Biden names avid tech critic Jonathan Kanter as DOJ antitrust chief

U.S. President Joe Biden will reportedly nominate Jonathan Kanter, a competition lawyer, and fervid Google critic, to head the antitrust division of the Justice Department. Kanter has been actively representing several companies in competi....

SPAC Stonebridge Acquisition raises USD 200 million during U.S. IPO

The India-focused SPAC intends to reach its target within 12-16 months. The fresh funds will be used to acquire Indian businesses valued between USD 1-1.5 billion. Texas-based special purpose acquisition company (SPAC) Stonebridge Acqu....

UK’s Freedom Day tainted by growing infections and PM’s self-isolation

U.K. Prime Minister Boris Johnson’s ‘Freedom Day’ has reportedly been ruined by forced self-isolation, rising COVID-19 infections, and warnings of shortages in supermarkets. For the record, England has had strict lockdown....

British supermarkets might move supply chains to the European Union

The move comes amidst trade disputes with Northern Ireland. The CEOs of three British supermarkets are seeking discussions with the EU and the U.K. governments. The three major supermarket groups, namely Tesco, Asda, and Sainsbury&rsqu....

Intel to acquire chip manufacturer GlobalFoundries for USD 30 billion

Tech behemoth Intel Corp. is currently in talks to acquire GlobalFoundries Inc., a renowned chipmaker for USD 30 billion as part of its efforts to expand U.S. chip manufacturing capacities. However, it appears that the talks did not involv....

Bangalore-based Ati Motors secures USD 3.5 Mn in pre-Series A funding

Ati Motors, a manufacturer of autonomous industrial vehicles, has reportedly secured USD 3.5 million in a pre-Series A funding round led by Exfinity Venture Partners and Blume Ventures. The fresh investments will be deployed for improving A....

Panda Express introduces Beyond Meat orange chicken in select outlets

This makes Panda Express the first Asian restaurant chain to feature Beyond Meat products. The new offering will be available at select locations in Southern California and New York for a limited period. American fast-food restaurant c....

Australian scientists develop non-invasive testing strips for diabetics

Some Australian scientists have recently revealed the development of a new form of blood sugar testing for diabetic patients, which is a non-invasive and pain-free strip that examines glucose levels through saliva. The latest strip has bee....

Twitter releases India Transparency Report to comply with new IT rules

Popular microblogging site Twitter has released its first India Transparency Report as well as a Resident Grievance Officer, Vinay Prakash to comply with the country’s new IT rules. The announcement comes after the social media platfo....

Virgin Galactic VSS Unity accomplishes first fully crewed spaceflight

British-American spaceflight company, Virgin Galactic Holdings, Inc. has announced that its suborbital spaceplane, VSS Unity has successfully made it to space, completing the organization’s fourth rocket-powered spaceflight. This was....