PHOENIX: ON Semiconductor Corporation, driving energy efficient innovations, announced it is exploring a sale of its manufacturing facility in Niigata, Japan. The intended sale of Niigata facility is part of the company’s plan to optimize its manufacturing footprint and sharpen its focus on highly differentiated power, analog and sensor products. The company will begin searching…
High Tide to open Canna Cabana in popular year-round tourist destination of Banff
CALGARY: High Tide Inc., a retail-focused cannabis corporation enhanced by the manufacturing and distribution of cannabis lifestyle accessories, announced that the Canna Cabana retail cannabis store at Banff Avenue in Banff, Alberta will be opening on Wednesday, August 12, 2020 after receiving its license from Alberta Gaming Liquor and Cannabis on August 6. The Banff…
AM Best assigns credit ratings to Net Insurance S.p.A. with stable outlook
AMSTERDAM: Global rating agency AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Net Insurance S.p.A. of Italy. The outlook assigned to these ratings is stable. The ratings reflect Net Insurance’s balance sheet strength, which AM Best categorises as adequate, as well as its…
Global commercial aircraft market to grow by over 3.0% during 2020-25
DUBLIN: The commercial aircraft market is expected to register a cumulative average growth rate (CAGR) of over 3.0%, during 2020-25, a report prepared by ResearchAndMarkets.com notes. The growth in air travel, especially in the emerging economies, is expected to remain as the key driver for the market growth during the forecast period. The introduction of…
Bophelo enters into $30 million cannabis offtake agreement with Malta-based Medcan
TORONTO: Bophelo Bio Science & Wellness Pty Ltd, a wholly-owned subsidiary of Halo Labs Inc., has entered into an offtake agreement with Medcan Ltd, a company incorporated in the Republic of Malta, for the sale of bulk cannabis biomass, primarily into the European market. The term of the Agreement is for a period commencing on…
Huawei and 5G industrial partners launch first batch of 5G industrial application
BEIJING: At the “5G for Good, Innovate for New Value” summit, Huawei and 5G industrial partners jointly launched the first batch of 5G industrial applications. This initiative accelerates the development of 5G, marking the maturity of the 5G industry ecosystem. Around 50 partners joined the ecosystem so far, including those specialized in both industry and…
Tourists to Dubai assured of safe visits and smooth travel
DUBAI: As travellers mull over their summer vacation plans, Emirates and Dubai is sending out the clear message that tourists are welcome to enjoy the city’s many attractions, with various measures put in place for safe visits and smooth travels. Tourists can easily apply for visas in advance, or get their visa stamped on arrival…
Bankers Investment Trust
Bankers Investment Trust (LSE: BNKR) is a large British investment trust dedicated to investments in major international businesses, particularly FTSE 100 companies. Established in 1888, the company is a constituent of the FTSE 250 Index. The chairman is Susan Inglis as of February 2019.
Bank of Georgia Group PLC
Bank of Georgia Group PLC (LSE: BGEO) is a UK incorporated holding company which, through its subsidiaries, carries out a) retail banking and payment services, and b) corporate investment banking and wealth management operations in Georgia, and c) banking operations in Belarus. Bank of Georgia offers the a range of financial products to the retail…
Bank of Cyprus
Bank of Cyprus is a Cypriot financial services company established in 1899 and headquartered in Strovolos. The Bank of Cyprus currently operates through a total of 108 branches/business offices, of which all operate in Cyprus. The group has representative offices in Romania (€33 million net exposure) Greece, (€309 million exposure) Russia, (€21 million net exposure)[3]…
Balfour Beatty plc
Balfour Beatty plc is a multinational infrastructure group based in the United Kingdom with capabilities in construction services, support services and infrastructure investments. A constituent of the FTSE 250 Index, Balfour Beatty works across the United Kingdom, Ireland, the United States, Canada and South East Asia. By turnover and profit, Balfour Beatty was ranked in…
Bakkavör Group Plc
Bakkavör Group Plc is an international food manufacturing company specialising in fresh prepared foods. The Group’s head office is in London, England. It is listed on the London Stock Exchange. It was listed 27th in the 2015 Sunday Times Top Track 100. The company produces a range of meals, salads, desserts and pizza and bread….