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Global Investors Eye AltFin, HR Tech With B2B Investments

“The company, based in Singapore, saw the Series B investment led by FMO, based in the Netherlands” reports pymnts.com. Fuel Ventures led the investment round, reports said, with CreditDigital aiming to use the investment to strengthen its product offering and position in the U.K. market.With new funding led by SFW Capital Partners, Greenshades Software said it will focus on expanding its portfolio of products, which currently includes payroll, tax and human capital management services for its corporate customers.Finturi hasn’t officially launched its platform, but reports said the company continues to…

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UBS Global Wealth Management president says the future of US citizens is at risk if we don’t repair decaying bridges and outdated transit systems

“But these tools will be virtually useless without modernized telecommunications and energy infrastructure” writes Tom Naratil for businessinsider.com. That’s why 65% of high net worth investors and 61% of business owners want utilities to be a focus of infrastructure improvements.Small business owners and high net worth investors agree: 81 percent of both groups believe infrastructure investments are the key to long-term economic growth.These jobs will require state-of-the-art energy infrastructure to flourish. Source: businessinsider.com

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What you need to do in your 20s, 30s, 40s, and 50s to save enough money to retire, according to experts

“Regular contributions of monthly payments and consistently aiming to stay ahead of inflation are key, and it’s important to maintain the amounts you’re investing” writes H Ctor Chamizo for businessinsider.com. According to Castelo, the sooner you start investing, “the more time you have for investments to grow, based on the compound interest effect.”. When investing for retirement, you need to take into account the same criteria you would for any other investment.In fact, experts suggest that over this stage of life and the next is when you’ll be able to…

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Volkswagen aims to lift profits by axing jobs

“Volkswagen AG’s VOW namesake brand plans to cut thousands of jobs over the next five years to boost profitability and free up cash for investments into future technologies” writes Max Bernhard for marketwatch.com. At the same time, the Volkswagen brand said it will invest EUR8 billion more than previously planned into future technologies through 2023, bringing the total planned investments at the brand to EUR19 billion.The German company’s passenger-car brand said Wednesday that it plans to invest 4.6 billion euros ($5.2 billion) into the automation of administrative processes. The marque…

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Grab is now Southeast Asia’s most valuable startup following US$7.5 billion investments

“Following a new round of investments from SoftBank Vision Fund, Grab is now the most valuable startup in Southeast Asia after US$1.46 billion was injected through its ongoing Series H investment round” writes Sukhbir Cheema for mashable.com. This round saw investments from Toyota, Booking Holdings, Microsoft, and Hyundai, raising the total of investments to more than US$7.5 billion.The company was valued at US$11 billion when it had Toyota came knocking with US$1 billion following its purchase of rival Uber last year. Source: mashable.com

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ABB to expand its investments in Egypt by 40% in 2019

“ABB has opened a new headquarters in the 5th Settlement in New Cairo at a cost of EGP 150m, which reflects its confidence in the Egyptian market” writes Mohamed Farag for dailynewsegypt.com. Egypt aims to achieve sustainable development and increase the share of renewable energy to 22% by 2022, he said.It also plans to present a proposal to the Ministry of Electricity to supply transmission stations for the electricity interconnection project between Egypt and Cyprus. Source: dailynewsegypt.com

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Arkan launches Jessy Hills in Sixth of October with EGP 250m investments

“Additionally, he disclosed that the company will also implement 10 separate projects in Sixth of October, Sheikh Zayed, and New Cairo cities with a total of 100 housing units and investments of EGP 70m” writes Shaimaa Al-aees for dailynewsegypt.com. Essa added that Jessy Hills’ unit’s sizes range between 150 to 250 sqm, revealing that the company will deliver the first phase of the project within two years.During a press conference held on Saturday, the Chairperson of Arkan, Emad Essa, said that the company will launch the Jessy Hills project in…

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Bumble announces new investments, partners with virtual adviser

“Bumble Fund, a corporate venture vehicle, today announced early-stage investments in Alice, a virtual adviser for entrepreneurs; Gixo, a digital fitness company; Translator, a diversity and inclusion training system; and Promise, a tech company working to reinvent the bail system” reports fastcompany.com. While there are many venture firms now focused on investing in women, including BBG Ventures, Backstage Capital, Bumble Fund, and Bumble-based Female Founders Fund, female founders still garner just  2.3% of total venture investments.Bumble and Alice also unveiled a partnership that will allow women entrepreneurs to apply for…

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EU agrees on new rules to counter investment ‘greenwashing’

“The agreement reached by EU governments and EU lawmakers will also introduce transparency requirements on the social consequences of investment decisions” writes Midwest Communications Inc for 95kqds.com. The law is meant to spur green investment and to curb “greenwashing”, a practice whereby companies claim to be more environmentally friendly than they really are.BRUSSELS (Reuters) – The European Union agreed on Thursday on a new law that forces asset managers, insurers and pension funds to disclose environmental risks in their investments.Financial managers will have to disclose, for instance, investments in assets…

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Apple supplier eyes video game and health investments in life after its biggest client

“Dialog Semiconductor is planning to expand into the video game console and healthcare sectors, its chief executive said” writes James Cook for telegraph.co.uk. Dialog Semiconductor chief executive Jalal Bagherli said that the business is in talks with four pharmaceuticals companies over the development of new internet-connected health products that can perform functions such as checking blood pressure and administering doses of insulin to diabetic patients. Source: telegraph.co.uk

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