A new semiconductor fabrication plant worth $4 billion was launched in Singapore on Tuesday by GlobalFoundries, the U.S chipmaker that ranks third in the world in contract chipmaking. The new facility, which covers 23,000 square meters (248,000 square feet), will have a production capacity of 450,000 300 millimetre wafers a year when it reaches full…
Kunze-Concewitz to step down as Campari CEO in April, Fantacchiotti to take over
After 16 years of leading beverage maker Davide Campari-Milano NV, Chief Executive Officer Bob Kunze-Concewitz has announced his retirement, which will take effect in April next year. The company has appointed Matteo Fantacchiotti, the managing director for the Asia-Pacific region, as the deputy CEO starting from now. He will work closely with Kunze-Concewitz to ensure…
Toko and Virtuzone sign collaboration to launch Dubai’s first tokenised equity crowd funding platform
DUBAI, UAE: TOKO FZE a leading innovator in the FinTech sector, born out of global law firm DLA Piper, announces a transformative strategic partnership with Virtuzone, a pioneer in business solutions and corporate services for the region. The establishment of a tokenized equity crowd-funding platform will further cement Dubai’s standing at the forefront of financial…
Full Spectrum CBD Oil in Australia: A Simple Guide
The potential therapeutic benefits of CBD oil full spectrum has been recognised for decades, but it’s only now capturing the attention of a wider audience. As with any product, the variety of CBD oil on the market is vast, so making an informed decision is vital if you want to get the most out of…
Exclusive Networks signs deal to acquire Ingecom
PARIS, FRANCE: Exclusive Networks (Euronext Paris: EXN), a global leader in cybersecurity, has signed an agreement to acquire Ingecom, a Value Added Distributor (VAD) 100% specialized in cybersecurity and cyber intelligence solutions to accelerate Ignition Technology expansion in Southern Europe. Founded in 1996, Ingecom, a Spanish value-added distributor, specialized in cybersecurity and cyber intelligence solutions…
Smurfit Kappa and WestRock join forces to create global sustainable packaging leader
LONDON, UK: Smurfit Kappa and WestRock have announced the signing of a definitive transaction agreement to merge their operations and create a new entity, Smurfit WestRock. The combination of these two industry giants is poised to establish a global leader in sustainable packaging, with the transaction agreement marking a pivotal milestone in this strategic endeavor….
Jitty, an AI-powered property search engine, raises $2 million in pre-seed funding
Jitty, a London, UK-based startup that is building an AI-powered property search engine, has raised $2 million in pre-seed funding from a group of investors, including Gradient Ventures, Google’s AI fund. The company, founded by Graham Paterson, James Storer and Daniel Cooper, aims to show users everything about every home by reading floor plans and…
Savannah Resources welcomes new CEO and directors in strategic expansion
LONDON, UK: Savannah Resources plc, the European lithium development company, has announced pivotal changes within its leadership and board, signaling a significant phase of growth and development. These changes include the appointment of Mr. Emanuel Proença as the new Chief Executive Officer (CEO), and the addition of two Non-Executive Directors. This development was disclosed on…
UBL to set up exchange company and sell UK subsidiary
KARACHI, UK: United Bank Limited (UBL) has announced its plans to establish an exchange company with a paid-up capital of PKR 1.0 billion, subject to approval by the State Bank of Pakistan and other regulatory compliances. The exchange company will be a wholly owned subsidiary of UBL and will offer various services such as currency…
Zyp Technologies to revolutionize transportation with electric motorcycles amid soaring petrol prices in Pakistan
KARACHI: As Pakistan grapples with skyrocketing petrol prices, a glimmer of hope has emerged on the horizon with the announcement of a groundbreaking initiative by a new start-up company. Zyp Technologies, the innovative firm in question, has unveiled ambitious plans to manufacture 8,000 electric motorcycles right within the country, offering a sustainable alternative to traditional…
Reabold boosts stake in LNEnergy and Colle Santo gas field
LONDON, UK: Reabold Resources plc, an oil & gas investing company, has increased its stake in LNEnergy Limited by 1.6% to 17.6%, with a cash investment of £250,000. LNEnergy holds an exclusive option over a 90% interest in the Colle Santo gas field, a large gas resource in Italy with two production wells ready and…
Alpha Group to acquire 85% of Financial Transaction Services B.V. trading as Cobase
LONDON, UK: Alpha Group International plc has entered into a conditional agreement, pending approval by the Dutch Central Bank, to acquire circa 85% of Financial Transaction Services B.V., trading as “Cobase”, a leading multibank connectivity platform. The initial consideration for the acquisition is €9.4m (£8.0m) in cash, with the remaining stake to be acquired via…