In May 2023, wholesale used vehicle prices reached their lowest level for the year, reflecting a decline in sales amid high interest rates and inflated retail prices. Cox Automotive, a leading provider of automotive services, reported a 2.7% drop from April to May in its Manheim Used Vehicle Value Index, bringing it to 224.5. This…
iGaming
Igaming is a term that refers to online gambling, such as casino games, poker, sports betting, and lottery. There are many igaming terminologies that you might encounter when playing or learning about these games. Here are some examples of common igaming terms:
Mobile Streams partners with Bitso to revolutionize sporting NFT market
LONDON, UK: Mobile Streams plc, a mobile content and data intelligence company listed on AIM, has announced an exclusive commercial partnership with Bitso, the leading financial services company powered by crypto in Latin America. Bitso, founded in 2014, has achieved significant growth, boasting over seven million customers globally. The company provides institutional services to 1,500…
Onebeat Raises $10M in Funding to Expand AI-Enabled Retail Platform
Onebeat, an AI-enabled retail-tech company based in Tel Aviv, Israel, has secured an additional $10 million in funding. The funding round was led by Magenta Venture Partners, with participation from AnD Ventures, INcapital Ventures, J-Ventures, Surround Ventures, and Wilson’s Bird Capital. The fresh funding will be utilized by Onebeat to fuel the expansion of its…
German Industrial Production Rises Below Expectations in April
Berlin, Germany: German industrial production showed a slower-than-expected increase in April, according to data released by Destatis, the federal statistical office of Germany. The figures indicate a mixed performance across different sectors of the German economy. Industrial orders in April rose by 0.3% on a monthly basis, following a decline of 2.1% in March. However,…
Brussels Airport and Shenzhen Airport Strengthen Ties with Sister Airport Relationship Agreement
Brussels, Belgium: Brussels Airport and Shenzhen Airport have solidified their strategic partnership by officially signing a Sister Airport Relationship agreement. This collaboration aims to foster closer ties between the two airports and facilitate the exchange of best practices in the high-tech industry and B2B e-commerce. The partnership between Brussels Airport and Shenzhen Airport seeks to…
STMicroelectronics and Sanan Optoelectronics to form JV for SiC device manufacturing in China
Chongqing, China: STMicroelectronics (NYSE: STM), a global semiconductor leader, and Sanan Optoelectronics, a prominent player in compound semiconductors in China, have signed an agreement to form a new joint venture (JV) focused on manufacturing silicon carbide (SiC) devices. The JV aims to meet the growing demand for SiC devices in China’s automotive electrification, industrial power,…
Wilh. Wilhelmsen Holding makes offer to acquire Treasure ASA
OSLO, NORWAY: Wilh. Wilhelmsen Holding ASA, a leading maritime industry group, has announced its intention to acquire all outstanding shares in Treasure ASA that are not already owned by Wilh. Wilhelmsen Holding. The offer, outlined in the offer document prepared by Wilh. Wilhelmsen Holding, aims to provide a liquidity event for all Treasure shareholders. The…
UK Consumers Embrace Embedded Finance, Opting for Streamlined Payment Experiences
A new study from Marqeta, the card issuing platform, has revealed that embedded finance is experiencing significant growth in the UK, with consumers increasingly embracing the convenience it offers, particularly in the realm of payments. The annual ‘State of Payments’ report surveyed 4,000 consumers across three continents, including 1,000 from the UK. The findings indicate…
Apple acquires AR startup Mira
Tech giant Apple has reportedly acquired Mira, a Los Angeles-based augmented reality (AR) startup. The news of the acquisition was revealed through the CEO of Mira on their private Instagram account, according to reports from The Verge. Mira is known for its headset technology featured in the Super Nintendo World experience, specifically in the popular…
Australia’s First-Quarter GDP Growth Below Expectations, Reflecting Slowdown
Australia’s gross domestic product (GDP) expanded by 2.3% year-on-year in the first quarter, slightly below analyst expectations, according to data from the country’s Bureau of Statistics. Economists surveyed by Reuters had anticipated a growth rate of 2.4%, compared to the 2.7% expansion recorded in the previous quarter of 2022. On a quarter-on-quarter basis, GDP increased…
Catapult enhances Pro Video Suite in European Football Season
SYDNEY, AUSTRALIA: Catapult Group International Limited (ASX: CAT), the global leader in performance technology for elite sports, has announced a series of innovative updates to its Football (Soccer) Pro Video Suite. These enhancements aim to provide teams with deeper insights and time-saving features for the upcoming European season. The latest upgrades include improved workflows, smarter…