The head of gaming at Microsoft has stated that while the company is not aiming to eliminate physical media, their support for disc-based games is not set in stone. Leaked legal documents last September revealed potential plans for an all-digital Xbox Series X console, but Xbox boss Phil Spencer says the company will follow customer…
Sony Invests in South African Video Game Studio Carry1st Sony is making a bold bet on Africa’s video game industry. The Japanese consumer electronics and gaming giant has invested an undisclosed sum into Carry1st, a video game studio based in Cape Town, South Africa, via its Sony Innovation Fund venture arm, Carry1st told exclusively. The…
Title: Biden’s Infrastructure Pact Seeks to Counter China’s Belt and Road Initiative Introduction: At the recent G20 leaders’ summit in New Delhi, President Joe Biden surprised many by extending a handshake to the Saudi Crown Prince Mohammad bin Salman. This marks a significant turnaround in the U.S.-Saudi Arabia relationship, considering Biden’s previous warnings last year….
Koo Seeks Strategic Partner to Navigate Funding Crunch Koo, India’s alternative to Twitter, is looking to find a strategic partner with a “distribution strength” as it enters its “next phase,” according to its co-founder, amid a funding crunch at the startup, which is backed by Accel and Tiger Global. Switching Gears in the Face of…
Chinese Retail Sales Remain Strong Despite Slowing Economy Retail Sales in China Defy Economic Slowdown BEIJING — Despite signs of a slowing economy, retail sales in China continue to thrive. In July, New York residents David and Susan Schwartz visited three Costco stores, known as warehouses, in Shanghai and Suzhou. They were amazed to find…
Shein and Forever 21 Announce Partnership to Expand Customer Reach Shein and Forever 21 have entered into a partnership that will give both brands new ways to reach customers, the retailers announced on Thursday. As part of the partnership, Shein will acquire around a third of Forever 21′s operator, Sparc Group. Sparc will also take…
Xpeng Secures $700 Million Investment from Volkswagen for Joint Development Chinese electric car startup Xpeng has announced a major collaboration with Volkswagen, receiving a $700 million stake to jointly develop two cars specifically designed for the Chinese market. This partnership comes at a crucial time for Xpeng, as the company seeks funding, while foreign automakers…
Goldman Sachs Recommends buying Xylem Following Acquisition of Evoqua Investors should buy Xylem after its acquisition of fellow water technology firm Evoqua, Goldman Sachs said. The bank reinitiated its buy rating on Xylem with a price target of $133, which implies a 24.2% upside from where the stock finished Wednesday’s session. “Simply put, we believe…
Gov. Ron DeSantis Appoints Wealthy Business Leaders to Fundraise for Presidential Campaign Introduction Gov. Ron DeSantis has assembled a team of wealthy business leaders to help raise money for his presidential campaign, according to a partial list of fundraisers provided by a senior political official with the Florida Republican. Bundler List The bundler list, which…
Ahmedabad, May 17 (IANS) Abu Dhabi-based global strategic investment company, International Holding Company PJSC (IHC), announced on Tuesday the completion of a Rs 15,400 crore (USD 2 billion) investment transaction in the Adani Portfolio companies, Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL) and Adani Enterprises Limited (AEL). IHC has provided capital to Adani…
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