Subiaco, Western Australia-based mining firm Balamara Resources Ltd agreed to divest three of its non-core assets located in the Balkans for A$15.2 million to focus on its flagship projects.
Europe
Procter & Gamble Co to unveil first smartphone-connected toothbrush
Procter & Gamble Co will be rolling out the world's first smart toothbrush, a brush that is connected to a smartphone app that will provide users with real-time advice on how to improve their brushing habits, Reuters reported.
Slowdown seem in Irish venture capital activities
Even if venture capital invested a quarter of a billion euros in Ireland-based firms last year, the Irish fundraising market is already slowing, the Irish Examiner reported.
China's Meizu and Spain's Bq to build first Ubuntu Mobile phones this year
Canonical, the parent firm of UK-based operating system Ubuntu, partnered with Chinese electronics firm Meizu and Spanish mobile gadget firm Bq to build the first Ubuntu Mobile phones this year.
UK's startup Brand Embassy secures $1M from Rockaway Capital and Spread Capital in seed round
Brand Embassy, the UK startup that provides an SaaS platform that helps firms improve their customer service on social media, has received $1 million from two new investors, TechCrunch reported.
Latest News
Tokyo, Japan-based Internet services company Rakuten Inc opened its first European research and development (R&D) facility in Paris, France, which is called the Rakuten Institute of Technology.
Prague, Czech Republic-based social media analytics firm Socialbakers scored $26 million in a Series C funding round led by Index Ventures to grow its workforce from 300 to 400 members.
Eigg, a small island which is part of Scotland's Hebrides archipelago, wants to be the world's first 100% renewable energy place by replacing current diesel generators with a network of wind turbines, hydroelectric plants, and solar panels as sources of electricity.
Safello, a Bitcoin startup based in Sweden was able to raise $600,000 in its seed funding round from Erik Vorhees, Zubair Quraishi and other unnamed backers.
County Kerry, Ireland-based financial services provider Fexco will UK-based foreign exchange firm InterCash for an undisclosed sum to establish the firm's position in the market as the country's economy starts growing again.
Switzerland-based drug manufacturer Novartis will be buying closely-held Massachusetts-based biotechnology firm so it will grow its range of immunotherapeutics products to treat cancer, Bloomberg reported.
The mobile carriers' connections for devices like cars, smart watches and thermostats are expected to increase to 250 million this year from last year's 195 million, Bloomberg reported.
Outfittery has secured new funding amounting to €13 million in a round led by Germany's Highland Capital Partners Europe to it can grow in European markets, TechCrunch reported.
In a bid to attract more startups, Walldorf, Germany-based sofware giant SAP planned to open a cafe in Palo Alto, California, where startups companies can hang out, collaborate, and connect to over 1,000 companies worldwide.
