The Japanese multinational conglomerate holding company, SoftBank Group invests $2.8 billion in AutoStore , an automation company in Norway. The Japanese group SoftBank said that it will buy the stake from US private equity group Thomas H Lee Partners and Sweden’s EQT in a deal valuing AutoStore at $7.7bn. All three shareholders will have representation […]
The American multinational media ViacomCBS has agreed to acquire Chilevision from AT&T Inc- owned WarnerMedia , as it looks to improve its streaming audience in latin America. Chilevisión (often abbreviated as CHV) is a Chilean free-to-air television channel. It is the third oldest Chilean television network. Founded by the University of Chile, this educational institution […]
Nagad, locally developed platform, surprised the fintech world through ground-breaking service Forty million users in just two years! Starting from idea to scratch, currently Nagad became the fastest-growing mobile financial service in the world, helping the marginalized people to get financially included, a biggest step to the digital divide reduction for the nation. Since its […]
Quilter , a leading provider of investments, advice and wealth management in the UK is selling its international business to utmost group for £483m. This sale will allow Quilter board to focus on its UK wealth management business. Quilter will receive approximately £483m in cash assuming completion on 31 December 2021. The £483m price tag […]
The Japanese multinational electronics and industrial conglomerate company Hitachi Ltd to acquire U.S digital engineering services company, GlobalLogic for staggering $9.6 billion. Hitachi, which is based in Tokyo said that the acquisition of the Silicon Valley company will improve Hitachi’s digital operations in a range of business it has which includes mobility Energy, and industry. […]
FPT smart cloud, has partnered with KT Corporation in a business agreement to promote a business to supply public and financial cloud services to Vietnam. KT Corporation, previously known as Korea Telecom, is South Korea’s largest telecommunications company and also South Korea’s first telecommunications company and as such it dominates the local landline and broadband […]
South Korea’s largest energy and chemical company SK Innovation’s electric vehicle (EV) battery recycling technology has been recognised by Argonne National Laboratory which is a U.S based research centre. The company’s battery recycling technology has been recognised for its superiority in reducing greenhouse gas emissions. The research centre, Argonne National Laboratory, which comes under the […]
The American technology company Uber, Will partner with Japan airlines (JAL) to offer its services through JAL’s app, the partnership will include plans to implement uber services at international destinations. Japan Airlines conducts domestic and international air transport businesses (passengers, cargo) by 15 consolidated subsidiaries and one affiliated company. Beginning on April 1 2021, Japan […]
The American social network giant Facebook is planning two undersea cables to connect United States and Southeast asian countries Indonesia and Singapore, to improve internet connection capacity between the regions. The cables will be named Bifrost and Echo and it will be the first to directly connect United Stated and Indonesia. The primary objective is […]
The Japanese multinational automobile manufacturer, Honda is selling its swindon car plant to property developer Panattoni, which is an international real estate developer specialising in industrial real estate and warehouses. This move could possibly give a lifeline to 4,500 workers, The company has been searching for a buyer since announcing plans two years ago to […]
The Suez Canal blockage has caused huge jam of vessels, holding up goods worth $400 million an hour approximately. Ever Given, the 400 meter long and weighing around 200,000 ton, deemed to be a Megaship which is operated by Taiwan based firm Evergreen has been stuck in the Southern end of the canal. The canal […]
The Chinese multinational electronics company, Xiaomi plans to build Electric Vehicle’s (EV) using Great Wall Motor’s factory. One of the greatest smartphone makers in the world, Xiaomi is in talks with Great Wall’s plants in China to make Electric Vehicle’s making it the latestr tech firm to join the smart mobility race. The company will […]
Abu Dhabi based asset management company, Gulf Capital has announced that it has acquired two of US health – tech companies for transaction value of $60 million. Gulf Capital’s investments in Hansei Solutions and Eclat Health will expand the firms Healthcare- focused Revenue cycle Management (RCM) platform. The investment company has already acquired a majority […]
Emirati state-owned holding company, Mubadala investment company and the UK office for investment (OFI) to invest around £1 Billion in UK life sciences. Abu Dhabi’s Mubadala will invest around £800 million and the UK will invest £200 million, part of the UAE – UK Sovereign Investment Partnership (SIP). In over five years SIP will invest […]
The Japanese multinational automotive manufacturer Toyota, is partnering with Hino ( Toyota subsidiary) and Isuzu Motors Limited to develop small sized electric and fuel-cell vehicle Japan’s top automaker Toyota and truck-maker Isuzu had mentioned that it will hold a 4.6 percent stake in each other, the three companies said in a joint statement. The three […]
