HAIKOU: A batch of key industrial parks were unveiled on June 3 in China’s island province of Hainan, in an effort to promote the construction of the Hainan free-trade port. The 11 key parks around the island cover three major fields, including tourism, modern services and advanced technologies. “The industrial parks are important areas to…
Lonza appoints Pierre-Alain Ruffieux as new Chief Executive Officer
BASEL, SWITZERLAND: The Board of Lonza announced today that Pierre-Alain Ruffieux has been appointed Chief Executive Officer effective 1 November 2020. Prior to that he held roles of increasing seniority at Novartis and has over 20 years’ experience in biopharmaceuticals. Albert Baehny, Chairman of the Board said: “The Board is delighted to have appointed someone…
Mobilicom selected to join AI 5G consortium
MELBOURNE: Mobilicom Limited has been selected to join the WIN (Wireless Intelligent Networks) Consortium to execute a project during calendar year 2020 valued at more than $4 million. The WIN Consortium is funded by the Israel Innovation Authority and is expected to be extended through 2021 and beyond. Mobilicom’s share in the project is valued…
Kiwi insurer Tower gives back $7.2m to customers
SYDNEY: Kiwi insurer, Tower, has confirmed that it will be refunding customers $7.2m, due to the lower cost of car claims during the COVID-19 lockdown period. Tower CEO, Richard Harding, said that every customer would be refunded part of the car insurance premiums they paid during the level three and four lockdowns. “We’re a Kiwi…
Regional express increases flights in response to QantasLink increases
PERTH: Regional Express (Rex) has announced that it will increase its flying schedule in response to QantasLink’s actions to more than double its flights to ports that are in competition with Rex. From 6 July 2020, Rex will be providing daily weekday return services to these competitive routes and will also provide twice-daily return services…
Amazon and Slack join forces to deliver the future of the enterprise workplace
SAN FRANCISCO: Amazon Web Services Inc. (AWS) and Slack Technologies Inc. announced a new multi-year agreement to deliver solutions for enhanced enterprise workforce collaboration. Slack and AWS will strategically partner to help distributed development teams communicate and become more efficient and agile in managing their AWS resources from inside Slack. Slack will migrate its Slack…
Keppel enters into framework deed with Borr Drilling to defer scheduled delivery of rigs
SINGAPORE: Keppel Offshore & Marine Limited has through its wholly owned subsidiaries, Keppel FELS Limited and Offshore Partners Pte. Ltd., entered into a Framework Deed with Borr Drilling Limited and certain of its subsidiaries pursuant to which Keppel O&M agreed to, among other things, defer the scheduled delivery of five jackup rigs to Borr Drilling…
JCPenney provides update on store optimization strategy
PLANO, TEXAS: J. C. Penney Company has taken the first step in implementing its store optimization strategy. Following a comprehensive evaluation of its retail footprint and a careful analysis of store performance and future strategic fit for the Company, JCPenney identified the first phase of 154 store closures. Following entry of an order at the…
Clive Dix appointed deputy chair of the steering board of UK Vaccine Taskforce
LONDON: Chief Executive Officer of C4X Discovery Holdings Clive Dix has been appointed a member and Deputy Chair of the Steering Board of the UK Vaccine Taskforce, the group set up by the Government’s Chief Scientific Adviser, Deputy Chief Medical Officer, Business Secretary and Health Secretary to lead UK efforts to find and manufacture a…
Macarthur Minerals’ partner Fe Limited completes sale of Evanston royalty
LONDON: Macarthur Minerals Joint Venture Partner, Fe Limited (FEL) has announced the completion of the sale of its Evanston royalty interest over a portion of the wider Koolyanobbing iron ore mine in the Southern Yilgarn region of Western Australia. TRR Services Australia Pty Ltd, a wholly owned subsidiary of Trident Resources PLC, has purchased the…
Normandy Limited to merge into Caribbean Investment Holdings
TORTOLA: Caribbean Investment Holdings (CIHL) announced that agreement has been reached on the terms of the proposed acquisition of the entire issued share capital of Normandy Limited by the Company. The acquisition will be implemented pursuant to the terms of the merger, which is anticipated to become effective on or around 9 June 2020. Following…
ParcelPal announces expansion into the Ontario market
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…