ISLAMABAD: Cosmetic procedures once used to be exclusive to Hollywood. Actresses used to get their facial features enhanced by a plastic surgeon. Plastic surgery and cosmetic procedures were once the open secret of Beverly Hills and there were many negative connotations attached to the act of going to a doctor to look beautiful. Times have…
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Papillon Holdings signs deal with Mayflower Capital to acquire African gold assets
LONDON: Papillon Holdings plc has signed a binding Heads of Agreement with Mayflower Capital Investments Pty Limited to acquire certain contractual production and exploration rights held by Mayflower in two gold assets located in Kenya and Congo Brazzaville. The acquisitions are expected to provide Papillon Holdings with near term gold production and considerable value upside…
Ofgem fines SSE for breach of legal requirements on publication of inside information
LONDON: Britain’s independent energy regulator, Ofgem has fined SSE £2.06 million for failing to publish inside information about the wholesale energy market, a news release said. The £2.06m fine, the first relating to the publication of inside information in energy markets in GB and the EU, sends a strong message to SSE, and other wholesale…
Facebook introduces product in Pakistan to limit spread of misinformation
NEW YORK: As partof Facebook’s three-pronged approach to prevent the spread of misinformation: ‘Remove, Reduce, Inform’, the social media conglomerate corporation has launched a new product in Pakistan to help limit the spread of misinformation. It provides people using the platform with additional context before they share images that are more than a year old…
Nostra Terra acquires producing oil and gas assets
LONDON: Nostra Terra Oil & Gas Company has announced the acquisition of a 100% working interest in the Caballos Creek Oil Field, a producing oil field with additional development opportunity in Atascosa County Texas. The primary assets are shallow, vertical oil wells producing 30 bopd gross (22 bopd net of royalties) with further development potential….
Architect Equity acquires Aerospace Composites Division of AAR; renames to Aeromatrix Composites
LOS ANGELES: Architect Equity has acquired the Aerospace Composites Division of AAR Corporation, a news release said. The division is now doing business as Aeromatrix Composites but will continue to be based in Clearwater, Florida. Aeromatrix designs, fabricates and assembles composite products and solutions for customers in the commercial aerospace and defense industries. Dionisio Lucchesi,…
NAB agrees to sell MLC Wealth to IOOF for $1.44 billion
SYDNEY: National Australia Bank (NAB) has today entered into a Sale and Purchase Agreement to sell 100% of MLC Wealth (MLC) to IOOF Holdings Ltd. for a purchase price of $1.44 billion. The agreement follows the strategic decision announced by NAB in 2018 to pursue an exit of MLC and is in line with NAB’s…
Emirates and Clark International Airport celebrate landmark one-off A380 service
DUBAI: The iconic Emirates A380 made a one-off service to Clark International Airport Friday, becoming the first commercial flight, utilizing the iconic aircraft, to operate to the Luzon-based airport. The special A380 service from Dubai to Clark and operating as EK2520, took off from Dubai International Airport at 02:40 and landed in Clark at 15:23…
Tesserent Limited signs agreement to acquire Ludus Cybersecurity
MELBOURNE: Tesserent Limited (TNT) announced the strategic acquisition of Ludus Cybersecurity with the signing of a Share Purchase Agreement executed between both parties. Ludus, headed up by industry-renowned cybersecurity expert, George Stewart, will be absorbed by Tesserent’s Canberra-based North Security to further enhance TNT’S strong Government offering, backed by the Federal Government’s recently announced $1.67B…
Tata Communications and Blackbird to launch cloud-based video editing services
LONDON: The developer and seller of the market-leading cloud video editing platform, Blackbird Plc has partnered with Tata Communications, to launch its cloud-based video editing services for live video to the media & sports industry. Tata Communications is a digital ecosystem enabler that powers today’s fast-growing digital economy. The company is leading the technology disruption…
HSBC ETFs plc launches a new multi-currency sub-fund
LONDON: The Board of Directors of HSBC ETFs plc announced the launch of a new nulti-currency (USD/GBP) sub fund: HSBC EMERGING MARKET SUSTAINABLE EQUITY UCITS ETF. The investment objective of HSBC Emerging Market Sustainable Equity UCITS ETF is to replicate the performance of the FTSE Emerging ESG Low Carbon Select Index, while minimising as far…
Data analytics consultancy Brightblue to merge with MightyHive
LONDON: S4Capital plc announced that Brightblue Consulting, an award-winning UK-based data analytics and measurement consultancy, will merge with MightyHive, S4Capital’s data and digital media practice. The merger builds upon MightyHive’s recently launched data practice, adding deep probabilistic attribution expertise to its experienced and rapidly-growing team. According to MicroStrategy’s “2020 Global State of Enterprise Analytics,” 65%…