The National Highway Traffic Safety Administration (NHTSA) announced on Wednesday that it plans to require all new passenger cars and light trucks to have automatic emergency braking systems by 2026. The agency said the new rule will make the braking systems more effective at higher speeds and better at avoiding pedestrians, especially at night. The…
Cadillac GT4 Coupe-SUV Debuts in China
Cadillac has unveiled a new coupe-style SUV called the GT4 for the Chinese market. The GT4 is based on the same platform as the XT4 and XT6, but it has a more stylish and sporty design. It is also the first Cadillac model to be offered with a 33-inch curved display. The GT4 is powered…
How the crypto market can bounce back from its slump
The global cryptocurrency market capitalization stood at $1.2 trillion as of May 31, 2023, down from $2.9 trillion at its peak in November 2021. It is important to note that cryptocurrencies are a new and volatile asset class, and there is a risk of loss when investing in them. Therefore, it is important to do…
ANZ Group welcomes Holly Kramer as new Non-Executive Director
LONDON, UK: The Chairman of the ANZ Group, Paul O’Sullivan announced Holly Kramer will join the Boards of ANZ Group Holdings Limited (ANZ), Australia and New Zealand Banking Group Limited and certain other subsidiaries on 1 August 2023 as a Non-Executive Director, subject to meeting regulatory requirements. Holly Kramer is an experienced Non-Executive Director, having…
Savannah Energy signs gas purchase deal with AMOCON
LONDON, UK: Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter, is pleased to announce that the Company’s 80% indirectly owned subsidiary, Accugas Limited, has entered into a Natural Gas Sales and Purchase Agreement (the “NGSPA”) with Amalgamated Oil Company Nigeria Limited (“AMOCON”) for gas produced in the OML…
Prudential appoints Ben Bulmer as Chief Financial Officer
LONDON, UK: Prudential plc announced the appointment, subject to regulatory approval, of Ben Bulmer as Chief Financial Officer. Mr Bulmer is currently CFO, Insurance and Asset Management, having previously served as Chief Financial Officer of Prudential Corporation Asia. He has extensive experience of the Group, having served in a variety of leadership positions across the…
Taylor Maritime Investments appoints new Chair and restructures management team
LONDON, UK: Taylor Maritime Investments Limited, the specialist dry bulk shipping company, has announced that Henry Strutt has been appointed as non-Executive Chair of the Company with effect from 1 June 2023. Henry brings extensive financial services experience from his time spent in senior positions at several financial institutions, including Robert Fleming Group of Companies,…
Anglo American announces senior management and organisational changes
LONDON, UK: Anglo American plc, one of the world’s largest mining companies, has announced a number of changes to its senior management team and to its organisation, to lead the next phase of value delivery. The changes include the appointment of new executives for some of its key functions and business segments, such as De…
Barratt Developments signs Scottish Safer Buildings Accord
LONDON, UK: Barratt Developments plc, one of the largest residential property development companies in the United Kingdom, has announced that it has signed the Scottish Safer Buildings Accord, an industry commitment supporting the remediation and / or mitigation of external wall cladding systems on buildings of 11 metres and above, in Scotland. The Accord is…
National Bank reports 5% drop in net income for Q2 2023
MONTREAL: National Bank of Canada, one of the country’s largest banks, has reported a 5% decrease in net income for the second quarter of 2023, compared to the same period last year. The bank’s net income for the quarter stood at $847 million, or $2.38 per diluted share, down from $889 million, or $2.53 per…
TotalEnergies signs production sharing contract for the Agua Marinha offshore block
PARIS, FRANCE: TotalEnergies and its co-venturers Petrobras, QatarEnergy and PETRONAS Petróleo Brasil Ltda (PPBL) have signed on 31 May 2023 the Production Sharing Contract (PSC) for the Agua Marinha block, which was awarded in the Open Acreage under Production Sharing Regime – 1st Cycle held by Brazil’s National Petroleum Agency (ANP) in December 2022. Agua…
Kerry Group acquires Colombian natural functional systems company Proexcar
LONDON, UK: Kerry Group plc, the global taste & nutrition company, has acquired 100% of the share capital of Proexcar S.A.S. for an initial consideration of US$44 million subject to routine closing adjustments, with a potential additional payment of up to US$18 million payable in 2025 based on achieving earn-out conditions. Proexcar is a Colombian…