Hopes that the technology IPO market would bounce back this year have bene extinguished by big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp and Middle East sovereign wealth funds. Startups have been enabled to raise more money, stay private longer and spurn the regulatory hassles of an…
The traditional surge in gold demand from the Hindu Festival of Diwali was expected to be muted by Indian jewelers until early this month. Efforts to increase financial transparency and a government crackdown on the black market had caused a slump in sales and the industry was struggling to cope with that slump. In August, in…
The question – Why is a technology threatening to decentralize money so attractive to highly centralized, authoritarian regimes? is ripe to be asked with Russia and China both embracing the idea of sovereign cryptocurrencies. President Vladimir Putin had ordered the swift launching of a “crypto-ruble”, Argumenti i Fakti, a pro-government newspaper, quoted Russian Communication Minister Nikolai Nikiforov as saying last weekend. The…
According to an email it sent to a group of safety advocates, academics and researchers that helps the social media service set its policies, Twitter Inc plans to toughen its rules on online sexual harassment and impose stronger penalties for misconduct. In the history of Twitter, the repeated allegations of sexual harassment and trolling have…
Setting ambitious goals for growth in China and the United States as well as a comeback in Japan where has been hobbled by a mileage cheating scandal, Mitsubishi Motors Corp said it plans to boost sales by 30 percent over three years. Aiming for jump in profitability the Japanese automaker will also ramp up R&D…
The technology partnership will allow firms to pursue their global ambitions. In a development of widespread implications, Nasdaq Inc has announced the signing of a pact with Singapore Exchange Ltd which will allows firms to tap both stock exchanges simultaneously under the two exchange operators’ namesake exchanges. The deal is expected to significantly help fast…
The A330neo is widely expected to keep the crown of the lucrative 250-300 seat market. On Thursday, in a development that gives wings to Airbus dreams, the upgraded version of its profitable A330 jet that is designed to give Boeing’s 787 Dreamliner a run for its money took to the sky for the first time.…
A project that is designed to track the worldwide impact of superbugs has seen an investment to the tune of £2.4 million ($3.2 million) from the global charitable foundation Wellcome which was announced very recently. Launched at the Call to Action conference in Berlin, Germany, the project is titled Global Burden of Disease AMR (antimicrobial…
The most active corporate investors in blockchain companies are Google and Goldman Sachs, says a new report. Cryptocurrencies like bitcoin are based on the blockchain technology. But promising cheaper and faster processes, from industries from finance to insurance, it is also being developed for use. according to a report by data firm CBI Insights published recently, just…
Quayside is an upcoming waterfront project in Toronto’s Lake Ontario which Alphabet is developing as a smart city. Canada has contracted Alphabet Inc to plan a mixed-use development along Toronto’s Lake Ontario waterfront using smart urban design and cutting edge digital technologies. As per Sidewalk Labs, a unit of Alphabet which develops new technologies for…
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