Paris-based biotechnology startup Woodoo has raised $31 million in funding to expand its technology platform that transforms discarded wood into alternatives for construction material. The company’s proprietary engineering platform enables it to transform low-grade and even diseased wood products into premium high-tech materials, using lignin engineering at the molecular level. The new capital will be…
UK and Netherlands cross-border electricity line to deliver energy to 1.8 million homes
The UK and the Netherlands are set to be connected by a new power line that will deliver enough electricity to power 1.8 million homes. The innovative cross-border electricity line, known as LionLink, will be the largest of its kind in the world in terms of capacity, carrying more than four times the amount of…
BAE Systems signs Microsoft Azure Cloud platform for digital defence capabilities
LONDON, UK: BAE Systems, a UK-based defence, aerospace, and security company, has signed a strategic agreement with Microsoft to utilize its Azure Cloud platform. The partnership will help BAE to develop complex digital systems for militaries and governments to analyze incoming data. The partnership aims to support faster and easier deployment, development, and management of…
Accesso Technology Group to acquire Paradocs Mountain Software for $10 million
LONDON, UK: Accesso Technology Group plc (ACSO), a premier technology solutions provider for attractions and venues worldwide, has announced the acquisition of Paradocs Mountain Software, a leading Canadian-based provider of software solutions specifically tailored to the ski industry. The acquisition was made pursuant to the terms of an equity purchase agreement entered into on 21…
Cordel Group appoints John Davis as new Chief Executive Officer
LONDON, UK: Cordel Group PLC, the Artificial Intelligence platform for transport corridor analytics, has announced the appointment of John Davis as the new Chief Executive Officer with immediate effect. Mr. Davis has been a non-executive director of the Company since 2018 and has served as Interim CEO since March 1, 2023. With his appointment, Davis…
IK Partners agree to acquire Medica Group for £269 million
LONDON, UK: Moonlight Bidco Limited, a newly incorporated wholly-owned subsidiary of funds advised by IK Investment Partners Limited reached an agreement on the terms and conditions of a recommended all cash offer to acquire Medica Group plc by means of a scheme of arrangement. Under the terms, each Medica Group shareholder will receive 212 pence…
Vivo launches two new foldables in the Chinese Market – Vivo X Flip and Vivo X Fold 2
Vivo has recently launched two new foldable phones in the Chinese market – Vivo X Flip and Vivo X Fold 2. Both these foldables feature Zeiss branded cameras and come with tried and tested fold and flip form factors. In this blog, we will take a closer look at both these foldables and their features….
Realme’s 11 Series smartphones to feature new design and impressive camera capabilities
In the highly competitive world of smartphone technology, Realme is one of the brands that has been making a lot of noise in recent years. The Chinese company has been gaining popularity among consumers for its affordable yet high-performance devices that often boast impressive features. Now, reports suggest that Realme is getting ready to launch…
GM recalls 40,428 Chevrolet Silverado trucks over potential brake fluid leak
General Motors (GM) has announced a recall of certain Chevrolet Silverado medium-duty trucks for model year 2019 or later due to a potential brake fluid leak that could result in a fire. According to documents posted by U.S. safety regulators on Saturday, the recall affects 40,428 vehicles, including 4500HD, 5500HD, and 6500HD models with model…
Acer unveils new Swift X 16 laptop for creative professionals
Acer has recently launched the Acer Swift X 16 (SFX16-61G), an advanced laptop designed to meet the demands of creative professionals. The sleek and thin laptop comes packed with a range of performance-packed features, including AMD Ryzen 9 7940H processor and NVIDIA GeForce RTX 4050 Laptop GPUs with NVIDIA Studio Drivers to help users elevate…
Walmart sells online apparel brand Eloquii to FullBeauty Brands in 3rd divestiture this year
Walmart has announced the sale of its online apparel brand Eloquii to FullBeauty Brands, marking the company’s third divestiture of a direct-to-consumer brand this year. The retailer sold Bonobos to WHP Global and Express earlier in April, and in February, it offloaded Moosejaw to Dick’s Sporting Goods. These sales represent a reversal of a 2017-18…
Fiona Clutterbuck appointed as non-executive Chair of UK investment platform, AJ Bell
LONDON, UK: AJ Bell, one of the UK’s largest investment platforms, has announced the appointment of Fiona Clutterbuck as its new non-executive Chair, effective from 1 May 2023. The board believes that Clutterbuck, who has previously served as a non-executive director for Hargreaves Lansdown and chair of Paragon Banking Group, is well-suited to lead the…