WPP Plc announced its purchase of a stake in the multi-platform agency Candyspace Media Ltd. WPP Plc, the advertising firm, announced it had acquired a minority stake in Candyspace Media Ltd, a multi-platform agency based in the United Kingdom.

Swiss startup KeyLemon had received USD1.5 million in Series A funding from Debiopharm Investment and Swisscom Ventures.

Istithmar World announced the appointment of Ziad Makkawi as its new CEO. The state owned conglomerate of the United Arab Emirates, Dubai World, announced the completion of a USD 25 billion debt restructuring in 2011.

With the pending completion of the third largest deal in history, the CEOs of Verizona and Vodafone are near the goal that had eluded their predecessors.

two sources told Reuters that Emirates would hire former Standard Chartered Plc's executive Manoj Chawla as its Chief Risk Officer.

South African Airways and Brazil's TAM Airlines signed a codeshare agreement to increase travelers' access to destinations in both countries.

The Dogan Group made a USD 742 million offer to purchase 53% of Digiturk, a digital pay-TV provider.

Mark Carney, Chairman of the Financial Stability Board, said banks had infused fresh capital amount to half a trillion dollars since 2009.

John Malone, the US cable magnate who owns Liberty Global Plc said the company would consider proposals but is content with how the company is at present.

Technology and startup blog e27 backtracked on its earlier report that the formation of Alliance for Venture Capitals (AVCII) in Indonesia last week was merely a casual lunch date to discuss topics and future policies for the internet startup community.