Sale of state-owned companies: Egypt plans to raise $6 billion

Selling state-owned companies will help stabilize the situation in Egypt The food crisis, geopolitical tensions, and rising inflation around the world hit the Egyptian economy hard. To stabilize the situation and support the domestic market, the government took desperate measures. It developed a program, one of the points of which is the sale of state-owned…

Developer Damac invests in Germany’s technology sector

Damac enters new markets One of the UAE's largest real estate developers, Damac, is entering a new area for itself: the technology sector. To this end, it has allocated 1 billion euros, which will go to the development of this industry in Germany. According to company representatives, the investment will be used to support data…

Fusion attracts more investors: FIA survey

Nuclear fusion: forecasts of the development of the field The International Fusion Industry Association (FIA) has published a new report on the state of the industry. According to the document, investments in nuclear fusion have increased almost 2.5 times over the year. In this case, we are talking about commercial programs. Such dynamics suggest that…

Swedish startup Klarna received an $800 million investment

Klarna fintech valuation lowered to $6.7 billion Fintech Klarna raised $800 million in another round of financing. Investors included such companies as Commonwealth Bank of Australia, Sequoia, and others. Interestingly, the startup managed to get quite a large amount at a valuation of $6.7 billion. Klarna is the largest fintech in Europe, but its value…

Chevron Corporation became one of the investors in the TAE Technologies startup

Chevron invests in nuclear fusion technology The American corporation Chevron became one of the investors in the startup TAE Technologies, which is engaged in developments in the field of nuclear fusion. In addition to the energy company, the technology giant Google and the Japanese Sumitom Corporation invested in the project. A total of $250 million…

Revolut founder creates new venture fund Quantum Light Capital

Quantum Light Capital: features of an AI-based fund The businessman, who is known for creating the fintech Revolut, announced a new venture fund, Quantum Light Capital. The peculiarity of the latter will be that it will be based on artificial intelligence, which will help manage $200 million in assets. At Quantum, promising projects for investment…

Korea’s Hyundai Corporation invests in robotics development

Hyundai develops autonomous vehicles Korea's Hyundai Corporation will allocate $5 billion for the development of autonomous vehicles and robotics. The funds will be allocated in tranches until 2025 to the company's U.S. subsidiaries. The money will be used to develop artificial intelligence technologies as well as to expand developments in the field of unmanned electric…

Investment company Berkshire Hathaway acquired a stake in HP Corporation

Berkshire Hathaway continues to increase investment in the technology sector Investment holding company Berkshire Hathaway made a deal with computer equipment manufacturer HP from the United States. Warren Buffett's company bought 11.4% of the corporation's shares, the total amount of the acquisition amounted to 4.2 billion dollars. In total, the package includes more than 121…

Japanese automobile concern Honda Motor invests in electric vehicles

Honda Motor wants to expand the production of electric cars Japanese automaker Honda Motor plans to expand the production of electric cars. It intends to invest $40 billion in the production of 30 new models and expand its line of vehicles. Honda plans to produce about 2 million electric cars annually. This strategy will allow…

Softline acquired Indian IT solutions provider Umbrella Infocare

Softline expands its activities Softline announced the acquisition of Umbrella Infocare, which develops cloud technology solutions. The deal is one of the steps to create a modern center of Softline, which will deal with AWS technologies. This direction will allow the company to expand the list of services for the design and provision of cloud…

25.07.20220Comments

ByPress secretary

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