Elon Musk’s Crypto Endorsement and Political Moves Elon Musk, the Tesla billionaire, has recently endorsed bitcoin and backed Howard Lutnick for Trump’s Treasury secretary. This move comes amid Musk’s warnings about U.S. government spending and potential financial emergencies. His endorsement of Donald Trump has sparked anger among some Tesla owners, leading them to buy anti-Musk…
Volex Plc makes offer to acquire TT Electronics
Volex plc, a global leader in power and data connectivity solutions, has made two proposals to acquire TT Electronics. The first proposal included 62.9 pence in cash and 0.203 new Volex shares per TT Electronics share, valuing each share at 129.0 pence. The second proposal offered 62.9 pence in cash and 0.223 new Volex shares…
Findi to acquire Tata Communications Payment Solutions for A$75.7 million
SYDNEY: Findi Limited (ASX: FND), a digital payments and financial services provider, announced that its majority-owned subsidiary, Transaction Solutions International (India) Pvt Ltd (TSI), has signed a binding agreement to acquire Tata Communications Payment Solutions Ltd (TCPSL), a subsidiary of Tata Communications, for A$75.7 million. The deal requires approval from the Reserve Bank of India…
Gold jewelry demand declined over 50% in the last 5 years
Gold prices have surged 238% in last five years Consumers face pressure from a punishing cost of living and this, combined with gold price strength, generated a drop in demand for gold jewelry. Habib ur Rehman, an office bearer of Pakistan Gems & Jewelry Traders and Exports Association, said people were not buying jewelry anymore.…
Boku signs new commercial agreement with Amazon Japan
LONDON: Boku Inc (AIM: BOKU), a leading global provider of mobile payment solutions, has entered into a new commercial agreement with Amazon Japan G.K. to supply digital wallet and other local payment methods to Amazon JP. The new agreement with Amazon JP enables the processing of payments for Amazon JP sales through the amazon.co.jp website. …
Alistair Phillips-Davies, Chief Executive of SSE plc, to retire
LONDON: Alistair Phillips-Davies, Chief Executive of SSE plc, has informed the Board that he intends to retire from SSE during 2025 after more than 11 years of leading the company. Alistair will remain in place until a successor is appointed to ensure a smooth and orderly transition, and he and the rest of the executive…
Strategic review of gold and minerals joint venture in Saudi Arabia
LONDON: KEFI, the gold and copper exploration company, has provided an update on its joint venture, Gold and Minerals SLA (GMCO), in Saudi Arabia with majority partner Abdulrahman Saad AlRashid & Sons (ARTAR). The partners are conducting a strategic review, resulting in KEFI deciding to reduce its stake in GMCO from 25% to 15% instead…
Just Eat Takeaway.com sells Grubhub to Wonder Group for $650 million
LONDON: Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY) has entered into a definitive agreement to sell Grubhub Inc. to Wonder Group, Inc. for an enterprise value of USD650 million. Transaction highlights · Agreement to sell Grubhub to Wonder for an enterprise value of USD650 million; · Grubhub will be transferred with its USD500 million…
Lake Resources sells non-core lithium assets in Argentina for $9 million
SYDNEY: Lake Resources N.L. (ASX:LKE; OTC:LLKKF) has announced the sale of three non-core lithium brine assets in Argentina to Austroid Corporation for $9 million USD (approximately $13.6 million AUD). The assets, located in Jujuy Province, include Paso de Jama, Olaroz, and Cauchari. The transaction will provide Lake Resources with additional liquidity to support its flagship…
Bell Financial Group offers to acquire SelfWealth Ltd for $51 million
SYDNEY: Bell Financial Group Ltd (BFG) announces that, following constructive engagement with SelfWealth Ltd (ASX:SWF), it has made a non-binding proposal to the SWF board of directors to acquire 100% of SWF for $0.22 per share by scheme of arrangement valuing SWF at approximately $51 million. The SWF board has agreed to progress negotiations of…
Bureau Veritas acquires Versatec Energy to bolster renewables push
PARIS, FRANCE: Bureau Veritas, the global testing, inspection, and certification giant, announced today the acquisition of Versatec Energy B.V., a Dutch technical advisory firm specializing in the offshore and onshore energy sectors. This strategic move aligns with Bureau Veritas’ LEAP | 28 strategy, aiming to strengthen its foothold in the rapidly growing renewables market and underscore…
AstraZeneca invests $3.5 billion in R&D and manufacturing in the United States
LONDON: AstraZeneca today announced $3.5 billion of capital investment in the United States focused on expanding the Company’s research and manufacturing footprint by the end of 2026. This includes $2 billion of new investment creating more than a thousand new, high-skilled jobs contributing to the growth of the US economy. AstraZeneca’s expanding footprint in the…