LONDON: Riverstone Energy Limited (REL), a publicly traded energy investment company, announced Monday that it has reached an agreement in principle with its investment manager, RIGL Holdings LP, to initiate a managed wind-down of its remaining investment portfolio. The proposed wind-down, which requires shareholder approval, would involve the orderly liquidation of REL’s assets and the…
TotalEnergies secures long-term LNG deal, acquires stake in Canadian project
PARIS: TotalEnergies has signed a 20-year sales and purchase agreement with Ksi Lisims LNG to acquire 2 million metric tons per annum (Mtpa) of liquefied natural gas from the future Canadian liquefaction plant, contingent on the project’s final investment decision, the company announced Tuesday. Alongside the agreement, TotalEnergies has acquired a 5% stake in Western…
Ithaca Energy agrees to acquire additional 46.25% stake in the Cygnus gas field
LONDON: Ithaca Energy, a leading UK independent production and growth company, is pleased to announce it has signed a sale and purchase agreement to acquire an additional 46.25% stake in the Cygnus gas field from Spirit Energy for a purchase price of £116 million (approximately $154 million), based on an effective date of 1 January…
Rio Tinto, Codeleo form joint venture to develop lithium project in Chile
SANTIAGO: Rio Tinto and Chile’s state-owned Corporación Nacional Del Cobre de Chile (“Codeleo”) have signed binding agreements to develop a lithium project in the Salar de Maricunga, a high-grade lithium resource in Chile’s Atacama region. The joint venture aims to strengthen both companies’ roles as key suppliers of materials for the global energy transition. Under…
Vibrint acquires Ampsight to boost federal tech, AI capabilities
STERLING: Defense technology firm Vibrint announced Tuesday it has acquired Ampsight, a provider of multi-cloud engineering, cybersecurity and AI solutions for federal agencies. The deal expands Vibrint’s reach into geospatial intelligence and enhances its IT lifecycle offerings. Ampsight specializes in explainable AI for geospatial and multimodal data, addressing transparency challenges in federal AI adoption. Its Northern…
Intel unveils new GPUs for AI and workstations at Computex 2025
Today at Computex 2025, Intel unveils a new lineup of graphics processing units (GPUs) and AI accelerators designed for professionals and developers. Intel’s announcements include: Celebrating 40 Years in Taiwan This week’s product launches coincide with the 40th anniversary of Intel in Taiwan – marking four decades of collaboration, innovation and shared success around the x86 architecture…
UK’s over-55s housing crisis: Why supply isn’t meeting demand
The UK is facing a growing mismatch between the demand for over-55s housing and the available supply. With an ageing population and shifting lifestyle preferences, older adults are seeking modern, flexible living options—yet the market is struggling to keep up. According to Arbuthnot Latham, from restrictive planning policies to a lack of diverse housing options, several…
Qualcomm announces to launch data center processors that link to Nvidia chips
SAN DIEGO: Qualcomm announced Monday that it is developing a custom central processing unit (CPU) for data centers that will integrate with Nvidia’s graphics processing units (GPUs) and software, marking a strategic expansion beyond its traditional mobile chip business. The move underscores the critical role of Nvidia’s infrastructure in artificial intelligence (AI), as its GPUs are widely…
iFOREX confirms plans for London IPO, sets timeline for June listing
LONDON: iFOREX Financial Trading Holdings Ltd., a leading fintech firm specializing in multi-asset contracts for difference (CFDs), announced Monday its intention to proceed with an initial public offering (IPO) on the London Stock Exchange, with shares expected to begin trading in late June 2025. The company said it will apply for admission of its ordinary…
Prosus launches recommended €4.1 billion cash offer for Just Eat Takeaway.com
AMSTERDAM: Prosus N.V., through its subsidiary MIH Bidco Holdings B.V., has announced a recommended public offer to acquire Just Eat Takeaway.com N.V. (JET) for €20.30 per share in cash, valuing the European food delivery giant at approximately €4.1 billion. The offer represents a 63% premium to JET’s closing share price on Feb. 21, 2025, and…
Peugeot Invest sells €227 million in private equity funds
PARIS: Peugeot Invest has announced the sale of 35 private equity funds on the secondary market to Committed Advisors, marking a significant step in the strategic rebalancing of its investment portfolio. The transaction, valued at approximately €227 million (€94 million in euro-denominated funds and $149 million in USD-denominated funds), involves assets managed by 22 General…
Avantium joins Bottle Collective to advance sustainable fiber bottles
AMSTERDAM: Avantium N.V., a leader in renewable polymer materials, has partnered with the Bottle Collective to showcase fiber bottles made using Dry Molded Fiber (DMF) technology, the company announced. Avantium’s plant-based polymer PEF (polyethylene furanoate) will be integrated into the bottle production process, enhancing sustainability and barrier performance. The Bottle Collective, launched in 2023 by…