Finance

Undoubtedly the pandemic has been overwhelming healthcare facilities across the world. Demand for healthcare equipment has been on the rise since the pandemic began. German based healthcare technology company Siemens Healthineers AG (ETR: SHL) has increased its financial guidance for the year following the increased demand for medical equipment courtesy of COVID-19. The company says […]

Singapore leading ride hailing, digital payment and food delivering company Grab Holding Inc is aiming to raise $4 billion from its NASDAQ listing after merging with a special purpose acquisition company (SPAC). Grab will be merging with a SPAC backed by Altimeter Capital Management, a Silicon Valley investor and this could go down as the […]

Dutch based health technology company Philips NV (AMS: PHIA) has revised its 2021 estimates upwards following increasing number of sales courtesy of the pandemic. Due to the pandemic, healthcare facilities across the world have been overwhelmed due to high numbers of COVID-19 patients. It is this experience which led to a rise in demand of […]

Beijing based online local service platform Meituan (HKG: 3690) raised a total of $10 billion in a stock and convertible bonds sale. This financing initiative sends a strong message that investors indeed have strong faith in the growth rate of the company. Following this financing, Meituan now has a market valuation of $220 billion. The […]

The Prime Minister of Malaysia Muhyiddin Yassin revealed that U.S tech giant Microsoft Corp. (MSFT) will be investing $1 billion to set up data centers across Malaysia in the next five years. Prime Minister Yassing says the project will be as a new partnership between government entities and the private sector. “As part of the […]

The video game unit of leading retailer Amazon Inc. (AMZN) announced having canceled an online video game based on the adventure series ‘Lords of the Rings’ which had been announced back in 2019. This game was being developed by at Amazon Game Studios in collaboration with China-based Leyou Technologies Holdings. Leyus was purchased by leading Chinese […]

Online pizza and food ordering platform Slice announced having raised $40 million from its latest financing led by venture capital firm Cross Creek. Two former executives at social network Twitter Inc. (TWTR) also participated in the financing round. The former individuals at Twitter included Dick Costolo who once served as Twitter’s chief executive officer from […]

United States based investment bank and provider of financial services Goldman Sachs Group Inc. (GS) will be opening a new office in the city of Birmingham, United Kingdom. The office will be a sign of the bank expanding its reach across Europe. Goldman Sachs says the first employees will start working in the office in […]

Currently the world’s richest man and Amazon Inc.’s (AMZN) chief executive officer Jeff Bezos said that he is supporting a hike in the U.S. corporate tax rate proposed by the administration of President Biden as part of an infrastructure overhaul. President Biden is seeking to increase corporate tax to 28% down from the current 21%. The […]

Startup developing technology for deploying autonomous vehicles for short-haul logistics Gatik is partnering with Isuzu North America Corp to build autonomous delivery trucks which Gatik will be using to serve its retail clients better. Silicon Valley based Gatik works with other companies including retailer Walmart Inc. (WMT) in Louisiana and Arkansas and Loblaw Companies Ltd […]