LONDON: Following the easing of restrictions relating to COVID-19 that forced the closure of its UK sites on 24 March 2020, Escape Hunt Plc announced that all eight of its venues in England will reopen on Saturday 11 July 2020. “We expect to reopen our Edinburgh site in the coming weeks, pending an announcement from…
VR Education signs multi-year enterprise licence agreement with Tokyo Global Gateway
LONDON: VR Education, a leading virtual reality (VR) technology company focused on the education and enterprise training space, announced that the Group has signed a multi-year enterprise licence agreement with Tokyo Global Gateway (TGG) for use of the Group’s proprietary ENGAGE platform, effective from 1 September 2020. The agreement comprises an initial one-off fee for…
Rio Tinto plans to wind-down operations of New Zealand Aluminium Smelters
LONDON: Rio Tinto will start planning for the wind-down of operations and the eventual closure of New Zealand Aluminium Smelters (NZAS) following the conclusion of its strategic review which has shown the business is no longer viable given high energy costs and a challenging outlook for the Aluminum industry. As a result, NZAS has given…
Tara Swennen and Stephanie Sprangers bring together some of the biggest names for the Glamhive Digital Summer Bazaar
SEATTLE: Celebrity stylist Tara Swennen and Glamhive founder Stephanie Sprangers will once again bring together some of the biggest names from around the world in style, fashion, beauty and women’s empowerment for the Glamhive Digital Summer Bazaar—a groundbreaking digital event. During Glamhive’s first digital event, Glamhive LIVE Style Summit, audience members were asked to engage…
Merck appoints Deborah H. Telman as General Counsel for Organon & Co
KENILWORTH: Merck, known as MSD outside the United States and Canada, announced the appointment of Deborah H. Telman as General Counsel for Organon & Co., its intended spinoff of its women’s health, legacy brands and biosimilars businesses. In her new role, Deb will act as senior legal advisor to the Board of Directors, Chief Executive…
Sur La Table to restructure and complete a going-concern sale via voluntary Chapter 11 process
SEATTLE: Sur La Table announced that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey to consummate a restructuring and going-concern sale of the Company, subject to Court approval. With the support of its lenders, Sur La Table has secured…
FogChain enters LOI to merge/amalgamate with EdTech concern Global Star Education Group
VANCOUVER: FogChain Corp. announced that it has entered into a letter of intent (LOI) with Global Star Education Group Limited pursuant to which FogChain will acquire all of the outstanding shares of Golden Star pursuant to a merger, amalgamation or some other form of business combination which will constitute a fundamental change of the Company…
Persado’s AI-based language platform delivers triple-digit lift for mortgage firm Mr. Cooper
NEW YORK: Persado, the leading AI-platform that unlocks the value of the right words at every customer interaction, announced it has signed a long-term agreement with Mr. Cooper, the nation’s largest non-bank mortgage servicer, to help customers uncover more cost-effective options when managing their finances. Based on early testing, Persado’s multi-channel engagement delivered a 74%…
VSBLTY partners with Synect to provide real time analytics for airports
PHILADELPHIA: VSBLTY Groupe Technologies Corp., a leading provider of security and retail marketing technology, announced the signing of an agreement with Synect, a digital strategy and content creation agency that enables video displays of unlimited size and scale in airports throughout the country. The announcement was made by VSBLTY Co-founder and CEO Jay Hutton, who…
AM Best affirms credit ratings of Wright National Flood Insurance
OLDWICK: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit of “a-” of Wright National Flood Insurance Company (WNFIC) (San Antonio, TX). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect WNFIC’s balance sheet strength, which AM Best categorizes as strongest, as well as its…
Olam secures third medium-term Samurai loan facility of JPY 25 billion
SINGAPORE: Leading global food and agri-business, Olam International announced that its wholly owned subsidiary, Olam Treasury Pte. Ltd. (OTPL), has secured a medium-term samurai loan facility aggregating JPY 25 billion in the Japanese market. N Muthukumar, Managing Director and Group CFO of Olam said: “We are extremely pleased to return to the Japanese loan market…
SGX reports market statistics for June 2020
SINGAPORE: Singapore Exchange (SGX) released its market statistics for June 2020. Global financial and commodity markets reflected optimism from the reopening of major economies, even as concern that new COVID-19 infections could stymie growth continued to drive demand for risk management. Total securities market turnover value on SGX rose 74% year-on-year (y-o-y) in June to…