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FINANCE & ECONOMY

Best’s Market Segment Report: Lebanese Insurance Market Faces Mounting Uncertainty

March 12, 2020

Best’s Market Segment Report: Lebanese Insurance Market Faces Mounting Uncertainty

Lebanon has a long history of economic and political instability. In the past, local insurers have been successful at navigating this challenging environment. However, recent civil unrest and a ballooning public debt have increased the level of economic uncertainty, which is negatively impacting the credit quality of Lebanon’s insurance market.

In"... Continue Reading

The LEGO Group and Nintendo partner to take legendary brick-building to a new level

March 12, 2020

The LEGO Group and Nintendo partner to take legendary brick-building to a new level

The LEGO Group announced a partnership with Nintendo that will change the way people interact with Super Mario in the physical world and engage in LEGO® experiences.

Both companies share a passion for innovation and play and their collaboration has led to a reimagination of the LEGO building experience, enabling an entirely"... Continue Reading

U.S. FDA grants Fast Track designation to empagliflozin for the treatment of chronic kidney disease

March 12, 2020

U.S. FDA grants Fast Track designation to empagliflozin for the treatment of chronic kidney disease

The U.S. Food and Drug Administration (FDA) has granted Fast Track designation for the investigation of empagliflozin to reduce the risk of kidney disease progression and cardiovascular death in adults with chronic kidney disease, Boehringer Ingelheim and Eli Lilly and Company (NYSE: LLY) announced. The designation was granted for the clinical investigation of empagliflozin in adults with chronic kidney"... Continue Reading

German ports brace for blow from disruptions

March 12, 2020

German ports brace for blow from disruptions

BERLIN: German ports are bracing for their trade to take a severe blow in the coming days as the coronavirus outbreak and related plunge in shipments from China compound a container shortage and push up transport costs in Europe’s largest economy.
Since ship deliveries from China to Germany take up to six weeks, the port of Hamburg, Germany’s largest trading hub, and smaller inland ports"... Continue Reading

Supermarkets to operate 24/7

March 12, 2020

Supermarkets to operate 24/7

Ministry of Commerce and Industry contacted Union of Consumer Cooperative Societies to open cooperative societies for a 24 hours daily.

In a statement, the ministry stressed importance on providing all basic needs and food supplies needed for citizens"... Continue Reading

Panic buying as essentials run out at stores

March 12, 2020

Panic buying as essentials run out at stores

KUWAIT: Long queues formed outside cooperative societies and retail outlets across Kuwait yesterday as people resorted to panic buying of essentials after the government declared a two-week public holiday in the wake of coronavirus outbreak in the country.

As soon as the news of the holiday broke, people rushed to supermarkets,"... Continue Reading

VDX.tv, A New Business Division of Exponential Interactive, Is Expanding Into the United Arab Emirates

March 12, 2020

VDX.tv, A New Business Division of Exponential Interactive, Is Expanding Into the United Arab Emirates

Digital advertising leader Exponential Interactive announced this week that it is rolling out its new, video-driven business division, VDX.tv, in all global markets. VDX.tv allows brands to serve tailormade video-driven experiences across screens, including connected TV (CTV) and Over the Top (OTT). This announcement is on the heels of a"... Continue Reading

Global Plant-Based Food Company, the LIVEKINDLY co., Launches a $200-Million Investment Supporting the Brand Portfolio of LIVEKINDLY, Fry’s Family Food, and LikeMeat

March 12, 2020

Global Plant-Based Food Company, the LIVEKINDLY co., Launches a $200-Million Investment Supporting the Brand Portfolio of LIVEKINDLY, Fry’s Family Food, and LikeMeat

The LIVEKINDLY co. is leading a movement to build a sustainable future, today, fueled by a $200-million founders’ funding round led by founders, entrepreneurs, and global leaders. Establishing a collective of heritage and start-up brands, the company is on track to become one of the world’s largest plant-based food companies.

Brands"... Continue Reading

SNOWPLUS Successfully Raises Funding, Continues Global Expansion Efforts

March 12, 2020

SNOWPLUS Successfully Raises Funding, Continues Global Expansion Efforts

SNOWPLUS has announced global investment results from 2019 through February 2020 amounting to approximately $125 million USD. The funding has come from investors in Asia, North America, Europe and the Middle East.

The company has confirmed funding from Hong Kong-based HK Rothsfortune Investment Management Limited among other investors"... Continue Reading

GetSwift Secures Funding up to US$45 Million from U.S. Alternative Investment Group

March 12, 2020

GetSwift Secures Funding up to US$45 Million from U.S. Alternative Investment Group

GetSwift Limited (ASX: GSW) (‘GetSwift’ or the ‘Company’), a leading provider of SaaS logistics technology, is pleased to announce that it has entered into a put option agreement (“Agreement“) with LDA Capital LLC (“LDA Capital“), a United States based private alternative investment group, which has agreed to provide the Company with up to US$45 million (“Commitment Amount”) in committed equity capital over the next 36 months. The Company will use this capital (as required) to continue to fuel growth and to hedge against developing global circumstances such as the Coronavirus. The capital will be accessed by the Company by exercising put options under the...... Continue Reading

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