Japanese fashion group Fast Retailing Co Ltd to increase automation at its warehouses and facilities

On Wednesday, Japan’s fashion group Fast Retailing Co Ltd stated, it has partnered with two robotics startups to help improve efficiency in its warehousing and distribution strategy. Fast Retailing, the owner of clothing chain Uniqlo and also Asia’s biggest fashion retailer by sales said, it plans on investing $916.59 million (100 billion yen) to increase…

Brazil signs technology safeguard agreement with the U.S.

In a development that paves the way for U.S. companies to use Brazil’s Alcantara base in the Northeastern-state of Maranhao to launch satellites, the Brazilian Senate has approved the ratification of an agreement signed earlier this year to safeguard U.S. space and defense technology. The agreement was earlier signed in March 2019 during an official…

Chinese EV startup Xpend raises $400 million in latest funding round

On Wednesday, Alibaba Group Holding Ltd backed Chinese electric vehicle (EV) manufacturer Xpeng stated it has raised $400 million from investors including Xiaomi Corp, to fund its growth. The fundraising comes at a time when industry watchers as well as bankers describe as an increasingly tough financing environment for Chinese EV startups who are jostling…

Office for Civil Rights scrutinizes Google-Ascension data deal

As per a report from the Wall Street Journal, a U.S. federal regulator has initiated an investigation into a cloud computing deal between Alphabet Inc’s Google and Ascension Health which would give Google access to detailed health information of millions of patients. The Office for Civil Rights in the Department of Health and Human Services…

European venture capital firm Balderton Capital launches $400M tech startup fund

On Tuesday, Balderton Capital, an European venture capital firm stated, it is launching a $400 million fund to invest in technology start-ups; its total funds under management now totals to $3 billion. In a statement, Balderton said, the total venture capital funding in European start-ups hit a record high of $27.11 billion (24.6 billion euros)…

Google signs healthcare data deal with Ascension, gets access to health records of millions of Americans

In a deal that provides Alphabet Inc’s Google Inc more data to finetune its artificial intelligence tools, the search giant has signed its biggest cloud computing customer in healthcare to date with Ascension. In a joint statement Ascension, which operates 150 hospitals and more than 50 senior living facilities across the United States, and Google…

Shares of chipmakers rise in European bourses on expectation of a Phase One U.S.-China trade deal

On Tuesday, shares of chipmakers in European bourses rose in anticipation for a potential U.S.-China trade deal. Investors will be looking for clues in a key speech from U.S. President Donald Trump. The pan-European STOXX 600 index edged slightly higher by 0840 GMT, with technology stocks rising by 0.3%. Investors are keenly awaiting a speech…