The Federal Aviation Administration (FAA) has announced measures to avoid disruptions at airports serving New York City and Washington D.C. this summer. The agency said it will reduce flight requirements for airlines’ take off and landing rights to avoid congestion. Airlines have until April 30 to file requests to give up take-off and landing slots….
Japan Airlines will buy 21 Boeing 737 MAX jets for $2.5bn
Japan Airlines (JAL) has announced to buy 21 Boeing 737 MAX to replenish its narrowbody fleet. Japan Airlines Co., Ltd., also known as JAL or Nikkō, is an international airline and Japan’s flag carrier and largest airline as of 2022, headquartered in Shinagawa, Tokyo. Its main hubs are Tokyo’s Narita International Airport and Haneda Airport,…
Atari signs agreement to acquire Night Dive Studios
PARIS, FRANCE: Atari, one of the world’s most iconic consumer brands and interactive entertainment producers, has entered into an agreement to acquire 100% of Night Dive Studios Inc., a full service game development and publishing company based in Vancouver, Washington, USA. The purchase price of Night Dive will consist of an initial consideration of US$10…
finnCap Group and Cenkos Securities agree on all-share merger to create a larger group
LONDON, UK: finnCap Group plc and Cenkos Securities plc have reached agreement on the terms and conditions of a recommended all-share merger to create a market-leading full-service advisory firm for growth and investment companies. The Combined Group will be led by the existing CEOs of Cenkos and finnCap as co-CEOs. Lisa Gordon will become Chair…
EKF Diagnostics Holdings sold its subsidiary, Advanced Diagnostic Laboratory
LONDON, UK: EKF Diagnostics Holdings (AIM: EKF), the AIM-listed global diagnostics business, has disposed of its subsidiary, Advanced Diagnostic Laboratory LLC (ADL). As announced in the Company’s trading update on 6 February 2023, the transition of the Laboratory Testing business towards generating non-COVID revenues has presented certain challenges following the rapid drop in demand for COVID…
SRJ forms strategic alliance with Cokebusters to develop pipeline and pipework systems
SYDNEY, AUSTRALIA: SRJ Technologies Group (ASX: SRJ) has signed a Strategic Alliance Agreement (SAA) with Cokebusters Limited with the intention to combine the specific technical capabilities of both entities to develop and utilise asset integrity solutions for pipeline and pipework systems that currently are unable to be inspected effectively. Initial discussions have identified specific risk…
General Motors to discontinue production of the Chevrolet Camaro in 2024
General Motors (GM) will end production of the Chevrolet Camaro form early next year, as the automaker transitions to all-electric vehicles. The automaker did not announce a replacement or next generation of the car, but it said the current sixth-generation muscle car will not be the “end of Camaro’s story.” “While we are not announcing…
Ford has unveiled its mid-sized electric Explorer SUV
Ford has unveiled its mid-sized electric Explorer SUV, a remake of its iconic and best-selling Explorer SUV. The model has been built on Volkswagen’s VWAGY modular electric drive matrix (MEB) platform and is expected to be available for less than $50,000 or €45,000. Martin Sander, GM of Ford’s Europe EV business, said, “Steeped in our…
Unleash Digital with Everything as a Service
Themed “Unleash Digital with Everything as a Service”, the second Huawei Cloud Summit Middle East & Africa kicked off in Dubai on March 21. The event brought together over 300 government officers, cloud native industry experts, and customer representatives from the Middle East, Central Asia, and Africa, with the aim of exploring how to make…
Zinnwald Lithium to sell new ordinary shares to raise £14 million
LONDON, UK: Zinnwald Lithium plc, the German focused lithium development company, will sell new shares at a price of 10.41 pence per share to raise a minimum of £14 million. The net proceeds from the shares sale will be used to advance the company’s wholly owned Zinnwald Lithium Project in Germany towards a value optimised…
ID Logistics acquires Polish contract logistics player, Spedimex, for €74 million
PARIS, FRANCE: ID Logistics, one of the European leaders in contract logistics, announced the acquisition of 100% of Spedimex, a major player in contract logistics in Poland, with strong expertise in the fashion and e-commerce sectors. The transaction is based on an enterprise value of PLN 350 million (€74 million) and will be paid 70%…
Superdry to sell its intellectual property assets in Asia Pacific to Cowell Fashion for $50 million
LONDON, UK: Superdry has signed an IP Transfer Agreement with Cowell Fashion Company, a listed company based in South Korea, for the sale of Superdry’s intellectual property (IP) assets in certain countries within the Asia Pacific (APAC) region, for an upfront fee of $50 million USD, payable in cash. Cowell Fashion Company is an experienced…