SIMONSTONE: Sundown Solutions, a Lancashire-based technology consultancy, has been acquired by Bracknell-headquartered Ancoris to create a new tech business named Telana, the companies announced Tuesday. The financial terms of the deal were not disclosed. Telana, derived from a term meaning “where treasures are kept,” aims to serve as a market-leading, end-to-end innovation provider, leveraging expertise…
EnSilica partners with European satellite operator for custom satellite chip development
EnSilica plc (AIM: ENSI), a leader in mixed-signal application-specific integrated circuits (ASICs), announced the signing of a binding Memorandum of Understanding (MoU) with a major European satellite operator. The agreement includes a contract for a feasibility study to develop a high-value satellite payload ASIC. The feasibility study is set to begin this month, contributing non-recurring…
Barlow Travel Group, Helloworld Travel ,to acquire , in New Zealand,
WELLINGTON: Helloworld Travel Limited (ASX: HLO) announced Thursday it has agreed to acquire 100% of Wellington-based Barlow Travel Group (BTG), a corporate travel business that employs 30 staff, primarily at its Wellington headquarters. Founded in 2011 by Peter Barlow, Barlow Travel Group operates as BCD Travel in New Zealand under license from Netherlands-based BCD Travel,…
What is trade war: causes, consequences, and key players
But what is a trade war? At its core, it’s an economic battle where countries impose tariffs or trade barriers against each other, leading to cycles of retaliation. From higher consumer prices to disrupted supply chains, these conflicts reshape industries, strain diplomatic relations, and even alter the course of global markets. On April 9, 2025,…
Asian Development Bank forecasts moderate growth for Asia Pacific amid trade war
MANILA: The Asian Development Bank (ADB) projected growth in Asia Pacific to moderate to 4.9% in 2025 and 4.7% in 2026, citing rising trade barriers and a slowdown in China’s property sector. The forecasts, finalized before new U.S. tariffs were announced on April 2, highlight the region’s resilience despite global headwinds. In its Asian Development…
BYD brings luxury Denza EVs to Europe as trade disputes loom
Stocks reverse losses after president temporarily eases trade war measures MILAN: Chinese electric vehicle giant BYD is expanding its presence in Europe with the launch of its premium Denza brand, despite escalating trade tensions between China and the European Union. The automaker announced Wednesday at Brera Design Week in Milan that its first European Denza…
Markets Rally as Trump Announces Tariff Relief; Dow Soars 2,476 Points
Stocks reverse losses after president temporarily eases trade war measures U.S. stocks staged a dramatic rebound Wednesday after President Trump announced a temporary easing of trade tariffs, sparking the biggest single-day rally in months. The Dow Jones Industrial Average rocketed up 2,476 points (6.6%) to 39,683 by mid-afternoon, while the S&P 500 surged 7.8% and…
Cal-Maine Foods to acquire Echo Lake Foods for $258 million
JACKSON: Cal-Maine Foods, a leading U.S. egg producer, announced it has reached a deal to acquire Echo Lake Foods, a Wisconsin-based breakfast foods manufacturer, for approximately $258 million. The acquisition will be funded using Cal-Maine’s existing cash reserves. In a statement released alongside its third-quarter earnings, Cal-Maine said it had signed a “definitive agreement” to…
Tessell secures $60 million to revolutionize database services
SAN RAMON: Tessell, a multi-cloud database-as-a-service startup, has raised $60 million in a Series B funding round led by WestBridge Capital. The new funding will support the company’s expansion efforts and the launch of its AI-powered conversational database management service. Founded four years ago, Tessell aims to address challenges faced by businesses as they manage…
US mortgage applications surge 20%, breaking a three-week decline
BOSTON: In a striking turnaround for the US housing market, mortgage applications surged 20% in the week ending April 4, according to the latest data from the Mortgage Bankers Association of America (MBA). This notable rebound follows three consecutive weeks of declines, offering a glimmer of hope for both prospective homeowners and the broader housing…
Arla Foods, DMK Group announce plans for major dairy merger
VIBY J: Arla Foods and DMK Group have unveiled plans to merge, forming Europe’s largest dairy cooperative with more than 12,000 farmers and a projected annual revenue of €19 billion. The proposed merger, announced by the companies on Tuesday, aims to strengthen the dairy industry by leveraging shared values and complementary strengths. Arla Foods said…
Assura Plc Board recommends KKR and Stonepeak offer as fair
LONDON: Kohlberg Kravis Roberts & Co (KKR) has reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Assura Plc for 49.4 pence in cash per share. The Assura Directors, who have been so advised by Lazard as to the financial terms of…