Detroit: The wholesale prices of used vehicles in U.S. experienced a decline for the first time this year due to the increase in the production of new cars and trucks by automakers. According to a report released by Cox Automotive on Friday, there was a 3% decrease in wholesale prices from March to April, marking…
Groupe SEB acquires Swiss culinary appliance company Pacojet
PARIS, FRANCE: Groupe SEB, a French multinational company specializing in small household appliances, has announced its acquisition of Pacojet, a Swiss family-owned company that specializes in developing and marketing a revolutionary culinary appliance. Pacojet’s unique emulsifier has been a favorite of chefs for thirty years and has helped establish the company’s global reputation as a…
Nexans awarded 1.7bn EUR frame agreement by TenneT to connect offshore wind farms in Germany
PARIS, FRANCE: Nexans, a leader in the design and manufacturing of cable systems and services, has been awarded a frame agreement by TenneT, the Transmission System Operator (TSO) for the Netherlands and a significant part of Germany. Under this frame, Nexans will be responsible for three grid projects, connecting the future offshore wind farms BalWin…
Shell orders two hydrogen fuel cell hybrid systems from Proton Motor Power Systems
LONDON, UK: Proton Motor Power Systems, the designer and producer of fuel cells and fuel cell electric hybrid systems, has received an order from Shell Deutschland Oil for two “HyShelter® 240” containerised hydrogen fuel cell hybrid systems. The hydrogen-based power plant is suitable for off-grid installations where there is no or insufficient infrastructure, and as…
Darktrace Plc appoints Elaine Bucknor as Non-Executive Director
Elaine Bucknor has been appointed as a Non-Executive Director of Darktrace plc (DARK.L) and its subsidiaries, effective June 1, 2023. Darktrace is a global leader in AI-powered cybersecurity. Bucknor has more than 25 years of experience in the technology industry and was previously an integral part of Sky’s senior leadership team, where she worked for…
ASLI sells northern Spain warehouse for €18.5m, 3% above valuation
LONDON, UK: abrdn European Logistics Income plc (ASLI) has completed the sale of a 32,645 sqm warehouse in Leon, Northern Spain, to SCPI Iroko Zen for €18.5m, 3% above the 31 December 2022 valuation. The property was acquired by ASLI for €15.3m in 2018 and is currently leased to Decathlon. This sale marks ASLI’s first…
Halma Plc agrees to acquire Sewertronics for upto £52 million
LONDON, UK: Halma Plc, the global group of life-saving technology companies, has agreed to acquire Sewertronics Sp. Z o.o. (Sewertronics). Sewertronics’ technology repairs and rehabilitates wastewater pipelines without the need to dig a trench, by inserting a lining into the pipe, which is then cured using its innovative and patented ultraviolet (UV) LED technology. This…
Corcel Plc announces sale of 20% interest in Mt. Weld Rare Earth Element project
Corcel Plc, a UK-based extractive industries exploration and development company, has announced the sale of a 20% interest in its Mt. Weld Rare Earth Element project to Extraction Srl, an Italian private company, for AUD$1,000,000. Extraction Srl is a shareholder in Corcel, currently holding an interest of 9.61%. The sale has been agreed with the…
Ithaca Energy signs agreement to market Shell UK’s 30% stake in Cambo Field
LONDON, UK: Ithaca Energy, a leading North Sea oil and gas operator, has signed an agreement with Shell U.K. Limited to market Shell’s 30% working interest in the Cambo field, the second-largest undeveloped oil and gas discovery in the UK North Sea. The field is located in the West of Shetland region and offers long-term…
Splitit Payments signs collaboration with Visa
SYDNEY, AUSTRALIA: Splitit Payments Limited, the only white-label instalment solution that allows consumers to pay over time with their existing credit on their eligible cards, has signed a new two-year partnership agreement with Visa to pilot an enhanced instalment solution upon which the companies have collaborated to optimize consumer experience for Visa Instalments embedded in…
Apple Arcade adds 20 new games, including exclusive TMNT title and What The Car?
Apple has just added 20 new and classic titles to its Apple Arcade games library, giving subscribers even more options to choose from. One of the most exciting new additions is a Teenage Mutant Ninja Turtles game that’s exclusive to Apple Arcade. In TMNT Splintered Fate, players can team up with allies to take on…
Google confirms Pixel Fold’s existence in official teaser ahead of I/O event
After months of rumors and leaks, Google has finally confirmed the existence of its first foldable phone, the Pixel Fold. The company released a video on Twitter and YouTube that showcased the highly anticipated device in an official capacity for the first time. Google had initially planned to unveil the Pixel Fold at its annual…