The government has announced that it will extend the £2 bus fare cap for bus services outside London until the end of October, as part of its Help for Households initiative to ease the cost of living pressures. The cap, which was introduced in January and was due to expire at the end of September,…
Arkema to acquire Polytec PT to boost its solutions for batteries and electronics
PARIS, FRANCE: Arkema, a global leader in specialty materials, has announced its plan to acquire Polytec PT, a German company that develops thermal interface materials and engineering adhesives for batteries and electronics. The acquisition will strengthen Arkema’s Bostik segment, which offers adhesive solutions for various markets. Polytec PT, which has one main production site in…
Silverbullet partners with Silverpush to boost cookieless advertising solutions
LONDON, UK: Silverbullet, a digital transformation services and products company that owns 4D, a contextual advertising platform, has announced a new partnership with Silverpush, a global leader in cookieless advertising solutions. The partnership aims to expand 4D’s reach to global advertisers and agencies by leveraging Silverpush’s network of 18 offices worldwide and its AI-powered hyper-contextual…
4GLOBAL and Jonas Fitness partner to offer data-driven software solutions to fitness industry
LONDON, UK: 4GLOBAL Plc, a UK-based data, services and software company, announced the signing of a strategic partnership to exploit a multi-million US dollar opportunity with Jonas Fitness Inc, part of Jonas Software, a worldwide Constellation Software company. Constellation Software is an international provider of market-leading software and services to several industries generating consolidated revenues…
Admiral Acquisition Limited goes public with $550 million IPO
LONDON, UK: Admiral Acquisition Limited, a blank check company founded by a group of seasoned investors and entrepreneurs, has successfully completed its initial public offering (IPO) on the London Stock Exchange, raising $550 million to pursue its acquisition strategy. The company, which is registered in the British Virgin Islands, sold 53.95 million ordinary shares at…
Petrichor Partners LP to acquire Egdon Resources plc for £26.64 million
LONDON, UK: Petrichor Partners LP has agreed to acquire Egdon Resources plc at the rate of 4.5 pence for each Egdon Resources share valuing the acquisition at £26.64 million. Petrichor, a partnership of which the general partner is HEYCO International, Inc., is a wholly owned subsidiary of HEYCO Energy Group, Inc.. The ultimate parent company…
EU approves landmark crypto rules, urges others to follow
The European Union has adopted the world’s first comprehensive set of rules to regulate cryptoassets, setting a global standard and putting pressure on other countries to catch up. The rules, which were approved by EU finance ministers on Tuesday, aim to protect investors, prevent money laundering and terrorism financing, and ensure fair taxation in the…
Meta launches paid verification service in the UK
Meta, the parent company of Facebook and Instagram, has started offering a paid verification service in the UK that gives users a blue tick on their profiles for £9.99 per month. The service, called Meta Verified, is similar to Twitter Blue, the premium subscription launched by Elon Musk last year. It aims to provide users…
Apple to Make iPhone 16 Pro Models Larger to Fit Periscope Lens
Apple is reportedly planning to make the Pro models of the iPhone 16 collection a bit larger than earlier models to create space for the periscope lens. The periscope lens is a new type of camera lens that can provide greater optical zoom than traditional lenses. It does this by using a prism to bend…
Pakistani Chaunsa mango to land in Europe and Middle East in the first week of July
Pakistani Chaunsa mango will land in Europe and Middle East in the first week of July, Patron All Pakistan Fruits and Vegetables Exporters Association Waheed Ahmed said on Tuesday. Mango exports from Pakistan are due to start on May 20, 2023 in accordance with the government’s strictly timed export policy. Chaunsa comes later. Exporters said…
Quantum computing to tackle combustion challenges
PARIS, FRANCE: A research project, funded by the French Defense Innovation Agency, aims to develop the first hybrid quantum-classical platform to simulate the complex phenomenon of combustion and its applications. The project, called VulQain, is a collaboration between Eviden, an Atos business, ColibrITD, a quantum software start-up, and ONERA, the French aerospace research center. The…
EHC and Croma-Pharma revise business combination agreement, adjust valuation to €712.5 million
AMSTERDAM: EHC and Croma-Pharma GmbH (Croma) have amended their business combination agreement, adjusting the enterprise value of Croma to €712.5 million from €850 million. The changes involve transferring 20% of Sponsor Shares to EHC for cancellation and increasing the exercise price of 20% of Sponsor Warrants. The amendments aim to align stakeholder interests and attract…