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Insurtech: Concentration among top 10 players is accelerating

A new report from Deloitte finds that Insurtech funding is nearly even with the levels of investment seen in 2019. However, within this coronavirus era growth, the concentration among top 10 players is accelerating.

Pacific Huntington Hotel Corporation caught out in data breach

During the final week of August, as September casts an autumnal shadow, several major businesses have suffered major data breaches. Three prominent examples are considered, focusing on the impact to consumers of the business services.

Ethiopia unlocks one of the world's last closed telecoms markets

Addis Ababa - For delivery man Sisay Alebachew, the difference between a good and bad day depends on Ethio Telecom, Ethiopia's monopoly telecoms provider.

As Apple reports strong Q1 earnings, where does the firm go next? Special

Apple Inc. has reported strong earnings growth, issuing a statement on January 28, after the market closed. The iPhone 11 led the charge. Apple experienced double-digit growth in many developed markets, including the US, the UK, France and Singapore.

New study: The most popular unicorn startups

McGuffin Creative Group set out to explore the relationship between valuation and brand awareness among US-based B2C unicorn companies, revealing the most successful unicorns.

UK puts visas into pitch for post-Brexit trade with Africa

London - Prime Minister Boris Johnson told African leaders Monday that Britain would be more open to migrants from their continent after Brexit as he hosted a summit intended to boost trading ties.

Some surprising 2019 economic development investments

2019 was a tumultuous year for business investment in cities and communities across the U.S., from Amazon pulling out of its HQ2 plans in NYC, to fears of recession. What have been the most surprising economic development investments of 2019?

International survey looks into the R&D and innovation landscape

Ayming, the global business performance consultancy specializing in innovation, has issued a report titled International Innovation Barometer 2020. The report notes the importance of seeking employees with the right talents to ensure innovation success.

EU bank to stop funding fossil fuels in 'landmark decision'

Apo - The European Union's investment arm said Thursday it will stop funding fossil fuel projects from 2022 as part of a new strategy aimed at fighting climate change, in a decision environmental campaigners hailed as a "significant victory".

China's hottest investment: overpriced sneakers

Shanghai - Forget stocks, real estate, even cryptocurrencies -- China's hottest investment nowadays may be the Nike, Adidas, and Puma basketball shoes that "sneakerheads" like Hu Huaiyuan fight to get their hands on.

Alberta scraps production limits to encourage more oil drilling

Edmonton - The Government of Alberta, Canada, is now allowing curtailed operators to drill new conventional oil wells without being restricted by production limits. Existing producing wells will remain under curtailment.

Saudis scramble to raise cash for Aramco share sale

Apo - From tapping lenders to selling personal assets, Saudis are scrambling to raise cash to invest in Aramco stocks after the oil giant announced its blockbuster market debut even as it offered few listing details.

Saudi 'Davos in desert': Glitz, smiles, hidden name cards

Apo - Wall Street titans smiled and schmoozed at a Saudi investment conference widely shunned last year over a critic's murder, but as wariness lingers some delegates kept their name cards discreetly out of sight.

Global leaders, tycoons attend Saudi 'Davos in desert'

Apo - Top finance moguls and political leaders attended a Davos-style Saudi investment summit on Tuesday, in stark contrast to last year when outrage over critic Jamal Khashoggi's murder sparked a mass boycott.

Top executives expected at Saudi 'Davos in desert'

Apo - Top finance executives and political leaders have converged on Saudi capital Riyadh for a Davos-style investment forum, in stark contrast to last year's mass boycott following the murder of dissident journalist Jamal Khashoggi.

Saudi hosts 'Davos in desert' as outrage fades over critic's murder

Apo - Dozens of global policymakers and tycoons will attend a Saudi investment summit starting Tuesday, helping the kingdom turn the page on a critic's murder that triggered a mass boycott last year.

US's Mnuchin to attend Saudi event a year after Khashoggi murder

Washington - Treasury Secretary Steven Mnuchin will lead an American delegation to Saudi Arabia's annual financial conference, a year after widespread boycotts of a prior event over the murder of dissident journalist Jamal Khashoggi.

Carbon capture may go down in defeat as wind power takes hold

Fossil fuel stakeholders are leaning on carbon capture to keep coal and other fossil fuels relevant, but the technology has yet to prove itself commercially. However, renewable energy technologies are surging globally, and at competitive prices.

Philippine military warns on Chinese investment in key islands

Manila - The Philippine military on Tuesday warned plans by President Rodrigo Duterte's government to allow Chinese investors to develop three tiny but strategic islands could "compromise" Manila's security.

Consumer-products companies waste 60% of DX investments: Survey

With consumer-products, a new report finds that close to $50 billion invested annually in digital advertising and trade spend is failing to drive positive return-on-investment. This drawn from a AlixPartners survey.

Microsoft announces it will invest $1 billion in OpenAI

Microsoft today announced that it would invest $1 billion in OpenAI, the San Francisco-based AI research firm co-founded by CTO Greg Brockman, chief scientist Ilya Sutskever, Elon Musk, and others.

Taiwan rejects HK firm's skycraper bid over China 'security concerns'

Taipei - Taiwan has vetoed a $2 billion bid by a Hong Kong-led consortium to build a twin skyscraper in Taipei citing national security concerns, arguing the company is too heavily influenced by mainland China.

Taiwan rejects HK firm's skycraper bid over China 'security concerns'

Taipei - Taiwan has vetoed a $2 billion bid by a Hong Kong-led consortium to build a twin skyscraper in Taipei citing national security concerns, arguing the company is too heavily influenced by mainland China.

Wind and solar to make up 50 percent of energy mix by 2050

A stunning new report released on Tuesday reveals that renewables are now the cheapest form of new electricity generation across two-thirds of the world - cheaper than both new coal and new natural gas power.

Oilpatch pinning hopes on Trans Mountain Pipeline

Calgary - As excitement builds in the oilpatch over the pending approval of the Trans Mountain Pipeline by the Liberal government, a former Liberal environment minister is urging Prime Minister Trudeau's cabinet to reject the Trans Mountain pipeline expansion.

US dominates global tech investment

The latest figures relating to technology investment signal that the U.S. continues to dominate the global financial chain, whereas within Europe, despite the Brexit process, it is the U.K. that remains the main player.

Q&A: Why contractors are adopting IoT technology Special

Contractors are turning to Internet of Things adoption in order to seek lower costs such as potential savings from reduced deductibles and fewer claims, greater employee productivity, and improved safety records.

EU firms 'caught in crossfire' of US-China trade war

Bejing - European firms are "caught in the crossfire" of the US-China trade war and fewer are optimistic about their future in the world's second-largest economy, a business survey showed Monday.

GM invests $300 million in Orion Assembly Plant, adds 400 jobs

Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit.

EU sets out 10-point plan to rebalance China ties

Apo - The EU on Tuesday set out a 10-point plan aimed at rebalancing relations with Beijing as fears grow about Chinese investment and influence on critical infrastructure, including new communication technology.
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