ISLAMABAD: Cosmetic procedures once used to be exclusive to Hollywood. Actresses used to get their facial features enhanced by a plastic surgeon. Plastic surgery and cosmetic procedures were once the open secret of Beverly Hills and there were many negative connotations attached to the act of going to a doctor to look beautiful. Times have…
DP World and CDPQ Expand Global Investment Platform to $8.2 billion
DUBAI: DP World, a global infrastructure-led supply chain solutions provider, and Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announced the expansion of their ports and terminals investment platform through a new commitment of US$4.5 billion (CA$6 billion), which increases the total size of the platform to US$8.2 billion (CA$ 10.6…
Sensyne Health launches a clinical algorithm engine, created in partnership with Microsoft
OXFORD: Sensyne Health plc has launched its ‘SENSE’ system in the UK, developed in partnership with Microsoft and its health cloud technology, as part of an existing strategic partnership between the two organisations. SENSE is a clinical algorithm engine which generates AI algorithms (called SYNEs) for real-time decision support across multiple medical conditions. SYNEs enable…
Papillon Holdings signs deal with Mayflower Capital to acquire African gold assets
LONDON: Papillon Holdings plc has signed a binding Heads of Agreement with Mayflower Capital Investments Pty Limited to acquire certain contractual production and exploration rights held by Mayflower in two gold assets located in Kenya and Congo Brazzaville. The acquisitions are expected to provide Papillon Holdings with near term gold production and considerable value upside…
Ofgem fines SSE for breach of legal requirements on publication of inside information
LONDON: Britain’s independent energy regulator, Ofgem has fined SSE £2.06 million for failing to publish inside information about the wholesale energy market, a news release said. The £2.06m fine, the first relating to the publication of inside information in energy markets in GB and the EU, sends a strong message to SSE, and other wholesale…
Facebook introduces product in Pakistan to limit spread of misinformation
NEW YORK: As partof Facebook’s three-pronged approach to prevent the spread of misinformation: ‘Remove, Reduce, Inform’, the social media conglomerate corporation has launched a new product in Pakistan to help limit the spread of misinformation. It provides people using the platform with additional context before they share images that are more than a year old…
Arsenal to manufacture and distribute CannAmerica products in Colorado
VANCOUVER: CannAmerica Brands Corp. entered into a long-term licensing agreement and brand partnership with Arsenal Oils and Extracts under which Arsenal will have an exclusive license to manufacture and distribute CannAmerica branded products and Live Labs in Colorado. “We are pleased to announce that with this agreement CannAmerica branded products will not only be more…
Lotus Ventures and Kolab Project launch new cannabis flower offering in Canada
VANCOUVER: Lotus Ventures Inc. and Kolab Project announced the launch of Kolab Project cannabis flower in select licensed retailers across Canada. Kolab Project Kalifornia is a heavy-hitting Indica-dominant strain, which is the result of a unique collaboration between Kolab Project, a cannabis brand owned by Auxly Cannabis Group Inc. and Lotus Cannabis Co., the consumer…
Songa Container appoints James Buck as its Chief Executive Officer
OSLO: Songa Container has announced the appointment of James Buck as its Chief Executive Officer, effective as of 1 September 2020. Buck brings with him 20 years’ experience in the container sector, a career spanning from Europe to Asia. Initially entering the market on the liner side with Maersk, he went on to hold senior…
Cloudberry Clean Energy to purchase hydropower plant in Norway
OSLO: Cloudberry Clean Energy AS has signed a Share Purchase Agreement (SPA) to purchase 100% of Åmotsfoss Kraft AS, a hydropower plant currently being constructed in Nissedal municipality in Norway, a news release said. It is expected an annual production of 22.5 GWh. Financial closing is scheduled for end-August 2021. Cloudberry is a Nordic renewable…
Medicare advantage insurance market segment’s strong earnings continue
NEW YORK: Driven by some of the segment’s largest health insurers, the U.S. Medicare Advantage (MA) insurance segment continued its strong earnings trend in 2019, increasing by 58% year over year to $7.1 billion. The Best’s Special Report, titled, “US Health: Favorable Underwriting Gains for Medicare Advantage,” notes that annual premiums growth has averaged nearly…
INVNT Group appoints Claudia Stephenson as Managing Director in EMEA
LONDON: INVNT GROUP has recruited Claudia Stephenson as new Managing Director for EMEA, a move that has been fuelled by increased demand for the Group’s multi-disciplinary offering amid the pandemic. An excellent communicator with long-standing client relationships across sectors including tech, gaming, HR and healthcare, Stephenson joins from Freeman and brings 20 years’ experience to…