Author Archives
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Warburg Pincus Global Growth 14 seeks to raise $16 billion in private equity fund
According to sources familiar with the matter at hand, Warburg Pincus LLC aims to raise $16 billion from investors for its biggest ever flagship global private equity fund. Warburg Pincus is in the “early stages of raising Warburg Pincus Global… Read More ›
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China applies to join the CPTPP
In a statement China’s Commerce Ministry said, China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The Chinese move is aimed at bolstering its clout in global trade. The application was made by… Read More ›
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US officials to host meeting at White House on global chip shortage, COVD-19’s impact on chip supply chains
In a statement the US Commerce Department said, U.S. Commerce Secretary Gina Raimondo and White House economic adviser Brian Deese are scheduled to host a semiconductor supply chain meeting at the White House on September 23. Officials in the meeting… Read More ›
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Chat app Discord raises $500M in new funding round
In a statement Discord said, it has raised $500 million in a funding round led by investment firm Dragoneer Investment Group. Previously Bloomberg News had reported the value of the deal at around $15 billion. Discord declined comment on the… Read More ›
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Federal Housing Finance Agency tweaks capital and leverage requirements for Fannie Mae and Freddie Mac
In a statement, the Federal Housing Finance Agency, a regulator which oversees housing giants Fannie Mae and Freddie Mac, has proposed changes to recently imposed capital and leverage requirements on the pair, which aims to encourage the pair to shift… Read More ›
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Snap Inc hires Jacqueline Beauchere, its first global head of platform safety
On Wednesday, in a statement Snap Inc, Snapchat’s owner said, it has hired a longtime online safety advocate as its first global head of platform safety; the development comes at a time when the company continues to ramp up efforts… Read More ›
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Sukumar Rathnam steps down as Uber’s head of engineering
Late on Tuesday, Uber Technologies Inc said, Sukumar Rathnam, its Chief Technology Officer is stepping down as the company’s head of engineering. Uber’s spokesperson did not specify the reason for Rathnam’s departure; Rathnam, who joined the company about a year ago,… Read More ›
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Microsoft to buyback shares up to $60 billion, appoints Brad Smith as President and Vice Chairman
In a statement Microsoft Corp said, it has decided to buyback its shares worth up to $60 billion and raise its quarterly dividend by 11%. It has also appointed Brad Smith as its President and as its vice chairman. It also… Read More ›
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Biden taps privacy advocate Alvaro Bedoya for FTC
In a statement the White House said, President Joe Biden will nominate Georgetown University law professor, a privacy advocate, to the U.S. Federal Trade Commission. “It is the honor of my life to be nominated to serve on the FTC…. Read More ›
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Pentagon award Lockheed Martin $6.6 billion for support operation and sustainment of F-35 fleet
In a statement the F-35 Joint Program Office stated, the Pentagon has awarded Lockheed Martin Corp annualized contracts worth up to $6.6 billion to support operations and sustainment of the global F-35 fleet. The sustainment contract, for fiscal year 2021, with… Read More ›
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