LONDON, UK: ITV is investing in pet health and wellness company PitPat and adding the company to its Media for Equity portfolio in its second investment of 2023. As part of ITV Adventures Invest, its Media for Equity investment fund, ITV has agreed to subscribe for £3 million of shares in Pitpatpet Ltd, with the…
Meta fined $1.3 billion for violating EU Privacy Laws
Meta, the parent company of Facebook, has been fined a record-breaking €1.2 billion ($1.3 billion) by European Union regulators for violating EU privacy laws by transferring the personal data of Facebook users to servers in the United States. The European Data Protection Board (EDPB) announced the fine in a statement Monday, saying it followed an…
Neeva, the ad-free search engine, to shut down
Neeva, a search engine that offered users an advert- and tracker-free experience for a monthly fee, has announced that it will close on 2 June. The company, founded by a former Google ad executive, said it failed to convince enough users to switch from the dominant players in the search market. Neeva was launched in…
OMV Petrom secures EUR 39 million financing for green hydrogen project
LONDON, UK: OMV Petrom, the largest integrated energy company in Southeast Europe, has announced that it has signed a financing contract with the Ministry of Energy for the construction of a green hydrogen production capacity by water electrolysis at the Petrobrazi refinery. The contract is part of the National Plan for Recovery and Resilience and…
Compre buys workers’ comp legacy portfolio from SUNZ Insurance
LONDON, UK: Compre Group Holdings Limited, the Bermuda headquartered international legacy group, has announced that it has agreed to buy a workers’ compensation legacy portfolio from SUNZ Insurance Company (SUNZ) for an undisclosed sum. The deal, which has been approved by the Bermuda Monetary Authority, is structured as a loss portfolio transfer and has been…
Volvo Trucks and Holcim Sign Letter of Intent for 1,000 Electric Trucks
Volvo Trucks and Holcim, a Swiss building solutions provider, have signed a letter of intent for the delivery of 1,000 electric trucks over the next seven years. The deal is the largest commercial order to date for Volvo electric trucks. The first 130 trucks will be delivered during the fourth quarter of 2023 and throughout…
Exchange rates for GBP against major currencies on May 22, 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 1.1496 Pounds to Euros GBP-USD 1.2438 Pounds to Dollars GBP-NZD 1.9821 Pounds to New Zealand Dollars GBP-AUD 1.8749 Pounds to Australian…
TAQA to invest in Uzbekistan’s power sector in partnership with the government
ABU DHABI, UAE: Abu Dhabi National Energy Company PJSC (TAQA), one of the largest listed integrated utilities in the region, has signed a strategic framework agreement and an implementation agreement with the Government of Uzbekistan to explore strategic opportunities for investment in Uzbekistan’s power sector. These opportunities include new and existing power plants as well…
BlueScope announces feasibility study for new Electric Arc Furnace in New Zealand
AUCKLAND, NEW ZEALAND: BlueScope Steel has announced an accelerated feasibility study to build a new electric arc furnace (EAF) at its New Zealand Steel (NZ Steel) works at Glenbrook, south of Auckland. The EAF, targeted to be operational by 2026, will be co-funded by the New Zealand Government to produce lower emissions steel. The EAF…
Osmond Resources to acquires Salt Wells Lithium-Borate Project in Nevada
SYDNEY, AUSTRALIA: Osmond Resources (ASX:OSM) has entered into a Deed of Assignment and Assumption Agreement to assume exclusive earn-in rights to acquire the Salt Wells lithium-borate Project located in Nevada, U.S. The Salt Wells Project is a prospective lithium-borate project located in the prolific Clayton Valley basin in Nevada. The project is adjacent to Albemarle…
Chesnara partners with SS&C Technologies for UK policy administration
LONDON, UK: Chesnara plc, the European life and pensions consolidator, has announced a long term strategic partnership with SS&C Technologies (“SS&C”), a global provider of software and technology services to the financial service industry, to provide policy administration services to its UK division. The partnership will give Chesnara access to SS&C’s front-to-back office servicing model…
Oncimmune sells its diagnostic business to Freenome for £13 million
LONDON, UK: Oncimmune Holdings has sold its diagnostic business, including the EarlyCDT® Lung blood test and antibody platform, to Freenome Holdings, a US-based biotechnology company developing a multiomics platform for early cancer detection and intervention. The deal is worth £13M in cash and is expected to be completed in the coming weeks. Oncimmune will retain…