The israeli startup uses advance mathematics in machine learning and artificial intelligence technologies to help financial institutions identify the earliest signs of money laundering. On Tuesday, Israel’s ThetaRay stated, it has completed a funding round in which it raised more than $30 million, bringing the total amount it raised to date to more than $60…
The wide-ranging partnership expands the Bollore Group’s and Alibaba’s logistics network such that it can help diversify their respective customer base. On Monday, Vincent Bollore, the CEO of French conglomerate the Bollore Group stated it had signed a global partnership with Chinese e-commerce giant Alibaba. In a statement, both companies said, their partnership covers clean…
The escalating US-China trade tensions is already having an impact on European businesses in China. An official with the European Union Chamber of Commerce in China, said that this despite the fact that it is not until next week that the first shot of an all-out trade war would be fired. Expecting that there would…
Shares of Nike reached a record high on Friday after the sports apparel company reported a 3 per cent increase in sales in the most recent quarter. Analysts said that Nike was back in fashion in North America again. This increase in revenues for the US sportswear company for the first quarter was its first…
Amazon has struck an acquisition deal that has the potential to cause huge ripples in the drugstore industry. The largest e-commerce firm in the world is all set to purchase online pharmacy PillPack. None of the companies have disclosed any details of the deal. The companies also announced that they anticipated to close the deal…
While there is rising pressure on large German conglomerates to take similar measures such as the one taken up by General Electric where it announced fragmentation of its business, company executives in Germany need to work in unison with the representative of the labor unions placed on their boards because they have the power to…
Beijing-based, Cayman-domiciled Xiaomi priced its IPO at $2.17 – the bottom end of its indicative range. On Friday, sources close to Xiaomi Corp’s Hong Kong initial public offering (IPO) disclosed, the Chinese firm priced the IPO at the bottom of an indicative range, of HK$17 to HK$22, and raised $4.72 billion. Xiaomi is selling around…
Much of the U.S. government’s stance can be traced back to a report prepared by the U.S. Department of Defense, which warns of Chinese venture investors accessing “the crown jewels of U.S. innovation.” Although the U.S. Administration is pushing to protects national security interests by blocking Chinese investments in the field of artificial intelligence, machine…
The acquisition of 21st Century Fox by Walt Disney worth $17.3 billion has been cleared by the Antitrust Division of the U.S. Department of Justice (DOJ). The U.S. Department of Justice has however mandated the sale of the Fox Sports Regional Networks. The time frame for Disney to conduct the sale would be 90 days…
UK’s largest electric charging network, Chargemaster, is being bought by oil giant BP for £130 million. Earlier this year, BP had said that it expects renewable energy to be the fastest-growing source of fuel despite the company operating 1,200 petrol forecourts. The company said that there would be a rise in the number of electric…
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