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Apple rolls out its first daily local newsletter for Bay Area readers
Apple, Inc. is reportedly launching its first daily local newsletter for the Bay Area and is actively working to expand to other cities. The newsletter, similar to a daily newspaper, includes top stories from various segments such as local news, politics, sports, dining, and more. Rather than rel... Read More
Social commerce startup Brimore secures USD 25 Mn in Series A funding
Brimore, an Egyptian social commerce platform, has reportedly bagged USD 25 million during a Series A funding round which was led by investors like IFC (International Finance Corporation) and Endure Capital. The round also saw participation from Flourish, Fawry, and Endeavor Catalyst Fund, ... Read More
Pearson acquires certification company Credly in a USD 200 Mn deal
London-headquartered Pearson reportedly acquired certification company Credly in a deal valued at USD 200 million. The move is intended to empower businesses with more products and services to help them train and retain workers in the face of tightening labor markets and adapting to rapid technologi... Read More
Automotive sales in the U.S. expected to slip for January 2022: Study
According to analysts from J.D. Power-LMC Automotive, vehicle retail sales in the United States are likely to fall for January 2022. This can be attributed to the restricted manufacturing output over Omicron disruptions, global inflation, and supply chain bottlenecks which have led to high automotiv... Read More
Cowboy bags USD 80 Mn in Series C funding to expand its e-bike business
Cowboy, a Brussels-based e-bike startup, has reportedly raised USD 80 million in a Series C funding round which was led by Siam Capital, HCVC, and Exor. The fundraising also saw participation from existing investors including Index Ventures, Tiger Global, Isomer Opportunities Fund, Eothen, Triple Po... Read More
Philips expecting a profitable summer amid receding supply chain woes
Dutch multinational health tech corporation, Philips announced that it is banking on a strong recovery of its sales volumes during the second half of the year, despite acceding to a sharp decline caused by the global shortage of parts in the upcoming months. Earlier in January, Phillips had warne... Read More
Lufthansa to acquire 40% stake in premium Italian airline ITA Airways
Germany’s largest airline Deutsche Lufthansa AG is reportedly in talks to purchase a 40% share in Italy’s flag carrier ITA Airways in a deal that might be revealed next week. Discussions about a partnership between the German partly state-owned Lufthansa and ITA Airways are currently ... Read More
Tech startup Dovetail bags USD 63 million in Accel-led Series A round
Australian customer research software startup Dovetail has reportedly raised USD 63 million in a Series A funding round led by U.S. venture capital firm Accel. The company has now raised little over USD 70 million in total, with its additional capital valued north of USD 700 million. The company&... Read More
Cadence Design Systems aims to capitalize on the global chip shortage
Cadence Design Systems Inc., a designer of microchip software, is reportedly betting on witnessing high demand for custom chips from automobile companies & other chip users who are facing increasing competition from corporate titans Tesla and Apple, who manufacture their chips. As per sources... Read More
Abacus Diagnostica, Kaivogen, and Labroxto merge to form Uniogen
Diagnostics pioneers Kaivogen, Abacus Diagnostica, and Labrox have reportedly teamed up to become a single multinational in-vitro diagnostics company called Uniogen. The new company named Uniogen Oy will offer a complete point-of-care testing package, including diagnostics for infectious diseases... Read More