SEOUL: Liquiditi Solutions and Unit Ventures successfully co-hosted the inaugural Liquiditi Solutions Forum that spotlighted doctors, business leaders, and health experts that are leading the response to COVID-19. The virtual conference brought together 25 speakers from four continents, including Africa, Asia, Europe and North America, and attendees from all over the globe. Liquiditi Solutions offers…
Columbia Property Trust terminates WeWork’s lease at Columbia’s 149 Madison Avenue
NEW YORK: Columbia Property Trust and WeWork announced that they have mutually agreed to terminate WeWork’s lease at Columbia’s 149 Madison Avenue. This decision is part of WeWork’s plan to seek profitable growth and optimize the company’s real estate portfolio, while allowing Columbia to assume full control of 149 Madison Avenue, including all improvements that…
Housing rights advocates shame Essex Property Trust CEO, Mike Schall
SANTA CLARITA: A coalition of tenants’ rights advocates that include Housing Is A Human Right (HHR), the housing advocacy division of AIDS Healthcare Foundation (AHF) have staged several socially-distant protests calling out corporate landlord and other bad actors for fueling California’s ongoing housing affordability and homeless crises. The housing rights advocates will stage another protest…
AM Best downgrades credit ratings of General Insurance Corporation of India
SINGAPORE: Global rating agency AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a” of General Insurance Corporation of India (GIC Re). The outlook of the FSR has been revised to stable from negative whilst the Long-Term ICR…
Nyjah Huston, casino game, 5th Planet Games
COPENHAGEN: 5th Planet Games announced the launch of Nyjah Huston casino style game. The game is developed and distributed in cooperation with the Swedish slot game supplier Play’n GO. “With regards to the Vikings game, we are still waiting on the legal approval from the IP holder. As soon as we have this, we will…
Hitachi ABB Power Grids Ltd commences operations
TOKYO: In accordance with the agreement signed on December 17, 2018, Hitachi Ltd. and ABB Ltd announced the completion of all required procedures as planned, and the formation of Hitachi ABB Power Grids Ltd. Hitachi has an 80.1 percent stake in this new joint venture entity (which has business volume of approximately 10 billion USD)…
Messe Frankfurt to hold virtual summer exhibition
DUBAI: Due to the COVID-19 pandemic and the Javits Center turning into a makeshift hospital Messe Frankfurt has decided to take the Texworld summer edition show to a virtual platform with the aim to support the sourcing community through these unprecedented times. The transition to a virtual event for the summer edition reinforces the fierce…
Huawei to emphasize 5G’s role in post-pandemic economic growth and Middle East’s digital transformation
BEIJING: Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, will host this year’s SAMENA Council Leaders’ Summit for the seventh consecutive year. The 2020 event, which is organized by SAMENA Telecommunications Council, is set to take place on9th July, with leaders from multiple country clusters to participate virtually….
Mail.ru Group GDRs start trading on the Moscow Exchange
MOSCOW: Mail.ru Group Limited announced that its Global Depositary Receipts (GDRs) have started trading on the Moscow Exchange, having been included in the Level 1 List. Commenting on the event Boris Dobrodeev, CEO (Russia) of Mail.ru Group, said: “Today’s listing on the local exchange marks a major milestone in our history as a public company,…
Logitech International nominates Hasbro’s Deborah Thomas to Board
NEWARK: Logitech International outlined a number of proposals, approved and recommended by its board of directors, on which it will ask shareholders to vote at the Company’s 2020 annual general meeting (AGM). Logitech also announced a new director nominee and new Group Management Team member. Logitech’s board of directors will ask shareholders at the 2020…
MVB Mortgage and Intercoastal Mortgage combine to become leading mortgage banking operations in Mid-Atlantic
FAIRMONT: MVB Mortgage and Intercoastal Mortgage have become one of the largest independently owned residential mortgage lending operations in the Mid-Atlantic Region: Intercoastal Mortgage, LLC (ICM). MVB Financial Corp. and its wholly-owned subsidiary MVB Bank announced that the Bank’s subsidiary Potomac Mortgage Group has completed a combination with Intercoastal Mortgage Company, a Van Metre Company….
Maxar Technologies completes $140 million acquisition of Vricon Inc.
WESTMINSTER: Maxar Technologies announced that it has completed its previously announced acquisition of 3D data and analytics firm Vricon, Inc., for approximately $140 million, or approximately $115 million net of estimated cash at closing. Vricon is a global leader in satellite-derived 3D data for defense and intelligence markets, with software and products that enhance 3D…