The UK government is mulling on rule changes that would make it easier for small and medium-sized businesses (SMBs) to obtain funding from alternative financiers and new banks.
Local Business
Cold weather depresses retail sales in January
Retail sales fell unexpectedly in January and the number of Americans filing new claims for unemployment benefits rose last week, in the latest signs of slowing economic growth early in the first quarter.
Women-led startup Direct Local Food makes local food more accessible
Direct Local Food, a farming industry-focused startup led by two women, aims to champion local food by linking farmers with restaurants and grocers, VentureBeat reported.
LaunchPad opens co-working space for Huntington startups
Mineola-based LaunchPad in Long Island extended its reach to startups in Hungtington with the opening of LaunchPad Huntington, another co-working space where startups can rent desks and offices until they are able to expand to nearby offices.
Coworking space Rainmaking Loft invades Berlin
Starting February 27, London-based co-working space Rainmaking Loft will be opening 80 desks within a 1,000-square-meter office space in Berlin to provide startups with links between the Berlin and London tech markets.
Latest News
The number of internet cafés in China has decreased, a collateral damage to China's bid to go online as smartphones and tablet devices grow in popularity, a Financial Times report said.
Global private equity firm Providence Equity Partners will be exiting trade show company George Little Management to trade show operator Emerald Expositions Inc for $335 million.
The Max's Group of Companies has bought Philippine-based casual dining chain operator Pancake House Inc prior to the former's local stock market debut, in a deal valued at almost PHP3.9 billion.
Ultra-deepwater excavation specialist Marin confirmed is to acquire Aberdeen, Scotland-based trenching solutions provider AGR Seabed Intervention for an undisclosed amount after a successful alliance between the two firms this year.
New York-based venture capital firm Zelkova Ventures and several angel investors have committed $2 million in seed funding for North Brooklyn on-demand laundry startup FlyCleaners.
Beijing-based supermarket chain Wumart Stores Inc has cancelled its plans to purchase stores and equity shares from its rival C.P. Lotus Corp, but the reasons for the fallout were not elaborated in a report.
CubeSmart today announced that it has completed the acquisition of the previously announced $326.2 million self-storage portfolio in Houston and Austin, TX and Charlotte, NC.
Belgian postal group BPost said on Tuesday that its private equity backers, which still owned a 19.7 percent stake in the group after it was floated in June, would sell their shares in an accelerated bookbuild.
Philippine-based grocery chain Puregold Price Club Inc has purchased a 49.34% stake in supermarket chain San Roque Supermarket, with plans to increase Puregold's exposure in several Metro Manila areas.
