Eneos Set to Purchase Japan Renewable Energy in a $1.8 Billion Deal

Japan based petroleum company Enoes Holding Inc. (TYO: 5020) is looking forward to purchase Japan Renewable Energy in a deal which will cost about $1.8 billion (200 billion yen). This development was first reported on Nikkei Business daily on September 7. Currently, Japan Renwable Energy is jointly owned by United States multinational investment bank and […]

UBS Clients to Raise $650M in Largest Biotech Impact Fund

The wealthy clients of Swiss based investment bank and financial service provider UBS Group AG (SWX: UBSG) have raised $650 million for the biggest ever biotechnology impact fund. The bank made the announcement. Impact investing is a financial terminology used to explain the philanthropic goals into mainstream financial holdings. Just like financial returns, Impact investing […]

Rivian Automotive Considering Internal Battery Manufacturing

United States based electric vehicle manufacturer specializing in building sport utility vehicle and pickup truck Rivian Automotive announced that it plans to start building batteries in-house since the company has been securing batteries for its vehicles from South Korean supplier Samsung SDI CO Ltd. (006400). In a regulatory filing, the company says manufacturing its own […]

AstraZeneca Set to Acquire Caelum Biosciences For $500 Million

Pharmaceutical and biotechnology company focusing to pushing boundaries in the science space to deliver life changing medicines AstraZeneca Plc. (LON: AZN) announced that it’s planning to acquire Caelum Biosciences Inc. in a deal worth $500 million. Caelum Biosciences is a clinical stage biotechnology company specializing on developing treatments for AL Amyloidosis which is a rare […]

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 […]

Citibank Launches a Tech Unit in Bahrain Seeking to Expand its Digital Platform Reach

United States investment bank and financial service provider Citibank Inc. (C) has launched a global technology hub at its offices in Bahrain with an aim of expanding its digital platform in the global space. The bank says that it’s looking forward to employ 1,000 coders in the next 10 years. The tech unit is located […]

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 […]

Tencent and Alibaba Asked by Chinese Authorities to Stop Blocking Each Other’s Website Links

Chinese authorities have asked leading Chinese e-commerce company Alibaba Group Ltd. (BABA) and giant technology and entertainment company Tencent Holding Ltd. (HK: 0700) to stop blocking other’s website links from their platforms. The China’s Ministry of Industry and Information made the announcement through published media, a source from the ministry has already proposed standards to […]

Tesla Sold 44,264 China Made Electric Vehicles in August

Leading electric vehicle manufacturer Tesla Inc. (TSLA) sold a total of 44,264 China made vehicles in the just concluded month of March of August. Tis information was revealed by the China Passenger Car Association (CPCA). According to the data from CPCA, 31,379 of the vehicles were exported while the rest were sold locally. These sales […]

Roku Set to Launch Streaming Players in Germany

Manufacturer of digital media players offering access to streaming media content Roku Inc. (ROKU) announced that it will be launching streaming players in Germany before the year wraps up. This will come as the second-largest European roll out of such services by the company since the pandemic set foot. Since the pandemic began, there has […]