Google has planned to introduce WiFi network service in San Francisco during 2007 in collaboration with Earthlink. The initiative ultimately has gone into vein. Finally another Alphabet subsidiary, Google Fiber has announced introducing high speed gigabit internet service to some select places of San Francisco.
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Jacob Zuma fails to fulfill economic promise to South Africa
President Jacob Zuma is at the center of criticism over lack of infrastructure facilities to attract foreign capital and global companies. All quarters of the society are calling for government's commitment to restore business confidence on South Africa.
Sands China Foresees Recovery in Macau Casino Industry as The Company Prepares Its Newest Parisian Resort
China’s leading developer and operator of integrated casinos in Macau, Sands China, anticipate the casino industry recovery after a prolonged decline in revenues. The company is also preparing to finish its newest project, The Parisian Macao, to be launched later this year.
New Jersey Biotech Startup Visikol Received $500,000 Investment from Foundation Venture Group
Visikol Inc is a biotech company with focused on tissue visualization. On Tuesday, the company has secured a commitment from Foundation Venture Capital Group
Uber Plans Autonomous Test Driving In Hazelwood of Pittsburgh
Uber’s self driving car project has first drawn attraction with poaching 50 robotics researchers from CMU in early 2015. Recently it has appeared in the news headline again with the announcement of developing a test driving site for its self-driven cars in Hazelwood of Pittsburg. Though some automakers predict for introducing their autonomous vehicle by 2020, but Uber has kept mum in this regard.
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South Africa Tourism Minister Derek Hanekom said in the Meeting Africa 2016 forum that the boost in tourism could benefit the local economy. Tourism has been increasing phenomenally in recent years as the government aims to invest more in the sector.
UberMOTO is now made available in Bangkok competing GrabTaxi's GrabBike. Due to the staggering loss it incurred in China, Uber finds Bangkok as a fit location to pilot its motorcycle service program that will give two free rides to first-time riders until March 15 as its celebratory offer.
Former Hong Kong music popstar turned venture capitalist Andrew Chung established his own firm 1955 capital. With a $200 million fund, he expects to bring clean technology to China.
The Series A round was announced on Wednesday. The company has also licensed the rights for multiple immuno-oncology programs from Stanford University.
NASA is seeking new algorithms that could enable its Robonaut 2 to see better, despite the worn out sensors due to constant radiation. Coders can participate in a competition held by NASA and submit algorithms that could solve the problem and could also work with the humanoid’s existing central system and machinery.
Battery Ventures X has been closed in February 2013 with a fund of $900 million. Now, the Battery Ventures XI is going to be closed at $950 million, surpassing the predecessor funds. A large number of venture firms are expecting to receive funds in 2016, which may be good or bad news for some institutional investors.
The newly-elected managing director of the IMF, Christine Lagarde, spoke at the Global Women’s Forum 2016 regarding the global economy, especially in the wake of the China economic slowdown. Despite the prolonged slowdown, the IMF foresee that China’s lower growth was deliberate and healthy.
Due to the increased sale of Airbus superjumbo A380, the company's earnings rose to 1.6% last year. The aircraft maker is hoping another boost in its earnings this year because of the overwhelming order bookings from different countries.
Led by technology sector, venture capital (VC) investments in Canada reached 10 year high in 2015. Canadian Venture Capital & Private Equity Association (CVCA) said 536 deals in funding for entrepreneurs raised $2.25 billion in 2015.
