Coinbase, the largest cryptocurrency exchange in the US, has announced that it has expanded its crypto offerings for the Canadian market as part of its international expansion efforts. According to an announcement, Coinbase’s entry into Canada is via a partnership with Peoples Trust Company, a federally regulated financial institution that provides banking and payment services….
Hans Zimmer acquires BBC’s Maida Vale Studios in London
Hans Zimmer, the renowned composer of film scores such as The Lion King, Gladiator and Inception, has bought the BBC’s iconic Maida Vale Studios in London in a partnership with three film producers. The venue, which the BBC had owned since 1933, has played host to the likes of David Bowie, The Beatles, Led Zeppelin…
PayPal names Intuit executive Alex Chriss as new President and CEO
PayPal, the global online payments giant, has announced that it has appointed Alex Chriss, a senior executive from Intuit, as its new president and CEO, effective 27 September 2023. Chriss will succeed Dan Schulman, who has led PayPal since 2014 and announced his retirement in February. Schulman will remain on the board of PayPal until…
Why Simplifying HR Processes is Crucial for Business Success
Human Resources processes can often be complicated and confusing to navigate, but they are an essential part of running a successful business. By taking steps to simplify HR processes, companies can benefit from higher levels of productivity, decreased costs, improved employee morale, and ultimately greater success. In this blog post we will discuss why simplifying…
SoftBank in talks to buy back Arm stake from Vision Fund 1 ahead of IPO
SoftBank Group Corp is in talks to buy back the 25% stake in Arm Ltd it does not directly own from Vision Fund 1 (VF1), a $100 billion investment fund it raised in 2017, Reuters reported on Monday. The negotiations come as SoftBank, which currently owns 75% of Arm, is preparing to list the chip…
TGS announces new multi-client projects in Southeast Asia
OSLO, NORWAY: TGS, a leading global provider of energy data and intelligence, has announced that it has secured funding for a series of multi-client projects in Southeast Asia, which are expected to start in late Q4 2023. The program covers six months of new 2D and 3D seismic data acquisition, over 6,600 kilometers of legacy…
ITM Power sings non-binding deal to sell Motive Fuels Ltd
LONDON, UK: ITM Power, a leading manufacturer of electrolysers for hydrogen production, has announced that it has signed a non-binding Heads of Terms agreement for the sale of its Motive Fuels Ltd joint venture. Motive Fuels Ltd was established in March 2022 to develop and roll out hydrogen refuelling stations in the UK, with £30m…
Clean Food Group secures £2.3 million funding to scale up sustainable oils and fats technology
LONDON, UK: Clean Food Group, a UK-based biotech company that produces sustainable oils and fats from food waste, has announced a further £2.3 million in funding to accelerate the commercialisation of its technology. The funding round attracted international investment from industrial food specialists Doehler Group and Alianza Team, as well as existing investors Agronomics and…
Basware Oy reach agreement to acquire Glantus Holdings for £29.5 million
LONDON, UK: Genesis Bidco Limited, wholly-owned by Basware Oy, reached agreement to acquire Glantus Holdings Plc at the rate of £0.3342 in cash for each Glantus share. The acquisition values the entire issued and to be issued share capital of Glantus at approximately £17.8 million on a fully diluted basis and implies an enterprise value…
Tesla cuts Model Y prices in China amid falling sales
Tesla Inc has announced that it will reduce the prices of its Model Y long-range and performance versions in China starting from Aug. 14, according to a notice posted on its website on Monday. The electric car maker said it will lower the starting prices of both models by 14,000 yuan ($1,934.58), which represents a…
Exchange rates for GBP against major currencies on August 14, 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 1.1592 Pounds to Euros GBP-USD 1.2682 Pounds to Dollars GBP-NZD 2.1259 Pounds to New Zealand Dollars GBP-AUD 1.9582 Pounds to Australian…
Air Arabia reports record second quarter and first half 2023 results
SHARJAH, UAE: Air Arabia (PJSC), the Middle East & North Africa’s first and largest low-cost carrier operator, today reported a record second quarter and first half 2023 financial and operational results, as the airline continues to demonstrate remarkable performance and growth. Air Arabia registered a net profit of AED 459 million during the second quarter…