DENVER: MassRoots has re-launched its online store carrying products from which the Company expects to generate profit margins greater than 80% per unit sold – with the initial items being MassRoots stickers and cups. MassRoots has also enabled customers to pay for products with Bitcoin and Ethereum (Cryptocurrencies). The Company records the value of these…
Pakistan State Oil (PSO) issues tender for supply of LNG, motor gasoline cargoes
KARACHI: Pakistan State Oil (PSO) has invited bids for the supply of one cargo of liquefied natural gas (LNG) to be delivered on April 15-16, and three consignments of motor gasoline for the month of March amid higher anticipated demand o fuel products in summers. Analysts anticipate higher demand of fuel products owing to increasing…
Dassault Aviation receives order for 12 Rafales for French Air and Space Force
SAINT-CLOUD: Eric Trappier, Chairman and CEO of Dassault Aviation, today signed a contract for the sale of 12 Rafale aircraft with Florence Parly, French Minister of the Armed Forces. These aircraft will replace the 12 Rafales of the French Air and Space Force (FASF) sold to the Hellenic Air Force. The contract was signed during…
Mutares sells 80% stake in Nexive Group to Poste Italiane
MUNICH: Mutares SE & Co. has sold its 80% stake in Milan-based Nexive Group S.r.l. to Poste Italiane S.p.A., a news release said. Nexive is the No. 2 in the Italian postal and parcel market. Mutares had only acquired the 80% majority in Nexive Group in July 2020. The seller at the time, PostNL, initially…
Highland Grow signs cannabis supply agreement with Yukon Liquor Corporation
VANCOUVER: MYM Nutraceuticals Inc. announced its wholly owned subsidiary and Health Canada licensed cannabis producer, Highland Grow Inc. has entered into a supply agreement with the Yukon Liquor Corporation (YLC) to supply Highland Grow branded cannabis products throughout the Yukon. “This agreement with the YLC represents our tenth provincial/territorial supply agreement”, said Michael Wiener, CEO…
Visa eCommerce Summit declares digitally-enabled businesses best positioned for growth
DUBAI: Building on the surge in digital commerce since the start of the pandemic, Visa (NYSE: V), the world leader in digital payments, hosted the third edition of its eCommerce Summit for the Middle East and North Africa (MENA) region. Held virtually under the theme, “Thriving in The New Normal”, the event brought together government…
Agreement signed for onboarding of MRA Securities as market maker of ETFs
KARACHI: In a very positive development for Pakistan’s capital market, an agreement has been signed between Pakistan Stock Exchange (PSX) and MRA Securities Limited (MRA) for on-boarding of MRA as Market Maker for Exchange Traded Funds (ETFs) listed on PSX. Addition of MRA Securities as Market Maker for ETFs will add further depth and liquidity…
Bombardier completes $6.0 billion sale of its transportation business to Alstom
MONTREAL: Bombardier confirmed the closing of the previously announced sale of its transportation business to Alstom. Total proceeds to the vendors after the deduction of debt-like items and transferred liabilities are $6.0 billion. After deducting la Caisse de dépôt et placement du Québec equity position of $2.5 billion, transaction costs, and including the impact from…
Headline inflation expected at 5.87% YoY in Jan’21
We expect Jan’21 inflation to settle at 5.87% YoY compared to 14.56% in Jan’20 and 7.97% in Dec’20, respectively. This will take the 7MFY21 average inflation to 8.2% compared to 11.6% in 7MFY20. The YoY uptick in CPI will likely be led by Food (7.1 % YoY), Clothing & Footwear (9% YoY), Alcoholic Beverages &…
Littelfuse acquires Hartland Controls
CHICAGO: Littelfuse Inc. has acquired Hartland Controls. For 2020, Hartland Controls had sales of approximately $70 million. Headquartered in Rock Falls, Illinois, Hartland Controls is a manufacturer and leading supplier of electrical components used primarily in heating, ventilation, air conditioning, and refrigeration (HVAC/R) and other industrial and control systems applications. “Hartland Controls is a premier…
ADM Energy extends agreement with Trafigura for conditional financing of up to $120m
LONDON: ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce that is has extended for a further 12 months its indicative MOU to enter into a strategic alliance with Trafigura Pte Ltd, a market leader in the global commodities industry. ADM and Trafigura intend to create…
Argo Blockchain plc (LON: ARB)
Argo Blockchain plc (LON: ARB) is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB. Argo Blockchain plc (LON: ARB)…