Category: Tech News

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CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b

A consortium led by healthcare-dedicated investment firm CBC Group agreed to acquire a 47% stake in South Korea’s top botox maker Hugel Inc from Bain Capital for 1.7 trillion won ($1.5 billion), GS Holdings and Hugel said on Wednesday. The consortium also includes Abu Dhabi sovereign wealth fund Mubadala Investment Co, South Korea’s GS Holdings Corp and private equity firm… Continue reading CBC-led consortium buys 47% stake in S Korean botox maker Hugel for $1.5b

FCC proposes $5 million fine for activists behind election robocalls

The FCC has proposed the largest fine yet under the Telephone Consumer Protection Act, and the subjects are two robocallers Law & Crime describes as “hard-right hoaxers.” John M. Burkman and Jacob Alexander Wohl are facing a $5,134,500 fine for allegedly making 1,141 unlawful pre-recorded calls to mobile phones without the recipients’ prior consent. The… Continue reading FCC proposes $5 million fine for activists behind election robocalls

Samsung disables the Galaxy Z Fold 3’s camera if you unlock its bootloader

Don’t unlock your new Samsung Galaxy Fold 3’s bootloader if you don’t know what you’re getting into, or you may just regret it. According to XDA-Developers, the foldable device shows a warning when you attempt to unlock its bootloader, telling you that doing so “will cause the camera to be disabled and may cause your… Continue reading Samsung disables the Galaxy Z Fold 3’s camera if you unlock its bootloader

Veego Raises $13M in Series A Funding

Veego Software, a NYC-based company producing actionable insights for an improved connected home customer experience, closed a $13m Series A financing. The round was led by Magenta Venture Partners with participation from existing investors, State of Mind Ventures (SOMV), Robert Bosch Venture Capital GmbH, North First Ventures (N1V), Amdocs Ventures, as well as additional investors.… Continue reading Veego Raises $13M in Series A Funding

Ahead of IPO, India’s Paytm allots shares to 166 former and current employees

One97 Communications Ltd, which runs digital payments firm Paytm, has allotted shares to 166 former and current employees ahead of its planned public listing, according to the company’s filings with the ministry of corporate affairs. More than 1.01 million shares have been allotted to these individuals, the filings showed. The list includes Paytm’s president Amit… Continue reading Ahead of IPO, India’s Paytm allots shares to 166 former and current employees

Debt servicing firm Collectius buys Thailand peer Magnate Group Plus

Collectius, a Singapore-based pan-Asian NPL restructuring firm, announced that it has acquired Magnate Group Plus, one of Thailand’s top five debt servicing companies, for an undisclosed amount. Magnate has more than 350 employees and an annual turnover of over 200 million baht (about $6 million). It currently services customers from banks and other commercial clients,… Continue reading Debt servicing firm Collectius buys Thailand peer Magnate Group Plus

Eastspring Investments launches ESG bond programme in Hong Kong

Eastspring Investments, the Asian investment management arm of American financial group Prudential, is offering its Asia Sustainable Bond Strategy to Hong Kong, according to an announcement. The bond fund has been approved to be included on the Securities and Futures Commission of Hong Kong’s list of environmental, social, and governance (ESG) funds. Eastspring’s Asia Sustainable… Continue reading Eastspring Investments launches ESG bond programme in Hong Kong

VP Kamala Harris’ Trip to Vietnam Delayed by Mysterious Havana-Like Incident

Was it “Havana syndrome?” Anomalous Health Incidents A suspected new case of the mysterious “Havana syndrome” has reportedly delayed US vice president Kamala Harris’ visit to Vietnam, ABC News reports. According to a statement by the US embassy in Hanoi, an “anomalous health incident” is the first to involve a senior US leader, according to… Continue reading VP Kamala Harris’ Trip to Vietnam Delayed by Mysterious Havana-Like Incident

Manatees Are Starving en Masse as Florida’s Ecosystem Crumbles

“They have been eating their body from the inside, trying to stay alive because there is no food.” Mass Casualties As Florida’s fragile ecosystems crumble under the ravages of climate change, beloved local wildlife is finding it hard to survive. That became especially evident when the bodies of 677 manatees washed up along the state’s… Continue reading Manatees Are Starving en Masse as Florida’s Ecosystem Crumbles