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Funding

Tasting Panel Meets To Judge Local Wines

Popular Wine App Vivino Raises $25M to fuel growth

Popular wine mobile app Vivino raised $25 million in Series B round to expand its operations in top wine consuming countries in the world.

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Behind The Scenes At The Bristol Airbus Factory

Airbus Ventures' 1st investment takes off

Airbus Group's corporate venture capital fund Airbus Ventures has announced its first investment that was extended to a Phoenix-based Local Motors Inc. Airbus Ventures is keen on startups in the aviation industry that support Airbus business strategy. Local Motors Inc develops open source designs for building cars, helicopters and airplanes.

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Inside The 2016 Consumer Electronics Show

Qualcomm & TDK Form $3 billion Venture To Develop Smart Phones Using Radio Frequency Chips

Qualcomm Inc. and TDK group tie up to form a $ 3 billion project in Singapore. After completion of the venture by 2017, Qualcomm will own 51% of the new company with a provision to purchase TDK’s stake at a later time. Following the joint venture, Qualcom’s share price has fall a little but TDK share price has jumped by 5.5%, highest change within last two moths.

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Solar Powered Christmas Tree Lights Up Brisbane

Global solar energy firms bid for projects in Australia

Several firms from Canada, China and Europe among 77 renewable energy firms have submitted bids for solar projects in Australia. The Australian Renewable Energy Agency (ARENA) has shortlisted 22 projects, which will have capacity of 766 megawatts at combined project cost of $1.68 billion. The solar energy projects developers will also receive a grant of $30 million for each project from the Australian government.

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Cyber Attacks

Shape Round Raises $25 Million Fund Series D, Eyes Chinese Ecommerce Market

Like other tech giants, Shape Security Inc., ‘Botnets’ security service provider has been eyeing to enter into Chinese ecommerce market since long. Inclusion of Beijing based investor, Northern Light and raising sufficient funds for spreading elsewhere- appear as two contributing factors. These factors have led Shape to penetrate the world’s largest ecommerce zone.

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Inside Maluuba Inc. As Canada, Which Birthed The Current AI Boom, Risks Losing Its Edge

Leaders Fund Established $100 Million Venture Fund Targeting Software Startups

A group of technology executives in Canada and U.S. launched a Toronto-based $100 million venture fund. The group is focusing to fund enterprise software to establish its investment portfolio.

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Developers And Coders Attend The TechCrunch Disrupt London 2015 Hackathon

U.S. Venture Capital Fund Dropped 9% in 2015, But Strong Pace Continued

Venture capital fund in the U.S. dropped by 9% in 2015, but a strong fundraising pace from 2014 continued. Investor become more selective to put the capital in startup companies.

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Developers And Coders Attend The TechCrunch Disrupt London 2015 Hackathon

Venture Capital Firms Face Slowdown in Tech Funding

Venture capital firms raise less capital and face a slowdown in tech funding for 2015. However, the number is still above annual average since 2006.

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Santa Claus Visits Migrants Shelter

UN needs $500-mln fund requirement for Syrian children education

The United Nations (UN) has received funding of $250million and needs additional $500 million for education programs for over one million Syrian children. Gordon Brown, the former UK Prime Minister and UN envoy for global education, is committed to mobilize money in next month. Brown has decided to raise money from the World Economic Forum (WEF) in Davos and other international conferences.

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Clinton Global Initiative 2015 Annual Meeting - Day 4

Former Facebook president Sean Parker gave half million dollars for marijuana legalization initiative in California

Former Facebook exec Sean Parker gave $500,000 to a newly formed group that aims to legalize recreational marijuana use in California.

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UK Student In Custody On Drug Smuggling Charges

Citigroup cancels airline credit facility

After the cancellation of short-term credit facility from Citigroup, South African Airways is in the process of getting guarantee support from the government. South African Airways has had seven CEOs during the past three years. The National Treasury is exploring ways to restore financial support to the airline and will restructure the board as well.

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SAUDI-DESERT-OIL-ARAMCO

HSBC and JPMorgan Well Ahead In ARAMCO IPO Race

State-owned Saudi Arabian Oil Co. (ARAMCO) is possibly going for an IPO aiming to raise funds for $1 trillion to $10 trillion. Some shares of the IPO may be awarded among the local banks and investors following ARAMCO’s action plan. However, experience in banking operations in the kingdom is believed to play the key role for selection which put HSBC and JPMorgan well ahead in the IPO grabbing race.

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Key Speakers At The TechCrunch Disrupt Summit

Y Combinator Reshuffles Executives, Gmail Creator Flagships ‘The Startup Accelerator’

In a major setback, Silicon Valley’s largest startup accelerator reshuffles assignments for top executives. After five years of joining, Gmail and FriendFeed dreamer Paul Buchheit replaces Sam Altman as managing partner of startup accelerator’s core program. Sam Altman is reportedly assigned to advise his successor managing partners while overseeing the entire program.

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Inside The 2016 Consumer Electronics Show

Lily self-flying camera drone earned $34M in pre-orders, says CEO

Lily Robotics’ self-flying camera drone sale has earned $34 million in pre-orders, announced its CEO at the CES 2016.

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Airbnb

Airbnb confirms $1.5 billion fund raising round

Airbnb, the US home-sharing startup, has confirmed closing of $1.5 billion fund-raising round. The latest closure of fundraising puts the unicorn startup at staggering valuation.

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