SYDNEY, AUSTRALIA: ANO, a manufacturer of zinc oxide powders for sunscreens, has launched its sustainable “EcoZinc” — ZinClear XP Powder, which is 100% powered by the sun. The company is installing more solar panels to increase its green energy production and intends to charge a 20% premium for this product. The EcoZinc powder has been…
Pacific Current Group sells its stake in Proterra Asia to Challenger
SYDNEY, AUSTRALIA: Pacific Current Group Limited (ASX:PAC) has sold its investment in Proterra Investment Partners Asia PTE. Ltd. (Proterra Asia), a subsidiary of Proterra Investment Partners LP (Proterra), to Challenger Funds Management Holdings Pty Limited, a subsidiary of Challenger Limited (ASX:CGF), an Australian-based investment management firm. Pacific Current will receive approximately US$8.25 million in the…
YouTube to launch its first official shopping channel in South Korea
YouTube, the world’s largest online video platform, announced on Wednesday that it will launch its first official shopping channel for live commerce in South Korea on June 30, Yonhap news agency reported. The new channel, which will operate in Korean language, will start as a 90-day project and will provide a live-commerce platform to companies…
Chinese electric car company, Nio gets $738.5 million investment from Abu Dhabi fund
ABU DHABI, UAE: Nio, a Chinese electric car company, announced Tuesday that it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The fund, CYVN Holdings, is a subsidiary of the Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds. The strategic investment gives CYVN…
UK inflation remains high in May as consumer prices rise by 8.7%
The UK inflation rate remained high in May, as consumer prices rose by an annual 8.7%, unchanged from the previous month, according to the Office for National Statistics (ONS). On a monthly basis, headline CPI increased by 0.7%, while core inflation — which excludes volatile energy, food, alcohol and tobacco prices — gained by an…
Exchange rates for GBP against major currencies on June 21, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1701 Pounds to Euros GBP-USD 1.2765 Pounds to Dollars GBP-NZD 2.0674 Pounds to New Zealand Dollars GBP-AUD 1.8837 Pounds to Australian…
Hoffmann Green Cement Technologies to build four plants in Saudi Arabia with Shurfah Holding
PARIS, FRANCE: Hoffmann Green Cement Technologies has announced at the French-Saudi Investment Forum the signing of an agreement with Shurfah Holding that defines the main points of an exclusive licensing contract to build four Hoffmann units in Saudi Arabia. Shurfah Holding is a conglomerate with a wide range of investments in real estate, industry, financial…
TAQA acquires Sustainable Water Solutions Holding to expand its water portfolio
DUBAI, UAE: Abu Dhabi National Energy Company PJSC (TAQA), an international energy and water company, has announced that it has entered into a definitive agreement to acquire Sustainable Water Solutions Holding Company (SWS Holding), a newly established entity that owns Abu Dhabi Sustainable Water Solutions Company (ADSWS), the main provider of wastewater collection, treatment, and…
Empower launches its summer campaign to reduce district cooling energy consumption
DUBAI, UNITED ARAB EMIRATES: Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, announced the launch of its annual summer campaign to reduce district cooling energy consumption during summer under the theme ‘Set and Save 24°C’. Launched this month and continues until the end of the summer season, the campaign…
Bushveld Minerals announces new CEO as Fortune Mojapelo steps down
LONDON, UK: Bushveld Minerals, a leading primary vanadium producer, has announced the appointment of Craig W. Coltman as its new Chief Executive and director of the Company, effective from 01 July 2023. Craig will succeed Fortune Mojapelo, who is stepping down after more than 11 years of leading the business as a co-founder and Chief…
Keywords Studios appoints Rob Kingston as Chief Financial Officer
LONDON, UK: Keywords Studios, the international provider of creative and technology-enabled solutions to the global video games and entertainment industries, announced that it has appointed Robert (Rob) Kingston as Chief Financial Officer. Rob will join the Company and the Board of Directors on 1 July 2023. Rob is a senior finance executive with a strong…
Polarean Imaging appoints new CEO as it enters commercial phase
LONDON, UK: Polarean Imaging plc (AIM: POLX), the medical imaging company, has announced that it has appointed Christopher von Jako, Ph.D. as its new Chief Executive Officer and director of the Company, effective immediately. Dr. von Jako succeeds Richard Hullihen, who has retired and stepped down as a Director of the Company, after leading Polarean…