LONDON, UK: The Board of Tufton Oceanic Assets Limited announced that the Company has acquired a Handysize Bulk Carrier for $7.0 million. The vessel has a fixed rate time charter for six to eight months to a major agricultural commodity trading and logistics company. The yield during the charter is in line with the targets…
GAN confirms internet gambling in the State of Michigan
LONDON: GAN plc, an award-winning developer and supplier of enterprise-level B2B Internet gambling software, services and online gaming content in the United States, provides more information on the previously confirmed closure of certain market access arrangements with the Sault Tribe of Chippewa Indians (Tribe) in the State of Michigan. This follows the December 23, 2019,…
Coronavirus outbreak could lead to rising demand for IT products: Huawei CEO
BEIJING: Most employees at Huawei Technologies Co. are back at work following the coronavirus outbreak, though the pandemic is likely to hit the Chinese telecom giant’s financial results this year, the company’s chief executive said. Ren Zhengfei, who is also Huawei’s founder, also said that the company plans to boost its research and development budget…
Pakistan Stock Exchange launches its first exchange traded fund (ETF)
KARACHI: In a first, Pakistan Stock Exchange (PSX) has launched a new product, the Exchange Traded Fund (ETF). With this product, PSX has joined the list of stock exchanges in the world offering ETFs which are investment products combining the returns offered by the stock market with the diversity offered by a mutual fund. PSX…
NetCents Technology hires Pat Albright as SVP Strategic Development
VANCOUVER: NetCents Technology Inc., a disruptive cryptocurrency payments technology solutions provider, has appointed Pat Albright as Senior Vice President of Strategic Development. Mr. Albright previously served as Marketing and Business Senior Vice President at Moneris Solutions – the largest payment processor in Canada – processing 3 billion transactions annually. Mr. Albright also served as Managing…
TGS completes processing of Erlend Wild West project
ASKER: TGS-NOPEC Geophysical Company, a leading provider of multi-client geoscience data for exploration & production (E&P) companies, has completed the processing of its Erlend Wild West multi-client 3D seismic survey west of Shetland. This data, which offers an enhanced subsurface image of the region to assist in the geological understand of this highly prolific region,…
Mota Ventures launching immune support CBD line
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…