VANCOUVER: ParcelPal Technology Inc. announced its expansion in Ontario, with Toronto being the first city. The Company is going live in Toronto in two weeks with its courier services, and its on demand marketplace to shortly follow. CEO Rich Wheeless stated, “Since the day I started with ParcelPal, it has been my mission to make…
Outlook on GCC insurance markets downgraded to negative
LONDON: Global rating agency AM Best has revised its market segment outlook on the insurance markets of the Gulf Cooperation Council (GCC) to negative from stable. Key factors that led to the change in outlook include the economic downturn across the region stemming from lower oil prices and COVID-19 containment measures; the expectation of lower…
THC BioMed ships Canada’s first ready-to-drink cannabis beverage to British Columbia, Saskatchewan
VANCOUVER: THC BioMed Intl Ltd. announced that it is shipping its ready-to-drink Cannabis Beverage Shot, THC KISS, to British Columbia’s legal adult recreational cannabis market today. THC BioMed has also filled a second order for THC KISS to its Saskatchewan distributor. The Province of Alberta is currently in negotiations with THC Biomed to make THC…
AM Best affirms credit ratings of Union Insurance Company with stable outlook
HONG KONG: AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Union Insurance Company Limited of Taiwan. The outlook of these Credit Ratings is stable. The ratings reflect Union’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate…
Princess Cruises extends pause of global ship operations
SANTA CLARITA: Due to extension of the closure of cruise ports in regions around the world and other factors impacting international travel, Princess Cruises is extending its pause in cruise operations with respect to the following voyages: . All cruises sailing in and out of Australia through mid-September on Sea Princess, Majestic Princess, Sun Princess…
Creative launches Super X-Fi headphone holography in China
SINGAPORE: Creative Technology will be launching its groundbreaking Super X-Fi products in China, via an online event at 8pm on 5 June 2020. This signifies the entry of the multiple award-winning technology and its latest product range into the world’s biggest market. The launch features the latest additions to the line-up, all of which sport…
PPHE Hotel Group provides business update
LONDON: PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, announced the following update on the current operations across the Group and art’otel london hoxton development. Openings in Croatia have commenced with campsites to be followed by selected hotels in the course of June; Germany and Hungary…
Open Orphan launches Covid-19 antibody testing service
LONDON: Open Orphan plc (ORPH), a rapidly growing specialist CRO pharmaceutical services company which is the world leader in the testing of vaccines and antivirals using human challenge study models, announced the launch of hVIVO COVID Clear Test, the Company’s antibody testing service, following the successful completion of installation, testing and training. The antibody tests,…
Ecolab to separate upstream energy business and merge ChampionX With Apergy
ST. PAUL: Ecolab Inc. announced both the successful completion of its split-off exchange offer for Ecolab common stock in connection with the previously announced separation of its Upstream Energy business (ChampionX Business) and the closing of the merger of ChampionX Holding Inc. with a subsidiary of Apergy Corporation. Pursuant to the exchange offer, Ecolab has…
Х5 Retail Group reports 40 percent growth in May 2020 online sales
MOSCOW: X5 Retail Group, a leading Russian food retailer that operates the Pyaterochka, Perekrestok and Karusel chains, announced continued growth in online sales in May 2020. Total revenue in May 2020 of the online supermarket Perekrestok.ru and express delivery services from Pyaterochka and Perekrestok was RUB 2.37 billion (including VAT), of which RUB 1.7 billion…
Limelight Networks appoints Christine Cross lead to global marketing organization
SCOTTSDALE: Limelight Networks Inc., a provider of edge cloud services, announced Christine Cross has been appointed SVP, Chief Marketing Officer and will lead the company’s global marketing organization. In this role, she is responsible for all aspects of Limelight’s marketing strategy and execution including product management, demand generation, branding, strategic events and communications. “As we…
Tectonic sells majority interest in Tectonic South Africa to Kazera Global
LONDON: Tectonic Gold plc has sold a majority interest in the Company’s South African projects to Kazera Global Plc. As announced on 18 December 2019, Tectonic will retain a non-diluting 10% interest in Tectonic South Africa Pty (rebranded Deep Blue Minerals Pty Ltd, “DBM”) alongside the 26% holding of incoming Black Economic Empowerment (BEE) partners….