KMD Brands , Megan Welch , CEO of Kathmandu , SYDNEY, AUSTRALIA: KMD Brands Limited announced that Megan Welch has been appointed as the Chief Executive Officer (CEO) of Kathmandu. Megan will be based in Christchurch, Aotearoa New Zealand, at Kathmandu’s Head Office, and takes over from Michael Daly, Group CEO and Managing Director of…
Google unveils new Pixel devices at I/O 2023
Google has announced three new Pixel devices at its I/O 2023 developer conference today: the Pixel 7a, the Pixel tablet, and the Pixel Fold. The latter is Google’s first foldable phone and the most expensive Pixel device ever. Pixel 7a The Pixel 7a is the latest addition to Google’s A-series of affordable phones. It costs…
Lavita AI secures $5 million in seed funding to further develop its AI+Web3 platform
San Francisco-based Lavita AI has announced that it has raised $5 million in seed funding to develop its AI+Web3 healthcare platform. The round was led by Camford Capital, with participation from a group of angel investors from the blockchain and AI industries. The platform is designed to be patient-driven, providing secure sharing of health data….
VINCI acquires 55% Stake in Entrevias, securing concession for Brazil’s toll motorway sections
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…