LONDON, UK: Clean Food Group, a UK-based biotech company that produces sustainable oils and fats from food waste, has announced a further £2.3 million in funding to accelerate the commercialisation of its technology. The funding round attracted international investment from industrial food specialists Doehler Group and Alianza Team, as well as existing investors Agronomics and…
Basware Oy reach agreement to acquire Glantus Holdings for £29.5 million
LONDON, UK: Genesis Bidco Limited, wholly-owned by Basware Oy, reached agreement to acquire Glantus Holdings Plc at the rate of £0.3342 in cash for each Glantus share. The acquisition values the entire issued and to be issued share capital of Glantus at approximately £17.8 million on a fully diluted basis and implies an enterprise value…
Tesla cuts Model Y prices in China amid falling sales
Tesla Inc has announced that it will reduce the prices of its Model Y long-range and performance versions in China starting from Aug. 14, according to a notice posted on its website on Monday. The electric car maker said it will lower the starting prices of both models by 14,000 yuan ($1,934.58), which represents a…
Exchange rates for GBP against major currencies on August 14, 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 1.1592 Pounds to Euros GBP-USD 1.2682 Pounds to Dollars GBP-NZD 2.1259 Pounds to New Zealand Dollars GBP-AUD 1.9582 Pounds to Australian…
Air Arabia reports record second quarter and first half 2023 results
SHARJAH, UAE: Air Arabia (PJSC), the Middle East & North Africa’s first and largest low-cost carrier operator, today reported a record second quarter and first half 2023 financial and operational results, as the airline continues to demonstrate remarkable performance and growth. Air Arabia registered a net profit of AED 459 million during the second quarter…
Kuniko appoints new COO with mining and sustainability expertise
SYDNEY, AUSTRALIA: Kuniko, a leading mining company with operations in Africa and Asia, has announced the appointment of Ms. Mona Schanche as its new Chief Operating Officer, effective 14th August 2023. Ms. Schanche will bring her distinguished background in the mining industry and her passion for sustainability to Kuniko, as the company aims to enhance…
Eshraq Investments appoints Mohamed Al Hashimi as new CEO
ABU DHABI, UAE: Eshraq Investments PJSC (Eshraq), a leading investment company in the UAE, announced today the appointment of Mohamed Al Hashimi as its new chief executive officer. Al Hashimi will lead the company in its new phase of expansion and development, following a strong turnaround in performance and profitability. Al Hashimi joins Eshraq Investments…
TAQA reports strong first half earnings driven by utilities business
ABU DHABI, UAE: Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utilities in Europe, Middle East and Africa, reported its first half earnings for the period ending 30 June 2023. TAQA’s performance was driven by strong and stable returns from its long-term contracted utilities business whilst it has remained focused…
Strike Energy to acquire Talon Energy and boost its Perth Basin business
SYDNEY, AUSTRALIA: Strike Energy has announced a deal to acquire Talon Energy Limited (ASX: TPD, Talon), a Perth Basin-focused oil and gas company, in a share swap scheme of arrangement. The deal will enhance Strike’s position as a leading gas producer and developer in the Perth Basin, where it operates the West Erregulla gas project….
Precinct Properties forms JV to acquire Te Tōangaroa portfolio
AUCKLAND, NZ: Precinct Properties Group has formed a Joint Venture with the tangata whenua of central Tāmaki Makaurau Ngāti Whātua Ōrākei, to invest in the regeneration of the Te Tōangaroa precinct in the Tāmaki Makaurau city centre. Precinct’s investment will be in partnership with global private investor, PAG. The Te Tōangaroa portfolio comprises two low-rise…
5 Must Have Mobile Apps for Everyone
Mobile apps have become an essential part of our daily lives, offering us convenience, entertainment, education, and more. With millions of apps available on the Google Play Store and the Apple App Store, it can be hard to choose which ones to download and use. To help you out, I have compiled a list of…
U.S. Steel explores strategic options after receiving takeover bids
United States Steel Corp. (U.S. Steel), one of the largest steel producers in the world, announced on Sunday that it is launching a formal review to evaluate strategic alternatives for the company, following multiple unsolicited takeover offers from potential buyers. The Pittsburgh-based company said in a press release that it has received “multiple unsolicited proposals…