Tesla, the electric vehicle (EV) pioneer, is gearing up to introduce a new mass market EV codenamed “Redwood” in mid-2025, Reuters reported. The new model is expected to be a compact crossover, one of the most popular segments in the global car market. Tesla’s CEO Elon Musk has been teasing fans and investors with the…
UBS announces leadership changes in Asset Management and Sustainability
UBS (NYSE:UBS) has announced that Suni Harford, President Asset Management and GEB Lead for Sustainability and Impact, will retire from the firm on 1 March 2024. She will be succeeded by Aleksandar Ivanovic and Beatriz Martin Jimenez, respectively. Aleksandar Ivanovic, currently Head of Client Coverage and Head of the EMEA and Switzerland regions for Asset…
BenevolentAI appoints Dr. Joerg Moeller as new CEO
BenevolentAI, a leading AI-powered biopharma company, announced today that Dr. Joerg Moeller, a veteran in the pharmaceutical industry, has joined the company as its new CEO and Executive Board member. Dr. Joerg Moeller has over 20 years of experience in leading global R&D organisations and driving innovation and value creation. He has also been involved…
Prospa Group acquires Zip Business loan portfolio for $15.6m
SYDNEY: Prospa Group Limited, a leading online lender to small businesses in Australia and New Zealand, has announced the acquisition of the Zip Business loan portfolio for approximately $15.6 million. The deal, which will be funded using Prospa’s existing warehouse funding arrangements, will be settled this week. The Zip Business loan portfolio consists of about…
Bitcoin Mining and Investing: Risks and Opportunities in Different Scenarios
Bitcoin is a decentralized digital currency that operates on a peer-to-peer network of computers, called nodes, that validate transactions and secure the network. Bitcoin mining is the process of using specialized hardware and software to solve complex mathematical problems, called hashes, that verify new blocks of transactions and add them to the blockchain, the public…
Unigel Group to acquire full control of UK subsidiary for £1.3 million
LONDON, UK: Unigel Group plc, a leading producer of fibre optic cable materials, has agreed to buy the remaining 40% stake in its subsidiary Unigel (UK) Limited from Unigel Compounds Sdn Bhd for £1.3 million. The deal will give Unigel Group full ownership of Unigel (UK), which had revenue of £15.2 million and profit of…
Kardex and Addverb join forces to offer cloud-based warehouse management solutions
Kardex, a leading provider of compact storage systems, has announced a strategic partnership with Addverb, an India-based company for warehouse automation. The partnership aims to deliver integrated and efficient solutions that combine the best of both companies’ technologies. Addverb’s warehouse management system is based on a modern microservices architecture that can be operated completely via…
EVORA Global acquires Metry to boost data solutions for real assets
EVORA Global, a leading provider of tech-enabled sustainability solutions, has acquired Metry, Europe’s top platform for environmental data collection. The deal will enhance EVORA’s data automation and quality for its clients in the real estate and infrastructure investment industry, using direct connections to fiscal meters and hubs. EVORA Global will also leverage Metry’s data to…
Visit Group secures over €100 million investment from PSG Equity
Visit Group, a Nordic-based software company for hospitality and travel, announced today that it has received more than €100 million in strategic growth investment from PSG Equity, a leading growth equity firm. PSG Equity is acquiring a majority stake in Visit Group, which serves more than 2,200 customers in over 25 countries with its collaborative…
TotalEnergies buys Kyon Energy, a leading battery storage developer in Germany
PARIS, FRANCE: TotalEnergies, a French energy giant, has acquired Kyon Energy, a German company that specializes in battery storage systems, for €90 million plus some performance-based payments. Kyon Energy, founded in 2021, has developed 770 MW of battery projects, of which 120 MW are operational, 350 MW are under construction, and 300 MW are ready…
TravelPerk raises $104m to boost its business travel platform
TravelPerk, a SaaS platform that simplifies business travel, has secured an additional $104m in funding from SoftBank Vision Fund 2 and other investors. The company, which grew its revenue by over 70% and its gross profit by more than 90% in 2023, plans to use the funds to enhance its customer experience, launch new services,…
Sanofi to buy Inhibrx for $1.7 billion
PARIS, FRANCE: Sanofi, a global pharmaceutical company, has agreed to acquire Inhibrx, a clinical-stage biotech firm, for $30.0 per share in cash, or about $1.7 billion. The deal is subject to the spin-off of non-INBRX-101 assets into a new entity, New Inhibrx, which will be owned by Inhibrx’s shareholders and Sanofi. INBRX-101 is a novel…