LONDON: The UK Financial Conduct Authority (FCA) has explained its approach to assessing the applications from cannabis-related companies interested in listing in the UK. This is pending a guidance consultation which will follow in due course. While medicinal cannabis was legalised in the UK in 2018, investment in overseas-licensed medicinal cannabis businesses remains a legally…
Global Hemp Group forms partnership to create a sustainable economic zone in Northwest Colorado
VANCOUVER: Global Hemp Group has entered into agreement to form an exclusive strategic partnership to create a Sustainable Economic Zone in northwest Colorado with Western Sierra Resource Corporation (WSRC), a news release said. The Economic Zone will be vertically integrated and will generate multiple revenue streams for this 50/50 Partnership. The Partnership will benefit from…
Gold Plus Mining starts trading on the Frankfurt Stock Exchange
VANCOUVER: Gold Plus Mining Inc. has successfully listed its shares on the Frankfurt Stock Exchange under symbol 1I3. The listing of the Company’s shares on the Frankfurt Stock Exchange will broaden the corporation’s shareholder base in Europe and increase trading activity in its shares, while at the same time facilitating investment in Gold Plus by…
Outlook for Catholic Order of Foresters (COF) revised to negative from stable
LONDON: AM Best has revised the outlooks to negative from stable for Catholic Order of Foresters (COF) due to declining trend of operating performance, where operating losses have been reported over the past two years and through the second quarter of 2020. AM Best affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term…
China’s global data security initiative and its international implications
BEIJING: Earlier this month, Chinese State Councilor and Foreign Minister Wang Yi announced a new initiative to establish global standards on data security. The Chinese government’s Global Data Security Initiative was launched to set new rules for inter-government network governance and to support an open and transparent business environment for the digital economy. China’s initiative…
Scentre Group prices $3.0 billion of subordinated hybrid notes
SINGAPORE: Scentre Group priced a US$3.0 billion (A$4.1 billion) subordinated hybrid note issue in the United States market. The hybrid note issue comprises: US$1.5 billion 60-year, non-call 6-year subordinated notes with a coupon of 4.75%; US$1.5 billion 60-year, non-call 10-year subordinated notes with a coupon of 5.125%. The hybrid notes have a 60-year maturity date…
U.S. Cellular offering Apple Watch Series 6, Apple Watch SE, starting September 18
CHICAGO: U.S. Cellular will offer the latest products from Apple, including Apple Watch Series 6, Apple Watch SE, the eighth-generation iPad and redesigned iPad Air. Customers will be able to purchase Apple Watch Series 6, Apple Watch SE and the new iPad in U.S. Cellular stores and online starting Friday, September 18. The new iPad…
Fusionex teams up with Aisportz, Royal Selangor to launch Malaysia’s first virtual fitness platform
KUALA LUMPUR: Fusionex International has been selected as the strategic tech partner for Aisportz, Malaysia’s first virtual fitness platform, a news release said. Fusionex will be powering Aisportz’s digital platform and enhancing the user experience for its users. “Aisportz aims to make fitness accessible to everyone, everywhere and to achieve this end, we have made…
PathogenX partners Invotek to meet manufacturing and distribution demands for PX2 technology
CARMEL: PathogenX announced a partnership agreement with Toronto-based Invotek Group, Inc. (IGI) a world class global producer of digitally connected electronics assemblies, to help ramp up the production and distribution of PathogenX’s PX2 technology. PathogenX’s PX2 is a stand-alone, double-batch on-site sterilization device which safely and efficiently renders regulated medical sharps and red bag waste…
NCR teams up with Microsoft
ATLANTA: NCR Corporation announced collaboration with Microsoft to power NCR Digital Connected Services (DCS). NCR’s Digital Connected Services Internet of Things (IoT) management software will run on top of Azure IoT AI technology. That means data can be turned into insights faster, and incidents that could potentially impact availability can be identified sooner, increasing uptime….
Surend Dayal named among ‘The Most Inspiring AI CEOs to Watch in 2020’
PERTH: Surend Dayal, CEO of Magia Solutions, an enterprise-level cloud technology company, has been named in Industry Wired’s ‘The Most Inspiring AI CEOs to Watch in 2020’ magazine issue. IndustryWired is a leading industry publication for helping today’s entrepreneurs build tomorrow’s leading businesses. It brings insights, industry trends, and opinions from the greatest business leaders,…
GameStop teams up with QuadPay to power buy now pay later installment payments
NEW YORK: QuadPay announced partnership with GameStop to provide the world’s largest video game retailer access to its Buy Now, Pay Later installment payment service. QuadPay is a pioneer in the Buy Now, Pay Later (BNPL) market, and recently merged with Zip Co. Today’s announcement is part of GameStop’s strategy in continuing to build out…