HELSINKI: Konecranes has appointed Marko Tulokas as its new president and CEO, effective June 1, the company announced Thursday. Tulokas, 52, will succeed Anders Svensson, who will leave the company on July 19. Until his departure, Svensson will serve as an…
Lenovo has officially announced its latest AI mini supercomputer, the ThinkStation PGX, designed to provide developers with a powerful AI workstation right out of the box. Dubbed “a compact, personal AI developer workstation” by Lenovo, the PGX is powered by Nvidia’s GB10…
SAN DIEGO: Qualcomm has confirmed its reentry into the data center CPU market, partnering with Saudi Arabia’s state-backed AI cloud infrastructure project through a new collaboration with HUMAIN AI. In a press release, Qualcomm announced that it had signed a memorandum of understanding…
NEW YORK: Dick’s Sporting Goods has agreed to buy smaller rival Foot Locker for $2.4 billion in a deal that sent Foot Locker shares soaring while dragging down Dick’s stock, the companies announced Thursday. Foot Locker’s stock surged 75% to $22.50 in premarket trading…
Smartphones Take the Lead in Online Shopping The way consumers shop online is undergoing a massive shift—smartphones are now the undisputed king of e-commerce. According to ConsumerX data, mobile devices have surged ahead as the single most-used platform for online shopping…
ISLAMABAD: Pakistan’s oil and gas sector is poised for growth as the government accelerates exploration efforts, improves liquidity, and addresses long-standing challenges in the energy sector, according to a report issued by AKD Securities. Recent developments, including the allocation of new…
LONDON: B&M European Value Retail S.A, the UK’s leading variety goods retailer, announced the appointment of Tjeerd Jegen as Chief Executive Officer. Tjeerd will take over from Mike Schmidt, currently interim Chief Executive Officer on 16th June 2025. Tjeerd brings broad international retail experience…
HANGZHOU: Alibaba Group Holding Ltd. (NYSE: BABA) announced strong financial results for the quarter and fiscal year ended March 31, 2025, with revenue growth fueled by its artificial intelligence and cloud businesses. The Chinese e-commerce and tech giant reported a 7% year-over-year…
PERTH: Peet Limited (ASX:PPC) announced Thursday that Managing Director and CEO Brendan Gore will step down on July 1 after 20 years at the helm. Gore, who led the residential land development company through key acquisitions and market expansions, said…
LONDON: Ondine Biomedical Inc. (LON: OBI), a leader in light-activated antimicrobial therapies, announced significant milestones in its 2024 annual report, positioning the company for accelerated growth in 2025 and beyond. Key achievements include robust commercial expansion, strategic partnerships and the…
HOUSTON: Archer Limited, a leading provider of drilling and well services, reported strong financial results for the first quarter of 2025 and confirmed its inaugural quarterly cash distribution to shareholders. The company announced revenue of $342.5 million, an 11% year-over-year…
MELBOURNE: Sigma Healthcare Limited (ASX: SIG) is entering a new era of expansion and profitability following its merger with CW Group Holdings Limited, the parent company of Chemist Warehouse. The deal, finalized on Feb. 12, positions the newly combined entity…