text

Telkomsel invests an additional $300 million in Gojek

Telkomsel, a unit of Indonesia’s largest telecom operator Telkom, has invested an additional $300 million in ride-hailing and payments firm Gojek, the two firms said Monday, just months after the netw

text

Why did Bill.com pay $2.5B for Divvy?

As expected, Bill.com is buying Divvy, the Utah-based corporate spend management startup that competes with Brex, Ramp and Airbase. The total purchase price of around $2.5 billion is substantially abo

text

Kenya's foreign direct investment posts double-digit fall in 2020

Kenya's foreign direct investment (FDI) declined 18 percent in 2020 as compared to 2019 due to disruptions caused by the COVID-19 pandemic, the country's investment agency said Wednesday. /Getty

text

UK and India announce $1.4 billion investment boost, step closer to trade deal

Britain and India announced 1 billion pounds ($1.39 billion) of private-sector investment and committed to seek a free trade deal ahead of a virtual meeting between Pri

text

China's equipment manufacturing output surges 40% in Q1 2021

A worker assembles light trucks at a production line in east China's Shandong Province. /CFP China's equipment manufacturing sector saw rapid expansion in the first quarter of this year amid b

text

Xiaomi may join AI chip-maker Black Sesame's $231m fundraising efforts

Chinese smartphone maker Xiaomi is among a group of investors considering joining the latest fundraising bid by chipmaker Black Sesame Technologies Inc., sources familiar with the matter have reveale

text

UiPath raises IPO range, still targets lower valuation than final private round

Robotic process automation unicorn UiPath is set to go public this week, concentrating our focus on its value.The well-known company was last valued on the private markets at $35 billion in February w

text

International Day for Street Children

April 12th is International Day for Street Children.The day is celebrated to bring awareness to the many children who are living on the streets of the world because of poverty and domestic violence.T

text

AstraZeneca’s diabetes drug Farxiga fails in COVID-19 study

FILE PHOTO: Diabetes drug Farxiga. /VCG Data from a late-stage research to test if AstraZeneca’s diabetes drug Farxiga could treat patients hospitalised with COVID-19 and at risk of developing

text

Cybersecurity training startup Hack The Box raises $10.6M Series A led by Paladin Capital

Cybersecurity training startup Hack The Box, which emerged originally from Greece, has raised a Series A investment round of $10.6 million, led by Paladin Capital Group and joined by Osage University

text

EV automaker Rivian partners with Samsung SDI in battery cell supply deal

Rivian, the Amazon-backed EV manufacturer aiming to bring an electric pickup to market later this year, has partnered with Samsung SDI as its battery cell supplier, the company said Monday.The two com

text

Microsoft in talks to buy AI firm Nuance Communications

NEW YORK, NY - MARCH 13: A signage of Microsoft is seen on March 13, 2020 in New York City. Co-founder and former CEO of Microsoft Bill Gates steps down from Microsoft board to spend more time on

text

China's Meitu buys more Bitcoin, total investment reaches $100 million

Chinese app developer Meitu said Thursday that its wholly-owned subsidiary in Hong Kong acquired an additional 175.6 units of Bitcoin for approximately $10 million, bringing its total purchase of the

text

Biden administration disburses 25 million more stimulus payments to Americans

The Biden administration said on Wednesday that 25 million more stimulus payments worth a total of $36 billion had been sent out to Americans from the $1.9 trillion pan

text

Shenzhen bourse's main, SME boards merged to unify rules, supervision

Shenzhen Stock Exchange, south China's Guangdong Province. /CFP The Shenzhen Stock Exchange on Tuesday merged its main board with the SME (small and medium-sized enterprises) board amid effort

text

Cryptocurrency wallet and blockchain tech startup imToken raises $30 million Series B

imToken, the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Participants included returning investor

text

IoT satellite network startup Hiber secures €26M in funding round led by EU’s innovation agency

European satellite and communications startup, Hiber BV has secured €26 million in EU and private investment to expand its IoT satellite network. The funding comes from the European Innovation Council