Header-template

BUSINESS NEWS

Tech startups avoid Singapore and Hong Kong for US SPACs

Startups in Singapore and Hong Kong are avoiding their native stock exchanges in order to combine with USbased SPACs special purpose acquisition firms

Startups in Singapore and Hong Kong are avoiding their native stock exchanges in order to combine with USbased SPACs special purpose acquisition firms. Spacs offer potential businesses a different route to going public. They raise money through an IPO and then buy or combine with an existing company. The first nine months of this year have seen the announcement of at least 28 Spac acquisitions, totaling $23.4 billion. No Spacs from the Singapore or Hong Kong exchanges were however implicated in any of them. Numerous Spac transactions favoured brash newcomers in the tech industry. Read More..

B2B Tech News | 2 years ago        

The watchdog of the competition smells the takeover of CochlearOticon

The proposed $170 million acquisition of Oticon Medical has caused preliminary competition concerns, according to the Australian Competition and Consu

The proposed $170 million acquisition of Oticon Medical has caused preliminary competition concerns, according to the Australian Competition and Consumer Commission ACCC. The businesses are two of a select few in the world that produce and provide equipment used to treat more severe hearing loss. The watchdog is worried that the proposed acquisition would significantly reduce competition in markets that are already very crowded. Read More..

B2B Tech News | 2 years ago        

Cristiano Ronaldo is set to sign a $207mayear contract with a soccer club in Saudi Arabia

Cristiano Ronaldo has been offered a two and a half year contract by Saudi Arabian team Al Nassr, which would make him by far the most paid athlete in

Cristiano Ronaldo has been offered a two and a half year contract by Saudi Arabian team Al Nassr, which would make him by far the most paid athlete in the world. Lionel Messi and LeBron James are the only other athletes in the world who make more than $100 million annually. After being released by Manchester United earlier this month, Ronaldo is currently without a club. Top European clubs like Bayern Munich and others have backed off from pursuing Ronaldo. Read More..

B2B Tech News | 2 years ago        

The easing of US sanctions on Venezuelan oil is causing a weak supply boost

The ports on the Gulf of Mexico coast of the United States will soon resume shipments that have been suspended for more than three years. After the US

The ports on the Gulf of Mexico coast of the United States will soon resume shipments that have been suspended for more than three years. After the US eased restrictions on Chevrons operations in Venezuela, the first tanker carrying approximately 1 million barrels could set sail as soon as this month. The agreement does not put an end to the two sides talks about the release of political prisoners. The output of Venezuelas dilapidated oil industry has fallen to around 700,000 b/d from a decade ago. Read More..

B2B Tech News | 2 years ago        

Hackers download more customer data from Australias largest health insurer, Medibank

The largest health insurance in Australia, Medibank Private Ltd, claims that more of its stolen medical records have been made public by hackers. The

The largest health insurance in Australia, Medibank Private Ltd, claims that more of its stolen medical records have been made public by hackers. The most recent release comes after gradual uploads that started when Medibank said on November 7 that it would not pay a ransom. The full set of data on millions of customers is now available, according to media reports. Due to an increase in cyberattacks recently, Australia has been struggling. Read More..

B2B Tech News | 2 years ago        

Plantbased food brand Huel adds $24 million to the fire in new funding round

Huel, a UKbased manufacturer of vegan, lactosefree, and soyfree nutritional bars, supplements, and meal replacement shakes, has raised $24 million in

Huel, a UKbased manufacturer of vegan, lactosefree, and soyfree nutritional bars, supplements, and meal replacement shakes, has raised $24 million in a new round of funding. Highland Europe led the round, with Idris Elba, Jonathan Ross, and Grace Beverley also participating. Huel intends to continue product innovation, expand further into retail, and expand internationally. Read More..

B2B Tech News | 2 years ago        

Dominos raises $165 million to buy out German partner after securing deal for two new Asian territories

Dominos Pizza Enterprises is looking to raise $165 million to buy out its German joint venture partner. A $150 million fully underwritten institutiona

Dominos Pizza Enterprises is looking to raise $165 million to buy out its German joint venture partner. A $150 million fully underwritten institutional offer and a $15 million share purchase plan will be used to raise capital. The price of the institutional offer will be determined by a bookbuild that will take place today. Dominos intends to use a portion of the planned $165 million capital raise to pay down debt, which totaled $635 million as of the end of June this year. The group has over 1,400 stores in Europe, accounting for nearly half of its 3,387 stores worldwide. Read More..

B2B Tech News | 2 years ago        

Mozambique court begins reading verdict in $2 billion hidden debts case

In a case involving 19 people accused of various crimes for their alleged roles in the disappearance of hundreds of millions of dollars in governmentb

In a case involving 19 people accused of various crimes for their alleged roles in the disappearance of hundreds of millions of dollars in governmentbacked loans, a court in Mozambique began handing down its verdict on Wednesday. The 19 were accused of offences ranging from money laundering to bribery and blackmail in connection with a $2 billion hidden debt scam that wrecked the countrys economy. Among them were former state security officials and the son of an expresident. The defendants, who all appeared in court on Wednesday, have all denied wrongdoing. It would probably take five days to read the 1,388page judgment, according to judge Efigenio Baptista of the Maputo City Court. Read More..

B2B Tech News | 2 years ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts


1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   8809   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   7324   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   7649   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   7761   

5.  Approximately 8 billion gadgets connect on the internet every day.
   8934   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!


Where do you go to learn more about whats happening in your industry? Check all that apply.