Rochester’s brewing industry, FIFCO USA, the parent company of Genesee Brewery and Labatt USA, has unveiled a $50 million investment plan spread over the next three years. This ambitious project aims to establish a state-of-the-art packaging facility and enhance innovation capabilities to meet the growing demand for Labatt Blue and Labatt Blue Light beers. The…
Deriva Energy Collaborating with Brookfield to deliver renewable power to Microsoft
Deriva Energy, under the Brookfield umbrella, is excited to be a key player in the landmark renewable energy framework agreement recently unveiled between Brookfield and Microsoft Corporation. This deal marks a commitment to supply Microsoft with over 10.5 gigawatts of clean energy globally. Deriva is set to contribute significantly to this endeavor, focusing on meeting…
Zanskar Geothermal & Minerals raises $30 million
Zanskar Geothermal & Minerals (Zanskar), a pioneer in geothermal exploration, has successfully secured $30 million in a funding round spearheaded by Obvious Ventures. This financial infusion, featuring contributions from both longstanding backers like Munich Re Ventures, Union Square Ventures, Lowercarbon Capital, Safar Partners, and First Star Ventures, and new investor Clearvision Ventures, is set to…
PIA’s business restructuring receives green light from Securities and Exchange Commission
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given its nod to the Scheme of Arrangement proposed by Pakistan International Airlines Corporation Limited (PIA). This approval, dated May 6th, 2024 marks a pivotal step in the separation of PIA’s core and non-core business operations. The Federal Cabinet had earlier sanctioned the legal segregation…
Arif Habib Limited announces IPO for International Packaging Films Limited
KARACHI: In a significant development for Pakistan’s packaging industry, Arif Habib Limited has announced the launch of an Initial Public Offering (IPO) for International Packaging Films Limited (IPAK). The Book Building dates are 8th & 9th May, while Registration Dates are 6th- 9th May, 2024. The IPO will see International Packaging Films Limited (IPAK) offering…
Pakistan’s Competition Watchdog objects to Telenor’s acquisition by PTCL
ISLAMABAD: An investigation by the Competition Commission of Pakistan (CCP) has provisionally concluded that M/s. Pakistan Telecommunication Company Limited’s (PTCL) proposed acquisition of M/s. Telenor Pakistan (Private) Limited (TP) and Orion Towers Private Limited (OT) could lead to a substantial lessening of competition in the telecommunication industry. PTCL is a public-listed company and specializes in…
The iPhone 16 Plus: A Deep Dive into Apple’s Upcoming Innovation
As the tech world turns its gaze to Apple’s next big release, the iPhone 16 Plus stands out as a device that’s garnering significant interest. While it may not be the flagship model of the iPhone 16 series, the iPhone 16 Plus is poised to make waves with its unique features and enhancements. Anticipated Launch…
Nathalie Boulas Nilsson appointed new President and CEO of Humana
Stockholm: The Board of Humana has appointed Nathalie Boulas Nilsson as the new President and CEO of Humana AB. Nathalie Boulas Nilsson will also assume the role of Country Manager for the Swedish organisation. Nathalie will take office on July 22, 2024, in connection with when the resigned President and CEO Johanna Rastad leaves the…
AstraZeneca bolsters stake in Cellectis with $140 million investment
AstraZeneca has completed a $140 million equity investment in Cellectis, a biotech firm at the forefront of gene-editing therapies. This transaction, which follows approval from the French Ministry of Economy, sees AstraZeneca acquiring 10 million Class A and 18 million Class B convertible preferred shares at $5 each. The Class A shares carry single voting…
Tech Data Capital to launch in Singapore, India, and Australia
Tech Data, a TD SYNNEX Company, has announced the launch of Tech Data Capital in key Asia Pacific markets. This initiative, which follows successful introductions in North America and Europe, is set to debut in Singapore, Australia, and India, providing tailored financing solutions in collaboration with select financial institutions. The launch of Tech Data Capital…
BrainChip and Frontgrade Gaisler to augment space-grade microprocessors with AI capabilities
BrainChip Holdings Ltd, a pioneer in neuromorphic artificial intelligence technology, has joined forces with Frontgrade Gaisler, a leader in space-grade system-on-chip solutions, to integrate BrainChip’s Akida™ neuromorphic processor into Frontgrade Gaisler’s advanced microprocessors. This collaboration marks a significant leap forward, aiming to create the world’s first space-grade system-on-chip (SoC) with true AI capabilities. The next-generation…
McAfee and Intel showcase AI-powered deepfake detection technology
McAfee has announced at the RSA Conference in San Francisco the enhancement of its AI-powered deepfake detection capabilities. The technology, which is integrated into the McAfee® Deepfake Detector, now leverages the Neural Processing Unit (NPU) in Intel® Core™ Ultra processor-based PCs to provide more robust protection against deepfake scams and misinformation. The Deepfake Detector, initially…