October 4, 2023
The European Union has pledged assistance worth 650 million euros to Ethiopia, nearly three years after it cut direct aid to the East African country over atrocities committed in a bloody civil war. Jutta Urpilainen, the EU commissioner for international partnerships, announced the agreement during a press conference with Ethiopian Finance Minister Ahmed Side in
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Business-to-business vendor-digitisation platform Bizongo raised about $50 million from its existing investors in a Series-E funding round led by Schroder Adveq, a Zurich-based private equity firm. The money was raised at a valuation of $980 million, 63% higher compared with the previous round of funding in August 2022, cofounder and chief executive Sachin Agrawal told
READ MORE Early-stage investor Artha Venture Fund, which has backed startups such as Agnikul and LenDen Club, has partially exited Mumbai-based fleet operator Everest Fleet for $2 million (around Rs 16.5 crore). Since 2019, the firm has invested a total of Rs 10 crore in Everest Fleet, which recently closed a $20 million funding round led by
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by Calculated Risk on 10/03/2023 06:33:00 PM Wards Auto released their estimate of light vehicle sales for September: September U.S. Light-Vehicles Sales Bounce Back Despite Gloomy Conditions (pay site). Hard to say exactly how much but sales could have been slightly stronger in September if not for some lost inventory caused by production cuts related to
READ MORE Digital health platform Clinikally has raised fresh funding of $2.6 million from Y Combinator, Tribe Capital and others, it said in a statement. Investors include Y Combinator, Tribe Capital, Goodwater Capital, Sequoia Scout Fund and Rebel Fund. Other angel investors included Dropbox cofounder Arash Ferdowsi, Cred founder Kunal Shah and BloomTech (formerly Lambda School) founder
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by Calculated Risk on 10/03/2023 10:00:00 AM From the BLS: Job Openings and Labor Turnover Summary The number of job openings increased to 9.6 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations changed little at 5.9 million
READ MORE Texas-based Krypton Solutions is likely to invest $100 million (Rs 832 crore) to set up a Printed Circuit Board (PCB) fabrication unit in Karnataka. Semiconductor manufacturing company Texas Instruments also affirmed its commitment to research and development (R&D) expansion in the state during a meeting with the state industries minister MB Patil in the US
READ MORE Singapore‘s Vertex Technology Acquisition Corp (VTAC) will buy live streaming platform 17LIVE Inc for up to S$925.1 million ($676 million), the special purpose acquisition company (SPAC) backed by state investor Temasek said on Monday. The deal is the first purchase of a private company by a SPAC listed in the city-state since 2021 when the
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Former Polish prime minister Donald Tusk claimed over 1,000,000 people packed the streets of Warsaw on October 1, for a massive rally of support for his opposition Civic Coalition. The event was dubbed the Million Heart March and came ahead of October elections in which the ruling conservative Law and Justice party is widely expected
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The demand for housing in Canada drastically outweighs the supply. The Canada Mortgage and Housing Corporation (CMHC) has confirmed that fewer new builds are expected for 2024. In fact, the agency anticipates that Canada will be short by 3.45 million homes by 2030 – right on time. Better yet, the gap is certain to widen
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