Pakistan has launched a groundbreaking initiative to allocate 2,000 megawatts (MW) of surplus electricity for Bitcoin mining and AI data centers. This move, led by the Pakistan Crypto Council (PCC) under the Ministry of Finance, aims to monetize excess energy, attract foreign investment, and position Pakistan as a global tech hub. The plan leverages underutilized…
Category: OTC
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Apple shifts production: iPhone shipments from India to U.S. surge amid trade tensions
Apple’s shipments of iPhones from India to the U.S. surged 76% year-on-year in April, reaching around 3 million units, while shipments from China plummeted 76% to 900,000. According to Omdia, this shift reflects Apple’s aggressive adaptation to U.S. tariffs on Chinese goods. Research manager Le Xuan Chiew noted that Apple’s India expansion began during the…
It’s Too Easy for Foreigners to Buy Property in Japan
A surge in interest from foreign buyers is reshaping Japan’s market for abandoned homes, known as akiya, as a cottage industry has emerged to facilitate their sale, according to a report. Japan has long struggled with underutilized housing, but the post-pandemic reopening has intensified demand, particularly among overseas investors priced out of their home markets….
AMD sells ZT Systems’ server manufacturing to Sanmina
SAN JOSE: Advanced Micro Devices Inc. (AMD) is selling the server manufacturing business of recently acquired ZT Systems to Sanmina Corp. in a deal worth up to $3 billion, as the chipmaker shifts focus to U.S.-based production of artificial intelligence hardware. The agreement, announced Monday, underscores AMD’s push to onshore more of its supply chain amid rising…
Scott Felder Homes expands presence in North Texas with Olivia Clarke Homes acquisition
AUSTIN: Scott Felder Homes, a leading homebuilder operating in Austin, San Antonio, and Denver, announced Wednesday the acquisition of Olivia Clarke Homes, an award-winning residential builder based in the Dallas-Fort Worth Metroplex. The move marks a strategic expansion for Scott Felder Homes into the competitive North Texas market, enhancing its ability to meet increasing demand…
Falcon’s Beyond acquires Oceaneering Entertainment Systems
Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) announced today the acquisition of Oceaneering Entertainment Systems (OES), a division of Oceaneering International Inc. (NYSE: OII), strengthening its position as a leading force in immersive storytelling and themed entertainment. Under the transaction, Falcon’s Beyond acquired OES’s portfolio of patented technologies, proprietary engineering processes, and a 106,000-square-foot facility, enhancing…
Earnix acquires Zelros to expand AI capabilities in insurance and banking
PARIS: Earnix, a leading provider of Dynamic AI solutions for the insurance industry, announced Tuesday that it has signed a definitive agreement to acquire Zelros, a pioneer in generative AI for insurers and banks. The acquisition will integrate Zelros’s generative AI recommendation engine with Earnix’s predictive AI platform, enhancing risk decisioning, personalization, and claims processes across…
StoneX to acquire R.J. O’Brien in $900 million deal
NEW YORK: StoneX Group Inc. (NASDAQ: SNEX) announced Monday that it has reached a definitive agreement to acquire R.J. O’Brien (RJO), the oldest futures brokerage in the United States, in a deal valued at approximately $900 million. The purchase will be financed through a combination of cash and StoneX common stock, with the company also…
CW Advisors has acquired Delta Financial Group
BOSTON: CW Advisors, LLC, a Boston-based registered investment advisor, announced the acquisition of Delta Financial Group, Inc., a fee-only investment firm managing $1.3 billion in assets. Based in Basking Ridge, New Jersey, Delta’s integration will strengthen CW Advisors’ Mid-Atlantic presence, now spanning six offices from New York City to Richmond, Virginia. “We are excited to welcome another…
Bending Spoons acquires Germany’s komoot
Bending Spoons, a technology company, announced the acquisition of komoot, a Germany-based route-planning platform for outdoor enthusiasts. Komoot, founded 17 years ago, has grown to 45 million users and is Europe’s leading outdoor platform. CEO Markus Hallermann praised Bending Spoons’ expertise in scaling platforms, calling it the ideal partner for komoot’s next phase of growth….
Pandion Optimization Alliance acquires Blackmaple Group
Pandion Optimization Alliance, a national Group Purchasing Organization (GPO) with a century-long history of delivering cost savings and value to its members, has acquired Blackmaple Group, LLC (BMG), a leading purchasing organization specializing in independent physician practices and women’s healthcare. The acquisition solidifies Pandion’s position as the premier GPO for women’s health providers in the United…
Forever 21 files for bankruptcy again
LOS ANGELES: Fast-fashion retailer Forever 21 filed for Chapter 11 bankruptcy protection Sunday, marking its second bankruptcy filing in six years as the company struggles with declining mall traffic and fierce competition from online retailers. The U.S. operating company, which operates approximately 350 stores nationwide, said it was unable to find a buyer and will likely liquidate…