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…
Pathfinder Minerals signs deal to sell IM Minerals to Acumen Advisory Group
LONDON, UK: Pathfinder Minerals has entered into a conditional binding sale and purchase agreement (SPA) with Acumen Advisory Group (AAG) with respect to the disposal of IM Minerals Limited (IMM), a wholly owned subsidiary of Pathfinder, and, with it, the rights to bring a claim against the Government of Mozambique under the Mozambique-United Kingdom Bilateral…
WPP Plc acquires data-driven influencer marketing agency Goat
LONDON, UK: WPP Plc, the creative transformation company, has announced the acquisition of Goat, one of the world’s leading influencer marketing agencies. Goat will join GroupM, WPP’s media investment group, and merge with its influencer marketing solution INCA to create the industry’s first truly global influencer marketing agency with more than 300 employees in over 30 markets…
5E Advanced Materials appoints Susan Seilheimer Brennan as new Chief Executive Officer
SYDNEY, AUSTRALIA: 5E Advanced Materials Inc., a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas (Fort Cady) Complex, has appointed Ms. Susan Seilheimer Brennan as the Company’s new Chief Executive Officer commencing April 24, 2023. Susan Seilheimer Brennan has an extensive global leadership background, particularly in the battery…
CleanSpace Holdings appoints Graham McLean as CEO
SYDNEY, AUSTRALIA: CleanSpace Holdings Limited (ASX: CSX) has appointed Graham McLean as CEO, effective immediately. Mr McLean joined the CleanSpace Board in February 2022 and has been acting as Interim CEO since 10 January 2023. CleanSpace is a Sydney-based designer and manufacturer of respiratory protection equipment for healthcare and industrial solutions. CleanSpace’s Chair, Bruce Rathie…
Delta Air Lines to launch a flight academy to train pilots
Delta Air Lines Inc would launch a flight academy to train pilots for the airline as the industry struggles with a shortage of aviators. The Delta Propel Pilot Academy will be based in a 12,000-square-foot facility situated within Skyborne’s Florida campus, the statement said. Atlanta-based Delta joins United Airlines Holdings Inc (UAL.O), which agreed to…
Retail apocalypse: Bed Bath & Beyond is closing 400 stores
Bed Bath & Beyond is closing 400 stores as it tries to stave off bankruptcy. Bed Bath & Beyond has fallen to the “retail apocalypse” over the past decade, but many chains are still growing. Growth has been most pronounced in the discount segment of retail as shoppers on tight budgets search for low prices….