BRISTOL: An affiliate of Black Bear Sports Group has acquired the Grundy Ice Arena in Bristol Borough, PA, a news release said. The Arena features two ice sheets, an athletic training gym, café, and pro shop. The Arena is home to many figure skaters and youth hockey players in the area and, like many of…
Donaco International appoints Lee Bug Huy as Chief Executive Officer
PERTH: Donaco International Limited announced the appointment of Lee Bug Huy (aka Techatut Sukcharoenkraisri) as Chief Executive Officer (CEO), effective 3 September 2020. Mr Huy will also remain on the Board as an Executive Director of the Company. Mr Huy has extensive experience in gaming and casino management having been Vice President at the Casino…
Hearsay Systems appoints Mike Boese as CEO; Clara Shih transitions to Executive Chairperson
SAN FRANCISCO: Hearsay Systems, trusted leader in compliant human-client experience for the financial services industry, today announced that Mike Boese has been named CEO. Clara Shih, who with Steve Garrity founded the company on September 1, 2009, will transition from CEO to Executive Chairperson, remaining on the board of directors. “After 11 years of building…
U.S. life insurance and annuity industry’s income declines by 66 percent
NEW YORK: The U.S. life insurance and annuity industry’s net income fell by 66 percent in the first half of 2020, compared with the same prior-year period, driven predominantly by a 10% decline in premiums and annuity considerations. This financial review is detailed in a new Best’s Special Report, titled, “First Look— Six-Month 2020 Life/Annuity…
Gfinity agrees distribution rights with three broadcasters for new V10 R-League
LONDON: Gfinity plc, esports and gaming solutions provider, and Abu Dhabi Motorsport Management (ADMM), announced distribution agreements with three of the world’s leading broadcasters for its new virtual racing competition, the V10 R-League. The V10 R-League is the first championship in the Global Racing Series partnership between Gfinity and ADMM. The Global Racing Series is…
Warehouse REIT increases e-commerce exposure with two logistics acquisitions for £82 million
LONDON: Warehouse REIT has completed the acquisition of two single-let warehouse assets located in the East Midlands and Cheshire, occupied by Amazon and Wincanton respectively, a news release said. The assets have been purchased in two separate transactions for a total consideration of £82 million, reflecting a blended net initial yield of 5.4% and provide…
Oladoc shares some insights on Pakistan’s journey to plastic beauty
ISLAMABAD: Cosmetic procedures once used to be exclusive to Hollywood. Actresses used to get their facial features enhanced by a plastic surgeon. Plastic surgery and cosmetic procedures were once the open secret of Beverly Hills and there were many negative connotations attached to the act of going to a doctor to look beautiful. Times have…
DP World and CDPQ Expand Global Investment Platform to $8.2 billion
DUBAI: DP World, a global infrastructure-led supply chain solutions provider, and Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announced the expansion of their ports and terminals investment platform through a new commitment of US$4.5 billion (CA$6 billion), which increases the total size of the platform to US$8.2 billion (CA$ 10.6…
Sensyne Health launches a clinical algorithm engine, created in partnership with Microsoft
OXFORD: Sensyne Health plc has launched its ‘SENSE’ system in the UK, developed in partnership with Microsoft and its health cloud technology, as part of an existing strategic partnership between the two organisations. SENSE is a clinical algorithm engine which generates AI algorithms (called SYNEs) for real-time decision support across multiple medical conditions. SYNEs enable…
Papillon Holdings signs deal with Mayflower Capital to acquire African gold assets
LONDON: Papillon Holdings plc has signed a binding Heads of Agreement with Mayflower Capital Investments Pty Limited to acquire certain contractual production and exploration rights held by Mayflower in two gold assets located in Kenya and Congo Brazzaville. The acquisitions are expected to provide Papillon Holdings with near term gold production and considerable value upside…
Ofgem fines SSE for breach of legal requirements on publication of inside information
LONDON: Britain’s independent energy regulator, Ofgem has fined SSE £2.06 million for failing to publish inside information about the wholesale energy market, a news release said. The £2.06m fine, the first relating to the publication of inside information in energy markets in GB and the EU, sends a strong message to SSE, and other wholesale…
Facebook introduces product in Pakistan to limit spread of misinformation
NEW YORK: As partof Facebook’s three-pronged approach to prevent the spread of misinformation: ‘Remove, Reduce, Inform’, the social media conglomerate corporation has launched a new product in Pakistan to help limit the spread of misinformation. It provides people using the platform with additional context before they share images that are more than a year old…