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Air Arabia begins legal proceedings against Abraaj founder

DUBAI, Jan 17 Air Arabia said on Thursday it has begun legal proceedings against Abraaj founder Arif Naqvi in a court in Sharjah, the latest challenge for the founder of the collapsed private equity firm.

Want to buy ethical food? Scan with your phone for fast facts

KUALA LUMPUR, Jan 17 (Thomson Reuters Foundation) - Whether buying a fish fillet at a supermarket or ordering steak in a restaurant, consumers will soon be able to use their phones to check instantly whether their food is green and ethical.

Deals of the day-Mergers and acquisitions

Jan 16 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday:

REFILE-Global blockchain unicorn Bitfury launches music business

NEW YORK, Jan 16 Global blockchain company The Bitfury Group, valued recently at $1 billion, announced on Wednesday the launch of a music and entertainment division that will create an open-source music platform secured by the bitcoin blockchain.

UPDATE 1-Infor gets $1.5 bln more in funding ahead of planned IPO

Jan 16 Cloud technology company Infor Inc said on Wednesday it received an investment of $1.5 billion from shareholders Koch Equity Development LLC and private equity firm Golden Gate Capital.

Technology, Financials, Markets, Jan 16 2019

Infor gets $1.5 bln funding ahead of planned IPO

Jan 16 Cloud technology company Infor Inc said on Wednesday it received an additional investment of $1.5 billion from shareholders Koch Equity Development LLC and private equity firm Golden Gate Capital.

U.S. start-up CommonGrounds raises $100 mln, unveils 'hackable' shared office

NEW YORK, Jan 16 CommonGrounds, a California start-up trying to carve out a niche in the crowded flexible workspace sector with movable office walls, has raised $100 million from three investors, including the Emirati developer of Dubai's Burj Khalifa, the world's tallest skyscraper.

UPDATE 1-Pokemon Go creator Niantic raises $245 mln at $4 bln valuation

Jan 16 Pokemon Go creator Niantic Inc said on Wednesday it had raised $245 million in a new round of financing bringing its valuation to nearly $4 billion.

General Atlantic takes stake in German energy software firm

FRANKFURT, Jan 16 U.S. investment firm General Atlantic is buying a minority stake in Germany's powercloud GmbH, it said on Wednesday, adding it would support the energy software group in its expansion efforts.

Financials, Technology, Jan 16 2019

Ardian puts Smurf maker Schleich up for sale - sources

MADRID/FRANKFURT, Jan 16 Private equity group Ardian is seeking to sell Schleich, the German maker of Smurf figurines as well as plastic animals, dinosaurs, knights and elves, two sources familiar with the deal said on Wednesday.

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