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…
Partners Group is selling Civica to Blackstone
LONDON, UK: Partners Group, investment manager of Princess Private Equity Holding, is selling Civica, a global provider of cloud software solutions for the public sector, to Blackstone. Headquartered in the UK, Civica provides cloud software solutions to over 6,000 organisations across seven countries that deliver critical services to citizens. Civica’s solutions are designed to help…
Syncona Ltd to acquire all shares of Freeline Therapeutics at the rate of $6.5/share
LONDON, UK: Syncona Ltd’s newly established portfolio company has entered into an agreement with Freeline Therapeutics Holdings plc to acquire all of the shares of Freeline that Syncona does not currently own in an all-cash transaction. Syncona currently owns 49.7% of Freeline. Under the agreement, a newly established Syncona portfolio company will acquire Freeline for…
Pakistan’s auto assembling sector shines despite import woes
KARACHI: Pakistan’s auto assembling sector has been in the spotlight at the Pakistan Stock Exchange (PSX) outperforming the KSE 100 Index by 12% since Pak Suzuki (PSMC) announced its voluntary delisting on October 12, 2023. According to an analyst at Sherman Securities, this has created excitement among investors as this delisting will unlock fair valuation…
BrainChip appoints former HP AI head, Tony Lewis, as new CTO
BrainChip Holdings Ltd, a leader in edge AI on-chip processing and learning, has announced the hiring of M. Anthony (Tony) Lewis as its new Chief Technology Officer (CTO). Tony will replace Peter Van der Made, the co-founder and current CTO of BrainChip, who will retire at the end of the year. Tony has extensive experience…