Eastern Europe attracting global seed money in funding rounds

Investors are increasingly investing in tech startups in the region whose graduates have strong math, computer science and engineering foundations. Tech entrepreneurs from south-eastern and central European countries, many of whom have had prior experience of launching their own businesses, are increasingly finding a success at enticing global investors, for the second time. Of late,…

$107 Million Poured Into Blockchain Group By Intel And Major Banks, Including HSBC And BOAML

$107 million has been invested into R3, a group developing blockchain-like technology for financial companies, by Intel, Bank of America Merrill Lynch, HSBC and dozens of other institutions. Meanwhile, a source close to the situation said that the R3 group was left by Goldman Sachs and Santander who walked away from the funding round. Working together to bring so-called…

Trump Administration proposes $46.54 billion cut in agricultural subsidies

This will be the biggest cut in federal funding for the rural economy. This has wide ranging repercussions not only for the U.S. rural economy but for all U.S. tax payers as well. In a significant development that could see food prices move up northwards, the White House budget has proposed $46.54 billion in federal…

China Buyers Place Record S$1 Billion Bid For Singapore Land

With a Chinese consortium putting in the highest bid at S$1 billion ($718 million), a residential plot in Singapore may fetch a record price for a government land sale. According to a statement from the Urban Redevelopment Authority, the highest bid in the Stirling Road land auction was submitted by Logan Property (Singapore) Co. and Nanshan Group…

Britain’s Labour Party closes in on May’s lead: Opinion Polls

The Labour Party aims to secure Britain’s access to EU’s lucrative single bloc market. With Jeremy Corbyn’s Labour Party shortening the lead that British Prime Minister Theresa May had when she plunged country into elections, May has urged voters to back her if they want Britain to exit the EU. Last week, having announced her…

The Art Of The Deal May Have Already Been Figured Out By Trump And Saudi Arabia’s Millennial Prince

For the big ambitions of Saudi Arabia’s young deputy crown prince, who is trying to steer the kingdom’s fortunes away from oil, U.S. President Donald Trump’s visit to Saudi Arabia could be a boost. While affirming its decades long support as Saudi Arabia’s regional power struggle with Iran intensifies, the U.S. brings an arms deal worth…