South Korea’s KCGI is looking to acquire a stake in Asiana Airlines

South Korea’s KCGI is looking to acquire a stake in Asiana Airlines

Published: 8 hours ago By Mateen Dalal

Asiana Airlines is expecting to receive its initial bids in September accompanied by binding bids in October. Korea Corporate Governance Improvement (KCGI), South Korea’s activist fund and the second-largest stake....

U.S. representatives to discuss Facebooks’ Libra with Swiss authorities

U.S. House of Representatives will discuss its concern on cryptocurrency with FDPIC (Federal Data Protection and Information Commissioner) Adrian Lobsiger.   The discussion will mainly involve Facebook’s soon to be launched L....

Mallinckrodt states positive results of Terlipressin in HRS-1 patients

The company announced positive results from its Phase 3 CONFIRM trial of terlipressin in Hepatorenal Syndrome Type 1. The study verified HRS-1 reversal along with other 3 components-renal function enhancement, escaping dialysis, and shor....

Delta and Virgin Atlantic to expand transatlantic services by 2020

This will be the first time that both the carriers will be serving Gatwick airport since their partnership in 2014 British airlines Virgin Atlantic and the American airline Delta recently announced increased services between the US and UK ....

Ola acquires AI firm Pikup.ai to further enhance its deep tech skills

Startup Pikup.ai utilizes automated technologies like sensor fusion, computer vision, and Artificial Intelligence to offer AI-based solutions for businesses.   Ola is increasing company’s aim on utilizing deep technology and ....

Sonnet to acquire Relief Therapeutics to develop atexakin alfa

Sonnet proposes to pay 7,111,947 common shares and outstanding common stocks to Relief Therapeutics. Sonnet BioTherapeutics, Inc., a biotechnology company that develops innovative biologic drugs, has recently announced that it has entered ....

China to announce its official digital currency soon in the market

The digital currency is likely to be ready after working on it for five years.   This digital currency won’t depend entirely on the blockchain, which is the main support of cryptocurrencies. China is soon to introduce its v....