Anne Florentyna

68 published stories

Anne Florentyna, Business Correspondent reports on sector wide company news that moves the overall economy, mostly hailing from Middle East and that are around the Asia Pacific region. She is passionate about research and loves to question than believe in theories. Anne previously worked with Reuters News as a U.S. Consumer and Retail Correspondent based in Bengaluru, India.

Technology

Bitmoji Parent Snap to Cut 10% of Global Workforce

Snap Inc, parent of personalized emoji creator Bitmoji said in a letter to its investors on Tuesday, it would cut 10% of its global workforce, owing to revenue acceleration and boost cash flow of the company. Snap missed Wall Street analysts’ estimates for fourth-quarter revenue, as the Snapchat owner continued to struggle to compete against […]

Anne Florentyna7 February 20241 min read

Energy

Netradyne Partners with IOSL to Level up Fleet Safety

AI Technology for fleet and driver safety provider Netradyne said it would collaborate with IndianOil Skytanking (IOSL), airline fueling service provider on Tuesday. The company said it will provide its most advanced AI fleet camera system called Driver•i as a part of the engagement, which uses vision-based technologies to enhance driver safety, mitigate risks, and […]

Anne Florentyna7 February 20241 min read

Leadership

Ipsos Names Insider Ziad Issa as Media CEO

Market Research firm Ipsos named insider Ziad Issa to take over as Media Chief Executive for the Middle East and North Africa (MENA) region on Wednesday, effective immediately. Issa will succeed Elie Aoun, 53 years, who has held the position of Media CEO of the firm since February 2014, in the MENA region. Aoun began […]

Anne Florentyna7 February 20241 min read

Finance

PayPal CEO Alex Chriss Says to Cut Workforce by 9%

International payments company PayPal’s Alex Chriss, chief executive of the company said to reduce the workforce by about 9% in a letter to the employees, which was then posted on the company’s website, on Wednesday. Amid the elongated pressures on managing costs, most companies have opted to take the measure of multiple rounds of layoffs, […]

Anne Florentyna31 January 20241 min read

Finance

Max Life Launches SWAG Pension Plan

Max Life Insurance Company said it launched the Smart Wealth Annuity Guaranteed Pension Plan, shortly SWAG Pension Plan, which is aimed to cater to the customized needs of the customers, also with the option of increasing annuity up to 6% per annum to weather the rising inflation. This the company defines to be a non-linked, […]

Anne Florentyna29 January 20241 min read

Leadership

CEO Sanjay Shah Succumbs to Injuries from Event Mishap, Vistex Mourns

Software firm Vistex, on Monday, said the company is mourning the loss of its Founder and Chief Executive Officer Sanjay Shah, who passed away due to severe injuries from an accident. The company confirmed in a statement on Monday that Shah along with Raju Datla, President of Vistex, were seriously injured in an accident that […]

Anne Florentyna23 January 20241 min read

Real Estate

S&P Global Ratings forecasts US Mortgage, Housing Landscape

The United States’ housing market has been passive over the past few years due to rising interest as well as persistently high levels of inflation. S&P Global Ratings, said despite its restrains, the credit rating agency expects mortgage origination and securitization activity to rise year over year in 2024 as the economy begins to normalize. […]

Anne Florentyna22 January 20242 min read

Technology

Silynxcom Proposes Price for Initial Public Offering

Communications accessories maker Silynxcom Ltd, on Thursday, proposed the price for its initial public offering (IPO) of about 1.3 million shares for $4 per share to the public. The company said the objective of the IPO is to use the capital proceeds for marketing, business development, research and development, working capital and general corporate purposes. […]

Anne Florentyna12 January 20241 min read

Energy

Prairie Operating to Acquire Nickel Road Operating’s Assets

Prairie Operating to Acquire Nickel Road Operating’s Assets Energy firm Prairie Operating Co, on Thursday, agreed to acquire the assets of Nickel Road Operating, oil and gas acquisition company in a cash deal for $94.5 million. The deal value is split into $83 million in cash and $11.5 million in deferred cash payments and it […]

Anne Florentyna12 January 20241 min read

Technology

Sitharaman, Chandrasekhar Unveil India’s Tech Transformation at DATE 2023

India’s newest & already being celebrated as the most impactful Digital Acceleration and Transformation Expo (DATE) was inaugurated by Finance Minister Nirmala Sitharaman, and joined by MP Shri Tejasvi Surya, Shri Yaduveer Krishnadatta Chamaraja Wadiyar, Maharaja of Mysore & Chairman of Cyberverse Foundation, a strategic partner of DATE. The Expo was also inaugurated by Maharaj […]

Anne Florentyna27 November 20235 min read

Technology

Nirmala Sitharaman, Finance Minister Inaugurates DATE in New Delhi

India’s ascent to a global innovation epicenter is a testament of government initiatives such as AatmaNirbhar Bharat and ‘Make in India’, encouraging and driving the nation’s digital transformation. India’s digital landscape and swift adoption of groundbreaking, next-generation solutions are fundamentally reshaping its economic landscape. Celebrating this burgeoning ecosystem, the inaugural DATE (Digital Acceleration and Transformation […]

Anne Florentyna23 November 20233 min read

Real Estate

Q Holding Acquires Companies, Assets in $6.9 Bln Convertible Bond Deal

Real estate firm Q Holding said its board approved to acquire the list of companies and assets including stakes in Modon Properties and Abu Dhabi National Exhibitions Co (ADNEC) through issue of convertible bonds in an AED 25.6 billion ($6.9 billion) deal. Q’s board, on Tuesday, agreed to acquire the entire shareholding of ADQ Real […]

Anne Florentyna23 November 20231 min read