FCC Faces Funding Shortfall in Effort to Remove Chinese Tech Giants Huawei, ZTE From Networks

A US scheme to pay carriers and ISPs to remove Huawei and ZTE equipment from their networks is stalled owing to a $3 billion financing gap.


Affordable Connectivity Program: Congress Fights to Refuel Low-Cost Broadband Program Amid Looming Expiration

The Affordable Connectivity Program's (ACP) funding is declining, leaving New Yorkers wondering how they will afford broadband internet in their homes...

BlackRock Joins Saudi PIF for $5B Investment in Riyadh's BRIM Platform

BlackRock and Saudi Arabia's PIF launched BRIM, a $5 billion investment platform in Riyadh. The platform aims to boost foreign investment, support local markets, and foster economic transformation...

Ryan Reynolds and Rob McElhenney Jump Into Mexican Soccer With Investment in Necaxa

Ryan Reynolds and Rob McElhenney, known for owning Wrexham AFC, have acquired a stake in Mexican soccer team Club Necaxa...


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KickStarter bans laser-powered razor campaign for lack of working prototype
Kickstarter, the popular online crowdfunding platform, has just banned a project for its failure to provide evidence of a working prototype. The project was for a laser-powered razor called Skarp whic
Airbus calls off talks with Bombardier on C-Series Jet project
The ongoing talks between Airbus and Bombardier have ended incomplete as the former called off discussions soon after they became public.
SoftBank invests $1bn in US fintech startup SoFi
Marking the first ever single major investment in financial technology (fintech) segment, SoftBank Group Corp has led an investment of $1billion in the US startup SoFi. Private equity (PE) firms such
Glencore to complete 2 deals to slash down debt
Suffering from weakening global commodities for the past one year, Glencore has informed its investors about its plans to reduce debt by $10billion. Towards this debt reduction target, Glencore is pla
Online lender Avant Inc raises $659mn from JPMorgan, PE firms
Chicago-based start-up lender Avant Inc has mobilized $325millions in its latest round of funding from a private equity (PE) firm General Atlantic and JPMorgan Chase & Co. Balyasny Asset Management an
Barrick Gold Corp buys back part of outstanding debt
As part of its debt reduction exercise, the world's largest bullion producer Barrick Gold Corp has offered to buy back some part of its outstanding debt. Despite the drop in gold prices, The Toronto-b
Top Crowdfunding Sites For Entrepreneurs Looking to Make their Startups and Projects Come to Life
Donation-based and rewards-based crowdfunding are the most popular ways for entrepreneurs to bring their startups and projects to life. Entrepreneur reports that 2015 is considered as "the year of cro
Zscaler raises $25mn from Google Capital to close $110-mn round
Zscaler, a California-based cloud security firm, has mobilized $25million from Google Capital, an equity investment arm of Google. Adding to the oversubscribed round, the total amount raised by Zscale
BHS secures GBP 65M loan for a 2-year turnaround lifeline
The UK-based department store chain British Home Stores (BHS) has secured a loan from Grovepoint Capital. The latest loan amount is believed to be worth GBP 65 million.
Disruptive technology destabilizes the economy as we enter the venture capital revolution
Analysts believe that, as we begin the age of venture capital revolution, disruptive technology draws majority of venture capitalists. But firms are becoming overwhelmed by high-tech innovations. That
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