The U.S. Treasury Department‘s forthcoming rule to end anonymous luxury-home purchases marks a significant step in the ongoing battle against money laundering and the illicit concealment of funds. This proposed regulation aims to tighten oversight in the real estate sector, where criminals, including corrupt oligarchs, terrorists, and other wrongdoers, have long exploited anonymity to obscure…
Höegh Autoliners signs 5-year contract with a Japanese construction equipment manufacturer
OSLO, NORWAY: Höegh Autoliners ASA has signed a 5-year contract with a major Japanese construction equipment manufacturer for the transport of construction equipment from Asia to Europe. Andreas Enger CEO of Höegh Autoliners commented: “Committing our capacity and building long term relationships with strategic customers in main trade lanes is our priority. Our vessels are…
BlueScope unveils $415 million expansion to boost metal coating capacity
SYDNEY, AUSTRALIA: BlueScope, a leading global steel company, has announced a significant expansion of metal coating capacity at its Erskine Park site in New South Wales, reaffirming its commitment to Australian manufacturing and meeting rising customer demand. The newly approved $415 million expansion project includes the addition of a metal coating line (MCL7) with the…
Atlantis Japan Growth Fund and Nippon Active Value Fund Plan Asset Combination
LONDON, UK: Atlantis Japan Growth Fund (AJGF) has announced its intention to combine assets with Nippon Active Value Fund (NAVF) in a move to counter market challenges and boost shareholder value. AJGF’s small size and recent underperformance led to a discount in trading shares to net asset value. NAVF’s distinct investment approach focuses on unlocking…
GCP infrastructure announces GABI combination, potential merger with RM Infrastructure Income
LONDON, UK: GCP Infrastructure Investments Limited (GCP Infra) has set the stage for a transformative phase as it unveils plans to join forces with GCP Asset Backed Income Fund Limited (GABI) and potentially merge with RM Infrastructure Income plc (RMII). The Board of Directors of GCP Infra has announced that it has reached preliminary agreements…
Halo Food divests The Healthy Mummy Holdings
SYDNEY, AUSTRALIA: In a strategic move aimed at streamlining its business operations and optimizing its portfolio, Halo Food Co. Limited (ASX:HLF) has announced the divestment of The Healthy Mummy Holdings and its associated subsidiaries. The Company’s decision aligns with its ongoing strategic review, which was prompted by recent market challenges and a desire to enhance…
Exchange rates for GBP against major currencies on August 11, 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 1.1543 Pounds to Euros GBP-USD 1.2683 Pounds to Dollars GBP-NZD 2.1113 Pounds to New Zealand Dollars GBP-AUD 1.9451 Pounds to Australian…
What are UCAS courses and how to apply?
UCAS courses are courses offered by universities and colleges in the UK that can be applied for through the UCAS website. UCAS stands for Universities and Colleges Admissions Service, and it is the central organisation that processes applications for undergraduate courses in the UK. There are many types of UCAS courses available, such as: You…
X CEO Linda Yaccarino says the company is hiring and growing after Musk’s takeover
X, the social media platform formerly known as Twitter, is hiring again after slashing more than half of its workforce following its acquisition by Elon Musk. The company’s CEO, Linda Yaccarino, said in an interview with CNBC on Thursday that the company is shifting from cost-cutting to growth mode. “I get to come in and…
Disney hikes streaming prices and cracks down on password sharing
Disney, the entertainment giant, has announced that it will raise the prices of its ad-free streaming services, Disney+ and Hulu, by $3 per month, starting from October. The company also said that it will intensify its efforts to stop password sharing among its subscribers, which could generate more revenue in the long term. The price…
Mortgage rates fall as lenders compete for customers
Mortgage rates have fallen for the first time in two months, as several lenders have reduced their costs across both residential and buy-to-let ranges. The move could benefit homebuyers and homeowners who are looking to remortgage or switch to a better deal. According to Moneyfacts, a financial data provider, the average rates on two-year and…
National World eyes Telegraph Media Group as potential acquisition target
National World, the owner of the Yorkshire Post, the Scotsman and more than 100 other regional newspapers and websites, has expressed its interest in buying the Daily Telegraph and its sister titles, including the Sunday Telegraph and the Spectator magazine. The company, which was founded by former Mirror executive David Montgomery, said in a statement…