LONDON: 7digital Group plc, the global leader in B2B end-to-end digital music solutions, has signed a new contract with Triller Inc. to power the world’s fastest growing social music video app with its Music Platform-as-a-Service offering. Triller is an AI-powered app that allows users to choose their favourite music to create auto-edited, professional-quality videos which…
Helios Towers agrees to acquire Free Senegal’s passive infrastructure assets for €160 million
LONDON: Helios Towers plc, the independent telecommunications infrastructure company, has signed an agreement with Free Senegal to acquire its passive infrastructure assets, for an upfront cash consideration of €160 million, a news release said. This represents an enterprise value of €178m including an estimated €18m of taxes and capitalised ground leases. Deferred consideration and growth…
‘We Need More Transparency On Covid Data’
LONDON: Government policy in the four UK parliaments, and in the Republic of Ireland, is implicitly based on the assumption that there is a high level of Covid-19 transmission in pubs. This approach by governments is obvious since pubs have been among the last to open, after the various lockdowns finished. Pubs can be crowded,…
SGX and Israel Securities Authority agree to cooperate to enhance investor protection for dual listings
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) and the Israel Securities Authority (ISA), the national securities regulator, have agreed to cooperate to enhance protection for investors in issuers dual listed on Singapore Exchange (SGX) and Tel-Aviv Stock Exchange (TASE). The regulatory cooperation will enable SGX RegCo and ISA to exchange information, and enhance how both regulators…
G-III Apparel Group and Levi Strauss & Co. renew U.S. licensing agreements for outerwear
NEW YORK: G-III Apparel Group Ltd. announced that it has renewed its license agreements with Levi Strauss & Co. for the Levi’s and Dockers brands. These licenses have been renewed through November 30, 2024 and cover men’s and women’s outerwear under the Levi’s brand and men’s outerwear for the Dockers brand. Ron Finestone, G-III Divisional…
Moderna announces supply agreement with U.S. government for 100 million doses of mRNA vaccine
CAMBRIDGE: Moderna Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines to create a new generation of transformative medicines for patients, announced that the U.S. government has secured 100 million doses of mRNA-1273 as part of the U.S. government’s goal of securing early access to safe and effective COVID-19 vaccines for the American…
Paul Tyler appointed next CEO of Superloop
BRISBANE, AUSTRALIA: Superloop Limited announced the appointment of Paul Tyler as the Company’s next Chief Executive Officer commencing 1 October 2020. Mr Tyler comes to Superloop with more than 25 years’ experience in senior leadership roles, most recently as Chief Customer Officer of NBN Co Ltd (NBN) responsible for scaling its aspirations in the business,…
Global Oil & Gas Limited to acquire 20% equity interest in Goshawk Energy Corporation
PERTH: Global Oil & Gas Limited (GLV) has entered into an exclusive Heads of Agreement (HOA) for the option to acquire a 20% equity interest in Goshawk Energy Corporation Pty Ltd, a news release said. Goshawk owns several strategic licences, which are prospective for oil and gas located in Western Australia’s Canning Basin covering an…
FDA Approves initiation of IGC’s cannabinoid trial on Alzheimer’s patients
POTOMAC: India Globalization Capital announced that on July 30, 2020, the U.S. Food and Drug Administration (FDA) notified IGC that it has authorized the Company to initiate a Phase 1 human trial study for the Company’s investigational cannabinoid formulation for the treatment of patients suffering from mild to severe dementia due to Alzheimer’s disease. After…
Peter Snowsill appointed Chief Executive Officer of Aurora Labs
SYDNEY: Aurora Labs Limited has appointed Mr Peter Snowsill as Chief Executive Officer, with immediate effect, a news release said. Mr Snowsill has served as the interim CEO since March 2020 and previously as the Chief Operating Officer. Mr Snowsill has over 25 years technology-based executive, engineering and project management experience across Australia, Asia Pacific…
Moody’s acquires stake in Islamic rating agency, strengthening presence in key ASEAN market
NEW YORK: Moody’s Corporation has acquired a minority stake in Malaysian Rating Corporation Berhad (MARC), a credit rating agency serving the Malaysian domestic bond and sukuk markets, a news release said. The investment strengthens Moody’s presence in Southeast Asia and across domestic bond markets globally, and advances its position as a leader in Islamic finance….
P97 Networks to enable contactless mobile payments for Asia-Pacific’s leading oil companies
SINGAPORE: P97 Networks Inc., has been selected by Mobil Oil New Zealand Limited, an affiliate of ExxonMobil Asia Pacific Pte Ltd, to enable mobile payments across its Mobil-branded retail network in New Zealand. ExxonMobil Asia Pacific is the downstream and chemical business hub for the region with over $15 billion of assets under affiliate management….