LONDON, UK: Origin Energy Power Limited (Origin) has announced a strategic partnership with Allegro Energy Pty Ltd, a company that has developed a revolutionary water-based energy storage technology. Origin has taken a 5% equity stake in Allegro Energy for $4 million and has the option to increase its investment as the company progresses towards building…
Apple hikes iCloud+ prices in several countries
Apple has raised the prices of its iCloud+ monthly subscription in several countries around the world, including the UK, Brazil, South Africa and Colombia. The price hike ranges from 25% to 30% for different plans and regions. iCloud+ is a paid service that offers extra cloud storage and security features to iCloud users. It has…
Circor International accepts KKR’s revised buyout offer of $1.7 billion
Industrial machinery manufacturer Circor International has announced its acceptance of investment firm KKR’s revised buyout offer worth $1.7 billion, including debt. This decision comes in response to a higher bid from an undisclosed third party. Following the news, shares of Circor reached a more than five-year high of $51.87 during early trading, slightly above KKR’s…
Brookfield proposes acquisition of American Equity Investment Life
Brookfield has announced its proposal to acquire all outstanding shares of common stock of American Equity Investment Life Holding Company (AEL) not already owned by Brookfield Reinsurance. The offer includes a cash consideration of $38.85 per AEL share and a number of Brookfield Asset Management Ltd. (BAM) class A limited voting shares, valued at $16.15…
Thames Water CEO Sarah Bentley resigns
LONDON, UK: Sarah Bentley has resigned as the Chief Executive of Thames Water, the UK’s largest water and wastewater services company. She will be replaced by two interim CEOs, Alastair Cochran and Cathryn Ross, effective immediately. Bentley joined Thames Water in 2020 and led the first phase of the turnaround of the company, which has…
Dexory Raises £15mn to expand warehouse robotics solution in the US and Europe
London-based warehouse robotics firm Dexory has secured £15 million in Series A funding, led by European VC firm Atomico, to facilitate its expansion in the United States and key markets in Central and Northern Europe. Dexory combines analytics with autonomous robots capable of capturing comprehensive image and sensor data from warehouses. Its digital platform, DexoryView,…
Meta launches VR subscription service amid metaverse push
Meta, the owner of Facebook and Instagram, has announced a new subscription service for its virtual reality (VR) headsets, as it aims to make its VR business profitable and build its vision of a “metaverse”. The service, called Meta Quest+, will cost $7.99 a month or $59.99 a year and will give users access to…
The Benefits of Coding: Should Children Receive Early Coding Training?
In today’s rapidly evolving digital landscape, coding skills have become increasingly valuable. The ability to understand and manipulate computer code has numerous benefits that extend beyond traditional programming careers. This blog explores the advantages of coding and discusses whether children should receive coding training at an early age. Benefits of Coding: Enhances Problem-Solving Skills: Coding…
Norwegian and Strawberry to establish joint company for loyalty programmes
OSLO, NORWAY: Norwegian Air Shuttle announced that it will enter into a partnership with Strawberry (former Nordic Choice Hotels), which offers a wide range of leading hotels, restaurants and spas, including over 225 hotels across the Nordics. The companies will develop a stand-alone entity that will provide added value to the members of the companies’…
Asta Sihvonen-Punkka appointed Fingrid’s President & CEO
LONDON, UK: Fingrid’s current Executive Vice President Asta Sihvonen-Punkka has been appointed as Fingrid’s President & CEO as of 1 January 2024. She joined the company in 2016. Sihvonen-Punkka will take over the reins at the turn of the year when the current President & CEO Jukka Ruusunen retires. Sihvonen-Punkka, Lic. Econ., M.For, is a…
Australians spent over $4 billion on video games in 2022
The Australian video game industry reached a new record of $4.12 billion in consumer spending in 2022, according to new data from the Interactive Games and Entertainment Association (IGEA). The data, based on research by Sparkers and Newzoo, showed that Australians spent more on digital purchases, video game subscriptions and retail hardware and software than…
Biden administration announces $1.35 billion for high-speed broadband in Louisiana
The Biden administration has announced a plan to connect every person in America to high-speed internet by 2029, with $1.35 billion allocated for Louisiana. The money will be used to build fiber optic lines in rural areas, such as Sunset, where Vice President Kamala Harris visited in March and met with residents who lack reliable…