NEW YORK: Emerald Holding, Inc. (NYSE: EEX) announced Monday its acquisition of all assets of London-based Insurtech Insights, a leading company in the insurance technology community. The move marks Emerald’s entry into the burgeoning insurtech sector and supports the company’s strategy to broaden its portfolio through acquisitions in high-growth markets. Founded in 2018, Insurtech Insights is renowned…
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Airbus Ventures invests in Featherless.ai
Airbus Ventures has announced its investment in Featherless.ai, a leader in serverless AI inference platforms. The innovative technology developed by Featherless.ai optimizes GPU utilization, reduces costly downtime, and significantly lowers operational expenses, enabling AI inference at reduced costs. “AI has the power to transform industries and empower individuals around the globe,” said Eugene Cheah, founder…
Vista Global secures $600 million equity investment led by RRJ Capital
Vista, the global leader in private aviation, announced Monday that it has signed a definitive agreement for a $600 million equity investment from a consortium of investors led by Asian investment firm RRJ Capital. This strategic funding marks another milestone in Vista’s growth journey and reinforces confidence in its business model and long-term vision. The investment will…
Japan’s Taiho Pharmaceutical to acquire Swiss Biotech Araris for $1.14 billion
Swiss oncology biotech firm Araris Biotech AG has entered into an acquisition agreement with Taiho Pharmaceutical Co., Ltd, marking a significant milestone for the advanced therapies industry, 4BIO Capital announced Monday. The Japanese company will pay $400 million upfront, with additional milestone payments potentially bringing the total to $1.14 billion. The acquisition is set to close in…
China Eastern Airlines new route between Shanghai and Abu Dhabi to start next month
China Eastern Airlines (CEA) just announced the launch of a new direct route between Shanghai Pudong and Abu Dhabi. The service, set to commence on April 28, will make CEA the first Chinese airline to connect the two cities. The flights will be operated under a joint partnership with Etihad Airways. The new route, designated as…
bd-capital closes second fund at €430 million, surpassing target
LONDON: bd-capital, the pan-European, operator-led investment firm, has announced the final closing of its second fund, bd-capital Fund 2 (“Fund 2”), at €430 million. The fund exceeded its target of €350 million by more than 20% after less than twelve months in the market. With the closing of Fund 2, bd-capital’s assets under management now total…
U.K. economy shrinks by 0.1% in January
LONDON: The United Kingdom’s economy unexpectedly contracted by 0.1% month-on-month in January, according to official figures released on Friday. The Office for National Statistics (ONS) attributed the decline primarily to a contraction in the production sector. Economists polled by Reuters had anticipated a 0.1% growth in the country’s GDP for January. The U.K. economy had previously…
Piraeus Bank to acquire majority stake in Ethniki Insurance
ATHENS: Piraeus Financial Holdings S.A. announced that its subsidiary, Piraeus Bank S.A., has entered into a Share Purchase Agreement (SPA) to acquire a 90.01% stake in the parent company of Ethniki Insurance from CVC Capital Partners Fund VII. The deal, valued at €600 million in cash, aims to diversify Piraeus’ revenue sources and enhance value for shareholders….
Ripple secures license to offer regulated crypto payments in UAE
DUBAI: Ripple, a leading provider of enterprise blockchain and crypto solutions, has obtained regulatory approval from the Dubai Financial Services Authority (DFSA) to offer regulated crypto payments and services in the Dubai International Finance Centre (DIFC). This makes Ripple the first blockchain-enabled payments provider to be licensed by the DFSA. The approval marks Ripple’s inaugural license in…
Bitcoin drops over 5% amid market volatility following Trump’s bitcoin reserve plan
Cryptocurrency prices tumbled Monday as market volatility persisted in the wake of an executive order by President Donald Trump to establish a U.S. strategic bitcoin reserve. The announcement, which fell short of investor expectations, triggered a sell-off across major digital assets. Bitcoin, the world’s largest cryptocurrency, fell more than 5%, trading at $81,712 as of…
Aghast Solutions secures $4.8 million funding for Asian expansion
Aghast Solutions, a pioneering tech startup, has successfully closed a $4.8 million funding round backed by private and institutional investors. This investment will fuel the company’s expansion into the Asian market, with new offices in Singapore, Thailand, and Hong Kong. Shifting its focus from vendor-based services, Aghast Solutions will now develop proprietary brands in the…
Seven & i Holdings appoints Stephen Dacus as first foreign CEO
Seven & i Holdings, the parent company of 7-Eleven, announced on Thursday that it will replace CEO Ryuichi Isaka with Stephen Dacus, the lead independent outside director. Dacus will become the first foreigner to hold the top executive position at the company, according to domestic media reports. Dacus will assume his new role on May…