LONDON, UK: Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd (Singlife), together with two debt instruments, to Sumitomo Life Insurance Company for total consideration of £0.8 billion (SGD 1.4 billion) payable in cash…
BP’s chief executive Bernard Looney has stepped down from his role after admitting he failed to disclose all of his past personal relationships with company colleagues. The oil giant said it received anonymous allegations in May 2022 about Mr Looney’s…
Apple has launched its latest flagship smartphone, the iPhone 15, at its ‘Wonderlust’ event in Cupertino. The new device features a stunning new design, a powerful camera system, and a USB-C charging port. The iPhone 15 sports a 6.1-inch OLED…
HMD Global, the Finnish company that owns the rights to use the Nokia brand on mobile devices, has announced that it will be launching its own line of smartphones and tablets under a new HMD brand. The move is part…
Arm Holdings Plc, a leading chip design company, will receive up to $100 million from TSMC, the world’s biggest contract chipmaker, as part of its IPO, TSMC announced on Tuesday. TSMC also said it agreed to buy 10% of IMS…
A new semiconductor fabrication plant worth $4 billion was launched in Singapore on Tuesday by GlobalFoundries, the U.S chipmaker that ranks third in the world in contract chipmaking. The new facility, which covers 23,000 square meters (248,000 square feet), will…
After 16 years of leading beverage maker Davide Campari-Milano NV, Chief Executive Officer Bob Kunze-Concewitz has announced his retirement, which will take effect in April next year. The company has appointed Matteo Fantacchiotti, the managing director for the Asia-Pacific region,…
DUBAI, UAE: TOKO FZE a leading innovator in the FinTech sector, born out of global law firm DLA Piper, announces a transformative strategic partnership with Virtuzone, a pioneer in business solutions and corporate services for the region. The establishment of…
PARIS, FRANCE: Exclusive Networks (Euronext Paris: EXN), a global leader in cybersecurity, has signed an agreement to acquire Ingecom, a Value Added Distributor (VAD) 100% specialized in cybersecurity and cyber intelligence solutions to accelerate Ignition Technology expansion in Southern Europe….
LONDON, UK: Smurfit Kappa and WestRock have announced the signing of a definitive transaction agreement to merge their operations and create a new entity, Smurfit WestRock. The combination of these two industry giants is poised to establish a global leader…
LONDON, UK: Savannah Resources plc, the European lithium development company, has announced pivotal changes within its leadership and board, signaling a significant phase of growth and development. These changes include the appointment of Mr. Emanuel Proença as the new Chief…
KARACHI, UK: United Bank Limited (UBL) has announced its plans to establish an exchange company with a paid-up capital of PKR 1.0 billion, subject to approval by the State Bank of Pakistan and other regulatory compliances. The exchange company will…