LONDON, UK: HSBC Holdings plc announced that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1. As at 10 March 2023, SVB UK had loans of around £5.5bn and deposits of around £6.7bn. For the financial year ending 31 December 2022, SVB UK recorded a…
QMines Limited to divest its non-core gold and base metal exploration projects
SYDNEY, AUSTRALIA: QMines Limited has executed an exclusive option agreement with Queensland Critical Minerals Limited (QCML) for the divestment of its non-core gold and base metal exploration projects, Silverwood, Warroo and Herries Range. The projects are all located in South East Queensland. As part of the company’s growth strategy, resources have been directed towards the…
Aramco posts record 46.5% growth in profits to $161.1 billion in 2022
Saudi Arabia’s oil giant Aramco reported a record net income of $161.1 billion for 2022 (46.5% higher than previous year’s $110 billion), the largest annual profit ever achieved by an oil and gas company, CNBC reported. Aramco said net income increased 46.5 percent over the year, from $110 billion in 2021. Free cash flow also…
Auction for Silicon Valley Bank on for a total or partial acquisition by another bank
Federal regulators are conducting an auction for Silicon Valley Bank, with final bids due Sunday, according to a report from Bloomberg News. The bank was closed by regulators on Friday after massive withdrawals a day earlier created a bank run. The Federal Deposit Insurance Corporation (FDIC) took control of the bank on Friday, and started an auction process…
Mohammed bin Salman announces new national airline, Riyadh Air
Saudi Arabia’s Crown Prince Mohammed bin Salman formally announced on Sunday the creation of a new national airline, Riyadh Air. Industry veteran Tony Douglas will be the chief executive. Riyadh Air will will serve more than 100 destinations around the world by 2030, making use of the kingdom’s location between Asia, Africa and Europe, state…
How To Keep Your Employees Safe During Work Hours
Ensuring the safety and well-being of your employees is a critical part of running a successful business. Workplace safety not only protects your staff from harm, but it also reduces the risk of legal issues, increases morale, and helps ensure that productivity remains high. As an employer, it’s important to take proactive steps to keep…
What is the procedure to immigrate to the United Kingdom?
Immigrating to the United Kingdom can offer a range of opportunities, such as access to high-quality education and healthcare systems, a stable economy, a diverse culture, and a vibrant social life. However, it is essential to consider various factors, such as the cost of living, visa requirements, and job opportunities, before making a decision. You…
Germany’s Verdi trade announces strikes on March 13 at the country’s northern airports
Germany’s Verdi trade union has called for strikes on March 13 at the country’s northern airports, including Berlin, which it said would likely cause longer queues for passengers and flight cancellations, Reuters reported. The strikes will affect Berlin’s international airport, as well as the smaller airports of Hamburg, Hanover and Bremen, the relevant regional branches…
United States removes negative Covid test restriction for travelers from China, Hong Kong or Macau
Air travelers to United States from China, Hong Kong or Macau no longer need to show proof of a negative Covid-19 test before boarding a flight, health officials said. The change will go into effect March 10 at 3 p.m. in New York, according to the US Centers for Disease Control and Prevention. A traveler-based…
Forced Installing prepayment energy meters to be the last resort: Ofgem
United Kingdom (UK) plans to reform rules around prepayment energy meters, to protect financially vulnerable consumers in the wake of a recent uproar over forced installations, Bloomberg reported. On Friday energy regulator Ofgem launched a national call for evidence as part of its own review into the meters. Prepayment meters — which require households to…
How to block all unwanted ads on internet?
One can barely watch a video, browse a news site or even shop freely without having an advert popping at you. This is not only annoying but also slows down the computer. You can now remove all unwanted ads instantly on every single website online. This includes all news websites, social media apps like Facebook,…
Meta plans to launch social media app to replace Twitter
Meta Platforms Inc (META.O) is working to launch a new social media app to replace Twitter. Meta believes there’s an opportunity for a separate space where creators and public figures can share timely updates about their interests. Meta’s app will be based on a similar framework that powers Mastodon, a Twitter-like service that was launched…