In today’s rapidly evolving digital landscape, technology is reshaping every aspect of our lives, including the way we work and get paid. One of the most notable developments in this regard is the transition from traditional paper paystubs to tech-enabled digital paystubs. This transformation not only streamlines payroll processes for employers but also empowers employees…
Lumi Shares Soar 30% on Debut on Riyadh Stock Exchange
Shares of Saudi Arabian auto rental firm Lumi soared as much as 30% on Monday at the company’s debut on the Riyadh stock exchange in a 1.09 billion riyal ($290 million) initial public offering (IPO). A unit of Saudi travel company Seera, Lumi listed 30% of its shares on the Saudi Tadawul exchange at an…
Amazon to invest $4 billion in AI startup Anthropic and partner on generative AI
Amazon, the e-commerce giant, announced on Monday that it will invest up to $4 billion in Anthropic, an artificial intelligence startup that specializes in generative AI. Amazon will also take a minority stake in the company and collaborate with it on advancing generative AI technology. Generative AI is a branch of AI that can create…
Subsea Integration Alliance forms framework agreement with bp for integrated subsea developments
LUXEMBOURG: Subsea 7 S.A. announced that the Subsea Integration Alliance has signed a memorandum of understanding (MoU) aimed at forming a framework agreement with bp for integrated subsea developments. Under the framework agreement, Subsea Integration Alliance would work with bp from concept selection, through the full field life cycle, to deliver enhanced subsea project performance,…
GCON announces merger of its investment in Rural Broadband with Voneus Broadband
LONDON, UK: Global Connectivity plc (AQSE: GCON), a company focused on communication services and technologies that enhance connectivity, has announced a significant development in its investment in Rural Broadband Solutions Holdings Limited (“RBSHL”), a company that provides broadband services to rural communities in the UK. RBSHL, which is majority owned by Tiger Infrastructure Partners, a…
Visma reinforces position in Europe with acquisition of Silverfin
LONDON, UK: Visma, Europe’s leading provider of mission-critical cloud software, has agreed to acquire Silverfin, a leading cloud platform for accountants. The terms of the transaction have not been disclosed and completion is subject to closing conditions. HgCapital Trust plc (HGT), whose shares are listed on the London Stock Exchange, gives private and institutional investors…
FOS Capital acquires KLIK Systems to boost linear lighting business
SYDNEY, AUSTRALIA: FOS Capital Ltd (ASXFOS), a leading Australian lighting manufacturer, has announced that it will acquire KLIK Systems, a Sydney based linear lighting specialist, for $3 million. The deal is expected to be completed within two weeks and will be funded with existing cash and debt facilities. KLIK Systems has over 40 years of…
Austco Healthcare acquires Teknocorp to expand its market presence and product portfolio
SYDNEY, AUSTRALIA: Austco Healthcare Limited (AHC:ASX), a leading provider of healthcare communication and clinical workflow management solutions, has announced the successful purchase of the business and assets of Teknocorp Australia Pty Ltd and its related business Victorian Monitoring Services, a security and healthcare solutions provider and a certified Austco Nurse Call reseller for over 20…
Australian Vanadium and Technology Metals Australia agree to merge
SYDNEY, AUSTRALIA: Australian Vanadium Limited (AVL) and Technology Metals Australia Limited (TMT) have announced that they have agreed to merge their respective vanadium projects in Western Australia via a scheme of arrangement. The merger will create the leading Australian vanadium developer and will enable the combined group to realise the full value of the Gabanintha…
GPT Group names Russell Proutt as new CEO
SYDNEY, AUSTRALIA: The GPT Group (ASX: GPT), a leading Australian property company, has announced the appointment of Russell Proutt as its new Chief Executive Officer and Managing Director (CEO). Mr Proutt will replace Bob Johnston, who will step down after leading the Group for over six years. Mr Proutt has over 30 years of global…
Strandline appoints new MD as Coburn ramps up
SYDNEY, AUSTRALIA: Strandline Resources Limited (ASX: STA), a mineral sands producer, has announced that Jozsef Patarica has been appointed as its new Managing Director. Mr Patarica, who joined Strandline as Chief Executive Officer in July 2023, replaces Luke Graham, who resigned after leading the company through the exploration, development and construction phase of its growth…
Christopher Raggett appointed CEO of Molecular Energies
LONDON, UK: Molecular Energies (AIM: MEN) announced the appointment of Christopher Raggett as Chief Executive Officer of Green House Capital Group PLC (“GHC”), a 75% subsidiary of Molecular, which it intends to spin out by way of an initial public offering on the AIM Market of the London Stock Exchange in Q4 this year. Christopher,…