BRUSSELS, BELGIUM: Azelis has signed an agreement to acquire the majority shares of Vogler Ingredients Ltda., a renowned specialty distributor of food ingredients in Brazil. The acquisition represents a strategic expansion of the group’s footprint in the largest economy in Latin America, reinforcing its focus on executing its regional growth strategy. Vogler Ingredients is one…
Twitter Inc. has merged into X Corp
Twitter Inc. has merged with a company called “X Corp.” and no longer exists, according to federal filings reported by Forbes. The filing, which was submitted on April 4, 2023, in California federal court, stated that “Twitter, Inc. has been merged into X Corp. and no longer exists.” Additionally, the document revealed that X Corp….
VRFB Holdings to acquire Garnet Commerce’s 50% interest in Enerox, owner of CellCube
LONDON, UK: VRFB Holdings Limited (VRFB-H) has agreed to acquire Garnet Commerce Limited’s 50% interest in Enerox Holdings Limited (EHL). The total consideration payable to Garnet Commerce for its shareholding in Enerox Holdings is US$33.16 million. On 26th April 2021, Mustang Energy obtained a 22.1% interest in VRFB-H under the condition of the first stage…
Direct international flights are to return to Canberra, Australia
After more than a year of no direct international flights, Canberra Airport is set to welcome back an international airline. Fiji Airways has announced it will fly between Canberra and Nadi International Airport on Fiji’s main island, with flights commencing on 30th June. Direct international flights to Canberra were halted when the pandemic took hold,…
Walmart to close four underperforming Chicago stores due to annual losses
Walmart, the world’s largest retailer, has announced the abrupt closure of four of its underperforming stores in Chicago, citing millions in annual losses. The company said that the eight Chicago stores, collectively, have not been profitable since the first store opened 17 years ago. The losses have been adding up, amounting to “tens of millions…
Invinity Energy Systems awarded £11m grant to deploy UK’s largest flow battery
LONDON, UK: Invinity Energy Systems plc, a global leader in utility-grade energy storage, has been awarded a £11m grant from the UK Department for Energy Security and Net Zero under Phase 2 of the Longer Duration Energy Storage Demonstration Competition. The funding will be used to deploy a 30 MWh vanadium flow battery (VFB), the…
Enteq Technologies has sold XXT MWD intellectual property and associated assets
LONDON, UK: Enteq Technologies plc (AIM: NTQ.L) the energy services technology and equipment supplier, announced the sale of the XXT MWD (measurement while drilling) intellectual property and the associated assets (XXT). The sale is a result of a strategic focus to improve the company’s medium term cash position to underpin investment in product line development,…
Pakistan’s cement sales decline 24% in March 2023
KARACHI, PAKISTAN: As per the recent data, total cement sales for the month of March clocked in at 3.8 mn tons vs. 5.0mn tons in the corresponding period of last year, reporting a decline of 24% YoY. The tally for 9MFY23 came in at 33.6mn tons, lower by 18% on a YoY basis. Cement sales…
Ventia awarded fibre upgrade works with NBN Co
AUCKLAND, NZ: Ventia Services Group has been awarded a significant contract with NBN Co. The contract is an extension and new scope under NBN Co’s Fibre Connect (Fibre to the Node to Fibre to the Premises) program and is expected to deliver revenue of approximately $280 million to Ventia over the next 2.5 years. The…
Clean Seas Seafood has purchased a new automated feed barge
SYDNEY, AUSTRALIA: Clean Seas Seafood Limited has purchased a new automated feed barge, designed to significantly reduce production costs, and enhance operational efficiencies, stability and productive capacity. Clean Seas has contracted with Southern Ocean Solutions to construct a new automated feed barge to be located on the Company’s 2,850 tonne capacity Arno Bay farm site….
Google adds over 800 free channels to its Google TV app
In a groundbreaking move, Google will be adding over 800 free channels to its Google TV app on the Chromecast streaming device and select TVs made by Sony, CL, Hisense, and Philips, company announced on Tuesday. This aggregation of several existing free TV services like Fox’s Tubi, Paramount Global’s Pluto TV, and Haystack News is…
Moderna forecasts $8-15 billion in sales from its respiratory vaccines by 2027
Moderna announced on Tuesday that it expects to generate between $8 billion and $15 billion in sales from its respiratory vaccines, including Covid, RSV, flu, and other respiratory illnesses, by 2027. The biotech firm also stated that it expects to see an operating profit of $4 billion to $9 billion during the same period. Moderna…