VENTURE CAPITAL POST

Abu Dhabi's TAQA is cutting its capital expenditures by reducing its workforce around the globe and sells it assets to recover from its losses.

To tackle volatility in the US banking market, regulators are enacting new laws time to time directing to absorb new technologies. Adoption of automated technologies coupled with aggression by fintech startups. A recent Citigroup study predicts that US banking sector may witness 30% job cutts by 2025.

Leader of network solution for home and business introduce a new wireless solution. Linksys introduces Wireless Access Point Cluster solution to manage up to 16 access points from single control.

Dyson with its new air purifier is aiming to create fresh air within the household environment. The company's newly launched Pure Cool Link air cleaner pledges to clean up the pollutants enveloping the home atmosphere.

AIG has announced in January planning for spinning off its mortgage insurer unit United Guaranty, following pressure from the shareholders. Following the announcement, Standard & Poor’s, a credit rating agency has downgraded its rating with specific reasoning. The mortgage insurer of AIG has disclosed through a regulatory filing that it intends to go for an initial public offering.

Multiple awards-winning actress Whoopi Goldberg announced her startup company on Wednesday. The company offer medical marijuana product to relieve menstrual pain for women.

Unity Technologies, a creator of gaming software, is reportedly in negotiations to raise funds, which could value Unity at $1.5 billion.

MetLife has announced in January planning for selling large portion of its US insurance unit. But the move has been suspended following imposition of designation as SIFI by FSOC. However, the FSOC move has been declared unlawful by a Washington court which paves the way for MetLife to go with its breakup planning.

Mexico will be rich in renewable energy as private energy companies flock to the state to provide them with electricity generated from clean energy to be sold to Comisión Federal de Electricidad. Italy’s Enel Green Energy won 3 projects and will build solar plants while others will provide energy from wind farm.

Tata Steel put its British business up for sale on Tuesday as the company faces continuous loss in its British operation. Thousands of jobs is at risk.

PepsiCo reorganize its North American operation. The company appointed Albert Carey CEO to oversee beverages, Frito-Lay and Quaker Foods divisions in North America, and two other executives.

Knesset has passed a bill that fixes maximum ceiling of executives in the financial institutions with no opposition. The bill turned law aims to reduce wage gap. However, a similar attempt in the US has backfired since the revised law allows exemptions for extraordinary performances.

Hoist Finance Publ AB has confirmed that negotiations are going on for strategic partnership with Bank of Greece. If fruitful, the strategic partnership may generate more opportunities in Greece economy through Hoist Finance.

Scotland commercial property recorded 33 percent growth rate in investments during the first quarter of 2016. Office buildings are adding value to Scottish property market. Over 40 percent of investments came from overseas investors.

The aggressive buying binge of SunEdison Inc has resulted in a total debt of $12 billion. The US-based clean-energy company may seek bankruptcy protection.