Money

Redefine Meat Raises $29 Million From its Latest Financing Round

Animal free-meat company Redefine Meat announced having raised a total of $29 million from its latest financing round which was led by venture capital firms Hanaco Ventures and Happiness Ventures. The company will be using the proceeds to support its 3D- printed meat business substitutes across the world. Redefine Meat has developed a technology it […]

U.S House Panel Approves $42.5 Billion as COVID-19 Relief for Transport Sector and Workers

United States House Transportation and Infrastructure Committee approved a plan to avail $42.5 billion as COVID-19 relief to transportation sector and workers, this allocation will be part of the greater $1.9 trillion COVID-19 relief plan by the U.S government. The house committee passed this approval on February 10, another committee is set to deliberate on a […]

Steve Cohen Quits Twitter Citing Threats Emanating From GameStop Surge

American billionaire and hedge fund manager Steve Cohen has deactivated his Twitter account alleging that he has been receiving threats linked to the astronomical surge of GameStop Corp. (GME) which happened two weeks ago. This unexpected surge saw the stock register gains of over 1700% in a two day period. This rally was fuelled by […]

Ant Group to Sell U.S Based EyeVerify

Chinese financial technology giant Ant Group Co Ltd (6688) is planning a sale of its United States based biometric security company EyeVerify. This development was first reported on Financial Times. According to Financial Times, Ant is already engaging some potential buyers from the United States. Insider sources which declined being revealed disclosed that Ant Group […]

Google Halts Donations to U.S Congress Members Who Voted Against Election Results

Alphabet Inc. (GOOGL) the parent company of Google products will be stopping contributions to United States congress members who voted against November presidential election results. The company made this announcement making it clear that any member who voted against certifying the results of the hotly contested Presidential elections won’t receive further donations from its political […]

IMF Approves $2.7 Billion Credit to Panama to Cushion Pandemic

The International Monetary Fund (IMF) has approved a credit of $2.7 billion to Panama, the cash will be used by the Central American country as a cushion to come out of the plunge it found itself courtesy of the coronavirus pandemic. The executive board of IMF approved the two year arrangement under its Precautionary and […]

Short Video Company Kuaishou to Open Books for $5 Billion Hong Kong IPO

Kuaishou Technology Co Ltd the parent company of chinese short video sharing app Kuaishou is set to open its books for its upcoming initial public offering in the Hong Kong stock exchange from which it will seek to raise $5 billion. The company will open its book for the IPO next week on Monday 25 […]

Vanguard Sells Stakes in Blacklisted Chinese Companies

United States based investment advisor Vanguard Group has sold stakes it held in Chinese companies blacklisted by the government of United States. Trump’s administration prohibited Americans from investing or dealing with some Chinese companies which it claimed have links with China’s military. The top mutual fund said the sell of its stakes in involved companies […]

Telus International Files for a U.S IPO of $100 Million

Canada based telecommunication company Telus International (CDA) filed with United States regulators seeking a U.S initial public offering of up to $100 million. Telus is mainly involved in providing multilingual customer service outsourcing and digital IT to clients across the world. The company says it’s looking forward to apply for its subordinate shares to get […]

Nyakaa Seeking a United States IPO and a $3 Billion Valuation

India based cosmetics retailing startup Nyakaa is planning to go public by next year in the United States markets. Nyakaa is looking forward for the IPO to leave it with a market valuation of around $3 billion. Nyakaa is backed by private equity firm TPG and the company is an application based startup. Nyakaa was […]