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Virtual Kitchen Nets $20M To Assist Restaurants With Delivery

PYMNTS

Virtual Kitchen , a startup founded by ex- Uber employees, has raised $20 million in fresh capital in a bid to capitalize on the need for food delivery amid the pandemic, according to CNBC. billion by 2026, CNBC reported. Virtual Kitchen works to provide technology for others to set up commercial kitchens for food delivery.

Capital 163
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Apple Supplier Murata Anticipates 5G Phones To Top 500 Million

PYMNTS

We will continue making capital expenditure to keep up with the growing demand.”. And by 2026, Ericsson said the 5G subscription number is now expected to top 3.5 Apple, Samsung Electronics Co. and Chinese rivals Xiaomi Corp., billion users, for a market share of about 40 percent.

Apple 187
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Ola Electric Reaches $1B Valuation With SoftBank Investment

PYMNTS

The latest capital infusion means the company is now valued at more than $1 billion. India recently set a goal to make 40 percent of its fleet electric by the year 2026. Ola Electric, part of India’s largest ride-hailing company, has raised $250 million from SoftBank in a Series B financing round, according to a report.

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BT is right to ignore distractions and get on with digging for Britain | Nils Pratley

TheGuardian

The change of heart seems to have been prompted by the discovery that, when it concentrates on the job in hand, BT can take a chunk out of costs and thus finance the rollout to 25m premises by 2026 under its own steam. Average build costs have been cut by £50 to £250-£300 per premises, which is a serious saving.

Capital 53
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Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities

PYMNTS

Snap , the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. Its stock is up 181 percent year to date. . The debt offering will take the form of convertible senior notes set to mature on Aug. 6), closing down at $16.29.

Security 115
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Snap Unveils Third Generation Of Spectacles

PYMNTS

In separate news, Snapchat’s parent company, Snap, is reportedly issuing $1 billion in convertible debt for working capital and future acquisitions. According to past reports, the debt offering will take the form of convertible senior notes set to mature in 2026. The report also noted that users can take advantage of 3D viewing.

Video 101
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Consumer Credit Update for 2Q 2023

South State Correspondent

We should see a slight increase in production in 2025 and 2026 driven by lower rates. Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders.

Trends 195