Russia's economy starts eventually to improve even if Russia's global political standing. In October, in its latest World Economic Outlook,nternational Monetary Fund predicted that Russia's economy could return to growth in 2017
The prime minister of Singapore spent a three-day visit in Australia. The two countries had a trade agreement. Its purpose it to strengthen its ties in economy and in defense.
The two statesmen had signed the agreement on the said "Turkish Stream" project. The project is about building a gas pipeile from the Black Sea to Turkey. This will be then distributed to European Union nations.
China is really trying to make their country grow in all aspects even on their entertainment field.
China plans to have more upcoming investments in their mainland
Britain's economic competitiveness is at risk because of the Brexit vote. June 23 referendum will surely affect its current status being on the top for decade, say WEF.
Fever-Tree founders have reportedly sold their shares worth £18 million in total as a result of demands by investors. However, they claim to still be sticking with the business and still have the majority of their shares.
Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The deal placed by Goldman Sachs is expected to close on April 2.
Dumont & Blake Investment Advisors LLC reduced its shareholding in Apple by 6% in the final quarter of 2015. Dumont sold 2,164 shares of the company in the fourth quarter and currently owns 34,115 of Apple shares.
Iterum Therapeutics Ltd. secured $40 million in Series A funding led by Frazier Healthcare Partners together with other venture capitalists. The said fund will be used to acquire license and to enhance the development of the anti-infective drug that could counter certain bacteria's resistance to antibiotic.
Aurora Flight Sciences has been awarded a $89 million worth contract with a defense agency DARPA. The company is developing new design and technology that could enable its X-plane to do a vertical take-off, as well as hover and fly forward efficiently, potentially revolutionizing the military and commercial aviation sector.
Next Insurance raised a seed fund of $13 million led by Zeev Ventures together with TLV Partners and Ribbit Capital. The fund will be used to help small businesses seek and get insurance online without any difficulty.
UAE venture capital firm BECO Capital expects that the tech sector will spur amid the slowdown in the economy due to low oil prices. Especially in the region, the firm projects that tech startups will face a significant growth as the government seek to achieve diversification to non-oil sectors.
500 Startups is seeing a great potential in Vietnam, where more than half of its population are below the age of 30 and most adults are using smartphones. The Silicon Valley-based accelerator is preparing a $10 million investment fund dedicated for Vietnam startups.
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