Stellantis, the automotive conglomerate, has issued a warning regarding the possible relocation of production for the existing Ram 1500 pickup truck from a suburban Detroit factory to Mexico, as disclosed by a union representative on Sunday. Rich Boyer, Vice President of the United Auto Workers (UAW) and head of the Stellantis unit within the union,…
China set to achieve 9 million new energy vehicle sales in 2023
Industry experts anticipate that China will witness the sale of approximately 9 million new energy vehicles (NEVs) this year. Despite policy shifts impacting the sector’s stability, the NEV market’s robust growth remains certain and has emerged as a significant factor in stabilizing consumption trends. Chen Shihua, Deputy Secretary-General of the China Association of Automobile Manufacturers,…
CBI, and Chiliz Forge Partnership to Elevate Football Experience in AlphaVerse Metaverse
PARIS, FRANCE: CBI, a prominent French tech company heralding the upcoming virtual world “AlphaVerse,” has revealed a strategic alliance with blockchain provider Chiliz. The announcement showcases plans to integrate Football at AlphaVerse (FAV), an AI-infused 3D interactive football entertainment hub, onto the Chiliz Chain. This collaboration extends to enhancing experiences for Socios.com Fan Token holders…
TRIG sells three Irish wind farms for €25 million
LONDON, UK: London-based investment firm, TRIG, advised by InfraRed Capital Partners and Renewable Energy Systems (RES), has sealed a deal to divest three onshore wind farms in the Republic of Ireland. The sale, valued at around €25 million, represents a notable 26% premium over the wind farms’ assessed worth as of December 31, 2022. The…
Indivior Inc. to pay $30 million to settle antitrust MDL with End Payors
LONDON, UK: Indivior Inc. has reached an agreement to resolve the claims brought by the end payor class of litigants (the End Payor Claimants) in the In re Suboxone Antitrust Litigation multi-district litigation (MDL). The agreement marks the resolution of the End Payor Claimants’ claims against the Company in the MDL. The Agreement is subject…
Trident Royalties acquires stake in Mali gold project from B2Gold
LONDON, UK: Trident Royalties Plc, a diversified mining royalty company, has agreed to buy a 50% stake in a 2% net smelter royalty over the Dandoko Gold Project in Mali, owned by B2Gold Corporation Limited, a senior gold producer. The royalty covers an attractive exploration area, with potential for near-term production, near B2Gold’s Fekola Mill….
Smarttech247 announces a strategic partnership with Abnormal Security
LONDON, UK: Smarttech247, a provider of AI-enhanced cybersecurity services, has announced a strategic partnership with Abnormal Security, a behavioural AI-based email security platform. The partnership will combine cloud-based AI to stop email attacks, such as business email compromise, vendor fraud and phishing. The first contract win from this partnership is a €400k deal with a…
ldox plc acquires Emapsite, a GIS/Geospatial data provider, for £15.75 million
LONDON, UK: ldox plc (AIM: IDOX), a leading supplier of specialist information management software and solutions to the public and asset-intensive sectors, has acquired Emapsite.com Limited, a leading UK based geographic information systems (GIS/Geospatial) data provider. Idox will acquire Emapsite for a total cash consideration of up to £15.75m on a cash-free, debt-free basis. £14.75m…
LSL Property Services agrees to acquire TenetLime for £28.8 million
LONDON, UK: LSL Property Services plc has agreed to acquire the entire issued share capital of TenetLime Limited from Tenet Limited, a subsidiary of Tenet Group Limited, subject to FCA approval. TenetLime operates a network providing services to 231 mortgage and protection advisers, operating within 133 appointed representative firms. Its advisers arranged c.£3.9bn of mortgages…
Exchange rates for GBP against major currencies on August 21, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1704 Pounds to Euros GBP-USD 1.2737 Pounds to Dollars GBP-NZD 2.1541 Pounds to New Zealand Dollars GBP-AUD 1.9897 Pounds to Australian…
Why Zuckerberg’s Threads failed to pose a threat to Musk’s X
After reaching 30 million users during its first 24 hours of activity, Threads’ momentum has slowed down. According to a Time article, the number of daily active users (DAUs) on Threads has dropped by 80% since the platform’s peak. The Time report claims that Threads reached 50 million DAUs on Android devices shortly after its…
Leaked Marketing Images Unveil Exciting Insights about Lenovo’s Upcoming Gaming Handheld, the Legion Go
Recent leaks of marketing images have provided fresh details about Lenovo’s highly anticipated gaming handheld PC, the Legion Go. The images shed light on the device’s design and features, drawing comparisons to the Nintendo Switch OLED model and ASUS ROG Ally, while revealing some distinctive attributes of its own. Design and Features The leaked images…