Citigroup CEO Jane Fraser has announced a major shake-up of the bank’s management that will result in more job cuts and a simpler structure. The heads of the bank’s five businesses will now report directly to Ms Fraser, who said the changes will “eliminate unnecessary complexity” and help meet the bank’s medium-term targets. The bank…
Apple faces EU backlash over iPhone 12 radiation levels
Apple’s latest model, the iPhone 12, has been banned in France for allegedly exceeding the European Union’s radiation exposure limits. The French radiation watchdog, ANFR, said on Tuesday that the phone’s Specific Absorption Rate (SAR) was 5.74 watts per kilogram, while the EU standard is 4.0 watts per kilogram. SAR measures the rate of radiofrequency…
What Does It Take To Become A Good Delivery Driver
The demand for delivery drivers has surged to unprecedented levels. Whether it’s delivering food, packages, or essential goods, delivery drivers play a vital role in ensuring the smooth flow of commerce. But what does it take to become a good delivery driver? It’s more than just driving a vehicle from point A to point B….
Vitol Investment Partnership reduces stake in Viva Energy by 16%
SYDNEY, AUSTRALIA: Vitol Investment Partnership, the largest shareholder of Viva Energy Group Limited, has sold 248.6 million ordinary shares in the Australian energy company, representing 16% of its issued share capital. The sale was done through a block trade agreement with two financial institutions, who underwrote the transaction. The sale increases the free float of…
German shoe maker Birkenstock files for U.S. IPO amid market recovery
German luxury shoe brand Birkenstock announced on Tuesday that it plans to go public in the United States. The company, which is known for its comfortable sandals, did not reveal how much money it expects to raise from the offering, but said that its sales increased by 19% to 644.17 million euros ($692.87 million) in…
Pental to sell consumer products business to Selleys for $60 million
SYDNEY, AUSTRALIA: Pental and its wholly owned subsidiary Pental Products entered into binding transaction agreements to sell the assets of the Pental Consumer Products business (excluding Duracell and Bondi Soap) and the Shepparton manufacturing facility to Selleys, a division of DuluxGroup (Australia) Pty Limited (Selleys) for a purchase price of $60 million. The Pental Board…
Equinox appoints new CEO with battery and iron ore expertise
SYDNEY, AUSTRALIA: Equinox Resources Limited (ASX: EQN) has announced the appointment of Mr. Zekai (Zac) Komur as its new Chief Executive Officer, effective immediately. Zac is a seasoned leader with over 23 years of experience in the resources sector, working for companies such as BHP, INPEX, Fortescue, and Northvolt. He has expertise in development, project…
Thirona raises €7.5 million for AI-based lung image analysis
Thirona, a Dutch company that specializes in advanced analysis of thoracic CT images with artificial intelligence (AI), has secured €7.5 million in funding to advance precision medicine and enhance patient care for lung diseases. The funding includes a €5 million investment from two venture capital firms, HERAN Partners and the Borski Fund, both of which…
Cleafy raises €10 million to fight online banking fraud
Cleafy, a Milan-based company that offers a proactive fraud prevention solution for the digital banking sector, has secured €10 million in a funding round led by United Ventures, a venture capital firm focused on software and digital technology. The investment was made through United Ventures’ UV T-Growth fund, which supports the growth of innovative tech…
Atrato Onsite Energy plc to acquire £77.3m rooftop solar portfolio in the UK
LONDON, UK: Atrato Onsite Energy plc (LSE: ROOF), a clean energy investment company, has agreed to buy a £77.3m portfolio of rooftop solar assets in the UK. The portfolio consists of 34MW of solar PV systems on residential rooftops, which receive payments from the government’s feed-in-tariff scheme. The portfolio is expected to generate 30GWh of…
Mark FitzPatrick appointed new CEO of St. James’s Place
LONDON, UK: St. James’s Place wealth management business announced the appointment of Mark FitzPatrick to the Board of Directors as Chief Executive Officer designate with effect from 1 October 2023. Mark’s appointment follows an extensive and robust selection process by the Group Nomination and Governance Committee, considering both internal and external candidates. Subject to regulatory…
PHP to acquire Ireland’s first Enhanced Community Care facility for €29.64 million
LONDON, UK: Primary Health Properties plc (LSE: PHP), one of the UK’s leading investors in modern primary healthcare facilities, announced that it has agreed to acquire Ireland’s first Enhanced Community Care (“ECC”) facility at Ballincollig, near Cork, Ireland, for a total consideration of €29.64 million. The property is fully let to the Health Service Executive…