French defence and technology group Thales announced on Tuesday that it has agreed to buy U.S. cybersecurity company Imperva for $3.6 billion in cash, as it seeks to expand its digital identity and security (DIS) division and tap into the growing demand for protection against cyber threats. Imperva, which is owned by private equity firm…
Spotify to increase Premium prices in over 50 countries
Spotify layoffs: Company to cut 17% of jobs | CNN Business Spotify to layoff 17% of employees amid tech slowdown : NPR Spotify, the world’s largest music-streaming service, has announced that it will increase the prices of its ad-free Premium plans in more than 50 countries, including the US, UK and Ireland. The company, which…
IDEX Biometrics and Goldpac Fintech to launch biometric smart cards globally
OSLO, NORWAY: IDEX Biometrics, a leading provider of fingerprint solutions for payments and identity access, has announced a collaboration with Goldpac Fintech Hong Kong Limited, a subsidiary of Goldpac Group, one of the world’s largest payment card suppliers, to deploy biometric smart cards globally. The partnership will leverage Goldpac Fintech’s presence across more than 30…
TSMC to invest $2.87 billion in advanced packaging plant in Taiwan
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, said on Tuesday that it plans to invest nearly T$90 billion ($2.87 billion) in an advanced packaging facility in northern Taiwan to meet growing demand for AI chips. The company said in a statement that it will establish the plant in the Tongluo Science Park,…
TikTok Music challenges Spotify and Apple Music in key markets
TikTok, the popular short video app, has launched a new music-streaming service in several countries, as it seeks to challenge the dominance of Spotify and Apple Music. TikTok Music said on Wednesday that it will be testing its service in Australia, Mexico and Singapore. That announcement comes shortly after it launched in Indonesia and Brazil…
TotalEnergies acquires 100% of Total Eren to boost its renewable energy business
PARIS, FRANCE: TotalEnergies is pursuing its profitable growth in the renewable energy sector with today’s announcement that it is buying out Total Eren’s other shareholders, increasing its stake from close to 30% to 100%. The Total Eren teams will be fully integrated within TotalEnergies’ Renewables business unit. The deal follows the strategic agreement signed between…
Kongsberg Automotive appoints Linda Nyquist-Evenrud as interim CEO
OSLO, NORWAY: The Board of Directors of Kongsberg Automotive ASA (KA) has appointed Linda Nyquist-Evenrud as interim President & Chief Executive Officer (CEO) effective July 25, 2023. Linda comes from the position as Executive Vice President of KA’s Flow Control Systems (FCS) business unit and is part of the Executive Management. She brings more than…
Aldar to invest AED 500 million in revamping two malls in the UAE
ABU DHABI, UAE: Aldar Properties announced an AED 500 million investment plan to redevelop two of its key retail portfolio assets in the UAE: Al Jimi Mall in Al Ain, and Al Hamra Mall in Ras Al Khaimah. The investment takes Aldar’s committed spend on redeveloping key retail assets to AED 1 billion. The company…
Actual Experience secures second enterprise order for its Digital Workplace Management Platform
LONDON, UK: Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is pleased to announce that it has received a second order for its Digital Workplace Management Platform (DWMP) within 9 months of commercial launch. This new customer is a major global healthcare enterprise who have contracted with the Company via a large US channel partner…
Sir Nigel Rudd returns as Chairman of Destiny Pharma
LONDON, UK: Destiny Pharma plc (AIM: DEST), a clinical stage innovative biotechnology company focused on the development of novel medicines that can prevent life-threatening infections, today announces that Sir Nigel Rudd will be returning as Company Chairman, effective immediately. Sir Nigel has an impressive track record in creating value for shareholders in a variety of…
888 Holdings appoints Per Widerström as new CEO
LONDON, UK: 888 Holdings, one of the world’s leading betting and gaming companies with internationally renowned brands including William Hill, 888 and Mr Green, today announces the appointment of Per Widerström as Chief Executive Officer (“CEO”), with effect from 16 October 2023. Per has more than 17 years of experience in the online gaming industry,…
Helios acquires Park Farm Underwriting Limited for £3.2m
LONDON, UK: Helios, the investment vehicle which builds shareholder value through exposure to Lloyd’s, announced the completion of a further LLV acquisition on Tuesday. The company said it has acquired Park Farm Underwriting Limited, that provides access to syndicate capacity of £2.3m on the Freehold Syndicate, one of the best performing syndicates at Lloyd’s. The…