Elon Musk, the owner of Twitter and the founder of Tesla and SpaceX, has announced that he will step down as the CEO of the social media platform and hand over the reins to a new leader. Musk tweeted on Thursday that he has hired a new CEO for Twitter, but did not reveal the…
Avani Resources acquires 29.86% stake in Bens Creek
LONDON, UK: Bens Creek (AIM:BEN), the owner of a metallurgical coal mine in North America supplying the steel industry, has announced that Avani Resources Pte Ltd (“Avani”), a Singapore-based commodities trader and investor, has acquired a 29.86 per cent. stake in the company from its largest shareholder, MBU Capital Group Limited (“MBU”). The transaction was…
Exchange rates for GBP against major currencies on May 12, 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 1.1455 Pounds to Euros GBP-USD 1.2522 Pounds to Dollars GBP-NZD 2.0018 Pounds to New Zealand Dollars GBP-AUD 1.8705 Pounds to Australian…
Karthik Balagopalan takes charge as Puma India’s new MD
Sportswear brand Puma has appointed Karthik Balagopalan as the new managing director of Puma India, one of its fastest growing markets1. Balagopalan, who has been with the company since 2006, will take over from Abhishek Ganguly, who has decided to pursue his entrepreneurial dreams after 17 years of service. Balagopalan has a rich experience in…
Top Tips for Effective E-commerce Web Design
In 2023, many employees are seeking to escape the routine of a 9-5 working week and become their own boss. For many people, the daily tasks of answering emails, preparing for meetings, and undertaking repetitive daily small projects can become tedious over time. If you have a good understanding of modern business methods and have…
BMW to unveil next-gen 5 Series and its electric counterpart, the i5, later this month
BMW is gearing up to unveil the next-generation 5 Series and its electric counterpart, the i5, later this month. But the most anticipated model in the lineup, the new M5, will likely keep us waiting for a bit longer. The M5 is covered in a full-body camouflage wrap and cladding, making it hard to spot…
KMD Brands appoints Megan Welch as the CEO of Kathmandu
KMD Brands , Megan Welch , CEO of Kathmandu , SYDNEY, AUSTRALIA: KMD Brands Limited announced that Megan Welch has been appointed as the Chief Executive Officer (CEO) of Kathmandu. Megan will be based in Christchurch, Aotearoa New Zealand, at Kathmandu’s Head Office, and takes over from Michael Daly, Group CEO and Managing Director of…
Google unveils new Pixel devices at I/O 2023
Google has announced three new Pixel devices at its I/O 2023 developer conference today: the Pixel 7a, the Pixel tablet, and the Pixel Fold. The latter is Google’s first foldable phone and the most expensive Pixel device ever. Pixel 7a The Pixel 7a is the latest addition to Google’s A-series of affordable phones. It costs…
Lavita AI secures $5 million in seed funding to further develop its AI+Web3 platform
San Francisco-based Lavita AI has announced that it has raised $5 million in seed funding to develop its AI+Web3 healthcare platform. The round was led by Camford Capital, with participation from a group of angel investors from the blockchain and AI industries. The platform is designed to be patient-driven, providing secure sharing of health data….
VINCI acquires 55% Stake in Entrevias, securing concession for Brazil’s toll motorway sections
PARIS, FRANCE: French construction and concessions company VINCI has acquired a 55% stake in Entrevias, a Brazilian toll motorway concession, from Patria, a Brazilian fund. VINCI Highways, a subsidiary of VINCI Concessions, will hold the concession for two toll motorway sections in Brazil until 2047. The motorway sections span 570 km across the state of…
Exchange rates for GBP against major currencies on May 11, 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 1.1514 Pounds to Euros GBP-USD 1.2608 Pounds to Dollars GBP-NZD 1.9816 Pounds to New Zealand Dollars GBP-AUD 1.8649 Pounds to Australian…
China’s Consumer Price Index slows down to 0.1% in April, short of economists’ expectations
China’s consumer price index rose 0.1% in April, marking the slowest increase since early 2021, according to data released by the National Bureau of Statistics. The month-on-month data showed prices actually declined by 0.1%. Economists had anticipated a 0.4% year-on-year increase and no change from the previous month. However, core inflation, which excludes food and…