PARIS, FRANCE: Atos’ business division, Tech Foundations, held an Analyst Day event today to showcase its successful transformation plan and announce upgraded ambitions for 2026. The division focuses on managed services, with a particular emphasis on hybrid cloud infrastructure, employee experience, and technology services. Nourdine Bihmane, CEO of Atos Group and co-CEO in charge of…
Nanoveu’s Nanoshield Solar makes US market debut with trial installation in Tennessee
SYDNEY, AUSTRALIA: Nanoveu Limited, a company specializing in protective films and coatings, has announced its entry into the US market with the first trial installation of Nanoshield Solar technology. The company has signed a Memorandum of Understanding (MOU) to establish a demonstration and test facility in McMinnville, Tennessee, USA. This installation will serve as the…
Vection Technologies agrees to acquire the business of Invrsion S.r.l
SYDNEY, AUSTRALIA: Vection Technologies Ltd (A5X:VR1, OTC:VCTNY), the integrated extended reality (XR) company, has announced the signing of a binding agreement to acquire the business of Invrsion Srl, a leading technology company focused on 3D and mixed reality solutions for the fashion, retail consumer goods, and real estate sectors. This strategic acquisition strengthens Vection Technologies’…
WE Soda confirms intention for initial public offering, reveals offer details
LONDON, UK: London-based WE Soda, the world’s largest producer of natural soda ash, has officially announced its plan to undertake an initial public offering (IPO) following its previous indication. The company aims to list its shares on the premium segment of the Official List of the Financial Conduct Authority and trade on the London Stock…
Subway Unveils Ambitious Expansion Plan to Multiply Its Presence in China by Sevenfold
In a major move that has caught the attention of the global fast-food industry, Subway, the renowned sandwich chain, has announced its plans to significantly expand its operations in China. The company revealed on Tuesday its intention to open nearly 4,000 new stores across mainland China over the next two decades. This endeavor will result…
Exchange rates for GBP against major currencies on June 7, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1622 Pounds to Euros GBP-USD 1.2419 Pounds to Dollars GBP-NZD 2.0451 Pounds to New Zealand Dollars GBP-AUD 1.8598 Pounds to Australian…
Payroll Software Developer Immedis Acquired by UKG in Deal Facilitated by Terry Clune
Kilkenny, Ireland: Renowned businessman Terry Clune has announced the sale of Immedis, a leading payroll software developer, to UKG, a prominent US multinational. The transaction, confirmed by both companies on Tuesday, is set to be finalized within the next two months. Immedis, a subsidiary of Clune’s Clunetech group based in Kilkenny, specializes in providing software…
U.S. Securities and Exchange Commission (SEC) on a rampage against crypto trading platforms
Washington, D.C.: The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Coinbase, the largest cryptocurrency exchange in the United States, accusing the company of operating unlawfully by failing to register with the regulatory agency. This legal action marks the SEC’s second lawsuit in as many days targeting a major cryptocurrency exchange, following…
GFH Ratings Affirmed by Fitch at ‘B’; Outlook Stable
Manama: GFH Financial Group (“GFH” or “the Group”) today announced that Fitch Ratings has affirmed its Long- and Short-Term Issuer Default Ratings (IDR) at ‘B’. The Outlook on the Long-Term IDR is Stable. Fitch has also affirmed the senior unsecured long-term rating of the US$500 million sukuk due 2025 issued through GFH Sukuk Company Limited…
Ford Motor Co Announces Expansion of Recall for SUVs and Trucks Due to Fire Risk
Dearborn, Michigan: Ford Motor Co has announced an expansion of its recall, affecting approximately 125,000 sport utility vehicles and trucks, due to potential engine failures that could lead to a fire hazard. The recall encompasses certain models of the Escape and Lincoln Corsair SUVs, as well as the Maverick compact pickup trucks from the 2020-2023…
Microsoft Settles with FTC for $20 Million Over Illegal Collection of Children’s Personal Information
Redmond, Washington: Microsoft has agreed to pay a settlement amount of $20 million (£16 million) to the US Federal Trade Commission (FTC) to resolve charges of illegally collecting personal information from children without parental consent. The tech giant was accused of violating the US Children’s Online Privacy Protection Act (COPPA) by collecting and retaining personal…
ADNOC Drilling expands offshore jack-up rig fleet with acquisition of two premium units
ABU DHABI, UAE: ADNOC Drilling Company has announced the signing of an agreement to acquire two high-specification Gusto MSC CJ46 design offshore jack-up drilling units. The acquisition, totaling $220 million, is in line with the company’s fleet expansion and growth strategy and will significantly contribute to ADNOC’s accelerated production capacity growth. The two premium rigs…