One of the best financial investments that anyone can make is real estate, which has long been praised for its ability to build wealth over the long term. However, many novice investors have had their fingers burned due to a lack of due diligence and a hasty entry into the industry. Fortunately, with some knowledge,…
Saint-Gobain to sell Switzerland business, Glassolutions to AEQUITA
LONDON, UK: Saint-Gobain has signed a binding agreement for the sale of its glass processing business Glassolutions in Switzerland to the privately-owned German group AEQUITA. The business generated sales of around €25 million in 2022 and employs approximately 70 people at its production site in Kreuzlingen. This transaction, expected to close by the end of…
Apple has introduced Apple Pay Later
Apple has introduced Apple Pay Later, which will allow users to split purchases into four payments spread over the course of six weeks. Apple Pay Later users will be able to manage, track and repay their loans in their Apple Wallet, the company said in a release. Individuals can apply for Apple Pay Later loans…
Private jet flights in Europe last year rose 64% to 572,806 flights last year
The number of private jet flights in Europe last year rose by a whopping 64% to reach a record high of 572,806, according to Greenpeace. More than half (55%) of the private jet flights in Europe last year were ultra-short journeys below 750 kilometers (466 miles), Greenpeace said, noting that these were trips that could…
Allfunds Tech Solutions announces new partnership with UniCredit
MADRID: Allfunds Tech Solutions Thursday announced a new partnership with UniCredit, the pan-European commercial bank. The partnership will leverage Allfunds digital capabilities to facilitate UniCredit’s transformation programme to further streamline its systems that support market and content data providers to the creation of a multi-asset platform to service UniCredit’s client base. Allfunds Tech Solutions will…
Scandinavian construction markets to slow down by 6% this year
OSLO, NORWAY: The construction industry in Scandinavia is experiencing a significant slowdown, with several factors contributing to the decline. One of the main reasons for the slowdown is the economic downturn, which has led to a reduction in demand for construction projects as individuals and businesses cut back on spending. Veidekke anticipates a reversal of…
Inin Group AS to acquire a 70 percent ownership in TW Gruppen AS
OSLO, NORWAY: Inin Group AS has signed a term sheet to acquire a 70 percent ownership in TW Gruppen AS, a leading specialist within environmentally friendly mass handling, transport and recycling. With this acquisition, Inin Group establishes mass handling and recycling as its fourth investment platform. Inin Group is an industrial owner that invests into…
Empower approves distributing AED 425 million dividends to shareholders
DUBAI – UNITED ARAB EMIRATES: The General Assembly of Emirates Central Cooling Systems Corporation PJSC (Empower), in a meeting convened with a quorum of 86.82% of the Company’s paid-up share capital, approved the Board’s proposal on the distribution of cash dividends to shareholders in a total amount of AED 425,000,000 (AED 0.0425 per share, representing…
Petrofac and Hitachi selected by TenneT for Euro 13bn European power grids project
LONDON, UK: Petrofac and Hitachi Energy have been selected by TenneT, the Dutch-German Transmission System Operator, to supply multiple offshore platforms and onshore converter stations to accelerate the integration of bulk renewables into European power grids. Petrofac and Hitachi Energy were awarded the multi-year Framework Agreement as part of TenneT’s ambitious 2 gigawatt (2GW) high…
Saint-Gobain achieves flat glass production using more than 30% hydrogen
LONDON, UK: Saint-Gobain is the first manufacturer in the world to carry out a test production of flat glass using more than 30% hydrogen during Research & Development (R&D) trials at the Herzogenrath site in Germany. With this world first, Saint-Gobain has proven the technical feasibility of manufacturing flat glass with a significant proportion of…
Innovate UK awards £1.96m grant for mobile recycling system
LONDON, UK: Recyclus Group Ltd, in collaboration with the University of Birmingham (UoB), has been awarded funding of £1.96 million from the UK Government’s Innovate UK, to create a mobile battery recycling system capable of safely handling any type of lithium-ion (Li-ion) battery. Recyclus will lead the project and design and build a compact prototype…
QinetiQ awarded $92.6mn Digital Night Vision Technology contract by U.S. Army
LONDON, UK: QinetiQ Group has won a single award Indefinite Delivery Indefinite Quantity (IDIQ) by the U.S. Army for a Digital Night Vision Technology (DNVT) contract worth up to $92.6M over four years. The DNVT effort utilises and continues more than two decades of Department of Defense science and technology research, development and investment into…