National Australia Bank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia in terms of market capitalisation, earnings and customers. NAB was ranked 21st largest bank in the world measured by market capitalisation and 52nd largest bank in the world as measured by total assets in 2019. As of November…
Bombardier announces closing date, amended terms for sale of Aerostructures Business to Spirit
MONTREAL: Bombardier has entered into an amended definitive agreement to sell its aerostructures business to Spirit AeroSystems Holding Inc., supporting Bombardier’s strategic decision to reposition itself as a pure-play business aircraft company. This transaction is set to close on October 30, 2020 as all closing conditions have been met, a news release noted. Under the…
Canntab to launch in Australia and participate in Australia’s largest cannabis research
TORONTO: Canntab Therapeutics Limited announced the impending launch of its suite of hard pill cannabinoid formulations in Australia with its partner CANN Global Ltd. CANN Global through its management partnership with Medcan Australia Pty Ltd, received an import permit and have placed an initial order for Canntab’s products. Canntab will immediately apply for an export…
Havn Life Sciences earns Health Canada approval for natural health product formulations
VANCOUVER: Havn Life Sciences Inc., has received approval from Health Canada for six of its natural health product formulations, a news release said. Havn Life Sciences is a biotechnology company focused on unlocking human potential using evidence informed research and developing standardized psychoactive compounds derived from plants and fungi. “We are seeing tremendous consumer demand…
Kuya Silver agrees to acquire 100% interest in the Bethania Silver Property
TORONTO: Kuya Silver Corporation has agreed to acquire a 100% interest in S&L Andes Export SAC (S&L), the owner of the Bethania Silver mine property, a news release said. Kuya Silver Corporation has entered into a letter agreement with the current owners of S&L to acquire an additional 20% interest such that it will now…
Raffles Financial signs strategic cooperation with Shanghai Lingang Free Trade Zone Technology Hub
SINGAPORE: Raffles Financial Group Limited’s wholly owned subsidiary Raffles Financial Private Limited has entered into a 3-Year Strategic Cooperation Agreement with Shanghai Lingang Technology Entrepreneurship Center Co. Raffles, equipped with professional background and experience in corporate finance, will support Lingang in building an incubation centre for fast-growing tech firms with leading disruptive technologies. Raffles’ role…
WPP Plc appoints Dr. Ya-Qin Zhang to the Board
LONDON: WPP Plc announced the appointment of Dr. Ya-Qin Zhang to its Board as a Non-Executive Director with effect from 1 January 2021. A world-renowned technologist, scientist and entrepreneur, Dr. Zhang served as President of Baidu Inc, the global internet services and AI company headquartered in Beijing, between 2014 and 2019. As President, he oversaw…
Richard Huntingford to join Unite Group Plc as Chairman Designate on December 01
LONDON: Richard Huntingford, Chairman of Future plc – a FTSE 250 global platform for specialist media, will assume the office of Chairman of Unite Group Plc, as Phil White has advised the board of directors that he will retire as Chairman and step down from the Board with effect from 31 March 2021. Richard will…
IGas Energy signs MoU with BayoTech for hydrogen development
LONDON: IGas Energy Plc announced a further step in its strategy to be well placed in the energy transition by entering into heads of terms with BayoTech, a manufacturer of modular hydrogen generation systems, to produce hydrogen from certain of IGas’ existing gas resources. BayoTech, whose high efficiency, low carbon technologies originated in Sandia National…
Telecom Egypt is building Egypt’s largest international data center
LONDON: Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, announces that it is building Egypt’s largest international data center facility. Expected to be commissioned in early 2021 with access to all the global submarine cable systems that land in Egypt, the new data center is…
Jesper With-Fogstrup appointed new CEO of ULS Technology
LONDON, UK: ULS Technology plc, the provider of online B2B platforms for the UK conveyancing and financial intermediary markets, announced the forthcoming appointment of Jesper With-Fogstrup as Chief Executive Officer (CEO). Jesper will start his role and join the Board in early 2021. Jesper (aged 46) has over 20 years’ experience within digital and technology…
Panoro Energy successfully drills first well at Thyna Production Services in the last 5 years
OSLO: Panoro Energy announce that the Guebiba 10 sidetrack well located in the Guebiba oilfield in Tunisia and part of the Thyna Production Services (TPS) concession has been successfully drilled and completed. The Guebiba 10 well encountered two separate commercial oil zones, with very encouraging results. In addition, during October, production has several times exceeded…