LONDON: Watchstone Group plc has filed and served a claim against PricewaterhouseCoopers LLP (PwC) in the High Court, a news release said on Friday. The claim against PwC is for damages or equitable compensation of £63 million plus exemplary damages, equitable compensation, interest and costs. Watchstone’s claim against PwC is for breach of contract and/or…
Michael Davey appointed Chief Executive Officer of RateMyAgent
PERTH: RateMyAgent (RMA) announced the promotion of Michael Davey to the role of Chief Executive Officer and the resignation of Mark Armstrong, who will stay as an Executive Director and concentrate on the near term strategy for penetrating the US. RateMyAgent is an Australia-based review platform expanding rapidly in the United States and New Zealand….
Suvo commences trading on ASX following AUD$5 million capital raising
PERTH: Suvo Strategic Minerals Limited has commenced trading on the Australian Securities Exchange following a heavily oversubscribed capital raising of AUD$5 million via the issue of 250 million shares at AUD$0.02 per share. Based on the capital raising price, Suvo has a market capitalisation of AUD$10.5 million. Suvo received applications from investors well in excess…
BNK Banking Corporation appoints Brett Morgan as CEO
PERTH: BNK Banking Corporation Limited announced the appointment of highly experienced financial services industry professional, Mr Brett Morgan, as its new Chief Executive Officer (CEO). Mr Morgan will assume the role of CEO for the Banking (BNK) and Wholesale (Better Choice) Home Loans businesses, with John Kolenda CEO of the Finsure aggregation business. BNK Chairman,…
Zong and ZTE launch the first commercial MEC trial in Pakistan
ISLAMABAD: Zong, in collaboration with ZTE Corporation, has successfully launched the first commercial MEC (Multi-access Edge Computing) trial in Pakistan, a news release said. Zong 4G, China Mobile Pakistan (CMPak) is a 100% owned subsidiary of China Mobile Communications Corporation. The major development paves the way for conducting more 5G trials in Pakistan while preparing…
MobilityOne signs payment acceptance service with Alipay.com
LONDON: MobilityOne, the e-commerce infrastructure payment solutions and platform provider, announces that its wholly-owned subsidiary in Malaysia, MobilityOne Sdn Bhd, has entered into an Alipay service contract with Alipay.com Co. Ltd to offer Alipay’s payment acceptance service to MobilityOne’s merchants in Malaysia. Alipay is one of the largest mobile and online payment platforms globally and…
Canada must retaliate swiftly to Trump’s tariffs: Steelworkers
TORONTO: The Canadian government must respond swiftly with retaliatory tariffs on U.S. products following President Donald Trump’s misguided imposition of tariffs on Canadian aluminum exports, the United Steelworkers (USW) union says. The Trump Administration’s imposition of aluminum tariffs comes only weeks after the Canada-U.S.-Mexico Agreement (CUSMA) came into effect last month. It also flies in…
MiddleGround Capital acquires Dura Automotive Systems
LEXINGTON: MiddleGround Capital has acquired majority ownership of Dura Automotive Systems from Bardin Hill Investment Partners, a news release said. This is MiddleGround’s sixth platform acquisition made from its first fund, which closed in August 2019. Dura is a global designer and manufacturer of highly engineered automotive systems. It operates through its mechatronics, lightweight structures…
Halo Labs acquires 100% of Ukiah Ventures Inc, to accelerate revenue growth in California
TORONTO: Halo Labs Inc. has entered into a definitive agreement dated effective August 5, 2020 with Ukiah Ventures Inc., pursuant to which Halo will acquire all the issued and outstanding shares of Ukiah in exchange for securities of the Halo. Prior to the Transaction, the Company holds a 14.7% equity stake in Ukiah as a…
J.D. Power to acquire ALG from TrueCar in a $135 million deal
TROY: J.D. Power, a global leader in data analytics and consumer intelligence, has entered into an agreement to purchase ALG Inc., from TrueCar, Inc. for $135 million, a news release said. ALG is an industry authority on automotive residual value projections in both the United States and Canada, and the acquisition is expected to augment…
Women Tech Council announces the finalists for 2020’s Women Tech Awards
SALT LAKE CITY: Women Tech Council (WTC) has announced the finalists for this year’s Women Tech Awards, a program that recognizes the talent, impact, change-agents, innovators and women in technology that work tirelessly to build companies, communities and careers. By elevating the accomplishments of these women, the awards provide a platform that builds, extends and…
Alarm.com wins 2020 ESX Innovation Awards for technician and end user tools
TYSONS: For the second consecutive year, Alarm.com (Nasdaq: ALRM) has earned two ESX Innovation Awards. Highlights, an Alarm.com mobile app feature that shows end users a visual summary of daily system activity in their homes, won the Mobile Apps for Consumers category. On-Site Wrap Up, an Alarm.com MobileTech tool, was selected as the Installation/Service Tools…