MARKET TRENDING NEWS

The aviation fund was created to cover up to half of eligible airline companies’ expenditures. The U.S. House of Representatives will vote on a bill that will shift USD 15.6 billion in COVID-19 relief funds to other COVID projects. A suggested bill to sustain the U.S. government'... Read More

Nestlé S.A. has revealed it will soon open a new USD 73 million worth alternative meat production plant in Serbia, with the first phase of construction already been completed. The Swiss multinational food company is developing this site for its Garden Gourmet brand. This new site will span... Read More

Following Moscow's invasion of Ukraine, McDonald's Corp. announced a temporary shut-down of all 847 of its restaurants in Russia, raising pressure on other global businesses to halt operations in the nation. The shutdown of McDonald's restaurants will be symbolic in Russia, where the ... Read More

With the pandemic waning, the return to daily life is accompanied by a rise in demand for ride-hailing services. Mobility service giant Uber Technologies Inc. has reportedly revised its forecasts for first-quarter core profit as it witnessed a faster than expected recovery due to a spike in airport ... Read More

Captain Fresh, an Indian harvest-to-retail platform for seafood, has reportedly bagged USD 50 million in a Series C funding, thus witnessing a twofold increase in its valuation to USD 500 million in just three months. Existing investors Tiger Global and Prosus Ventures led the most recent funding... Read More

Snowflake, a company that helps users manage and store huge volumes of data on cloud platforms without needing cloud vendor lock-in has reportedly acquired Streamlit, a startup that created a popular open-source project for developing data-based apps for USD 800 million. President and co-founder ... Read More

Target Corporation reportedly disclosed sizable quarterly earnings on Tuesday (1st March) and anticipates a big improvement in its 2022 figures, exceeding expectations. With supply chain pressures slated to be relaxed in the coming months, shares of the big-box department store chain elevated 14%. ... Read More

Clinical stage biopharma company Arbutus has finally put an end to the question of whether it would sue Moderna for patent infringement after the latter lost a legal bid to invalidate the two patents of the former in its COVID-19 vaccine in December 2021. Arbutus Biopharma Corp and Roivant’... Read More

Following Russia’s invasion of Ukraine, the former must brace for economic impact as it sees more and more sanctions against it. Norwegian prime minister Jonas Gahr Stoere recently announced that the country’s USD 1.3 trillion sovereign wealth fund will divest its assets in Russia. Th... Read More

Damensch, a D2C lifestyle brand, has reportedly secured USD 16.4 million during a Series B funding that was spearheaded by A91 Partners. The fundraising also saw participation from existing investors including Matrix Partners, Alteria Capital, Saama Capital, as well as Whiteboard Capital. For tho... Read More