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Digital Security Firm Elm Aiming to Raise $820 Million at its IPO

Saudi Arabia based digital security firm Elm says that it’s seeking to raise around $820 million (3 billion riyals) from its upcoming initial public offering (IPO). The company made this announcement on January 23 further adding that it has set an IPO price range for its share price. In the IPO, share of the company […]

Telenor Partners With AWS to Modernize its Telecoms Systems

Norway based telecommunications company Telenor ASA (OTCMKTS: TELNY) has entered into a partnership with Amazon Web Services (AWS) to speed up modernization of its telecoms systems which will boost the use of cloud technology to offer 5G and low-latency data services to professional clients. Telenor’s chief executive officer, Sigve Brekke, says according to this partnership, […]

Entree Capital Raises $300M for Early Stage Israeli Startups

Venture capital firm financing multi-stage startups and companies across the world Entree Capital announced having raised $300 million which it will be using for two new Israel-focused funds that aim to invest in early-stage Israeli startups. Following this funding round, the company now has $1 billion funds under its management. The company says it will […]

Twitter Introduces Feature Allowing Users to Flag Misleading Posts

Micro blogging and social media platform Twitter Inc. (TWTR) has introduced a new feature which allows users to flag tweets which contain misleading information on its social media platform to Spain, Brazil and Philippines. The company unveiled the pilot test for this feature back in August last year as part of its efforts of minimizing […]

Mastercard and Other Four Prepaid Cards Fined $45 Million by UK Regulator

Financial services company Mastercard Inc. (MA) together with other four payments companies have been fined 33 million pounds ($45.01 million) by Britain’s payments regulator, Payment Services Regulator (PSR) for cartel behavior involving prepaid card which they issued to vulnerable individuals on welfare benefits. The other four companies include; Prepaid Financial Services, Advanced Payment Solution, Sulion […]

Google Buys Building Worth $1 Billion in Central London

Giant technology company and leading search engine Google has purchased a building worth $1 billion in central London where it has its offices but as a tenant. The company says this move shows its confidence in the future of the office as a place to work. Currently, Google has 6,400 employees in London, the company […]

Apple’s Staff Will Now be Required to Present Proof of Booster Shot

Giant tech company and manufacturer of iPhone Apple Inc. (AAPL) will now require its employees to present a proof of having received a COVID-19 booster shot. This information was first published on The Verge who claimed to have sourced it from an internal memo from the company. According to the memo, starting from January 24, […]

Checkout.com Hits $40 Billion Valuation Following a $1 Billion Investment

Financial technology company Checkout.com announced having reached a $40 billion market valuation following an injection of $1 billion capital investment in the company. This new valuation indicates the company’s value has more than doubled in a period of one year. The company says it will be using proceeds from the fresh capital injection to launch […]

Nigeria Finally Lifts Twitter Ban Following Agreement to Open an Office in the Country

Nigeria has lifted the ban it had imposed on micro blogging and social media platform Twitter Inc. (TWRT) following a fall out after Twitter deleted a post from President Muhammadu Buhari that threatened to punish regional secessionists back last year. Thereafter, the government of Nigeria banned the social network from operating in the country and […]

India to Allow Importation of U.S Pork and Pork Products

United States Trade Representative Katherine Tai and Agriculture Secretary Tom Vilsack have confirmed that India has agreed to allow imports of pork and pork products from the U.S in the country. This announcement brings to an end a long-term barrier to U.S agricultural products into India. Vilsack says the U.S government is doing its best […]