OSLO, NORWAY: Norwegian Air Shuttle announced that it will enter into a partnership with Strawberry (former Nordic Choice Hotels), which offers a wide range of leading hotels, restaurants and spas, including over 225 hotels across the Nordics. The companies will develop a stand-alone entity that will provide added value to the members of the companies’…
Asta Sihvonen-Punkka appointed Fingrid’s President & CEO
LONDON, UK: Fingrid’s current Executive Vice President Asta Sihvonen-Punkka has been appointed as Fingrid’s President & CEO as of 1 January 2024. She joined the company in 2016. Sihvonen-Punkka will take over the reins at the turn of the year when the current President & CEO Jukka Ruusunen retires. Sihvonen-Punkka, Lic. Econ., M.For, is a…
Australians spent over $4 billion on video games in 2022
The Australian video game industry reached a new record of $4.12 billion in consumer spending in 2022, according to new data from the Interactive Games and Entertainment Association (IGEA). The data, based on research by Sparkers and Newzoo, showed that Australians spent more on digital purchases, video game subscriptions and retail hardware and software than…
Biden administration announces $1.35 billion for high-speed broadband in Louisiana
The Biden administration has announced a plan to connect every person in America to high-speed internet by 2029, with $1.35 billion allocated for Louisiana. The money will be used to build fiber optic lines in rural areas, such as Sunset, where Vice President Kamala Harris visited in March and met with residents who lack reliable…
Ignitis to acquire up to 300 MW onshore wind development project in Lithuania
LONDON, UK: AB Ignitis grupė subsidiary UAB Ignitis renewables has signed a conditional sale and purchase agreement with UAB “E energija” for the acquisition of 100% of the shares in its two companies developing an onshore wind farm in the Kelmė district. The wind farm’s capacity is estimated to reach up to 300 MW. The…
Electric truck maker Lordstown Motors goes bankrupt and sues Foxconn
Lordstown Motors (RIDE.O), a U.S. electric truck manufacturer, has filed for bankruptcy protection and put itself up for sale after a dispute with Taiwan’s Foxconn over a promised investment. The company filed for Chapter 11 protection in Delaware on Tuesday and sued Foxconn in the same court, accusing the electronics giant of fraud and breach…
Rapid Nutrition advances production of flagship brands to enter thriving Asia Pacific market
PARIS, FRANCE: Rapid Nutrition PLC (Euronext Growth: ALRPD), a leading global natural wellness company, is making significant strides in the production and distribution of its flagship weight loss brand SystemLS and its patented herbal immunity formula Azurene, with a strong focus on entering the thriving Asia Pacific market. Building on the recent funding agreement with…
CLS announces the sale of three properties at 7.5% above valuation
LONDON, UK: CLS announces that it has unconditionally exchanged or completed on three property disposals for a total of £49.0 million excluding costs at an average of 7.5% above 31 December 2022 valuations. CLS has unconditionally exchanged contracts to sell Westminster Tower, Albert Embankment to Australian developer Third.i with expected completion in September 2023. Having…
Asia Strategic Holdings to launch coding schools for kids in Vietnam and Myanmar
LONDON, UK: Asia Strategic Holdings Ltd. (LSE: ASIA), a developer and operator of consumer businesses in emerging Asia, has announced that it has signed an exclusive franchising deal with Logiscool, kft, a Hungarian company that teaches coding and digital literacy to children in fun-based after-school centres. Logiscool has over 185,000 students across about 170 locations…
Arecor Therapeutics granted key patents in Europe and China
CAMBRIDGE, UK: Arecor Therapeutics plc (AIM: AREC), the biopharmaceutical group advancing today’s therapies to enable healthier lives, announced that the European Patent Office has granted a key patent (EP3518892), protecting novel formulations of the Group’s proprietary insulin products, AT278 and AT247. In addition, the China National Intellectual Property Administration has granted a further patent (CN110582285)…
Aukett Swanke appoints Freddie Jenner as Chief Operating Officer
LONDON, UK: Aukett Swanke Group plc (AIM: AUK), the UK-listed Smart Buildings Group, announced the appointment of Freddie Jenner FCCA to the Board as Chief Operating Officer, with immediate effect. Freddie joined the finance team at what is now Torpedo Factory Ltd in 2007, becoming Finance Director of the parent company Torpedo Factory Group Limited…
Eleco Plc acquires project management software firm BestOutcome for £4.825m
LONDON, UK: Eleco Plc (AIM: ELCO), a specialist software provider for the built environment, has announced that it has bought BestOutcome Limited, a UK-based SaaS business that offers project portfolio management (PPM) software, for an initial cash consideration of £4.825m (an adjusted initial value of £3.525m on a cash-and-debt-free equivalent). The deal will be funded…