BRISBANE: Savannah Goldfields Limited (ASX: SVG) announced Tuesday the appointment of mining veteran Brad Sampson as its new chief executive officer. Sampson brings more than 30 years of international mining experience, including previous CEO roles at ASX-listed Discovery Metals Ltd and Kore Potash Ltd. He also held senior positions at Newcrest Mining Ltd, where he…
Intel to sell majority stake in Altera to Silver Lake for $8.75 billion
Key Details: – Deal Structure: Intel will sell 51% of its Altera business to private equity firm Silver Lake, valuing Altera at $8.75 billion. – Ownership Post-Deal: Intel retains 49% ownership. – Leadership Change: Raghib Hussain (current Altera executive) will succeed Sandra Rivera as CEO on May 5, 2025. – Expected Close: Second half of…
Sony announces PlayStation 5 price increases
Sony has announced price hikes for some PlayStation 5 (PS5) gaming consoles in multiple markets, including the United Kingdom, Europe, Australia, and New Zealand. The price increases, effective Monday, come as the company grapples with what it describes as a “challenging economic environment,” citing high inflation and fluctuating exchange rates. In a blog post confirming the…
Kraken launches commission-free stock and ETF trading for U.S. clients
SEATTLE: Cryptocurrency exchange Kraken on Monday announced the initial rollout of commission-free trading for over 11,000 U.S.-listed stocks and exchange-traded funds (ETFs), expanding beyond digital assets for the first time. The launch is currently available to clients in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia, with…
British Steel secures industry support for Scunthorpe plant after government takeover
SCUNTHORPE: More than a dozen companies have offered to help British Steel secure raw materials for its Scunthorpe plant after the British government took control of the business under emergency legislation passed Saturday, officials said. The last-minute intervention was aimed at preventing the permanent closure of Britain’s sole remaining primary steelmaking facility. Without immediate action, the plant’s two…
Tapcheck raises $225 million in equity and debt funding
NEW YORK: Tapcheck, a leading provider of on-demand pay solutions, announced Monday that it has raised $225 million in combined equity and debt financing to accelerate its growth. The funding round includes a $25 million Series A extension led by existing investor PeakSpan Capital and a $200 million credit facility from Victory Park Capital. “We’re…
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…
LINK acquires FireText Communications in UK
OSLO: LINK has acquired UK-based FireText Communications in a move that significantly strengthens its foothold in the British market, particularly within the public sector. The deal adds a scalable and robust SSU platform to LINK’s portfolio. Founded in 2007 and headquartered in Falmouth, UK, FireText Communications is a privately held A2P SSU company that offers a proprietary…
Zenova Group announces joint venture for Albanian manufacturing facility
TIRANA: Zenova Group PLC (AIM: ZED), a company specializing in fire suppression and temperature management solutions, has announced a joint venture with its local sub-distributor, AED Sh.p.K, to establish a new manufacturing facility in Albania. The move comes in response to growing demand for Zenova’s products in Albania and neighboring markets, following strong initial sales by AED….
EVE Health to acquire Nextract entering into $5.3bn erectile dysfunction market
EVE Completes Nextract Acquisition SYDNEY: EVE Health Group (ASX: EVE) announced Monday it has agreed to acquire Australian biotech firm Nextract Pty Ltd, marking its entry into the $5.3 billion global erectile dysfunction market. The deal, valued at $3 million in equity, is part of EVE’s shift from natural wellness products into regulated pharmaceutical and…
Honda plans to launch hybrid electric vehicles (HEVs) in Pakistan
KARACHI: Honda Atlas Cars has announced its intention to introduce Hybrid Electric Vehicle (HEV) models in Pakistan in the near future. The company formally disclosed this development in a notification submitted to the Pakistan Stock Exchange (PSX) on Friday. According to company officials, this initiative aligns with Honda’s global commitment to innovation, environmental sustainability, and providing advanced…
FBR Limited appoints Mark Pivac as new CEO
HIGH WYCOMBE: FBR Limited (ASX: FBR, OTCQB: FBRKF), a leader in robotic technology, announced today the appointment of Mark Pivac as its new Chief Executive Officer (CEO), effective 17 April 2025. The transition comes as part of a broader board restructuring aimed at streamlining operations and reducing costs. Mark Pivac, a co-founder of FBR and the inventor…