BENGALURU, INDIA: India’s Infosys and Liberty Global have signed an initial five-year agreement worth 1.5 billion euros ($1.64 billion) to evolve and scale the communications firm’s digital entertainment and connectivity platforms, the companies said in a joint statement on Tuesday. Building on their existing multi-year collaboration which has successfully supported Liberty Global’s technology services platforms…
UNITH launches digital humans for public engagement and demonstration
SYDNEY, AUSTRALIA: UNITH, a company that develops digital human technology, has announced the launch of three digital humans that have been integrated into its website for public engagement and demonstration. The digital humans are AIKO, a UNITH spokesperson, LAIA, a Barcelona tour guide, and Julia, a HR employee. The digital humans are powered by GPT…
BP invests in start-up to cut green hydrogen costs with vapour technology
BP, the British energy giant, has invested in a start-up company that is developing a novel technology to produce zero-carbon hydrogen from water vapour emitted by heavy industry. The technology, called Symbion, uses heat from existing industrial operations to reduce the electricity consumption and costs of water electrolysis, the process of splitting water into hydrogen…
Tesla launches cheaper versions of Model S and X with shorter ranges
Tesla, the electric vehicle maker, has launched two cheaper versions of its Model S sedan and Model X SUV in the U.S. with shorter driving ranges, according to its website on Monday. The move is part of the company’s strategy to lower costs and boost sales growth amid competition and economic uncertainty. The new S…
Argeo granted a patent on a high energy electromagnetic system
OSLO, NORWAY: Argeo Robotics AS, a fully owned subsidiary of Argeo AS, has been granted a new patent from the Norwegian Industrial Patent office (Patentstyret) safeguarding the innovative design of the groundbreaking “Argeo Discover” high-energy electromagnetic system. “Argeo Discover”, the company’s ultimate marine mineral resource exploration solution represents a significant leap forward, driven by an…
Drake & Scull reports AED 5 million gross profit in Q2 2023
DUBAI, UAE: Drake & Scull International PJSC (DSI), a regional market leader in integrated design, engineering, and development in the MEP, Water and Power and Oil and Gas sectors, has announced its reviewed financial results for the second quarter of 2023. The company reported a gross profit of AED 5 million, compared to AED 1…
SALAMA reports AED 12.26 million net profit in H1 2023
DUBAI, UAE: SALAMA, UAE’s largest Takaful solutions provider, has announced a net profit of AED 12.26 million for the first half of 2023, driven by the development of digital capabilities, improved underwriting discipline, expansion of the client portfolio, engaging in new partnerships, and reinforcement of distribution channels. The company’s insurance revenue grew by 28%, reaching…
AMAN Insurance posts AED 4 million net profit in Q2 2023
DUBAI, UAE: AMAN Insurance Company, a Dubai-based Islamic insurance and reinsurance provider, has announced a net profit of AED 4 million for the second quarter of 2023, a 179% increase from the same period last year, when it recorded a loss of AED 5 million. The company attributed the positive results to its strategic plan…
AssetCo gets FCA approval for Ocean Dial acquisition
LONDON, UK: AssetCo, the agile asset and wealth management company, has received the green light from the UK regulator to proceed with its acquisition of Ocean Dial Asset Management Limited, a specialist India-focused fund manager. The Financial Conduct Authority (FCA) has approved AssetCo’s change in control application, which was announced on 6 March 2023. The…
Savings Banks Group launches largest investment in its history to boost digitalisation
LONDON, UK: The Savings Banks Group, a Finnish cooperative banking group, announced today that it will launch an extensive business development project this autumn, which will include concrete steps towards the realisation of its digital vision. The project aims to enable the seamless integration of in-person and digital services, which will enhance the service experience…
Bunzl Plc announces acquisitions In Spain, Brazil, The Netherlands and Canada
LONDON, UK: Bunzl plc, the specialist international distribution and services Group, today announces that it has acquired three businesses and signed an agreement to acquire a further business across a range of sectors in Spain, Brazil, the Netherlands and Canada. In June, Bunzl acquired La Cartuja Complementos Hostelería, a distributor of foodservice and hospitality equipment…
Sims Limited to acquire Baltimore Scrap Corp for US$177 million
SYDNEY, AUSTRALIA: Sims Limited, a global leader in metal recycling, announced today that it has entered into a definitive agreement to acquire the assets of Baltimore Scrap Corp (BSC), one of the largest metal recyclers in the United States Northeast. The deal is expected to close in October 2023, subject to regulatory approvals and other…