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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 […]
The England based online food delivery company, Deliveroo is aiming for a valuation up to £8.8 billion ($12.2 billion) in its upcoming initial public offering (IPO) in London Deliveroo, which is backed by Amazon, has set a price range of between £3.90 and £4.60 per share for its initial public offering (IPO), implying an estimated […]
The American technology conglomerate Facebook teams up with Rupert Murdoch ’s News Corp Australia after the county’s government passing the rule that requires tech companies to pay for news content. This deal will allow content from Rupert Murdoch’s local media empire and The Australian newspaper, to be featured on Facebook news. Anticipating the new law […]
The German automaker Volkswagen plans to build electric vehicle battery plants in Europe to expand its infrastructure and speed up mass adoption of battery-powered cars. Volkswagen said that it plans to build six battery cell factories by 2030 in Europe with production capacity of 240 gigawatt hours per hour. A spokesperson said that’s enough to […]
The European Medicines Agency (EMA) of the European Union has approved single shot Johnson & Johnson COVID-19 Vaccine, as it met the safety and quality criteria for people in the age group of 18 years and above in the European Union. Around 200 million doses of Johnson and Johnson vaccine has been ordered by European […]
The American Multinational company General Electric Co ( GE ) is nearing a deal with Ireland’s AerCap Holdings for $30 billion to combine its jet-leasing business ( Behemoth Aircraft Lessor ). After acquiring International Lease Finance, AerCap has become the world’s largest aircraft leasing company. GE capital aviation services and AerCap both have 3,000 aircraft […]
South Korea , The East Asian country, drafts US$13.38 billion (15 trillion won) as an extra budget to hand support to small business and secure jobs as the pandemic pushes the government to retain social distancing curbs. The South Korea ministry of finance said that there would be a increase in total government spending. A […]
The British multinational insurance and the largest general insurer Aviva has agreed to sell its French business unit for $3.9 billion (3.2 billion euros). The French Business unit was sold to mutual insurer Aema Groupe which was recently created by the merger of two companies Macif and Aesio. This deal is considered to be the […]
Lucid Motors , The American automotive company and an electric vehicle start-up has agreed to go public in a $24 billion deal with a blank cheque company run by Michael Klein who was a veteran deal maker. The deal between California-based Lucid, Churchill Capital Corp IV and Newark Is the largest in a series of […]
Roche, The Swiss multinational healthcare company produces arthritis drug named tocilizumab which cuts the risk of death among patients hospitalised with severe COVID-19 , It also shortens the recovery time and reduces the need for mechanical ventilation. Since March 2020 there has been a range of potential treatments for COVID-19, which could possibly clear up […]
