Martin Hughes, founder of Toscafund warned that United Kingdom withdrawal from European Union will also force Ireland to quit. Brexit is also feared to bring recession in the UK
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African Dignitaries Join Investment Forum, Aims to Establish a Free Trade Zone
Heads and ministers of some African countries, representatives from business groups and other dignitaries will meet in Africa 2016. Egyptian government has organized the summit scheduled to be held on February 20-21. During the summit, the participant leaders will discuss ways to remove hurdles in Businesses and establishing a free trade zone in Africa.
Modo Payments raises $2 million in funding round
Dallas-based Modo Payments has raised $2 million in a funding round headed by Tim Keith. The company will use the money from funds to widen its payment services buisness.
Bank of Japan's Koji Ishida Warned Negative Interest Rate Do Very Little to Boost Investment
Koji Ishida, Bank of Japan's policy board members said the negative interest rate will do very little to boost investment. Continuing tumult in the market may hurt Japanese economy.
Cott Posts Profit in Q4, Earnings Gained with Help from DS Service Coffee and Water Business
The soda maker Cott Corp posted fourth-quarter adjusted net income of US$3 million, boosted by the growth in the DS Services coffee and water home delivery business.
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The England’s county of Cornwall is being reported to have substantial growing tech community as it ranks second for growth in the UK. The region is still striving to achieve better growth with the improvement of funding and workers’ skills.
PowerMoves celebrates Miami Demo Day every year since starting journey in 2014. It helps in transforming tech startup ideas into businesses derived from black women entrepreneurs. This year, RediFit, developer of a tech induced knee sleeves for the athletes useful in avoiding injuries, has won the $25,000 prize.
The travel industry intelligence platform in a podcast reveal the condition of startup and venture capital funding in travel industry. Two industry experts are present in the podcast.
Video analytic and collaboration company Vyopta announced on Thursday to receive Series A funding, AVX Partners lead the funding, which will be used to strengthen the company's product development.
A startup offering online eye tests received a $6 million funding in a Series A round to help expand the coverage of its service as well as acquiring more advanced technologies. The company claims that their services are clinically proven and accurate, in addition to being more convenient and affordable.
Citigroup raises salary of its CEO to $16.5 million in 2015. The bank has managed to be more efficient in operation under Corbat's leadership and passing mandatory stress test.
A leaked document revealed Facebook’s plan to start monetizing on of its fastest-growing and most popular product, the Messenger. The document stated that in the second quarter this year, a new feature would be launched, allowing businesses to send advertisement chats via Messenger.
One of India’s biggest drug maker, Cipla, has received the government’s approval allowing the company to carry out an investment agreement formed last year with Mauritius-based FIL Capital Investments. Cipla is one of the 10 companies which had their clearance while the government also rejected 5 other foreign investment proposals.
InVisage unveiled SparkP2 for Internet of Things instruments. The SparkP2 has the potential to arrest 2-megapixel pictures and consumes less power than the traditional silicon cameras.
