Facebook owner enters into USD 60 Mn deal to gain ‘Meta’ name rights

Facebook owner, Meta Platforms has purchased name rights to U.S. bank Meta Financial Group, through Delaware-based firm Beige Key LLC. Meta Financial and its subsidiary MetaBank will have a duration of one year to eliminate ‘Meta&r....

South Korea to utilize AI facial recognition to track COVID-19 cases

South Korea is reportedly set to launch a trial project employing AI, facial recognition, and thousands of CCTV cameras to track the movement of coronavirus-infected individuals, regardless of their privacy concerns. This initiative in Buc....

IPO-bound Ola now valued at USD 7.3 billion after Edelweiss investment

Indian ride-hailing giant Ola has reportedly raised USD 139 million and is now valued at USD 7.3 billion. The news comes ahead of Ola’s planned initial public offering (IPO) which is scheduled for the first half of 2022. The recent f....

U.S. sees high demand for COVID-19 booster shots amidst Omicron fears

The U.S. is witnessing a record high surge in demand for COVID-19 booster doses amid rising concerns regarding the newly found Omicron coronavirus variant, prompting millions of Americans to get these shots. The government data shows that ....

Investors pressing F&B companies, govts over global nutrition crisis

In the face of global nutrition crisis, investors handling USD 12.4 trillion worth of assets are urging governments and food & beverage businesses to speed up the transition to healthier product offerings. In a pledge made at Tokyo Nut....

Toshiba rejects potential private equity buyout and Brookfield offer

Japanese multinational conglomerate Toshiba Corporation has reportedly declined potential private equity buyout offers at a significant premium. It has also walked away from talks of a minority stake holding from Brookfield Asset Management....

Omicron variant spreads to one-third of U.S. amid unceasing Delta wave

The new COVID-19 Omicron variant has reportedly spread to one-third of the United States. However, as infections spread across the country, the Delta variant still remains the most common, according to U.S. health experts. Dr. Anthony Fauc....

U.K. signs vaccine supply deal with Pfizer, Moderna over Omicron fears

The country has now set a two-month target to provide the third dose of vaccines to every citizen aged above 18. The U.K. government is also set to sign vaccine deals with top companies like Novavax, Sanofi and GlaxoSmithKline. The Uni....

U.S. introduces new COVID-19 travel rules to suppress Omicron threat

Air passengers in the United States will reportedly be subject to extensive COVID-19 testing rules as several nations are sealing off their borders fearing the virulence of the Omicron variant and its ability to evade existing vaccines. Ac....

eBay buys partner firm Sneaker Con Digital’s authentication business

E-commerce corporation eBay has entered into an agreement with and Sneaker Con Digital to acquire the latter’s sneaker authentication business. The acquisition is an expansion of the ongoing partnership between Sneaker Con and eBay, w....

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