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AutoStore Aiming to Raise $315 Million From its IPO

Norway based unique and simple solution that uses robots and bins to quickly process small parts orders AutoStore says that it’s aiming at feting $315 million from its initial public offering (IPO) on the Oslo Bourse Stock Exchange. This initial public offering will go down as the largest IPO on the market for the last […]

Google to Cut Down Charges on Sales From its Cloud Marketplace

Alphabet Inc. (GOOGL) the parent company of leading search engine Google announced that it will be cutting down the amount it charges customers who purchase software from other vendors on its cloud marketplace. According to a report released by the company, Google is cutting down its percentage revenue share from 20% down to 3% for […]

Ninja Van Raises $578 Million in Latest Funding Round

Singapore based logistics company Ninja Van announced having $578 million from the latest financial round it held, the company made this revelation on September 26. Ninja Van which engages in last mile logistics and package delivery announced having added leading Chinese online retailer Alibaba Group Holding Ltd. (BABA) on its balance sheet as an investor. […]

Apollo Selling Italian Insurance Company Amissima Vita

United States based global investment management company Apollo Global Management (APO) announced having entered into an agreement to sell Italy based insurance company also providing reinsurance services Amissima Vita. Apollo global will be selling the insurance company to Bermuda based insurance and reinsurance company Athora Holding Ltd. This sale deal is subject to various regulatory […]

Freshworks IPO Raises $1.03B Leaving the Company with a $10.13B Market Valuation

Business software company targeting small and medium-sized businesses Freshworks Inc. (FRSH) has just concluded its United States initial public offering (IPO) from which it raised a whopping $1.03 billion leaving the company sitting on a market valuation of $10.13 billion. In the IPO, Freshworks sold 28.5 million shares with each share going for $36. The […]

French Artificial Heartmaker Performs First Ever Artificial Heart Implant to a Woman

France based medical device company focusing on developing advanced total artificial heart Carmat SA (EPA: ALCAR) announced having completed its first ever implant of its ‘Aeson‘ artificial heart in a woman. “This third implant in the U.S. was a landmark event not only because it allowed us to finalize the enrollment of the first cohort […]

U.S Resumes Talks With Embattled Huawei CFO Meng Wanzhou

The United Sates Department of Justice (DOJ) has resumed talks with the embattled chief financial officer of Huawei Technologies, Meng Wanzhou and her lawyers regarding resolving criminal charges leveled against the CFO. These talks are concerning an agreement which could allow Meng Wanzhou return to China. The embattled CFO was put under arrest in Canada […]

Amazon Planning to Double is Labor Force in Spain by 2025

Giant e-commerce company with operations in digital streaming, artificial intelligence and cloud computing Amazon Inc. (AMZN) says that it aims to double its labor force in Spain by the year 2025 to 25,000 workers. Amazon’s vice president and general manager for Spain and Italy, Mariangela Marseglia, says that according to their records, the company had […]

Three EX-U.S Intelligence Officers Admit Hacking U.S Networks For the UAE

Three former United States intelligence operatives have admitted having violated U.S hacking laws and prohibitions by hacking U.S systems and selling critical and sensitive military technology information to the United Arab Emirates (UAE). The operatives include; Ryan Adams, Daniel Gericke and Marc Baier. The three were part of Raven-a clandestine unit which helped the UAE […]

Epic Games Appeal in Apple Court Case Concerning Fortnite Video Game

The creator of famous video game ‘Fortnite’, Epic Games has appealed a court ruling made on its antitrust case against giant tech company Apple Inc. (AAPL). This ruling was made by a federal judge last week on Friday. According to the judge, Apple will have to loosen some measures on developers, nonetheless, the ruling favored […]