LONDON, UK: Molecular Energies PLC’s Green House Capital (GHC) has acquired a 70% stake in Quanto, a Paraguayan fintech company that has developed an app-based payment system. The company has also reported progress on its dual fuel project that aims to convert diesel engines to run on a mixture of diesel and hydrogen. Quanto is…
Glanbia CEO Siobhán Talbot to retire, Hugh McGuire to take over
Glanbia plc, a global nutrition group, has announced that its Group Managing Director Siobhán Talbot will retire from the company after ten years in the role. She will step down from her position and from the Glanbia Board on 31 December 2023 and will retire from the Group in January 2024. Talbot has been credited…
Concurrent Technologies to acquire Stryker for $3.375 mn
LONDON, UK: Concurrent Technologies, a UK-based company that specialises in high-end embedded computer solutions for critical applications, has announced that it has agreed to buy Phillips Machine & Welding Company, also known as Stryker, a US-based company that provides aerospace and military products and services, for $3.375 million (approximately £2.64 million). The deal will enhance…
Exchange rates for GBP against major currencies on August 16, 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 1.1639 Pounds to Euros GBP-USD 1.2704 Pounds to Dollars GBP-NZD 2.1298 Pounds to New Zealand Dollars GBP-AUD 1.9701 Pounds to Australian…
M&P to buy Assala Energy for $1.1 billion in Gabon expansion
M&P, a French oil and gas company, has signed a deal to acquire Assala Energy, a British firm that operates upstream and midstream assets in Gabon, for $1.1 billion, the company announced on Tuesday. The deal, which is subject to regulatory approvals, will boost M&P’s presence and production in Gabon, where it has been operating…
Apple to produce iPhone 15 in India soon after China launch
Apple Inc., the world’s most valuable technology company, is gearing up to produce its latest iPhone 15 model in India, shortly after it starts shipping from China, Bloomberg reported. The company has entrusted Foxconn Technology Group, its main manufacturing partner, to prepare a plant in Sriperumbudur, Tamil Nadu, to deliver the new devices to the…
Norway’s oil fund earns $143 billion in first half of 2023
Norway’s sovereign wealth fund, the world’s largest, reported a 10% return, or $143 billion, in the first half of 2023, recovering from one of its worst years ever. The fund, which manages Norway’s oil and gas revenues, benefited from a rally in technology stocks after a weak 2022. The fund invested almost 14% of its…
Intel abandons $5.4 billion deal to buy Tower Semiconductor
Intel Corp, the world’s largest chipmaker, has decided to drop its $5.4 billion deal to acquire Tower Semiconductor Ltd, an Israeli contract chipmaker, after failing to get regulatory approval from China, Reuters reported on Tuesday. Intel, which announced the deal to buy Tower in February 2022, did not receive clearance from Chinese regulators by the…
Occidental buys Carbon Engineering Ltd for $1.1 billion to boost green ambitions
Occidental Petroleum Corp, a U.S. oil and gas producer, announced on Tuesday that it has agreed to pay $1.1 billion for Carbon Engineering Ltd, a Canadian company that develops technology to capture carbon dioxide (CO2) from the air and store it underground or use it for making low-carbon products. The deal is part of Occidental’s…
Fletcher Building’s Australian chief to retire in 2024
SYDNEY, AUSTRALIA: Fletcher Building Ltd, a leading construction and building materials company in New Zealand and Australia, has announced that its Australian chief executive, Dean Fradgley, has decided to retire and will leave the business in early 2024. Fradgley has been with Fletcher Building for 10 years, serving as the chief executive of the New…
Tempest Minerals acquires Fraser Range gold project
Tempest Minerals Ltd (TEM) has announced the acquisition of a compelling new gold project in Western Australia. The Elephant Project is located on the edge of the Albany Fraser Belt, a region that hosts several world class gold deposits, such as Tropicana and Nova-Bollinger. The Elephant Project covers an area of 1,000 square kilometres and…
Casey’s General Stores to acquire 63 stores from EG America
Casey’s General Stores, Inc., one of the leading convenience store chains in the United States, has announced an agreement to acquire 63 convenience stores from EG America, LLC, a subsidiary of EG Group Ltd., another major convenience store operator in the country. The deal is expected to close later this year, subject to customary regulatory…