Abu Dhabi, UAE: ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) have announced a strategic investment project worth up to $2.4 billion (AED 8.8 billion) to provide sustainable water supply for ADNOC’s onshore operations. The project will develop a centralized world-class seawater treatment facility and transportation network for operations at the Bab and Bu…
Lexus Teases New Entry-Level Crossover
Lexus has released a couple of teaser images of a new entry-level crossover, which is set to be revealed on June 5. The new model, which is rumored to be called the LBX, is likely to be based on the Toyota Yaris Cross and will compete with cars like the Audi Q2 and BMW X1….
Apple strikes deal with Broadcom to boost U.S. chip production
Apple has announced a multibillion dollar deal with the U.S. chipmaker Broadcom to use chips manufactured in the United States, as part of its 2021 plan to invest $430 billion in the U.S. economy over five years. The move comes as the U.S. seeks to reduce its reliance on foreign chip manufacturers amid a global…
Apex Group buys MJ Hudson’s data and analytics arm for £15m
Apex Group, a global financial services provider, has completed the acquisition of MJ Hudson’s data and analytics arm for £15m, as the troubled asset management consultancy prepares to delist from AIM later this week. The deal, which was announced in April, will see Apex Group take over MJ Hudson’s ESG, custodian bank benchmarking, quantitative solutions,…
CRM software maker Kustomer raises $60 million after leaving Meta
Kustomer, a customer relationship management (CRM) platform that was acquired by Meta Platforms Inc (formerly Facebook) in 2020, said on Tuesday it had raised $60 million in financing as it spins out of the social media giant. The Instagram owner has been focusing on its business-messaging offerings, including monetization opportunities for WhatsApp, in a bid…
Faye Travel Insurance raises $10 million in Series A Funding
Faye, a New York-based travel insurance startup, announced today that it has raised $10 million in Series A funding. The round was led by Munich Re Ventures, with participation from existing investors Viola Ventures and F2 Venture Capital. Additional investors included Menora Tech and Mike Nelson. The company intends to use the funds to quadruple…
Exchange rates for GBP against major currencies on May 23, 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 1.1529 Pounds to Euros GBP-USD 1.2412 Pounds to Dollars GBP-NZD 1.9852 Pounds to New Zealand Dollars GBP-AUD 1.8767 Pounds to Australian…
TBC Bank Group acquires full ownership of Payme in Uzbekistan
LONDON, UK: TBC Bank Group , a leading banking group in Georgia and the region, has announced that it has acquired the remaining 49% stake in LLC Inspired, the Group’s payments subsidiary operating under the Payme brand (“Payme”) in Uzbekistan. The deal was completed on May 22, 2023, following the signing of a Sales and…
Delta to Stop Flying Between Boston and Westchester
Delta Air Lines announced on Monday that it will stop operating flights between Boston Logan International Airport (BOS) and Westchester County Airport (HPN) in September. The route launched in October 2022 and is operated by Delta Connection partner Republic Airways with its Embraer ERJ-170 and ERJ-175 jets. The 166-mile route – one of the shortest…
Paramount+ and Showtime to Merge in U.S.
Paramount Global announced on Monday that it will merge its Paramount+ and Showtime streaming services in the United States on June 27. The combined service will be called Paramount+ with Showtime and will cost $11.99 per month. The standalone Paramount+ service will remain available for $5.99 per month. The merger is part of Paramount’s strategy…
Baby Bunting welcomes new CEO Mark Teperson
SYDNEY, AUSTRALIA: Baby Bunting Group Limited (ASX: BBN), Australia’s largest specialty retailer of maternity and baby goods, today announced the appointment of Mr Mark Teperson as Managing Director & CEO, effective 2 October 2023.Mr Teperson is a highly regarded retail leader with more than 20 years’ experience across retail and fintech. He has a proven…
ClearVue Technologies announces new CEO to drive global expansion
SYDNEY, AUSTRALIA: ClearVue Technologies Limited (ASX: CPV), a smart building materials company that provides energy efficient, energy generating, clear solar glass, today announced that it has appointed Martin Deil as its Chief Executive Officer as it looks to expand its global footprint. Mr Deil will commence with the Company from 1 June 2023. He has…