FRANKFURT: Commerzbank, Germany’s second-largest lender, announced Thursday it will eliminate 3,900 full-time positions by 2028, primarily in Germany. This move is part of a broader strategic overhaul aimed at maintaining its global headcount at 36,700, despite planned staffing increases in selected international locations. In its strategic update, Commerzbank projected it would incur around 700 million…
Concurrent Technologies joins OTCQX Best Market
LONDON: Concurrent Technologies Plc (AIM: CNC), a leading designer and manufacturer of advanced computer products and mission-critical solutions, announced its approval to trade on the OTCQX Best Market in the United States. Trading under the ticker symbol COTGF, shares will commence on OTCQX today. Concurrent Technologies’ ordinary shares will continue to trade on the AIM…
Centuria Capital acquires $115 million retail centre to launch new fund
BRISBANE: Centuria Capital Group (ASX: CNI), also known as Centuria, has acquired a $115 million large format retail (LFR) centre to launch a new single-asset, closed-ended fund, the Centuria Logan Super Centre Fund. The Logan Super Centre, located 25km south of Brisbane’s CBD, is being purchased at approximately a 22% discount to its replacement cost….
Oso Semiconductor secures $5.2 million in seed funding for next-gen chipsets
Oso Semiconductor, a developer of power-efficient, high-performance, low-cost chipsets for next-generation wireless communication and sensing applications, announced Wednesday it has raised an oversubscribed $5.2 million seed round. The funding round was led by Engine Ventures, with participation from Entrada Ventures, Berkeley SkyDeck, and J-Ventures. The capital will be used to build pre-production beamforming chipsets and…
EU embarks on a €200 billion InvestAI initiative to boost ai development
The European Union on Tuesday announced a sweeping €200 billion ($206 billion) initiative, dubbed InvestAI, aimed at accelerating investment in artificial intelligence (AI) and positioning Europe as a global leader in the development of advanced AI technologies. The initiative includes a new €20 billion European fund to support the creation of AI “gigafactories,” specialized facilities equipped…
Ant International opens first Middle East office in Saudi Arabia
RIYADH: Ant International, a prominent global provider of digital payment, digitization, and financial technology, has inaugurated a new office in the central business district of Al-Olaya, Riyadh. This expansion comes after the company successfully received technical certification as a Payment Technical Service Provider (PTSP) from the Saudi Central Bank (SAMA). The new office will enable Ant…
Ross McEwan appointed as Chair BHP Group
SYDNEY: BHP Group Limited (BHP) announced today that Chair Ken MacKenzie will retire from the Board on March 31, 2025. Ross McEwan, a seasoned executive with over 30 years of global experience, has been elected to succeed him as Chair, effective the same day. Ken MacKenzie joined the BHP Board in September 2016 and has…
Solis Minerals appoints Mitch Thomas as New CEO
SYDNEY: Solis Minerals Limited (ASX: SLM, TSXV: SLMN) has announced the appointment of Mitch Thomas as its new Chief Executive Officer, effective March 2025. Thomas, who previously served as Chief Financial Officer of Latin Resources Limited (ASX: LRS) and CFO Battery Materials for Rio Tinto (ASX: RIO), brings extensive corporate, commercial, and project development experience…
Bridge SaaS appoints Richard Gordon as CEO to drive growth
PERTH: Bridge SaaS Limited (ASX: BGE), a leading provider of Software-as-a-Service (SaaS) solutions for the employment and National Disability Insurance Scheme (NDIS) sectors, announced today the appointment of Richard Gordon as its new Chief Executive Officer (CEO). Gordon, who currently serves as the company’s chairman, will assume the role effective immediately. With over 30 years…
Sigma Healthcare completes merger with Chemist Warehouse
CLAYTON: Sigma Healthcare Limited announced Wednesday that it has finalized its acquisition of 100% of the issued shares in CW Group Holdings Limited, the parent company of Chemist Warehouse. The merger, executed through a scheme of arrangement, was implemented on Feb. 12, 2025. Under the terms of the scheme, Chemist Warehouse shareholders received $0.44646929 in…
Vitura Health to acquire Livelihood Health Pty Ltd, Candor Medical
SYDNEY: Vitura Health Limited (ASX: VIT), a leading digital health platform, announced it has entered into a Share Purchase Agreement to acquire Livelihood Health Pty Ltd and its associated companies. Livelihood Health, under the “Candor Medical” brand, offers prescription treatments including medicinal cannabis through telehealth consultations. Founded by Joel and Dr. Lisa Beckett in 2022,…
New Zealand’s Electricity Generators Eyeing Market Solutions to Boost National Energy Security
WELLINGTON: New Zealand’s four largest electricity generators, Genesis Energy, Mercury, Meridian, and Contact, are considering market options to bolster the nation’s energy security, in response to the challenging market conditions experienced during winter 2024. The country faced a critical shortage of energy supply due to a rapid decline in natural gas reserves, low hydro lake…