Fabian Gompf is appointed as the new CEO of Web3 Foundation, the organization behind the Polkadot blockchain protocol. He has a strong background in web3 and Polkadot, and will lead the Foundation’s efforts to support the Polkadot ecosystem. He replaces Bertrand Perez, who will become an advisor after two years of effective leadership. The announcement…
Walmart Canada partners with Hilton Foods to source protein products
Walmart Canada has announced a long-term supply agreement with Hilton Foods, the leading international multi-protein food business, to provide a range of protein products to its Supercentres across the country. Hilton Foods will open a new manufacturing facility in Eastern Canada, which will be its first in North America, to supply Walmart with beef, lamb,…
CoTec and Maginito to launch rare earth magnet recycling joint venture in US
CoTec Holdings Corp. and Mkango Resources Ltd. have announced a 50:50 joint venture to roll out HyProMag’s rare earth magnet recycling technology in the US. HyProMag is a subsidiary of Maginito, which is owned by Mkango and CoTec. The joint venture, HyProMag US, will use HyProMag’s Hydrogen Processing of Magnet Scrap (HPMS) technology to recover…
Chadwicks enters agreement to acquire Rooneys Homevalue Limited
LONDON, UK: Grafton Group plc, the building materials distributor and DIY retailer with operations in Ireland, the UK, the Netherlands and Finland, announced that Chadwicks has entered into an agreement to acquire Rooneys Homevalue Limited (Rooneys), a distributor of building materials and DIY products from a single location in Kells, County Meath. Completion of this…
Denodo secures $336M from TPG Growth to expand data management software
Denodo, a Palo Alto-based company that provides data virtualization software, announced that it has raised $336 million in Series B preferred equity investment from TPG Growth, a global alternative asset manager. The deal also involves a secondary sale of shares by HGGC, a previous investor in Denodo’s Series A round in 2017, which will remain…
Port raises $18M in Series A to grow its open internal developer portal
A Series A funding round of $18 million has been secured by Port, an open internal developer portal based in Tel Aviv, Israel. This brings the total amount of money raised by the company to $23 million. The round was led by Team8, a global venture group that creates and invests in companies in various…
EY launches AI platform to boost its consulting products
EY, one of the world’s leading consulting firms, announced on Wednesday that it has invested $1.4 billion in artificial intelligence (AI) and launched a new platform called EY.ai, which offers AI-powered versions of its consulting products to businesses. The platform includes AI-embedded products such as EY Fabric, a data management product that is used by…
Citigroup to cut jobs and streamline management under new CEO
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…