VANCOUVER: Mota Ventures Corp. announced that since the launch of the Pure Herbal Immunity Blend under the First Class brand on March 14th, 2020, it has had an exceptional reception, acquiring 1,838 new customers. The all-natural Immunity Blend is made from 100% pure essential oils, including cinnamon leaf, lemon, clove bud, lime, eucalyptus globulus, rosemary,…
Emirates Group take stringent cost reduction measures as travel demand weakens
DUBAI: The Emirates Group has undertaken a series of measures to contain costs, as the outlook for travel demand remains weak across markets in the short to medium term. This includes: Postponing or cancelling discretionary expenditure A freeze on all non-essential recruitment and consultancy work Working with suppliers to find cost savings and efficiency Encouraging…
Greencoat to acquire 51.9MW of operating wind capacity in France for €30.3 million
DUBLIN: Greencoat Renewables PLC, the company invested in euro-dominated assets, signed agreement to acquire a portfolio of operating wind assets in France from John Laing Group for a total consideration of €30.3 million. The portfolio of three wind farms come with 16-year long term fixed rate project finance and have an overall net enterprise value…
Medica and Qure.ai partner to use AI tools to improve clinical decision support
LONDON: Medica Group, the UK market leader in teleradiology services, and Qure.ai, a global leader in artificial intelligence (AI) solutions for radiology, announced a strategic partnership to develop AI tools for prioritisation and improved efficiency of radiology scan workload. Under the terms of the agreement, Medica will partner with Qure.ai in two important areas: The…
Blockchain Holdings WiSilica, the developer of TRACEsafe
VANCOUVER: Blockchain Holdings Ltd, a public company listed on the Canadian Securities Exchange, announced that effective March 13, 2020, it entered into a binding letter of intent to acquire 100% of the rights and interests in a self-quarantine monitoring technology suite known collectively as “IMSafe” from WiSilica, Inc. Under the terms of the Transaction, Blockchain…
Gfinity selected to deliver F1 Esports Virtual Grand Prix Series
LONDON: Gfinity plc, esports provider, has been selected to deliver the new F1 Esports Virtual Grand Prix series. The F1 Esports Series has been created to enable fans to continue watching Formula 1 races virtually, in light of the ongoing COVID-19 situation that has impacted the live Grand Prix events. Gfinity worked closely with Formula…
SGX RegCo provides guidance on holding of general meetings amid COVID-19
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) in consultation with the Accounting and Corporate Regulatory Authority and the Monetary Authority of Singapore is providing guidance on the holding of general meetings amid the COVID-19 situation. SGX RegCo had earlier announced measures to give time extensions for issuers with 31 December financial year-end to hold their annual…
Total acquires majority stake in the pioneering floating wind project Erebus
PARIS: Total S.A, a major energy player that produces and markets fuels and low-carbon electricity, has signed an agreement with the developer Simply Blue Energy to acquire 80% stake in the pioneering floating wind project Erebus located in the Celtic Sea, in Wales. The project will have a 96 megawatts capacity and will be installed…
Market outlook of U.S. life insurance, annuity segment revised to negative
NEW YORK: Insurance sector rating agency, AM Best has revised its market segment outlook on the U.S. life insurance and annuity (L/A) segment to negative from stable, due to the significant volatility and uncertainty in the financial markets created by the COVID-19 virus. In AM Best’s view, the L/A industry maintains strong capital and liquidity…
BW Energy announces 50pc capital expenditure reduction for 2020
OSLO: BW Energy, a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments, has announces adjustments to the development program on the operated Dussafu Marin license in Gabon in response to the spread of the coronavirus (COVID-19) and restrictions on international travel. The deferral of…
Pandion Energy announces hydrocarbon discoveries close to Balder Field
OSLO: Pandion Energy, a private oil and gas company with licenses on the Norwegian Continental Shelf, has announced the discovery of oil and gas in production license 820 S through the drilling of exploration well 25/8-19 S, including sidetracks A and A2. The exploration well, including sidetracks, proved hydrocarbons at five different intervals. Preliminary evaluation…
Boku partners Pearl Abyss to extend mobile payments and eWallets globally
LONDON, UK: Boku Inc, an independent carrier commerce company, announced a multi-country launch of Direct Carrier Billing (DCB) and eWallet payment services for Pearl Abyss Corp, the Korean game developer. The launch countries include Russia, Turkey, Thailand, Philippines, Indonesia, Malaysia, and Singapore and alongside carrier billing will also include local eWallet payment services such as…