dip as its dengue vaccine faces dire criticism
Date: 2017-11-30   Author: Saipriya Iyer

In a turning tide of the events, the use of Sanofi’s new vaccine for dengue has been severely restricted, owing to the evidence that it can lead to further deterioration in patients who have not been infected wit...

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Rolls-Royce, Siemens, and Airbus to build hybrid electric engine
Date: 2017-11-29   Author: Saipriya Iyer

This week witnessed what can be called as one of the most striking deals in recent times, as Siemens, Airbus, and Rolls-Royce, three highly distinguished names, joined forces to develop a hybrid electric engine. The move...

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Microsoft & SAP to deploy one another’s cloud computing solutions
Date: 2017-11-28   Author: Saipriya Iyer

SAP Software & Solutions and Microsoft Corporation have reportedly decided to increase the use of each other’s cloud-based products after integrating SAP HANA enterprise cloud system with the Microsoft Azure,...

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South32 spins off its major South African coal operations to hit JSE
Date: 2017-11-27   Author: Shikha Sinha

In a bid to ensure its ongoing sustainability and improve its operational competitiveness, South32, an Australian mining and metal company has recently unveiled its plans to separate its South African coal operations. ...

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H2 Biopharma buyout by Aurora Cannabis finalized at USD 25 million
Date: 2017-11-24   Author: Saipriya Iyer

Aurora Cannabis Incorporation, a Canada based medical marijuana producer, has reportedly declared that it is all set to acquire the reputed Quebec based late phase ACMPR applicant, H2 Biopharma Incorporation, through a...

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Aussie resellers to pay USD 200K to Microsoft as copyright damages
Date: 2017-11-23   Author: Saipriya Iyer

In a major turn of the events witnessed across the software industry, Microsoft Inc. has signed an agreement with four Australian vendors, who sold the company’s unlicensed software products. Be Baffled, one of t...

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Ford to join hands with Mahindra for electric vehicle production
Date: 2017-11-22   Author: Saipriya Iyer

The Ford Motor Company, a U.S. based automobile manufacturer, and its Indian counterpart Mahindra & Mahindra Limited are likely to manufacture their own electric cars in India to reduce road pollution occurring due...

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U.S. DOJ to halt AT&T’s bid to acquire mass media firm, Time Warner
Date: 2017-11-21   Author: Saipriya Iyer

In a major turn of the events witnessed across the telecom sector, the U.S. department of justice (DOJ) has filed a legal suit to halt Time Warner’s acquisition by AT&T, citing the reason that the merger will...

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Banks in Hong Kong close accounts of many Bitcoin firms
Date: 2017-11-20   Author: Saipriya Iyer

In a major breakthrough witnessed across the banking sector, financial institutions in Hong Kong have frozen the accounts of bitcoin firms, compelling the organizations to open accounts in the foreign banks. Reportedly...

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Limerick secures GBP 85 million from EIB toward urban development
Date: 2017-11-17   Author: Shikha Sinha

The EIB (European Investment Bank) has recently signed off a record loan worth GBP 85 million for the Limerick city. Reportedly, the bank is likely to provide funds to the city and County Councils to transform the 1.68...

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HSBC settles French money laundering tax fraud case for EUR 300 million
Date: 2017-11-16   Author: Saipriya Iyer

HSBC Private Bank, the Swiss subsidiary of the British giant, has apparently reached an agreement with the French Government to circumvent a trial for money laundering tax fraud. Reportedly, the banking mammoth has agr...

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Geely purchases Terrafugia, plans to launch flying cars by 2019
Date: 2017-11-15   Author: Pankaj Singh

Flying fleets apparently may very well commence on the open roads by 2019, as it is reported that Volvo’s parent company, Geely Auto, has finalized the acquisition of Terrafugia, a next-generation startup company...

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AT&T & Verizon enter tower agreement to eliminate oligopoly
Date: 2017-11-14   Author: Saipriya Iyer

AT&T Incorporation and Verizon Communications Inc. have signed a pact with Tillman Infrastructure, operator of smart cities infrastructure and towers, that will help the firms lease many of the new cell towers from...

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NY governor signs bill, sanctioning medical marijuana use for PTSD
Date: 2017-11-13   Author: Saipriya Iyer

In a series of prominent developments witnessed in New York, the governor of the state has scarcely signed a law that appends post-traumatic stress disorder (PSTD) to the list of the diseases that can be treated with med...

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Ford-Ekso Bionics exoskeleton proposition to enhance workers’ safety
Date: 2017-11-10   Author: Shikha Sinha

Ford Motor Company, the U.S. second largest automaker, in a bid to enhance employee safety and productivity, this Thursday, unveiled its move of incorporating mechanical exoskeletons to lower workers’ injury rate...

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EU’s vehicle emission propositions to boost electric vehicles sales
Date: 2017-11-09   Author: Shikha Sinha

While speaking on the mobility and climate change package at a news conference held on Wednesday, European Commission, the executive body of the European Union, proposed stricter car emission targets to boost the roll-...

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Uber-NASA to launch flying taxis in Los Angeles by 2020
Date: 2017-11-09   Author: Shikha Sinha

After announcing its resolve to establish an on-demand flying taxi service last year, the U.S. based ride-hailing giant, Uber, has now revealed its partnership with NASA to collaborate in building of an unmanned traffi...

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Fox-Disney deal may pose challenges to other media giants
Date: 2017-11-08   Author: Pankaj Singh

The globally reputed Manhattan-based multinational mass media corporation, 21st Century Fox has been in talks with Walt Disney Co., to sell most of its media assets excluding Fox news and sports. It is uncle...

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Supreme Court orders Samsung to pay USD 120 million to Apple
Date: 2017-11-07   Author: Pankaj Singh

After years of combing through strenuous legal battles, Apple has finally won the judiciary case against Samsung. On Monday, the U.S. Supreme Court declined Samsung’s appeals of lower court ruling and another lon...

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Broadcom likely to unveil an unsought proposal to take over Qualcomm
Date: 2017-11-06   Author: Shikha Sinha

After an unsuccessful acquisition attempt last year, the leading producer of digital and analog semiconductors, Broadcom, in a renewed bid, is reportedly drafting a fresh proposal to acquire the leading chipmaker, Qual...

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Qualcomm files fresh lawsuit in San Diego court to sue Apple
Date: 2017-11-03   Author: Shikha Sinha

In what seems to be a never-ending legal dispute between Apple and Qualcomm, that has been making headlines since January this year, the latter has filed yet another lawsuit against Apple. Qualcomm, in its latest suit,...

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DOJ may file antitrust suit to impede AT&Ts Time Warner takeover
Date: 2017-11-03   Author: Saipriya Iyer

The tech tabloids have lately been ablaze with the news of the Department of Justice turning the tables on AT&Ts deal. Apparently, the DOJ has been on the verge of considering an antitrust lawsuit to prevent AT&T...

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Google to shut down QPX Express API services by 2018
Date: 2017-11-02   Author: Saipriya Iyer

Google Incorporation has apparently declared that it plans to deny software developers the access to the automated information pertaining to airfare search engines. Industry experts have claimed that the move may, in a...

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Rockwell Automation declines Emerson’s USD 27 billion acquisition bid
Date: 2017-11-01   Author: Saipriya Iyer

Rockwell Automation Incorporation, a key manufacturer of industrial automation products, has reportedly declined the takeover bid made by Emerson Electric Company for over USD 27 billion. The former cites the reason of...

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Vistra acquires Dynegy to form a power producer giant in Texas
Date: 2017-10-31   Author: Shikha Sinha

Vistra Energy and Dynegy, two independent power producers, have scarcely announced their merger in an all stock-deal, which has reportedly been in the works since May. Reports claim...

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LloydsPharmacy shuts 190 UK outlets, blames it on govt funding cuts
Date: 2017-10-27   Author: Shikha Sinha

LloydsPharmacy will cease trading in nearly 190 stores across England, as announced by the chain’s Coventry-based parent company in Celesio UK. The managing director of Lloyds...

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BT to cut down charges for up to a million landline customers
Date: 2017-10-26   Author: Shikha Sinha

British Telecom, a leading telecommunication giant has recently agreed to slash the amount it charges to landline-only customers by 37 percent. Sources revealed that about one milli...

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Federal government declares largest O&G lease sale in the U.S.
Date: 2017-10-25   Author: Pankaj Singh

The Interior Department of the Federal Administration has scarcely announced its decision of encouraging oil and gas development extensively across the nation. The department has proposed nearly 77 million acres in the...

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Spire Healthcare turns down acquisition proposal from Mediclinic
Date: 2017-10-24   Author: Saipriya Iyer

In what may be touted as an unforeseen rejection of sorts, acclaimed UK-based medical care firm, Spire Healthcare Group, has spurned a takeover proposition from its largest shareholder - Mediclinic International. If re...

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US regulators indict Rio Tinto’s chief officials for fraud
Date: 2017-10-20   Author: Shikha Sinha

The U.S. authorities have reportedly charged Rio Tinto, the London-headquartered Anglo-Australian mining behemoth, and its former chief executive and chief financial officers on the basis of fraud. The indictment rides...

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UK to tighten its merger regime over national security concerns
Date: 2017-10-19   Author: Shikha Sinha

The UK government has announced proposals that would expand its ability to intervene in takeover and merger deals that are likely to raise national security concerns. These changes are particularly targeted at the doma...

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Greenpeace targets tech giants for environmental pollution
Date: 2017-10-18   Author: Saipriya Iyer

Greenpeace, a Netherlands-based non-governmental environmental organization, working toward the maintenance of a green environment, has marked low scores for Huawei technologies company limited, Samsung electronics, an...

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Toyota to test self-driving electric cars by 2020
Date: 2017-10-17   Author: Saipriya Iyer

Toyota Motor Corporation, one of the acclaimed automotive industry behemoths, has declared that it would commence the testing of its self-driving electric vehicle range embedded with artificial intelligence technology ...

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UK government’s clean energy growth plan to meet 2050 climate target
Date: 2017-10-16   Author: Pankaj Singh

The British government has declared a clean energy strategy for investing millions in low carbon innovations and renewable technology to accomplish its 2050 emission goal. In order to tackle carbon emissions, the Depar...

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Taiwan’s trade commission slaps a 774-million-dollar fine on Qualcomm
Date: 2017-10-13   Author: Pankaj Singh

Qualcomm has been facing a series of antitrust probes since the last few years, one of the latest ones sourced from the Taiwan Fair Trade Commission (TFTC). If reports are to be believed, TFTC has levied a fine of clos...

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Walmart launches its app-based swift return service
Date: 2017-10-11   Author: Saipriya Iyer

This Tuesday, the retail space witnessed one of the biggest scoops with Walmart announcing the launch of streamlined return process that is claimed to shrink the return processing time of an item significantly. Alleged...

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Waymo launches a public education campaign to bring awareness about self-driving vehicles
Date: 2017-10-10   Author: Saipriya Iyer

Waymo, the self-driving car unit of Alphabet Inc., has recently launched a public education campaign titled ‘Let's Talk Self-Driving’ with an aim to eradicate the cynicism that many Americans possess re...

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China to accelerate its drug approval system to cut down lengthy delays
Date: 2017-10-09   Author: Shikha Sinha

China is set to speed up its approval system for medicines and also plans to accept data from clinical trials that are carried out overseas. Reportedly, these changes in the drug approval system will cut down extensive...

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Walmart acquires NYC company Parcel with an aim to offer same-day delivery services
Date: 2017-10-05   Author: Shikha Sinha

In a bid to sharpen its delivery skills, Walmart has closed a deal to acquire Parcel - a delivery logistics startup. The retailer giant plans to leverage Parcel for last mile delivery to customers in New York City and ...

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Nissan to recall automobiles sold in last three years across Japan, firm may face monetary losses of close to USD 220 million
Date: 2017-10-03   Author: Pankaj Singh

Japan’s second largest carmaker has been forecast to be majorly impacted by faulty inspections, after Mitsubishi. The faulty inspection has pushed Nissan to recall 1.2 million vehicles manufactured for domestic m...

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FDA gives the green signal for Abbott’s finger prick-free blood sugar proportion monitoring device
Date: 2017-09-29   Author: Saipriya Iyer

The U.S. Food and Drug Administration (FDA) has officially approved the FreeStyle Libre, a bottle cap-sized wearable sensor device developed by Abbot laboratories, a U.S. based healthcare firm, to continuously check th...

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Adidas’ emphasis on athleisure apparel manufacturing proves disastrous for Nike product sales
Date: 2017-09-29   Author: Pankaj Singh

One of the most acclaimed sneaker designer brands in North America, Nike, has reportedly suffered a catastrophic fall in its home country, possibly subject to design failures. Ironically, rival firm Adidas, the renowned ...

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AliPay to disembark in Canada, Alibaba aims to strengthen retail ties between Canada and China
Date: 2017-09-25   Author: Saipriya Iyer

China's renowned e-commerce giant, Alibaba plans to usher AliPay, the country’s leading third-party online payment solution, in Canada. In order to officially launch the platform in Canada, Alibaba has been r...

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Pfizer takes Johnson & Johnson to court for its anticompetitive actions regarding the Ramicade drug
Date: 2017-09-22   Author: Shikha Sinha

Two of the most globally reputed pharma companies, Pfizer and Johnson & Johnson are squaring off a new front in their legal battles over a rheumatoid arthritis drug. According t...

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Fujitsu launches its new version mainframe OS to focus on digitization
Date: 2017-08-29   Author: Shikha Sinha

Fujitsu, a leading Japanese company in information and communication technology (ICT), reportedly, will continue making investments in the development of critical mainframes, as is evidenced by the introduction of its ...

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Super Retail Group effectively tackles Amazon’s foray in Australia, explores options to expand its digital offering pipeline
Date: 2017-08-28   Author: Saipriya Iyer

Super Retail Group, a massive retail chain based in Australia, is one of the few firms that seems to have an ace plan up in its sleeve for coming to grips with Amazon’s forthcoming entry in the Australia retail t...

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Genentech’s obtains priority revenue from the U.S. FDA for its Hemophilia A treating drug, Emicizumab
Date: 2017-08-24   Author: Saipriya Iyer

The U.S. FDA (Food and Drug Administration) has accepted the BLA (Biologics License Application) of Genentech for licensing its investigational bispecific monoclonal antibody referred as Emicizumab prophylaxis to be us...

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Nestle to face a legal controversy over Poland Spring Water, having been alleged as a ‘colossal fraud’
Date: 2017-08-21   Author: Saipriya Iyer

Nestle, one of the leading giants of the food and beverage industry seems to be in a legal dispute with one of its bottled water brands. Poland Spring Water, manufactured by Nestle has been slammed with the Federal law...

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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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