Electric car sales jumped to more than 10 million last year, with China accounting for roughly 60% of the market, according to a report from the International Energy Agency published Wednesday. The record sales figures, contained within the IEA’s Global EV Outlook for 2023, continue a trend of sustained growth for the industry. “Electric car…
Sonic Healthcare acquires Medical Laboratories Duesseldorf for €180 million
SYDNEY, AUSTRALIA: Sonic Healthcare Limited, one of the largest medical diagnostics companies in the world, has announced its acquisition of Medical Laboratories Duesseldorf (MLD), a leading clinical laboratory in the capital of Germany’s most populous state. The laboratory is expected to generate revenues of approximately €50 million in FY2024 and employs around 300 staff, including…
Maas Group to acquire controlling share in Austek Asphalt
SYDNEY, AUSTRALIA: Maas Group Holdings Limited (ASX:MGH) has announced that it has agreed to acquire 75% of the issued share capital of the Austek group of companies (Austek), a leading provider of asphalt repairs, road maintenance and rehabilitation, and spray seal services. Austek Asphalt was founded in 2010 as a small asphalt bobcat business in…
Great Northern Minerals acquires two highly prospective lithium projects in Finland
SYDNEY, AUSTRALIA: Great Northern Minerals Limited (ASX: GNM) has announced its acquisition of two Reservation Permits covering approximately 536.3 km2 of highly prospective lithium terrain in Southern Finland. The move comes after the European Commission classified lithium as a “Critical Raw Material” in September 2020, and Finland unveiled its National Battery Strategy (National Battery Strategy…
Booktopia Group appoints David Nenke as new CEO
SYDNEY, AUSTRALIA: Australia’s leading online book retailer Booktopia Group Limited (ASX: BKG) announced the appointment of David Nenke as the company’s new Chief Executive Officer (CEO). Nenke will report to Mr Peter George, Chair of the Booktopia Board of Directors and will commence on 8 May 2023. Australian-born Mr Nenke joins the company with more…
Change Financial Limited appoints Tony Sheehan as Chief Executive Officer
SYDNEY, AUSTRALIA: Change Financial Limited (ASX: CCA) announced the appointment of Mr Tony Sheehan as Chief Executive Officer (CEO) effective 3 July 2023. Tony Sheehan is an experienced senior executive in the payments and technology industry and has held the positions of Chief Financial Officer and Chief Operating Officer for the past nine years at…
Wynnstay to acquire Citiclient (CCF) Nominees Limited and Citiclient (CCF) Nominees No 2 Limited
LONDON, UK: Wynnstay Properties has exchanged contracts for the acquisition from Citiclient (CCF) Nominees Limited and Citiclient (CCF) Nominees No 2 Limited, acting on behalf of The Charities Property Fund, of Riverdale Industrial Estate, Vale Road, Tonbridge, Kent TN9 1SS for a cash consideration of £2.35 million. The property is freehold and comprises five industrial…
Reckitt announces Kris Licht as CEO Designate
SLOUGH, UNITED KINGDOM: Reckitt today announced the appointment of Kris Licht as Chief Executive Officer to succeed Nicandro Durante. Kris Licht will become CEO Designate as of 1 May and will immediately begin the transition to the CEO role, working alongside Nicandro Durante. Kris will be appointed to the Board as an Executive Director effective…
3M announces major layoffs amidst preparations for possible recession
On Tuesday, 3M, the manufacturing giant behind brands such as Post-It Notes and Scotch Tape, announced significant layoffs as part of a major restructuring plan. The company revealed that it would be letting go of 6,000 employees around the world, in addition to the 2,500 manufacturing roles it eliminated earlier this year. The announcement comes…
OnePlus Pad: A New Android Tablet with Impressive Specs and a $479 Price Tag
OnePlus has finally shared the pricing information for its first tablet, the OnePlus Pad. Priced at $479, the tablet packs an 11.61-inch LCD panel with a 2,800 x 2,000-pixel resolution, a 144Hz refresh rate, 10-bit color, and 296 pixels per inch. It boasts a 7:5 ratio screen, making it the world’s first tablet with this…
General Motors to stop production of Chevy Bolt EV by end of 2023
General Motors (GM) has announced plans to halt production of its electric Chevrolet Bolt models by the end of this year. This comes as the company looks to shift its focus to newer electric vehicles like the GMC Hummer and Cadillac Lyriq, which use GM’s Ultium architecture. The battery cells used in the Chevy Bolt…
Apple dominates refurbished smartphone market with 49% share in 2022
Apple’s sales of refurbished iPhones experienced double-digit growth in 2022, strengthening its hold on the global market for returned and repackaged smartphones. According to a report from Counterpoint Research (via DigiTimes), Apple’s refurbished sales grew by 16%, earning it a 49% share of the market last year, up from 44% in 2021. While Apple dominated…