PARIS, FRANCE: ConocoPhillips has agreed to buy TotalEnergies’ 50% stake in the Surmont oil sands project in Canada for $3 billion in cash, plus up to $325 million in additional payments under certain conditions. The deal was announced on May 26, 2023, after ConocoPhillips exercised its preemption right to purchase the interest held by TotalEnergies…
Edita Food Industries acquires Fancy Foods for EGP 380 million
LONDON, UK: Edita Food Industries SAE, a leading Egyptian snack food producer, has announced the acquisition of Fancy Foods S.A.E., a local manufacturer of wafer and chocolate products, for EGP 380 million. The deal includes the purchase of the entire shares of Fancy Foods and the settlement of its debts to banks and shareholders. The…
Nestlé announces François-Xavier Roger stepping down, Anna Manz named as CFO
LONDON, UK: After eight years with Nestlé, François-Xavier Roger, Executive Vice President and Chief Financial Officer, has decided to step down and to pursue new professional challenges. François has provided strong financial leadership and driven sustainable value creation for the company. Anna Manz, currently Chief Financial Officer and a member of the Board for the…
Bunzl Plc reaches 200 acquisitions milestone with safety deals in Brazil and Spain
LONDON, UK: Bunzl plc, the international distribution and services Group, has announced the acquisition of two safety businesses in Brazil and Spain, bringing its total number of acquisitions since 2004 to 200. The Group said the deals enhance its offering in the safety sector and are margin accretive. The Group agreed to buy Leal Equipamentos…
XLMedia sells part of its Personal Finance division for $1.3 million
LONDON, UK: XLMedia, a global digital media company, has announced the sale of some of its Personal Finance assets to MPD Media for $1.3 million in cash. The deal includes domains and websites such as Investor Junkie, Greedy Rates and Young and Thifty, which offer financial advice and reviews to consumers. The sale is part…
LendInvest sells Buy-to-Let residential mortgage portfolio to Chetwood Financial
LONDON, UK: LendInvest plc (AIM: LINV), UK’s leading platform for mortgages, today announces the sale of a portfolio of Buy-to-Let residential mortgages to Chetwood Financial Limited for a cash consideration of £243 million inclusive of the proceeds from cancelled interest rate derivatives. Following completion of the Transaction, LendInvest will continue to manage and service the…
Binance names Richard Teng as head of global markets
Binance, the world’s largest cryptocurrency exchange, has appointed Richard Teng as its head of global markets, excluding the United States. Teng will oversee the exchange’s operations and expansion in regions such as Asia, Europe and the Middle East. Teng, who announced his promotion on his LinkedIn profile, joined Binance as CEO of Singapore in August…
Nvidia and MediaTek Partner to Develop Advanced Vehicle Infotainment Systems
Nvidia Corp and MediaTek Inc on Monday announced a partnership to develop advanced vehicle infotainment systems. The systems will be powered by Nvidia’s graphics processing units (GPUs) and MediaTek’s system-on-chips (SoCs). The partnership will allow automakers to develop more sophisticated infotainment systems that can stream video, play games, and interact with drivers using artificial intelligence…
Nvidia to build Israel’s most powerful AI supercomputer
Nvidia Corp (NVDA.O), the world’s most valuable listed chip company, said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. The cloud-based system, called Israel-1, is expected to cost hundreds of millions of dollars and be partly operational by the end of 2023. It…
Bitcoin, Ethereum, and Other Major Cryptocurrencies Down Sharply
Bitcoin is currently trading at $29,319.40, down 1.4% in the last 24 hours. Ethereum is currently trading at $1,987.70, down 2.2% in the last 24 hours. Binance Coin is currently trading at $333.15, down 1.8% in the last 24 hours. Tether is currently trading at $1.00, up 0.0% in the last 24 hours. USD Coin…
Gold prices today – May 29, 2023
As of May 29, 2023, the price of gold is $1,947.60 per ounce. This is a decrease of 0.19% from the previous day’s price of $1,949.60 per ounce. The price of gold has been on a downward trend in recent months, due to a number of factors, including rising interest rates and a strengthening U.S….
How To Secure Hygiene For Festival Goers?
Festivals are a place where people come together to celebrate and have fun. However, with the sheer number of attendees in close proximity to each other, hygiene can quickly become an issue. Keeping festival goers clean is not only important for their health but also for the overall experience of the event. In this blog…