China has announced that it will reinstate its 15-day visa-free entry policy for citizens of Singapore and Brunei from July 26, after a three-year suspension due to the Covid-19 pandemic. The Chinese embassies to Singapore and Brunei said that the policy will apply to those who are visiting China for business, tourism, family visits and…
Vmoto to enter Malaysian electric motorcycle market with Ni Hsin EV
SYDNEY, AUSTRALIA: Vmoto Limited, a global electric vehicle company, has announced that it has signed a non-binding Memorandum of Understanding (MOU) with Ni Hsin EV Tech, a subsidiary of Malaysia-listed Ni Hsin Group, to form a strategic alliance to assemble, market and distribute Vmoto’s electric motorcycle models in Malaysia. The MOU covers Vmoto’s F01, CPX…
McPhy signs strategic agreement with Vulcain Engineering for hydrogen projects
PARIS, FRANCE: McPhy Energy, a company specialized in low-carbon hydrogen equipment, has announced that it has signed a strategic agreement with Vulcain Engineering, a consulting and engineering firm, for the installation and commissioning of electrolyzers and refuelling stations. The agreement aims to shorten the project implementation times for McPhy, which is facing a fast-growing hydrogen…
COPL signs LOI for joint venture to develop Cole Creek project in Wyoming
LONDON, UK: Canadian Overseas Petroleum Limited (COPL), an international oil and gas company with operations in Wyoming, USA, has announced that it has signed a non-binding letter of intent (LOI) for a joint venture with an established energy company to develop its Cole Creek project in Wyoming. The project involves the exploitation of oil reserves…
Vodafone appoints Luka Mucic as group chief financial officer
LONDON, UK: Vodafone Group Plc announced today the appointment of Luka Mucic as Chief Financial Officer and as an Executive Director of Vodafone, effective from 1 September 2023. Margherita Della Valle, Vodafone Group Chief Executive said: “I am thrilled that Luka will be joining the Vodafone team. He has a strong track record of international…
Ecora buys royalty over Chilean copper project for $20m
LONDON, UK: Ecora, a global mining royalty company, has announced the acquisition of a 0.25% royalty over the open pit of the Vizcachitas copper project in Chile, for $20 million. Vizcachitas is one of the world’s largest undeveloped copper projects, owned by Los Andes Copper Ltd. The deal adds to Ecora’s portfolio of copper royalties,…
Trackwise Designs launches sale process for the business and updates on SCL sale process
LONDON, UK: Trackwise Designs plc (AIM: TWD), a leading manufacturer of specialist products using printed circuit technology, has announced the launch of a sale process for the business, following the loss of a major contract opportunity with a Tier-1 supplier. The company said that it had been working with the Tier-1 supplier for more than…
3i Infrastructure to sell its 25% stake in Attero for €215 million
LONDON, UK: 3i Infrastructure plc intends to sell its c.25% stake in Attero, one of the largest waste treatment and recycling companies in the Netherlands, to Ardian Infrastructure. Ardian Infrastructure intends to purchase 100% of Attero from 3i Infrastructure and its co-investors (funds managed by DWS (c.50%), and other funds managed by 3i Investments plc…
Inland Homes appoints new CEO and announces acquisition of NorthCountry Homes
LONDON, UK: Inland Homes plc (AIM: INL), the brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, has announced the appointment of Jolyon Harrison as its new Chief Executive Officer (CEO). Jolyon has over 50 years of house building experience, including as CEO of MJ Gleeson…
Ørsted divests its remaining 25 % share of London Array for GBP 717 million
LONDON, UK: Ørsted has signed an agreement with funds managed by Schroders Greencoat, a global specialist asset manager focusing on renewable energy infrastructure assets, to divest its remaining 25 % minority interest in the London Array Offshore Wind Farm in the UK. The total value of the transaction is GBP 717 million (DKK 6.17 billion)….
Astrocast and Airbus extend partnership to boost satellite IoT technology
OSLO, NORWAY: Astrocast, a leading satellite IoT operator, has announced the extension of its partnership with Airbus Defence and Space (Airbus), a global leader in the aerospace industry. The partnership aims to enhance the capabilities of satellite Internet of Things (SatIoT) technology, and to provide the most reliable and cost-effective SatIoT solutions to customers. The…
Exchange rates for GBP against major currencies on July 24, 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 1.1575 Pounds to Euros GBP-USD 1.287 Pounds to Dollars GBP-NZD 2.0862 Pounds to New Zealand Dollars GBP-AUD 1.9123 Pounds to Australian…