Having workers compensation insurance for your business can be a great proactive measure to protect both you and your employees in the event of accidents and injuries on the job. Not only is it a legal requirement in some jurisdictions, but it can also provide peace of mind that should something happen, everyone involved will…
General Motors offering Voluntary Separation Program for its U.S. employees to cut costs
General Motors will offer voluntary buyouts to its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural costs over the next two years, according to a letter sent to workers Thursday from CEO Mary Barra, CNBC reported. The Voluntary Separation Program (VSP) will be offered to all U.S. salaried employees who…
AusCann to divest a 52% interest in its animal health business, CannPal Animal Therapeutics
SYDNEY, AUSTRALIA: AusCann Group Holdings (ASX: AC8) has entered into a Share Sale Agreement with Animal Health Holdings (AHH) to divest a 52% interest in its animal health business, CannPal Animal Therapeutics. The partial divestment is a separate and independent transaction from the proposed transaction under Listing Rule 11.1 which is the subject of AusCann’s…
CountPlus Limited finalizes terms for the acquisition of Affinia Financial Advisers
SYDNEY, AUSTRALIA: CountPlus Limited (ASX: CUP) has finalised terms for the strategic acquisition of Affinia Financial Advisers Limited from TAL. CountPlus’ market share in wealth will leap on completion adding more than 100 high quality advisers to CountPlus’ national community. Affinia Financial Advisers has 75 practices including holistic financial advisory firms and risk specialists and…
U.S. jobless claims surge to 5-month high
Number of Americans filing new claims for unemployment benefits increased by the most in five months last week, but the underlying trend remained consistent with a tight labor market, Reuters reported. Initial claims for state unemployment benefits rose 21,000 to a seasonally adjusted 211,000 for the week ended March 4, the Labor Department said on…
JD.com posts dismal revenue growth amid weak consumption sentiment
JD.com Inc. shares fell after the company reported a sharp drop in revenue growth. China’s second-largest online retailer said Thursday revenue rose 7% from October to December, down from 23% growth a year earlier. It and larger rival Alibaba Group Holding Ltd. have grappled with weak consumption sentiment since the world’s No. 2 economy buckled…
Apple unveiled a yellow iPhone 14 and iPhone 14 Plus
Apple unveiled Tuesday a yellow iPhone 14 and iPhone 14 Plus, adding a new color to its current lineup. Apple also released spring-themed Watch band colors and silicone iPhone cases. You can preorder the yellow iPhone 14 and iPhone 14 Plus starting Friday, with general availability starting on March 14. Yellow joins the existing black,…
Silvergate Capital says it will wind down operations and liquidate its bank
Silvergate Capital, a central lender to the crypto industry, is winding down operations and liquidating its bank. Silvergate has served as one of the two main banks for crypto companies, along with New York-based Signature Bank. Silvergate has just over $11 billion in assets, compared with over $114 billion at Signature. Bankrupt crypto exchange FTX…
All travelers to the UK will need to apply and pay for Electronic Travel Authorisation
U.K. has announced the biggest shake-up of its border force rules, as all passengers who do not need visa approval are required to apply for digital travel authorization before entering the country, CNBC reported. People holding passports that currently arrive in the country without pre-vetting — including European Union, U.S., Canadian, Japanese, Australian, New Zealand…
Eutelsat and Intelsat sign multi-orbit contract to enhance connectivity with OneWeb Services
PARIS, FRANCE: Eutelsat Communications has signed a multi-orbit agreement with Intelsat to enhance connectivity solutions over Europe, the Middle East, and the Pacific, including OneWeb services. Under this new seven-year multi-million-euro capacity agreement with a progressive roll-out of assets over 2023, leveraging Eutelsat’s High-throughput satellites (HTS) in the Ku-band including the recently launched EUTELSAT 10B…
Ananda Developments to acquire MRX Global, subsidiary MRX Medical
LONDON, UK: Ananda Developments Plc has agreed to acquire MRX Global Ltd and its subsidiary, MRX Medical Ltd. MRX has invented a proprietary method to formulate cannabis medicines, the first of which, MRX1, is to be used in two Phase II Randomised Controlled Trials (RCTs) to investigate the effectiveness of cannabidiol (CBD) in chemotherapy induced…
Gelion plc acquires Johnson Matthey’s battery materials patent portfolio
LONDON, UK: Gelion Plc (AIM: GELN), the Anglo-Australian battery innovator, announced the acquisition of the Lithium Sulfur and Silicon Anode (LiSiS) patent portfolio (including solid and liquid electrolytes, disordered rock salt, electrode formulation and battery materials recycling) from Johnson Matthey for a consideration of £4.25 million payable in cash and will be funded from the…