The prime minister of Turkey, Recep Tayyip Erdogan, is planning to pass a law that will ban Facebook and YouTube in the country after recordings revealing his group's alleged corruption went viral on the Internet.
Sectors
US scrap metal recycler Upstate Shredding snaps up Brant Auto Parts
New York, US-based scrap metal processor and recycler Upstate Shredding snapped up Irving-based rival Brant Auto Parts for an undisclosed amount in an all-cash deal.
India-based Ranbaxy Laboratories Ltd recalls 64,000 bottles of generic Lipitor in US due to dosage packing error
Ranbaxy Laboratories has recalled 64,000 bottles of its generic version of Lipitor in the US after a 20-milligram tablet was found in a bottle for 10-milligrams, Reuters reported.
Tighter regulations await crowdfunding sector in UK to facilitate transparency and investor protection
The loan-based crowdfuning sector of the UK will be subject to stricter regulations by the UK's Financial Conduct Authority to safeguard the interests of investors and make it more transparent, the Yorkshire Post reported.
HSBC's Natalie Blyth learns business lesson from bees
For investment banker Natalie Blyth, the bees gave her a business model to follow and teaches her lessons about "risk, efficiency and productivity," Reuters reported.
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In the absence of rules that banned the use of commercial drones, Federal Judge Patrick Geraghty has ruled that these low-flying aircraft can be used for business purposes, TechCrunch reported.
Mobli, the startup that also offers a mobile photo and video platform, has announced its intentions to join the Nasdaq Private Market to provide its investors more liquidity, TechCrunch reported.
Optio Labs secured $10 million from parent company Allied Minds and other private investors for its Series A funding round. The company provides software solutions for mobile security, a statement about the funding said.
New York, US-based startup school General Assembly scored $25 million in a recent funding round to expand its tech and entrepreneurship course offering and to build new campuses.
Women-led angel investment network Angel Academe has invested in UK-based Buddybounce, a startup that seeks to help artists determine and reward their "super fans," TechCrunch reported.
Makati, Philippines-based holding firm Berjaya Philippines Inc will buy a 50% stake in London, UK-based property firm RBW Holdings Ltd in a cash deal valued at PHP3.7 million.
Applications are now being accepted for the third round of the Presidential Innovation Fellows program, the initiative that seeks to leverage on the expertise of the technology industry to improve the lives of Americans and government operations, VentureBeat reported.
After the collapse of Bitcoin exchange, the government of Japan decided not to regulate Bitcoin transactions because they do not consider it a currency, but a commodity that will be subject to sales tax.
Workable, a developer of SME-focused cloud-based recruitment platform, secred a $1.5 million investment in its latest funding round led by Greylock Partners
