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UK government to remove all COVID-19 international travel restrictions
The UK government has announced that it will lift all remaining COVID-19 pandemic-related international travel curbs starting this Friday, including the requirement for visitors to fill out a passenger locator form before entering the country. Arrivals into the UK won’t have to take a COVID... Read More
U.S. to expand COVID-19 data collection system built under Trump era
The Biden administration is reportedly seeking to strengthen the federal COVID-10 tracking system established during the peak of the pandemic to obtain an in-depth record of the impact of respiratory and other diseases on patients and hospital resources. Sources claim that the plan will build on ... Read More
Mobility fintech startup Moove raises USD 105 Mn in Series A2 funding
Moove, an Africa-based mobility fintech has reportedly raised USD 105 million in the latest series A2 funding round. The firm offers vehicle financing to drivers on Uber as well as other ride-hailing platforms like gig networks. This round was led by existing investors Left Lane Capital, Speedinv... Read More
U.S. Govt pressured by patients with Alzheimer’s to pay for Biogen drug
Several patient groups have reportedly been joining hands to form a public pressure campaign to compel the U.S. government authorities to ease the proposed restrictions on new Alzheimer’s treatments, shelling out millions of dollars on local and television advertisements that began broadcastin... Read More
Congress plans to slash USD 2 Million from COVID-19 aviation fund
The aviation fund was created to cover up to half of eligible airline companies’ expenditures. The U.S. House of Representatives will vote on a bill that will shift USD 15.6 billion in COVID-19 relief funds to other COVID projects. A suggested bill to sustain the U.S. government'... Read More
Nestlé to open USD 73 Mn alternative meat production facility in Serbia
Nestlé S.A. has revealed it will soon open a new USD 73 million worth alternative meat production plant in Serbia, with the first phase of construction already been completed. The Swiss multinational food company is developing this site for its Garden Gourmet brand. This new site will span... Read More
McDonald’s to close all its restaurants in Russia over Ukraine conflict
Following Moscow's invasion of Ukraine, McDonald's Corp. announced a temporary shut-down of all 847 of its restaurants in Russia, raising pressure on other global businesses to halt operations in the nation. The shutdown of McDonald's restaurants will be symbolic in Russia, where the ... Read More
Strong ridership lifts Uber’s Q1 profit forecast to USD 150 million
With the pandemic waning, the return to daily life is accompanied by a rise in demand for ride-hailing services. Mobility service giant Uber Technologies Inc. has reportedly revised its forecasts for first-quarter core profit as it witnessed a faster than expected recovery due to a spike in airport ... Read More
Farm to retail startup Captain Fresh doubles its valuation to $500 Mn
Captain Fresh, an Indian harvest-to-retail platform for seafood, has reportedly bagged USD 50 million in a Series C funding, thus witnessing a twofold increase in its valuation to USD 500 million in just three months. Existing investors Tiger Global and Prosus Ventures led the most recent funding... Read More
Snowflake acquires open-source framework Streamlit for USD 800 million
Snowflake, a company that helps users manage and store huge volumes of data on cloud platforms without needing cloud vendor lock-in has reportedly acquired Streamlit, a startup that created a popular open-source project for developing data-based apps for USD 800 million. President and co-founder ... Read More