Vestas encounters €80M net loss due to supply chain challenges

Vestas Wind Systems, a Danish manufacturer and seller of wind turbines, has recently encountered a net loss of €80 million in the 1st quarter, despite solid sales & order bookings. The company explained the setback to be the result....

Financial supermarket GoBear acquires digital lender AsiaKredit

GoBear, a Singapore based financial supermarket, has recently announced that it has acquired AsiaKredit, an end-to-end digital consumer lender. The acquisition is known to be a part of the strategy of GoBear for expanding the business as we....

Coronavirus lockdown to take a toll on U.S clean energy sector

The U.S. renewable energy industry is one of the major impacted sectors amidst the ongoing coronavirus pandemic. Several construction projects are put on hold and thousands of skilled laborers are forced to face the wrath of layoffs and job....

Euronet acquires Dolphin to expand ATM outsourcing market in U.S.

Euronet Worldwide, an electronic payment services provider, has recently completed the acquisition of a U.S.-based ATM outsourcing company, Dolphin Debit. Dolphin delivers comprehensive services of over 1,900 ATMs for the company’s 30....

Australia to begin human trials for COVID-19 vaccine made by China

Linear Clinical Research, a research and clinical facility in Perth, Australia, has confirmed a human trial of a coronavirus vaccine that has been developed by China. Sources familiar with the matter said that research and clinical facility....

Saudi Wealth Fund acquires 5.7% stake in Live Nation for USD 500 mn

As concerts and live events have been put on a halt across the world, Live Nation, one of the leading event promoters, has been hit hard due to ongoing coronavirus pandemic. The government of Saudi Arabia’s Sovereign wealth fund has t....

CIB announces acquisition of 51% stake in Kenya-based Bank Mayfair

The Commercial International Bank (CIB), an Egyptian private-sector bank, has reportedly acquired 51% stake in Kenya’s Bank Mayfair for USD 35.35mn after getting all required regulatory authority approvals from central banks in Kenya ....

Total bags about 131 MW of solar power projects in France

French multinational integrated oil & gas firm, Total SA has recently announced that it has bagged multiple solar power generation projects from a government tender in France, which aggregates to a total capacity of 131 megawatts. Repo....

360VUZ secures $5.8M in Series A round from venture capitalists

360VUZ, an immersive virtual mobile app company, has recently secured $5.8 million from venture capitalists in a Series A investment round. These venture capitalists include 500Startups, Hala Ventures, Vision Ventures, Media Visions, KBW Ve....

NBCUniversal acquires Vudu, with Fox entering purchase deal with Tubi

The Fandango division of NBCUniversal has recently completed the acquisition of Vudu from Walmart. Additionally, Fox Corp. also has completed the purchase of Tubi for the sum of $440 million. The Vudu acquisition deal comes along the heels....