PARIS, FRANCE: Co-op, a leading consumer co-operative, has signed a 15-year deal with Voltalia, a renewable energy company, to buy all the electricity from a 34-megawatt solar farm in North Yorkshire. The Eastgate Solar project, which will start operating in 2025, will supply up to 7.5 % of Co-op’s total electricity needs per year, powering…
IWS Fleet AS enters strategic cooperation with Havfram Wind
OSLO, NORWAY: IWS Fleet AS and Havfram Wind AS have agreed to cooperate on the technical management of two offshore wind turbine installation vessels (WTIVs) that can handle the largest turbines and foundations in the market. The WTIVs are expected to be delivered in 2025 and will operate in water depths of up to 70…
Armada Metals signs term sheet to acquire lithium exploration projects in Brazil
SYDNEY, AUSTRALIA: Armada Metals has signed term sheet to acquire lithium exploration projects in Brazil. Armada an Australian company focused on critical metals, will acquire 14 mineral rights in Brazil from Antares Minerais Estrategicos Ltda. The mineral rights cover an area of 16,750.28 hectares in Minas Gerais State, where lithium-bearing pegmatites have been observed. Armada…
Wilmington plc acquires Astutis Limited for up to £21.5 million
LONDON, UK: Wilmington plc has acquired Astutis Limited (“Astutis”) for a total consideration of up to £21.5 million. Wilmington is the provider of data, information, education and training services in the global Governance, Risk and Compliance (“GRC”) markets. Headquartered in Cardiff, Wales, Astutis has over 50 employees. It offers training for a range of globally…
Smartphone sales rebound in October after two-year slump
The global smartphone market has shown signs of recovery in October, registering a 5% year-on-year growth in retail sales volumes, according to a report by Counterpoint Research. The report attributed the growth to the strong performance of emerging markets, such as the Middle East, Africa, China and India, where consumer demand for new devices has…
Joachim Creus is appointed new CEO and Vice Chairman of the JAB Board
LUXEMBOURG: JAB, a global investment firm focused on consumer goods and services, has announced a leadership change. Joachim Creus, who has been with JAB since 2010 and has played a critical role in establishing and expanding its investment portfolio, has been appointed as the new CEO and Vice Chairman of the JAB Board. He will…
Durin Technologies appoints Dr. Mert Sahin as its new CEO
STRATFORD: Durin Technologies, a company that develops diagnostic tests for neurodegenerative diseases, has appointed Dr. Mert Sahin as its new CEO. Dr. Sahin has over 20 years of experience in the life sciences sector, and has held executive positions at GE Healthcare, Roche Diagnostics, Eurofins Genomics, Thermo Fisher Scientific and Dalan Animal Health. He also…
Procaps Group announces José Antonio Vieira as new CEO as founder steps down
MIAMI: Procaps Group, a leading LatAm healthcare and pharmaceutical conglomerate, has announced that José Antonio Vieira will take over as the new Chief Executive Officer of the company, effective January 15, 2024. He will replace Ruben Minski, the founder and current CEO of Procaps, who will transition to the role of Executive Chairman of the…
Serica Energy acquires 30% stake in Greater Buchan Area project
LONDON, UK: Serica Energy plc announced on Thursday that it has signed agreements to acquire 30% non-operated interests in the Greater Buchan Area (GBA) project from Jersey Oil & Gas (JOG). The GBA project is a proposed re-development of the Buchan field and other potential developments in the Outer Moray Firth, off the coast of…
What is the Importance of Software in Employment Management?
Employment management forms a crucial pillar in the successful operation of any organization, facilitating effective human resource planning, recruitment, performance management, and employee retention strategies. The advent and subsequent integration of software solutions in employment management have revolutionized these processes, bringing a new era of efficiency, accuracy, and strategic planning. These digital solutions, serving as…
Volt launches real-time payments platform in Australia
Volt, a UK-based fintech company that provides a global real-time payments platform, has announced its expansion into Australia, following a successful $60m funding round and entry into the South American market via Brazil earlier this year. The company, which was founded in 2019, has integrated its gateway with PayTo, an Australian digital payment platform that…
Tower reports loss due to weather events, sees growth and efficiency ahead
SYDNEY, AUSTRALIA: Tower Limited, a New Zealand-based insurance company, has announced its full year results for the year ending 30 September 2023. The company reported a loss of $1.2 million, compared to a profit of $18.9 million in the previous year, mainly due to the impact of catastrophic weather events that cost $55.6 million in…