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…
Bank of the Philippine Islands raises ₱21.5bn from pioneering CARE Bonds
MAKATI CITY: Bank of the Philippine Islands (BPI) has exceeded initial targets for its pioneering COVID Action Response Bonds (CARE Bonds), as subscriptions for the offering reached ₱21.5 billion, more than seven (7) times the initial planned issue size of ₱3 billion, triggering an expedited offer period closing for the country’s first COVID response bonds….
SGX proposes new enforcement framework, wants issuers to have whistleblowing policy
SINGAPORE: Singapore Exchange Regulation (SGX RegCo) is consulting the market on changes to the Listing Rules governing enforcement actions for greater and swifter accountability, and clarity, in the securities market. “We are also proposing that all issuers have in place a whistleblowing policy,” a news release said. The investing public can only continue to have…
Axxis Geo Solutions appoints Ronny Bøhn as new CEO
LYSAKER: The board of directors of Axxis Geo Solutions announced the appointment of Ronny Bøhn as CEO of Axxis Geo Solutions with effect 10 August 2020. Mr. Bøhn has more than 20 years of experience from the seismic industry and has held management positions as vice president of marine operations at CGG and as COO…
TGS offers to acquire PGS MultiClient Data Library for $600 million
OSLO: The Board of PGS ASA confirmed that it has received a conditional and non-binding offer from TGS-NOPEC Geophysical Company to acquire the MultiClient data library of PGS for a cash consideration of $600 million. The offer also includes proposals for the provision of acquisition services by PGS to TGS and the opportunity for TGS…