SYDNEY, AUSTRALIA: Beston Global Food Company (ASX:BFC) intends to discontinue and divest its Provincial Food Group (PFG) meat and plant-based meats secondary process business, its Aqua-Essence water assets and business and its Technology business. The sudden and dramatic escalation in inflationary pressures in Australia over recent months (particularly around energy prices, insurance costs and interest…
Helloworld Travel to acquire Express Travel Group for $70 million
SYDNEY, AUSTRALIA: Helloworld Travel Limited (ASX: HLO) has agreed to acquire 100% of Express Travel Group (ETG) in Australia and New Zealand from current owners Tom Manwaring and Sintack Pty Ltd for $70 million. Founded as Orient Express Travel Group in 1983, Tom Manwaring joined in 2000 after 29 years with Cathay Pacific and took…
How Are Robots Making Workspaces More Efficient And Worker-Friendly
Robots have revolutionized various industries, and their impact on workspaces is undeniable. From manufacturing to healthcare and beyond, robots are making workspaces more efficient and worker-friendly. Let’s delve into six key points that highlight how robots are transforming the modern workplace. Streamlining Repetitive Tasks One of the most significant advantages of Robotic Process Automation (RPA)…
Go Over These 8 Things Before Starting a Business
Starting a business can be thrilling and intimidating, but if you plan correctly, you can make sure your venture takes off on the right foot. Planning is essential in ensuring future success for any business, big or small. Considering all the components involved – from finances to marketing strategies – aspiring entrepreneurs should consider many…
TotalEnergies and VNG join forces on green hydrogen to decarbonize the Leuna Refinery
PARIS, FRANCE: TotalEnergies and VNG, a German natural gas distribution company, have signed an agreement to initiate the future supply of green hydrogen to the Leuna refinery operated by TotalEnergies. Under the agreement, green hydrogen will be produced from renewable electricity with a 30 MW electrolyzer in Bad Lauchstädt, built and operated by VNG with…
Veon to invest $600 million in Ukraine’s Kyivstar amid war
Veon, a global telecoms company, said on Wednesday it would invest $600 million in the infrastructure of its Ukrainian subsidiary Kyivstar, the country’s largest mobile network, which has been damaged by the ongoing war with Russia. The Amsterdam-listed company said the funds would help upgrade Kyivstar’s infrastructure, including improving connectivity and 4G services throughout Ukraine,…
Intel to sell 20% stake in IMS Nanofabrication to Bain Capital for $860 million
Intel Corporation announced on Wednesday that it has agreed to sell an approximately 20% stake in its IMS Nanofabrication GmbH (IMS) business to Bain Capital Special Situations, in a transaction that values IMS at approximately $4.3 billion. IMS is a global market leader for multi-beam mask writers, which are critical equipment for the semiconductor industry. IMS…
Bluestep Bank acquires Norwegian specialist mortgage bank Bank2 for NOK 1 billion
OSLO,NORWAY: Bluestep Bank AB , a Swedish specialist mortgage provider, has announced that it has entered into an agreement to acquire Bank2 ASA (Bank2), a Norwegian specialist mortgage bank and refinancing services provider, for around NOK 1 billion. Bank2 is a bank that provides specialist mortgages and refinancing services exclusively for the Norwegian market. The…
European Lithium acquires three lithium projects in Austria
SYDNEY, AUSTRALIA: European Lithium Limited (ASX: EUR, FRA PF8, OTC: EULIF) has announced the completion of the acquisition of three lithium projects in Austria from a subsidiary of Richmond Minerals Inc. (TSX-V: RMD). The projects cover 114.6 km2 of underexplored ground with known lithium occurrences in the Styria mining district, about 70km north of the…
Ronin Resources acquires lithium project in Ontario and raises $300k
LONDON, UK: Ronin Resources Limited (ASX: RON), a diversified mineral exploration company, has announced that it has entered into binding agreements to acquire 100% of the issued capital in Ontario Battery Metals Pty Ltd (OBM), which owns the Hornby Lake Project, a lithium exploration project in Ontario, Canada. The Hornby Lake Project consists of 622…
ANO launches sun-powered EcoZinc powder for mineral sunscreens
SYDNEY, AUSTRALIA: ANO, a manufacturer of zinc oxide powders for sunscreens, has launched its sustainable “EcoZinc” — ZinClear XP Powder, which is 100% powered by the sun. The company is installing more solar panels to increase its green energy production and intends to charge a 20% premium for this product. The EcoZinc powder has been…
Pacific Current Group sells its stake in Proterra Asia to Challenger
SYDNEY, AUSTRALIA: Pacific Current Group Limited (ASX:PAC) has sold its investment in Proterra Investment Partners Asia PTE. Ltd. (Proterra Asia), a subsidiary of Proterra Investment Partners LP (Proterra), to Challenger Funds Management Holdings Pty Limited, a subsidiary of Challenger Limited (ASX:CGF), an Australian-based investment management firm. Pacific Current will receive approximately US$8.25 million in the…