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…
Savannah Energy signs MOA with Government of Niger for 200 MW solar power project
LONDON, UK: Savannah Energy Niger Solar Limited, a subsidiary of Savannah Energy, has signed a Memorandum of Agreement (MOA) with the Government of the Republic of Niger for the development of two solar photovoltaic power plants. The solar projects will have a combined installed power generation capacity of up to 200 MW and are expected…
Man Group appoints Robyn Grew as next CEO as Luke Ellis announces retirement
LONDON, UK: Man Group, the global, technology-empowered active investment management firm, today announces that Luke Ellis has informed the Board of his decision to retire and that Robyn Grew will be appointed as the next CEO of Man Group. Robyn Grew is currently President of Man Group and a member of the Senior Executive Committee,…
CAP-XX announced the appointment of Lars Stegmann as CEO
LONDON, UK: The Board of CAP-XX announced the appointment of Lars Stegmann as Chief Executive Officer. Mr Stegmann has spent more than two decades in international sales, project, and management roles. He has considerable experience in the field of power electronics, electronic components and systems, as well as an extensive sales and marketing background in…
Vodafone and e& form strategic relationship across Europe, Middle East and Africa
LONDON, UK: Vodafone Group and Emirates Telecommunications Group (e&) have agreed a strategic relationship that brings the two operators closer together in certain aspects of their businesses. As part of this strategic relationship, Vodafone and e& have entered into a relationship agreement that establishes e& as a cornerstone shareholder of Vodafone. This is the next…
Keywords Studios acquire Hardsuit Labs, a US-based game development studio for $15mn
LONDON, UK: Keywords Studios, the international technical and creative services provider to the global video games and entertainment industries, has acquired Hardsuit Labs, a US-based game development studio based in Seattle. Founded in 2015 by Andy Kipling and Russell Nelson, Hardsuit has over 70 employees offering full external development, co-development, and porting services. The studio…
Ikea opens new green distribution centre in Dartford
Ikea has opened a new distribution centre in Dartford that will deliver online orders to customers in the South East using 100% renewable energy and electric vehicles. The 452,000 sq ft facility, which opened today (May 10), will handle 1 million orders per year and reduce delivery times for online shoppers in the region. The…
OnePlus Pad goes on sale in the US with free Folio case and trade-in program
The OnePlus Pad, the first tablet from the Chinese smartphone maker, is now available for purchase in the US for $479. The tablet was announced in February and went on pre-order in April, but OnePlus did not reveal the price until two weeks ago. The OnePlus Pad is a mid-range Android tablet that features an…
Google Unveils AI-Centric Coding Tools at I/O Developer Conference, Including GitHub Copilot Competitor
Google announced several AI-centric coding tools at its annual I/O developer conference, including an AI-assisted coding feature in its no-code AppSheet product and a chat tool for asking coding and Google Cloud service questions. The cornerstone of these tools is Codey, a coding-related prompts handler based on Google’s PaLM 2 language model, which was trained…
Google unveils new generative AI capabilities for Search
For the past 25 years, Google has been devoted to the science and the craft of building a search engine. It has developed completely new ways to search, powered by its latest advancements in AI — whether that’s searching visually with Lens, or across modalities, using both images and text with multisearch. In fact, people…