PERTH: Collins Foods Limited has appointed Hans Miete as CEO Europe, effective 5 October 2020. Hans will take responsibility for the European operations of Collins Foods, encompassing 24 KFC restaurants in Netherlands and 18 KFC restaurants in Germany. Hans joins Collins Foods from his most recent role as Managing Director, Burger King Netherlands (BK NL),…
LMG appoints new chief operating officer
SYDNEY: Latrobe Magnesium Limited (LMG) has appointed Ronan Gillen as its new Chief Operating Officer for its initial 3,000 tpa magnesium plant at 320 Tramway Road Hazelwood North. Mr Gillen will be responsible for the construction and operations of the plant. Since 2009 Mr Gillen has been employed by Fluor working in positions of senior…
Mermaid and ARV set up AI and robotics joint venture ‘ZeaQuest’ for subsea services
SINGAPORE: Mermaid Subsea Services and AI & Robotics Ventures Company Limited (ARV) set up artificial intelligence and robotics technology joint venture “ZeaQuest” to develop robotics and artificial intelligence (AI) technology to provide commercial subsea engineering services. The aim of this newly formed partnership is to develop robotics and artificial intelligence technology to provide commercial subsea…
Trackwise Designs signs manufacture and supply agreement with a UK electric vehicles producer
LONDON: A provider of specialist products using printed circuit technology, Trackwise Designs Plc, has signed a three-year Product Manufacture and Supply Agreement with a UK manufacturer of electric vehicles. The agreement is for the supply of Trackwise’s Improved Harness Technology-enabled (IHT) flexible printed circuit boards for use in high and low voltage circuits in the…
Kenton Jarvis joins easyJet Board as Chief Financial Officer
LONDON: easyJet Plc announced that Kenton Jarvis will be joining the Board as Chief Financial Officer, replacing Andrew Findlay who as previously announced will be stepping down from the board and leaving easyJet. Kenton is currently CEO of Aviation, and Business Improvement Director – Markets, at TUI Group. He has held a number of senior…
JLEN acquires two operational hydropower stations and battery storage system
LONDON: JLEN Environmental Assets Group Limited has announced the acquisition of Northern Hydropower Holdings Limited (NHHL) for a total consideration, including working capital, of £4.74 million. This represents the JLEN’s second investment into run-of-river hydropower and battery storage, further increasing the diversification profile of the Company’s portfolio of environmental infrastructure projects including, wind, solar, anaerobic digestion,…
FCA sets out approach on listings of cannabis-related companies in UK
LONDON: The UK Financial Conduct Authority (FCA) has explained its approach to assessing the applications from cannabis-related companies interested in listing in the UK. This is pending a guidance consultation which will follow in due course. While medicinal cannabis was legalised in the UK in 2018, investment in overseas-licensed medicinal cannabis businesses remains a legally…
Global Hemp Group forms partnership to create a sustainable economic zone in Northwest Colorado
VANCOUVER: Global Hemp Group has entered into agreement to form an exclusive strategic partnership to create a Sustainable Economic Zone in northwest Colorado with Western Sierra Resource Corporation (WSRC), a news release said. The Economic Zone will be vertically integrated and will generate multiple revenue streams for this 50/50 Partnership. The Partnership will benefit from…
Gold Plus Mining starts trading on the Frankfurt Stock Exchange
VANCOUVER: Gold Plus Mining Inc. has successfully listed its shares on the Frankfurt Stock Exchange under symbol 1I3. The listing of the Company’s shares on the Frankfurt Stock Exchange will broaden the corporation’s shareholder base in Europe and increase trading activity in its shares, while at the same time facilitating investment in Gold Plus by…
Outlook for Catholic Order of Foresters (COF) revised to negative from stable
LONDON: AM Best has revised the outlooks to negative from stable for Catholic Order of Foresters (COF) due to declining trend of operating performance, where operating losses have been reported over the past two years and through the second quarter of 2020. AM Best affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term…
China’s global data security initiative and its international implications
BEIJING: Earlier this month, Chinese State Councilor and Foreign Minister Wang Yi announced a new initiative to establish global standards on data security. The Chinese government’s Global Data Security Initiative was launched to set new rules for inter-government network governance and to support an open and transparent business environment for the digital economy. China’s initiative…
Scentre Group prices $3.0 billion of subordinated hybrid notes
SINGAPORE: Scentre Group priced a US$3.0 billion (A$4.1 billion) subordinated hybrid note issue in the United States market. The hybrid note issue comprises: US$1.5 billion 60-year, non-call 6-year subordinated notes with a coupon of 4.75%; US$1.5 billion 60-year, non-call 10-year subordinated notes with a coupon of 5.125%. The hybrid notes have a 60-year maturity date…