Alibaba will split its company into six business groups, each with the ability to raise outside funding and go public, in the most significant reorganization in the global e-commerce giant’s history. Each business group will be managed by its own CEO and board of directors. Alibaba said in a statement that the move is “designed…
Your Guide to Filing a Workplace Discrimination Complaint
Are you facing discrimination in the workplace? If so, you’re not alone – unfortunately, it remains a common experience for many across multiple industries. It’s important to know your rights and understand how to properly handle such situations. We want to ensure that victims of workplace discrimination seek appropriate support while encouraging employers to reduce…
WALLIX signs a technological alliance with Kleverware to strengthen cloud security
PARIS, FRANCE: WALLIX, a European cybersecurity software provider and expert in digital access and identity solutions, and Kleverware, the European pioneer and specialist in digital access and identity governance, have signed a technological alliance to strengthen the security of cloud infrastructures. By integrating their technologies, WALLIX and Kleverware offer a complete solution that maps, manages,…
Alstom to provide signalling system for Hong Kong’s Lantau Extension project
PARIS, FRANCE: Alstom, global leader in smart and sustainable mobility, and Hong Kong’s MTR Corporation formally launched the implementation of the contract for the supply of signalling system for the Lantau Extension project, comprising the Airport Express Line, the Tung Chung Line and the Siu Ho Wan Depot. Alstom’s responsibility1 includes the design, engineering, supply,…
MPC invests in a new combined heat and power project in Puerto Rico
AMSTERDAM: MPC Energy Solutions (MPCES) invests in a 2.6 MW grid-tied combined-heat-and-power plant (CHP) development project in Puerto Rico. This is the second project in Puerto Rico for MPC Energy Solutions, following the investment in its Neol CHP plant last year. The new plant will generate electricity using liquefied natural gas (LNG), improving operational efficiencies,…
Pennpetro Energy signs Horse Hill farm-in to drill new production well
LONDON, UK: Pennpetro Energy PLC (LSE: PPP), an independent oil and gas company focusing on production and development in Gonzales County, Texas, USA, has signed a binding term sheet with UKOG (137/246) Ltd and Horse Hill Developments Ltd (HHDL), both subsidiaries of UK Oil & Gas plc (collectively UKOG) to farm-in and drill the next…
Halma Plc has acquired FirePro in a €150 million deal
LONDON, UK: Halma Plc, the global group of life-saving technology companies, has acquired FirePro. FirePro is a leading designer and manufacturer of aerosol-based fire suppression systems. Its systems protect people, critical infrastructure and equipment from fire using a non-pressurised condensed aerosol technology which does not contain ozone depleting substances or fluorinated greenhouse gases and extinguishes…
Golden State Mining to sell two Cue prospecting licenses to Victory Metals
SYDNEY, AUSTRALIA: Lithium, gold and base metals exploration company Golden State Mining Limited (GSM) has entered into a binding agreement with Victory Metals Limited (VTM) for the sale of a 100% interest in tenements P20/2345 and P20/2346 at Cue, located in the Murchison region of Western Australia. Golden State’s Managing Director, Michael Moore commented: “The…
Megaport Limited appoints Michael Reid as the Chief Executive Officer
SYDNEY, AUSTRALIA: Megaport Limited, the industry-leading Network as a Service platform, has appointed Michael Reid as the Company’s Chief Executive Officer, effective 15 May 2023. Michael Reid joins Megaport from Cisco where he currently serves as Chief Revenue Officer for ThousandEyes, one of Cisco’s fastest growing SaaS businesses. Mr Reid brings over 19 years of…
WPP Plc acquires Obviously, a New York based social influencer marketing agency
LONDON, UK: WPP Plc has acquired Obviously, a technology-led social influencer marketing agency based in New York, with operations in San Francisco and Paris. Mark Read, CEO of WPP, said: “The creator economy has experienced huge growth in recent years, and it plays a pivotal role in shaping consumer behavior. The Obviously team brings an…
Ovo Energy is offering a one-year fixed tariff of £2,275 to existing customers
Ovo Energy has launches its first deal below the government’s £2,500 cap on typical household bills amid falling wholesale gas prices, which have fallen by around 80% since August last year, according to the Resolution Foundation, a living standards think tank. The leading UK energy supplier is offering a one-year fixed tariff of £2,275 to…
Barclays closes another 14 branches across UK amid shift to digital banking
Barclays will close another 14 branches at sites across the UK, two in Wales and 12 in England. It is the third time this year that Barclays has announced a set of branch closures. The latest announcement brings the total number to 58 so far this year. Barclays, Nationwide, Virgin Money, NatWest, Lloyds, Halifax and…