Apple Music Voice Plan, which was the most affordable way to access Apple Music, is being discontinued. Apple announced that the $4.99 per month plan, which was launched in 2021 and allowed users to listen to any song from the Apple Music catalog using Siri, will no longer be available. This means that the lowest-priced…
Microsoft Unleashes Windows 11’s 2023 Update with Exciting New Features
Just days after unveiling the Moment 4 Update for Windows 11, packed with a plethora of enhancements for Windows 11 version 22H2, Microsoft has rolled out the highly anticipated Windows 11 2023 Update (also known as Windows 11 version 23H2). What makes this update particularly special is that it shares the same code base and…
Schneider Electric finalizes acquisition of EcoAct
PARIS, FRANCE: Schneider Electric, a global leader in energy management and automation, has successfully concluded its acquisition of EcoAct SAS, a prominent international climate consulting and net zero solutions provider headquartered in Paris. The acquisition marks the culmination of discussions that began on July 3, 2023, when Schneider Electric entered into exclusive negotiations with Atos…
US Fed holds interest rates at 22-year high, Hints at further hikes to tackle inflation
NEW YORK: The US Federal Reserve has opted to maintain its interest rates within a range of 5.25% to 5.5%, marking the second pause following a series of aggressive hikes since early 2022. The decision raises questions about the Fed’s next move, as rising borrowing costs strain households and businesses in the world’s largest economy….
Bank of England’s Thursday Forecast: No Change in Interest Rates Amid Recession Concerns
LONDON: As the UK economy faces multiple challenges, all eyes are on the Bank of England this Thursday as it’s expected to maintain its 5.25% interest rate. With economic indicators signaling weakness and the looming possibility of a recession, the central bank’s past forecast downgrades and concerns from economic agents about subdued activity will weigh…
Suncorp Bank appoints Bruce Rush as new CEO amid sale to ANZ
SYDNEY, AUSTRALIA: Suncorp Group has named Bruce Rush as the new CEO of Suncorp Bank, effective from 4 December 2023, subject to regulatory approvals. Mr Rush has been with Suncorp since 2010 and has held various senior roles, including Acting CEO and Executive General Manager Home Lending. He has been instrumental in improving the Bank’s…
Bark Social acquires dog-friendly bar Barkhaus in Virginia
Bark Social, a social club for dogs and dog lovers, has bought Barkhaus, a dog-friendly bar in Alexandria, Va. The new owners will keep the bar open for dogs and humans, but will also add new features such as trained staff, social events, liquor, and a boutique. Barkhaus was founded in 2020 by Alex Benbassat…
SiTime Corporation acquires Aura Semiconductor to expand clock product portfolio
SiTime Corporation (NASDAQ: SITM), a precision timing company, has announced that it has entered into an exclusive agreement to acquire Aura Semiconductor’s clock products and license all of its clock IP. This is an all-cash transaction valued at $148 million, plus earnouts capped at $120 million. The transaction is expected to close by the end…
Boston Omaha’s InfoWest buys SunRiver Fiber Network in Utah
InfoWest, a subsidiary of Boston Omaha Corporation, has acquired the SunRiver Fiber Network and its internet and VoIP customers from Cable Systems of Nevada. The deal adds about 2,700 fiber passings and 1,000 active fiber customers to InfoWest’s existing fiber network in St. George, Utah. InfoWest’s Co-Founders, Randy Cosby and Kelly Nyberg, said that the…
Inari Medical to acquire LimFlow for up to $415 million
Inari Medical, a company that develops devices for venous and other diseases, has agreed to buy LimFlow, a company that offers a minimally-invasive solution for patients with severe peripheral artery disease who face leg amputation. The deal is worth up to $415 million and is expected to close by the end of 2023. LimFlow’s technology,…
Evertec acquires Brazilian software firm Sinqia
Evertec, a Puerto Rican company that provides technology solutions for the financial sector, has completed the acquisition of Sinqia, a Brazilian software provider for the same industry. Evertec’s CEO, Mac Schuessler, said that the deal will allow the company to expand its products and services in Latin America and become the region’s leading fintech. Evertec…
eCargo to distribute Nestlé’s coffee and dairy products in China
SYDNEY: eCargo Holdings Limited (ECG), a supply chain solutions provider for the Asia market, has announced a partnership with Nestlé, the world’s largest food and beverage company, to sell its coffee and dairy products in China through cross-border channels. eCargo will provide Nestlé with supply chain, distribution, eCommerce and digital marketing solutions for its coffee…