Muddasar Raza

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Blackstone Unveils $40 Billion Infrastructure Mega Fund With Saudi Arabia As President Trump Visits

As President Donald Trump visits Saudi Arabia on the biggest foreign trip of his presidency, private equity giant Blackstone Group is unveiling a $40 billion infrastructure fund with the gulf nation, which will primarily invest in the United States. Saudi Arabia will commit $20 billion to the …

Venture Capital

From Flying Cars To Building Colonies In Mars, Dubai Looks To Attract New Innovative Ventures

When EHang chose to test its driverless flying cars in Dubai, some may have wondered why the Chinese tech company had chosen the emirate’s skies for its inroads into the future. 
But for those in the know, the UAE is well on its way to establishing itself as the innovation hub of the east – and …

Innovation

California attorney general pursues new pimping charges against Backpage site

The fresh charges, which attorney general Kamala Harris says are based on new evidence, come after an earlier case against the website was thrown out<p>California attorney general Kamala Harris said on Friday she was pursuing new pimping charges against the operators of Backpage.com – a website which …

Brexit named word of the year, ahead of Trumpism and hygge

After seeing an ‘unprecedented surge’ in use, the term is said by lexicographers to be ‘politics’s most important contribution to the language for 40 years’<p>“Brexit” has emerged ahead of “Trumpism” and “hygge” to be named the word of the year by Collins after seeing an “unprecedented surge” in …

Food startup Deliveroo raises $275M as Uber eats into its European market

Deliveroo, a popular on-demand restaurant food delivery startup in Europe, has raised another $275 million in funding, a Series E investment that we have heard from sources values the company at around $1 billion. This latest round is led by new investor, Bridgepoint, previous investors DST Global …

SoftBank is buying ARM for $32 billion — because everything’s a computer now

It’s SoftBank’s first big bet in the post-Nikesh Arora era.<p>Japan’s SoftBank is buying U.K.-based chip design firm ARM Holdings for about $32 billion, according to the FT.<p>Why? Everything is a computer now, and ARM has been one of the winners of the mobile revolution.<p>ARM designs chips — but doesn’t …

Venture Capital
Anime

It's a bit rich for JK Rowling to cry 'racist' now

The Harry Potter author is right that the SNP can be nasty. But it was the Labour Party she funded that put them where they are<p>When my children were small I endured a seven-hour car journey violated by an unabridged Harry Potter audiobook, and ever since I have had negative feelings about J K …

Corruption
North Africa