According to the IMF, the UK economy will be the weakest of the G7 nations, which comprises Canada, France, Germany, Italy, Japan, and the USA. They predict our economy will decline by 0.3% in 2023 in comparison to other group member countries. The IMF’s forecast takes several factors into account in reaching its prediction. They…
Empower confirms readiness to meet increasing demand for district cooling services during summer season in Dubai
DUBAI, UAE: Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest provider of district cooling services, has announced its readiness to meet the increasing demand for its high-quality district cooling services during the summer season. The company has over 80% market share of the total district cooling market in Dubai and serves 1,463 buildings…
Google to Use Samsung’s ISOCELL GN2 Camera Sensor in Pixel 8 Pro Smartphone
Google has been using Samsung’s electronic components such as camera sensors, modems, and display panels since the launch of the Pixel 6 series. And it will continue to do so with its next-generation Pixel series smartphones. In addition, Google is expected to upgrade to Samsung’s biggest camera sensor yet in the Pixel 8 Pro smartphone….
Royal Vopak signs agreements for a new debt issuance of EUR 400 million equivalent
ROTTERDAM: Royal Vopak announces the signing of Note Purchase Agreements for a debt issuance in the US Private Placement (USPP) market for a total amount of USD 225 million and EUR 193 million. Funding will take place mid June this year and is subject to customary closing conditions. This Senior Notes Program consists of various…
Woodoo raises $31M to turn discarded wood into sustainable building materials
Paris-based biotechnology startup Woodoo has raised $31 million in funding to expand its technology platform that transforms discarded wood into alternatives for construction material. The company’s proprietary engineering platform enables it to transform low-grade and even diseased wood products into premium high-tech materials, using lignin engineering at the molecular level. The new capital will be…
UK and Netherlands cross-border electricity line to deliver energy to 1.8 million homes
The UK and the Netherlands are set to be connected by a new power line that will deliver enough electricity to power 1.8 million homes. The innovative cross-border electricity line, known as LionLink, will be the largest of its kind in the world in terms of capacity, carrying more than four times the amount of…
BAE Systems signs Microsoft Azure Cloud platform for digital defence capabilities
LONDON, UK: BAE Systems, a UK-based defence, aerospace, and security company, has signed a strategic agreement with Microsoft to utilize its Azure Cloud platform. The partnership will help BAE to develop complex digital systems for militaries and governments to analyze incoming data. The partnership aims to support faster and easier deployment, development, and management of…
Accesso Technology Group to acquire Paradocs Mountain Software for $10 million
LONDON, UK: Accesso Technology Group plc (ACSO), a premier technology solutions provider for attractions and venues worldwide, has announced the acquisition of Paradocs Mountain Software, a leading Canadian-based provider of software solutions specifically tailored to the ski industry. The acquisition was made pursuant to the terms of an equity purchase agreement entered into on 21…
Cordel Group appoints John Davis as new Chief Executive Officer
LONDON, UK: Cordel Group PLC, the Artificial Intelligence platform for transport corridor analytics, has announced the appointment of John Davis as the new Chief Executive Officer with immediate effect. Mr. Davis has been a non-executive director of the Company since 2018 and has served as Interim CEO since March 1, 2023. With his appointment, Davis…
IK Partners agree to acquire Medica Group for £269 million
LONDON, UK: Moonlight Bidco Limited, a newly incorporated wholly-owned subsidiary of funds advised by IK Investment Partners Limited reached an agreement on the terms and conditions of a recommended all cash offer to acquire Medica Group plc by means of a scheme of arrangement. Under the terms, each Medica Group shareholder will receive 212 pence…
Vivo launches two new foldables in the Chinese Market – Vivo X Flip and Vivo X Fold 2
Vivo has recently launched two new foldable phones in the Chinese market – Vivo X Flip and Vivo X Fold 2. Both these foldables feature Zeiss branded cameras and come with tried and tested fold and flip form factors. In this blog, we will take a closer look at both these foldables and their features….
Realme’s 11 Series smartphones to feature new design and impressive camera capabilities
In the highly competitive world of smartphone technology, Realme is one of the brands that has been making a lot of noise in recent years. The Chinese company has been gaining popularity among consumers for its affordable yet high-performance devices that often boast impressive features. Now, reports suggest that Realme is getting ready to launch…