LONDON, UK: Aviva plc announced the acquisition of AIG Life Limited (AIG Life UK) from Corebridge Financial, Inc., a quoted subsidiary of American International Group, Inc. (AIG), for consideration of £460m, a statement said. The transaction builds upon Aviva’s momentum in the protection market, where Aviva has delivered strong organic growth through an award winning…
Berry Bros. & Rudd and Atlantis Wine Holdings to take over Hambledon Vineyard
LONDON, UK: CVI U.K. Ltd, a newly incorporated entity owned directly by Berry Bros. & Rudd and Atlantis Wine Holdings, has agreed on the terms to acquire Hambledon Vineyard plc at the rate of 180 pence for each ordinary share and each ordinary B share. Accordingly, the offers value Hambledon’s existing issued and to be…
Kavango Resources expands its copper/silver project in Botswana
LONDON, UK: Kavango Resources plc (LSE:KAV), a metals exploration company focused on Southern Africa, has announced that it has agreed to acquire a 90% working interest in six Prospecting Licences (PLs) in Botswana’s Kalahari Copper Belt (KCB) from Global Exploration Technologies (Pty) Limited (GET), a subsidiary of ENRG Elements (ASX:ENRG). The PLs are located next…
Australian Mines appoints new CEO with battery metals expertise
SYDNEY, AUSTRALIA: Australian Mines Limited (AUZ), a company developing the Sconi Battery Mineral Project in Queensland, has announced the appointment of Andrew Luke Nesbitt as its new Chief Executive Officer (CEO), effective from 2 October 2023. Mr Nesbitt is a mining engineer and an MBA graduate with over 25 years of experience in the natural…
How Cloud and AI Technologies are Boosting Small Businesses in Healthcare, Education and Agriculture
Small and medium businesses (SMBs) are the backbone of the global economy, accounting for most of the jobs and economic output in many countries. However, they often face challenges such as limited resources, access to markets, and skills gaps that hinder their growth and innovation potential. Fortunately, cloud computing and artificial intelligence (AI) technologies are…
PlayStation Plus to lose 16 free games after October 17
PlayStation Plus subscribers will have to say goodbye to some of their favourite games as Sony has announced that 16 titles will no longer be available for free on the service after October 17. This is a big disappointment for gaming enthusiasts who enjoy playing these games without paying extra. Some of the popular games…
Rite Aid negotiating bankruptcy plan to close stores
Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include closing roughly 400 to 500 stores, according to a report in the Wall Street Journal on Friday. The company operates more than 2,330 drugstores in 17 U.S. states, although it is much smaller than rivals such as Walgreens Boots…
Microsoft to launch Windows 11 Moments update with AI helper Copilot
Microsoft announced that it will release the fourth Moments update for Windows 11 next week, which includes a preview version of Windows Copilot, an AI-powered assistant that can perform various tasks on the PC. Windows Copilot is the main feature of the update, and it will also be available in other Microsoft products and services,…
Ausenco to receive majority stake investment from Eldridge, Brightstar, and Claure Group
Eldridge, Brightstar Capital Partners (Brightstar), and Claure Group have entered into a definitive agreement to acquire a majority stake in Ausenco from Resource Capital Fund VI L.P. and other co-investors. Ausenco is a global integrated engineering and consulting services provider serving the minerals and metals industries and the energy transition sector. Zimi Meka, co-founder of…
KLDiscovery to acquire Cenza Technologies
KLDiscovery Inc. (KLD), a prominent global provider of electronic discovery, information governance, and data recovery services, has announced a definitive agreement to acquire the business of Cenza Technologies Private Limited (Cenza), an India-based alternative legal services provider (ALSP) specializing in Contract Lifecycle Management (CLM) and related solutions, document review, and Legal AI-driven services. Cenza, a…
Trimlite Equity, L.P. acquires Francis-Schulze Company
Trimlite Equity, L.P. (Trimlite), a portfolio company of Wynnchurch Capital, has recently completed the acquisition of Francis-Schulze Company (F-S), a renowned distributor of exterior door products and hardware. While specific financial details remain undisclosed, members of the Francis and Schulze families will continue as shareholders in Trimlite. Founded in 1957 and headquartered in Russia, Ohio,…
6 Technological Features That Can Help You When Running A Hostel
Running a hostel can be rewarding, offering travelers a budget-friendly and communal lodging option. However, in today’s digital age, staying competitive and providing an excellent guest experience requires more than just cozy beds and a friendly atmosphere. Technological advancements have revolutionized the hospitality industry, and hostels can benefit immensely from incorporating innovative features into their…