About Author : Saipriya Iyer

Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website content writing, tech writing, promotional writing, business writing, and more. Currently, she pens down articles related to the latest business trends, market research, and industry news.



Contribution by Saipriya Iyer

Borr to purchase five current rigs of Keppel for USD 745 million

Borr Drilling, a Norway-based drilling contractor for the oil & gas sector, has entered into a purchase deal with Keppel O&M to acquire five jackup rigs of the latter for nearly USD 745 million. Reportedly, the deal is expected to be carried ...

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Medigene extends cancer immunotherapy alliance with bluebird bio

Medigene AG, a Germany-based biotech firm, and bluebird bio Inc., have reportedly decided to extend their collaboration over cancer immunotherapy. The strategic move may plausibly be aimed at producing a revenue of over USD 509 million for Medigene. ...

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Noni B acquires five brands of Specialty Fashion Group for $31 million

Noni B, an online retail store involved in the sales of female accessories & apparel in the country, has struck a deal with the Specialty Fashion Group for USD 31 million. Through this deal, Noni B will purchase five brands from the latter, namel...

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Boeing & Airbus push boundaries, enter after-sales service market

Riding high on the success of transcontinental airliners, renowned aircraft manufacturers Boeing and Airbus apparently now, are aiming to penetrate after-sales service market. Reportedly, these aircraft giants are set to aggressively expand their bus...

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Fox acquires seven of Sinclair’s broadcasting stations for $1.5bn

Fox Broadcasting Co. has apparently signed an agreement with Sinclair Broadcast Group to purchase some of its television stations for a valuation of USD 1.5 billion. Allegedly, in a bid to win the Federal approval for its acquisition deal with Tribun...

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California’s latest norm now requires homes to include solar panels

The California Energy Commission has reportedly planned to implement the new building energy efficiency rules, in accordance with which it will be mandatory for all house construction projects to include solar panels. Apparently, the directive will i...

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Nestle & Starbucks sign $7.2bn pact to better coffee sales in U.S.

In what has been touted as Nestle’s third-biggest transaction since its inception, the food giant has declared to sign a deal worth USD 7.15 billion with Starbucks. Nestle aims to acquire the Seattle-headquartered coffeehouse chain’s righ...

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FDA disapproves Novartis’s Biosimilar drug, Roche’s fears alleviated

Roche AG, a Switzerland based healthcare organization, seems to have breathed a sigh of relief with the FDA refusing to grant immediate approval to Novartis’s biosimilar form of Rituxan. According to Novartis’s Sandoz Unit, its copy of Ri...

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Esprit Holdings decides to shut down nearly 67 stores in ANZ region

Esprit Holdings Limited, a reputed brand name across the clothing, houseware, jewelry, and accessories sectors, has decided to shut down its business in Australia and New Zealand. In what may seem to be a highly significant move for the company, Espr...

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Soft Robotics receives USD 20mn funding for eCommerce expansion

Soft Robotics Inc., a UK-based firm developing robotic gripping systems as well as automated solutions, is likely to receive nearly USD 20 million funding for expanding across logistics & eCommerce industry. The funding round, led by Hyperplane V...

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EDF’s plan to build onshore wind farms in Scotland faces opposition

EDF Energy, an integrated power-generating firm, apparently plans to raise the heights of two major windfarms on the Isle of Lewis. However, EDF’s plans have been met with strong opposition from the residents of the western isles of Scotland. T...

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Google & Fitbit collaborate to transform the future of digital health

Google Inc. and Fitbit Inc., a renowned U.S. firm across the wearables sector, have apparently declared to join hands for promoting robust innovations in the digital health & wearables sectors across the globe. As per reports, the goal of both th...

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NETS launches new contactless CashCard with its own mobile app

NETS, a Singapore based payment service provider, has introduced a contactless CashCard that it will provide along with its own mobile application. As per the company sources, the new product is expected to help customers track various online transac...

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West China Hospital & Oxford University Press launch medical journal

The Oxford University Press, the largest university press across the globe, in association with the West China Hospital of Sichuan University, has declared the introduction of the Precision Clinical Medicine. Incidentally, the medical journal has bee...

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Asda & Sainsbury’s unveil merger details, trigger fear of job losses

Sainsbury's, the second largest supermarket chain in the United Kingdom, has reportedly penned down a merger deal with Asda Stores Ltd., the Leeds headquartered British supermarket retailer. For what seems to a litany of valid reasons, the deal s...

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Eli Lilly-NCCD deal to advance understanding of Type 2 diabetes & CVD

Eli Lilly and Company, the globally renowned pharma titan, has scarcely announced a strategic collaboration with the National Center for Cardiovascular Diseases in China. Incidentally, this move has come on the heels of the fact that China has now em...

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Square & Weebly tie up to provide cohesive solutions for businesses

The San Francisco based merchant services aggregator, Square, Inc., has scarcely announced its plans to acquire technology company Weebly in a cash and stock deal. As per authentic sources, Square will pay a total of USD 365 million for this acquisit...

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douglas-pharma-and-uwa-join-hands-for-developing-new-cancer-therapies

Douglas Pharmaceuticals Limited, a key pharma product manufacturer headquartered in New Zealand, has signed a partnership deal with The University of Western Australia (UWA) & Telethon Kids Institute for developing new cancer immunotherapies. Rep...

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Comcast bids against Fox & Disney, offers £22 billion to buy Sky Plc

Comcast Corporation, a U.S. based broadcasting & cable television firm, has proposed a hostile acquisition bid for the UK headquartered Pay TV broadcaster Sky Plc for £22 billion. In response to the bid, the independent directors of Sky Plc...

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Nestle conducts review to reinforce its North America ad business

In what may be touted as a cost-saving measure, Nestle has introduced a review to centralize its advertising business with nearly four to six ad agencies across North America. Reportedly, the review includes creative as well as online functions acros...

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MPA inks Tuas Terminal Phase 2 pact & other MoUs in the marine cosmos

The Singapore Marine sector seems to have reportedly witnessed an overwhelming influx of projects this week. If sources are to be believed, the Maritime & Port Authority of Singapore (MPA) has stated that it has signed the Tuas Terminal Phase 2 p...

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CMA clears Co-op’s £143 million acquisition of Nisa in the UK

The UK based competition regulator CMA (Competition and Markets Authority) has provided a green signal to Co-op’s takeover bid for Nisa, a renowned groceries wholesaler firm based in the UK. As per authentic sources, the purchase deal seems to ...

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Merck gets approval for its CRISPR genome-editing technology in China

Merck KGaA has declared that the Chinese Patent Office has provided it with the right to use its CRISPR gene-editing technology in the country. According to the company’s statement, the CRISPR technique helps chromosomes to alter in the living ...

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Volkswagen outlines plans for U.S. Bond sale post emissions scandal

Renowned German automaker Volkswagen AG seems to be set to return in the U.S. bond market after its infamous emissions scandal in 2015. VW’s decision is likely to lead to a major turnaround in its business operations, claim sources. Reportedly,...

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Top five brands accuse Alibaba of unfair eCommerce business practices

In a major turn of activities witnessed across the China eCommerce industry, a major U.S. based clothing brand witnessed a slump of nearly 10% to 20% in its Tmall sales post its refusal to sign a pact with Alibaba. That aside, the U.S. firm participa...

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Boralex & Ardian sign agreement to acquire Kallista’s shares

In what may be touted as a major boost to the renewable energy sector, Boralex Inc., a Canadian developer of renewable power facilities, has entered into an acquisition deal with Ardian Infrastructure. The Canadian firm has agreed to buy out all the ...

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Hammerson Plc abandons bid to purchase Intu Inc. for £3.4 billion

Hammerson Plc, a UK-based property development & investment firm, has decided to abandon its acquisition bid for Intu Inc., estimated at £3.4 billion. The UK company declared that the business decision has been based on the rising level of ...

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Best Buy & Amazon team up for the sale of smart TVs in U.S. & Canada

Amazon.com Inc., the globally acclaimed eCommerce firm, has reportedly collaborated with Best Buy, a renowned U.S. based electronic retailer, to sell smart televisions across North America. As per authentic sources, both the firms revealed that they ...

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JD Sports keen on expanding its business beyond national borders

In a move to expand its business across the Asia Pacific zone, JD Sports, Sports & Leisurewear retailer, has launched its stores in South Korea and Australia. Last year alone, the retail giant had established nine new retail stores in the APAC re...

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Amazon abandons its plans to sell & distribute medicines to hospitals

Amazon Business has reportedly decided to drop its plans of selling & distributing pharma items to hospitals. Currently the eCommerce giant, that is involved in the sale of products to business customers in bulk, is on the verge of selling less s...

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Merck races ahead of Bristol-Myers in lung cancer drug therapy

Pharma major Merck has apparently emerged at the top, surpassing Bristol-Myers Squibb, in the results of the clinical trials that demonstrated the effectiveness of immunotherapy medicines. As per sources, Merck’s Keytruda and Bristol’s Op...

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Amex to culminate loyalty program Plenti in the second half of 2018

American Express, a U.S. based multinational financial services corporation, has decided to discontinue Plenti, a frequent-shopper program classified as one of its loyalty programs, from the 10th July 2018. The company sources also declared that all ...

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Shire strikes deal with Servier to sell its cancer unit for USD 2.4B

Shire Plc, a global specialty biopharma firm headquartered in Ireland, has apparently entered into an agreement with a France based pharmaceutical company, Servier Laboratories. The agreement validates the sale of Shire’s oncology business for ...

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IKEA and COLES extend partnerships with Airtasker across Australia

In a bid to potentially change the way Australians shop, IKEA and COLES Supermarkets have apparently expanded their partnership with online jobs marketplace- Airtasker. Both the retail giants are reportedly running a state-based trial in NSW, which c...

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Accelerating Australia turns leader to transform biomedical expertise

Accelerating Australia, a Biomedical Innovation Group based in Western Australia, has received funds from a consortium of firms for financing its training & medical Biodesign programs. The move is likely to promote partnerships and innovations ac...

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FDA permits AI-powered medical device to detect diabetic eye ailment

In what may be touted to be a highly victorious incidence in the medical devices industry, the U.S. FDA has approved the sale of an innovative medical equipment. Referred as IDx-DR, this device makes use of AI technology to detect the most common cau...

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Rosa Foods to launch Soylent in nearly 450 Walmart retail stores

Rosa Foods, the Soylent manufacturer, has apparently decided to introduce the product in all the four hundred and fifty Walmart stores across the U.S. Before entering the brick-and-mortar business space, the product was only available online and in b...

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UK firms ban the usage of plastic to curb environmental pollution

In what maybe touted as a highly strategic move toward the maintenance of a green environment, certain UK based firms have decided to shun the use of plastics for preventing ecological damage. These firms include popular UK based supermarket chain Wa...

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Fight against opioid overdose depicts success in Huntington city

Huntington city seems to have reportedly been very successful in combating the opioid overdose epidemic in the region. As per sources, the drug overdose had dropped to 20% during the fourth quarter of the last year as compared to the same span in 201...

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Hanshin Properties & Ireka Corp. join hands to develop Rimbun Project

Ireka Corp Bhd, a Malaysia-based construction engineering firm, has apparently signed a joint venture with the Hankyu Hanshin Properties Corporation, a Japanese ground transport company. The JV has been inked for developing the Rimbun Kasia venture i...

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Xiaopeng Motors to raise over USD 1.6 billion for manufacturing EVs

Xiaopeng Motors, a China-based electric hybrid car startup, has apparently decided to raise funds of over USD 1.6 billion this year with an aim to compete against its rivals across the global electric vehicle market. Reports state that the electric c...

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L&T Technology acquires USD 20 million contract from ExxonMobil

L&T Technology Services (LTTS), an engineering, research, & design division of Larsen & Toubro, has reportedly declared that it has been awarded a digitization contract by ExxonMobil Exploration firm, a subsidiary of ExxonMobil providing ...

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Google Inc. to acquire GIF image search start-up Tenor

Google Inc., the search engine giant, is likely to buyout Tenor, a GIF image search tool, for enhancing the efficiency of its search data. The acquisition is also likely to help Google provide the advertisers with the GIF format that has become highl...

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Meituan to purchase bicycle-sharing startup Mobike for over $3 billion

Meituan Dianping, a Chinese firm offering online retail products & services for local consumers, is reportedly planning to purchase Mobike, a bicycle sharing startup, in a deal worth USD 3 billion. Reportedly, the takeover deal values Mobike&rsqu...

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ThreadSol’s latest move to provide a boost to Asia apparel sector

ThreadSol Software Private Limited has reportedly declared its plans of sponsoring PI Apparel Hong Kong to promote the growth of the apparel industry. For the record, PI Apparel is an effective platform for fashion, footwear, and apparel giants to co...

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Mecklenburg prosecutes Atrium to sever ties & operate independently

Mecklenburg Medical Group, a part of the Carolinas HealthCare System, has filed a litigation against Atrium Health, a non-profit hospital network headquartered in North & South Carolina. The claim has been filed on the grounds that Atrium display...

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Hibiscus Petroleum completes acquisition of 50% stake in North Sabah

Hibiscus Petroleum Berhad, an oil & gas firm based in Malaysia, has acquired a 50% stake in the 2011 North Sabah Enhanced Oil Recovery Production Sharing Contract (PSC) and (JOA) joint operating agreement associated with PSC. The other stakeholde...

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Dollarama to add bulk buyouts of low-cost goods to the e-commerce rush

Dollarama Inc., a Canada based retail chain firm, is likely to add bulk purchases of its low-priced products to the eCommerce queue in a bid to promote the expansion of its bricks-and-mortar stores. Neil Rossy, the CEO of Dollarama Inc., has stated t...

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Aramco & PETRONAS collaborate to form two JVs for the RAPID project

Saudi Aramco, a Saudi Arabian national petroleum & natural gas firm, has signed an agreement with PETRONAS, an oil & gas firm based in Malaysia, to invest in a refinery project off Malaysia. In the first quarter of 2017, Aramco decided to pur...

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MCE to supply electronics & mechatronic parts for Proton car models

MCE Holdings Berhad, a renowned investment holding firm, has apparently received contracts to supply complex electronics & mechatronic components for new Proton car models. According to authentic sources, the contract of supplying the components ...

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Acropower to build waste-to-energy unit on Chew’s poultry farm site

Acromec Limited, a Singapore-headquartered engineering services firm, has declared that its subsidiary, Acropower, has signed an MoU with HL Plus. The deal entails the construction, ownership, and operational responsibility of a waste-to-energy unit ...

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Spark introduces an all-new IoT network across New Zealand

Spark New Zealand, a telecom firm offering fixed line telephone services as well as mobile & internet solutions, has introduced a new IoT network in the country. According to authentic sources, the new low-power wide area network is expected to b...

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Energean to pour in USD 1.6bn in Israel’s offshore O&G basins

Reputed Greek oil & gas firm Energean is likely to invest nearly USD 1.6 billion in the Karish and Tarin natural gas fields off the Israel Coast. The firm has stated that the gas supply from the offshore field of Karish is expected to commence in...

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Skoda aims to develop five electric vehicles within the next two years

Skoda Auto, one of the key players across the vehicle manufacturing sector, has apparently declared that it is going to launch five electric vehicles in the global market by 2020. The CEO of the firm, Bernhard Maier, has stated that the firm is likel...

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Royal Philips introduces adaptive intelligence in Northland DHB

Royal Philips has brought forward adaptive intelligence to Northland District Health Board, which is incidentally the first user of the firm’s health informatics system in the ANZ region. Apparently, the health informatics technology works like...

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Gibson Energy declares sale of U.S. environmental service businesses

Gibson Energy Inc., a Canada based midstream service firm in the oil & gas sector, has sold its environmental service business in the U.S. for nearly USD 125 million. According to reliable sources, this strategic move is aimed towards further exp...

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oDocs creates world-first AI medical platform for auto-diagnosis

Dunedin firm oDocs, based in New Zealand, has apparently developed the world’s first AI-based medical platform for researchers & clinicians to determine various diseases based on a sole image. If reports are to be believed, the tool is oper...

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SIMEC Zen Energy to build battery with 120MW storage units in SA

Whyalla Steelworks founder Sanjeev Gupta has received a USD 10 million loan from the South Australian administration via its Renewable Technology Fund for developing world’s biggest battery at Port Augusta. For the record, the 120 MW/140 MW hou...

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Tokyo Gas signs contract with flexibility in destination clauses

The Tokyo Gas Company Limited has reportedly signed a long-term contract to purchase LNG from an establishment of the Malaysia based State Oil firm Petronas with flexible destination clauses. Reports cite that the terms & conditions stated in the...

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Uber launches its carpooling service Uber Commute in Singapore

Uber, the globally reputed ride-sharing & transportation network firm, has made it to the headlines for introducing Uber Commute. Apparently, this is a new carpooling service in Singapore that permits drivers heading to work to pick commuters for...

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BioCatch culminates first round of tech funding at USD 30 million

BioCatch Limited, one of the pivotal players of the behavioral biometrics technology sector, has recently closed at USD 30 million in growth funding. Other investment groups such as CreditEase, American Express Ventures, Kreos Capital, Maverick Ventu...

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Salesforce-Dropbox ink integration deal for proficient cloud services

Dropbox Inc., a file hosting service firm and Salesforce.com Incorporation, a U.S. based cloud-computing firm have reportedly formed an integration alliance. The agreement is targeted at blending their services & sharing marketing activities as w...

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WuXi Biologics & Adagene partner to generate new antibody therapeutics

WuXi Biologics, an open-access biologics technology platform firm offering end-to-end services for exploring, developing, and manufacturing biologics, has declared a partnership with Adagene. This collaboration with the Chinese antibody discovery &am...

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Cigna Corp. likely to acquire Express Scripts for over $50 billion

The United States based health insurance firm Cigna Corporation has apparently declared its intention to buy Express Scripts Holding Company. The largest pharmacy benefit firm in the U.S. is likely to be sold out for a valuation of around USD 54 bill...

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OCBC Bank to provide funds for six green programs in Singapore

The Oversea-Chinese Banking Corporation Limited has apparently declared that it will invest nearly S$87,000 in six green ventures in Singapore. Incidentally, the #OCBCCares Fund for the Environment, launched in July 2017, had resolved to provide arou...

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KCA Deutag to sign a purchase agreement with Dalma Energy LLC

KCA Deutag, a global oil & gas services firm based in Aberdeen, is planning to purchase Dalma Energy from Saudi Arabia & Oman. Experts view the move as the firm’s strategy to expand its business across the Middle East. Depending upon t...

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ADIF invests double digit millions in Aerodyne’s drone technology

Axiata Digital, the fully owned subsidiary of Axiata Group Bhd, has recently made it to the headlines with the announcement of its largest investment in Aerodyne Group. While the final amount has not yet been disclosed, the technology venture capital...

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Carousell & MoneySmart team up to enable personal finance access

MoneySmart, a personal finance website, and Carousell, a mobile & consumer to consumer marketplace based in Singapore, have reportedly decided to form an alliance for making personal finance easily accessible to customers. This strategic move has...

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Apple to introduce tech compatible healthcare service for employees

Tech magnate Apple has reportedly planned to launch its primary medical care service referred to as AC Wellness. The firm seems to have taken the decision to penetrate the healthcare space following the footsteps of Amazon and Buffet, both of which h...

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Alberta utilizes $1bn funding to provide momentum to bitumen exports

Alberta, one of the most proactive provinces situated in the western part of Canada, has reportedly announced loan grants worth nearly USD 1 billion, which is likely to raise the bitumen quantity transported via the current pipelines. Through this in...

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SolarHome gets $1.2mn fund for PAYG solar product line expansion

SolarHome, a Singapore based startup firm offering PAYG (pay-as-you-go) solar services to off-grid homes in South-East Asia, has apparently received funds worth USD 1.2 million from investors through its fund-raising program. The key officials of the...

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Arizona DOT approves Waymo’s driverless ride-hailing service

Waymo, a division of Google’s parent firm Alphabet Inc., has received the approval from the Arizona State Department of Transport for operating as a transportation network firm. One of the key officials of the firm has stated that this decision...

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Uber to sell its SEA-based ride-sharing business unit to Grab

In a major tide of events witnessed across the ride-sharing industry, Uber Technologies Inc., one of the most pivotal car-pooling & transportation network firms based in the U.S., has decided to sell its business in Southeast Asia to Grab, a Sing...

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Mainstay Medical receives €30 million funding from investors

Mainstay Medical International plc, a firm that manufactures medical implantable device ReActiv8 ®, has raised funds worth approximately €30.1 million. Reportedly, the firm has raised this funding through issuing nearly 2,151,332 ordinary sh...

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Bombardier to transport C Series Jets to Delta Airlines this year

The reputed Canada based aerospace firm, Bombardier Inc., has apparently won a trade dispute against Boeing in the U.S., encouraging Delta Airlines to take on the delivery of C-series jets from Bombardier. According to Daily Mail, the International T...

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