Petra Diamond Ltd and Ekapa Minerals Pty have acquired De Beers oldest diamond mine in Kimberley. UK's Petra Diamond Ltd partners with South African's Ekapa Minerals Pty to buy the oldest mines of De Beers in South Africa.
Sectors
China pledges $60B funding package support development efforts in world's poorest continent
China shows support to its long-time ally, Africa, by providing the continent funding support worth $60 billion.
Japan's aroma sensing developer, Aroma Bit, hired two influential advisors
Japanese startup aroma sensor developer Aroma Bit has appointed Batara Eto and Atsushi Tanaka as its advisors.
JPMorgan teams up with On Deck Capital to roll out new lending product
JPMorgan Chase has teamed up with On Deck Capital to accelerate the loan processing for the small business segment. On Deck Capital is an online provider of high-cost lending and will offer its technology platform for JPMorgan to speed up loan processing for its four million customers. JPMorgan will launch new Chase product in 2016 taking care of small-dollar loans.
Global merger and acquisition deals are dominated by Internet of Things - EY
The latest review by EY reveals that as far as mergers and acquisitions are concerned, the 3rd Quarter of 2015 was dominated by deals involving the Internet of Things. Each of the deal averaging USD1.2 billion in value.
Latest News
The unemployment rate in Italy dropped to 11.5 percent in October, the lowest since 2012, reported the national statistics agency Tuesday.
Subaru sold 526,401 units through November this year, surpassing its 2014 milestone record 513,693 unit sales.
Drug prescription firm Express Scripts Holding Co. found a way to offer a cheaper $1 alternative to Turing’s $750 a pill drug.
Ford will invest $1.3 billion in its Kentucky Truck Plant to support the production of its 2017 Ford F-Series Super Duty truck.
Spotify is now the world's most popular streaming music service, according to a new report from app analytics firm App Annie. The report also disclosed that Spotify has defeated ts biggest competitor; Pandora in terms of active users, downloads and revenue.
Facebook plans to build its first Asian data center in Changhua County, Taiwan. The company plans to invest $300 million for the data center that will sit on 20 hectares of land.
Victoria's Secret owner became a billionaire as his company soared 71 percent after its initial public offering in the Hong Kong exchange in October.
Vintage Electric just released an update to their old E-Tracker e-bike, giving some powerful upgrades to the battery and motor as well as some updates to their 1990's style design.
New York state is offering a unique pilot English language learning program that works through phone calls and text messages. Candelaria Lopez a Mexican immigrant, living in the United States for 20 years, was pretty much only comfortable saying “Hi”. It was hard for her to find the energy to sit through a 3-hour session after her long days as a farmworker in a New York’s Hudson Valley region.
