Sequoia Capital Raises $2.85 Billion to Fund Indian and Southeast Asian Startups

Venture capital firm Sequoia Capital announced having raised $2.85 billion which it will be using to fund startups from India and Southeast Asia. The firm made this announcement on June 14 further adding that it will be looking beyond current weakness in upcoming companies in the region. In a statement, the company said, the capital […]

Apple to Provide Other Payment Methods in Dating Apps Says Dutch Watchdog

Dutch’s antitrust regulator, the Authority for Consumers and Markets (AMC) says that tech giant Apple Inc. (AAPL) will be providing different payment methods in Netherlands for Dutch dating apps, this development will bring to a close a dispute which would have resulted to Apple getting fined 50 million euros ($52.58 million). Following this concession the […]

Disney+ Launches its Streaming Services in Middle East and North Africa

Walt Disney Co. (DIS) owned streaming platform Disney+ has launched its streaming services in the Middle East and North Africa with an aim of making an entry into the markets where in a region categorized by high population rate of young people but few people using the services. Disney+ says it has visited all the […]

World Bank to Offer $900 Million for Development Projects in Eastern Congo

The World Bank has signed two funding conventions with Congo amounting to $900 million according to which will be used by to boost female entrepreneurship and access to water and electricity in the east and west of the country. “These operations supplement a portfolio of operations focused on reinforcing human capital and protecting the poorest […]

U.S Wins Court Case to Seize Two Planes Owned by Russian Oligarch Roman Abramovich

The United States has won a court case in which it seeks to seize two planes belonging to Russian billionaire and oligarch roman Abramovich under the sanctions and measures imposed by U.S on Russia due to its invasion to Ukraine which happed several months ago. The two aircraft are worth almost $400 million, according to […]

Google Ordered to Pay Australian Politician $515,000 Over Defamatory Videos

Alphabet Inc. (GOOGL) the parent company of online search giant Google has been ordered to pay a former Australian politician, John Barilaro, A$715,000 ($515,000) over refusal to take down YouTube videos which were ‘relentless, racist, vilificatory, abusive and defamatory’ which caused the politician to lose his seat. The Federal court established that Google intentionally hosted […]

Leading e-Waste Recycler Attero to Spend $1 Billion in Building Additional Plants

India based provider of end-to-end electronics and electrical goods e-recycling company Attero Recycler announced it will be spending $1 billion in the next five years to build additional plants across Indonesia, Ohio and Poland. This development was announced by the company’s co-founder and chief executive officer, Nitin Gupta who said they are aiming at capitalizing […]

Amazon to Cease Supplying China Retailers With its Kindle

U.S leading online retailer Amazon Inc. (AMZN) will stop supplying China retailers with its Kindle e-readers it will also close its Kindle e-bookstore in China next year. This development comes as the latest pullback of Amazon from what it terms as a restrictive market in China. Amazon made this announcement through its WeChat account on […]

Mexico Accepts U.S Request to Investigate Labor Abuses Claims at Panasonic

Mexico’s Economy Ministry has accepted a request by the United States to probe into alleged labor abuses claims at an auto parts factory in the northern border city of Reynosa belonging to Panasonic Holdings Corp. (TYO: 6752). Earlier in the month, the U.S. Trade Representative (USTR) requested for the probe. This request went down as […]

Tata Motors Eyeing to Acquire Ford’s Factory in India

India based automotive manufacturing company Tata Motors Ltd. (NSE: TAMO) is eyeing to acquire a production facility in India owned by American car maker Ford Motor Co. (F). Tata has already signed an agreement to potentially acquire the manufacturing facility in the western state of Gujarat. Tata is aiming to purchase the facility in a […]