If you’re a gamer like me, you know how frustrating it can be to find a gaming PC that suits your needs and budget. There are so many options out there, but none of them seem to fit the bill. You either end up with a PC that can’t run the games you want, or…
CMA probes Microsoft-OpenAI deal amid AI competition concerns
The U.K.’s Competition and Markets Authority (CMA) has sought public feedback on the partnership between Microsoft and OpenAI, a leading artificial intelligence (AI) research company. The Competition and Markets Authority (CMA) announced on Friday that it is looking into whether the two tech giants have created a merger situation that could harm AI innovation and…
Honeywell to buy Carrier’s security unit for $4.95 billion
Honeywell, a U.S. industrial giant, announced on Friday that it would acquire the security unit of Carrier, a leading air conditioner maker, for $4.95 billion in cash. The deal, which is the largest for Honeywell’s new CEO Vimal Kapur, will expand its building safety business and give it access to popular security brands such as…
Permira Funds agrees to acquire GGW Group, a European insurance brokerage platform
FRANKFURT, GERMANY: Permira, the global private equity firm, announced that a company backed by the Permira funds has agreed to acquire GGW Group. GGW Group is one of the leading European insurance brokerage platforms for small and medium-sized enterprises (Mittelstand) currently owned by Hg, a leading investor in European and transatlantic software and services businesses….
Tencent unveils Last Sentinel, its most ambitious console game yet
Tencent Holdings, the Chinese tech giant behind some of the world’s most popular mobile games, has revealed its latest project: Last Sentinel, a console game that aims to compete with the likes of Grand Theft Auto and Red Dead Redemption. Last Sentinel is an action role-playing game that takes place in a dystopian Japan, where…
ArcelorMittal sold Kazakh steel and mining operation to Qazaqstan Investment Corporation
AMSTERDAM: ArcelorMittal has completed the sale of ArcelorMittal Temirtau, its Kazakh steel and mining operation, to the Qazaqstan Investment Corporation (‘QIC’), a state-controlled direct investment fund. ArcelorMittal and the Government of Kazakhstan had been in discussion for some months to agree on a sustainable path forward for the integrated steelmaking asset, located in the Karaganda…
BSF and CellRev join forces to create a new Foodtech company for cultivated meat
LONDON: BSF, a biotech company that owns two tissue engineering companies, 3D Bio-Tissues and Kerato, has announced a joint venture with CellulaRevolution, a leader in continuous cell manufacturing, to form a new Foodtech company called Cultivated Meat Technologies (CMT). CMT aims to develop and offer an end-to-end solution for producing cultivated meat at scale, using…
Longboat Energy farms down two Norwegian licences and secures full carry of Lotus well
LONDON, UK: Longboat Energy, a Norway and Malaysia-based oil and gas company, has announced a deal with Concedo AS to reduce its stakes in two exploration licences on the Norwegian Continental Shelf. The deal will allow Longboat Energy to drill the Lotus prospect, which has a 54% chance of success and could contain up to…
Roche signs deal to acquire Schroders’s Carmot Therapeutics for upto $3.1 billion
LONDON, UK: Schroders Capital’s portfolio company Carmot Therapeutics Inc. has entered into a definitive agreement to be acquired by Roche, a global pharmaceutical company, at a purchase price of $2.7 billion upfront and the potential for $400 million in milestone payments, a bourse filing noted. The agreement is expected to close in the first quarter…
IG Group Holdings appoints Breon Corcoran as Chief Executive Officer
LONDON, UK: IG Group Holdings plc announced the appointment of Breon Corcoran as Chief Executive Officer. He will join the Group on 29 January 2024 and will be a member of the Board, subject to regulatory approval. Breon’s appointment concludes a comprehensive global search process undertaken by the Board. Charlie Rozes remains as Interim CEO…
Bureau Veritas announces new Executive Committee to boost growth and sustainability
PARIS, FRANCE: Bureau Veritas, a world leader in testing, inspection and certification (TIC) services, has announced the reshaping and strengthening of its Executive Committee, effective from January 1st, 2024. The new structure is designed to align the organization with its strategic imperatives and to seize key future growth opportunities. The Group has decided to split…
Avance Gas sells two newbuildings for $240 million, plans to return cash to shareholders
OSLO: Avance Gas Holding Ltd has announced the sale of its two remaining dual fuel newbuildings for $240 million, generating a profit of about $73 million and a cash release of $160 million. The buyer will take delivery of the ships from the yard in 2024. The ships are capable of loading and running on…