Saudi Oil Money To Help Power India’s Digital Revolution
Jio Platforms has reeled in another big investor, with Saudi Arabia’s sovereign wealth fund agreeing to pump $1.5 billion into India’s largest mobile commerce company. With the deal, the Saudi kingdom’s Public Investment Fund, or PIF, will control a 2.32 percent stake in Jio’s parent company, Reliance Industries, the company said in a press release. … Continue reading Saudi Oil Money To Help Power India’s Digital Revolution Continue Reading
Boston-based Eastern Bank, the nation’s largest mutual, is pushing ahead with plans to go public and shed its long-time format in a move that could raise nearly $2 billion, according to a press release. The more than 200-year-old bank, originally founded 1818, has filed plans notifying the U.S. Securities and Exchange Commission (SEC) of its plans for … 
Xandra van der Eijk will speak to Dezeen in a live Screentime conversation sponsored by Philips TV & Sound as part of Virtual Design Festival. Watch from 12:30pm UK time. The Dutch artist and designer will discuss her work with Dezeen’s founder and editor-in-chief Marcus Fairs. Van der Eijk is an alumna of the Royal Academy of Art and the … 
Transport design studio PriestmanGoode has developed a high-performance balloon and pressurised capsule for Space Perspective to take space tourists on a “cruise” around the stratosphere. Designed for American space tourism startup Space Perspective, the two-part spaceship is comprised of a four-metre-tall and five-metre-wide pressurised pod shaped like a spinning top, which is attached to a giant high-altitude balloon. The Neptune … 
In the second part of Virtual Design Festival’s day of talks with What Design Can Do, designer Anoushka Khandwala and fashion curator Sunny Dolat discuss how colonialism has shaped design. Watch live from 2:00pm UK time. Khandwala and Dolat will speak to Richard Van der Laken, co-founder of Amsterdam-based design platform What Design Can Do, about how … 
It was a big week for B2B FinTech startups in Latin America. Supply chain financing company Greensill revealed its acquisition of Colombia-based Omni, a small- to medium-sized business (SMB) lender that will enable Greensill to strengthen its Latin American footprint. “Latin America is a highly attractive growth market for us, and the acquisition of Omni will significantly expand our … 
The pandemic has introduced a major incentive for companies of all sizes to rethink their business models, and perhaps the most profound shift as a result of this trend is the migration of small, mom-and-pop shops to an online commerce model. It’s not a change easily accomplished, but thanks to eCommerce-as-a-Service solutions, launching an online … 
The Bank of Thailand plans to work on a new payment system for businesses using Central Bank Digital Currency (CBDC), according to a press release, which will be a step toward readying the business sector for the digital age. The release says the step will help CBDC reach wider audiences, beginning with corporate entities. The platform will enable … 
The founder and CEO of Wirecard AG resigned Friday (June 19) one day after auditors revealed 1.9 billion euros ($2.1 billion) were missing from the German payment processor’s accounts, The Wall Street Journal reported. Markus Braun “resigned today with immediate effect,” the firm said in a statement. The company said the decision was made “in mutual … 
The European Union (EU) plans to fight the effects of hostile rivals trying to take over businesses vulnerable after the coronavirus pandemic, the Associated Press (AP) reported. The move, announced on Wednesday (June 17), is aimed at the influence of China in the bloc’s single market, which has seen “distortive effects” of foreign entities facilitating takeovers …