Music streaming company Spotify has raised $1 billion (£695 million) in debt financing to take on rivals Apple, Tidal and Google. First reported by the Wall Street Journal, the deal was later confirmed by Spotify according to Techcrunch. Unlike equity, debt financing allows Spotify to add to its resources without potentially accepting a lower valuation in the process. The move is thought to be …
THIS is a hotel with so many elements of surprise it just keeps giving and giving. From the heaving and buzzy bar to a smartypants and elegant library bar to an hypoxic gym and a theatrette, the Ham Yard hotel is a self-contained community right in the middle of what is the coolest part of London: Soho. But the one …
International hospitality provider ONYX Hospitality Group has announced a new management agreement for a project in Hong Kong, paving the way for the first Mosaic Collection property in this dynamic city. Located at 108 Soy Street in Mongkok, Hotel 108 will be surrounded by a variety of hip and trendy dining and entertainment options. Mongkok is a major hub in …
Starwood Hotels & Resorts has rejected a proposed takeover by Marriott International, preferring to explore what it views as a “superior offer” from a consortium led by Anbang. The Chinese insurance giant tabled a bid of $78 per share for the American hotel giant earlier, valuing the company at $13.2 billion. Marriott now has until March 28th to respond with …
The Enomad device fully assembled on the left. When the white capsule is removed, it reveals the propellors, at right. (Credit: Michael Franco/Gizmag). About two years ago, Seoul-based company Enomad made news when it put mobile phone charging stations along the manmade Cheonggyecheon River that runs through the Korean capital’s downtown. The stations used the force of the river to …
The Otopot: A jar in which to store your voice until someone pours it away (Credit: Michael Franco/Gizmag). There are some big booths on display on the floor of the trade show at this year’s SXSW festival in Austin, but in a quiet (relatively speaking, of course) corner of the show two graduate students from the University of Tokyo and …
Study found that Nordic countries are among the most literate in the world, but countries in the Western Hemisphere didn’t do well. Corbis (Correction: Central Connecticut State University has released a corrected version of the rankings. The US moves up from 11th to 7th.) A new world ranking of countries and their literacy rates puts the United States at 7th. …
Use of the polymer graft could provide a non-invasive and inexpensive method for filling gaps in the spine left after the removal of tumors (Credit: American Chemical Society). Removing spinal tumors can be problematic, with the current options for bridging the gap left by the procedure being either very expensive, or extremely invasive. New research could provide a better solution, …
Seatrade Cruise Global has announced the 2016 Conference program details which will offer attendees a comprehensive roster of panel discussions and workshops featuring experts, leaders and thought-makers. Registration is open to attendees at a reduced rate through the Early Bird Discount available until 31 January 2016. “As the cruise industry’s premier global event, we are excited to share the first …
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