SYDNEY: Teaminvest Private Group Limited (ASX:TIP) announced Tuesday the termination of its agreement to acquire Enva Australia Pty Ltd and Enva Holdings Pty Limited, citing unresolved conditions for the deal. The company initially disclosed the conditional acquisition on March 6, 2023, but said ongoing delays in meeting prerequisites led to the decision. A deed of…
Turkcell secures $150 million murabaha financing from Dubai Islamic Bank
ISTANBUL: Turkcell (NYSE: TKC) (BIST: TCELL), Türkiye’s leading technology and communications company, has obtained $150 million in Murabaha financing from Dubai Islamic Bank PJSC, a prominent financial institution in the Gulf region. The funding will support Turkcell’s infrastructure investments and long-term growth strategy. Turkcell Chief Executive Officer Dr. Ali Taha Koç said the company remains committed to…
Elders Limited reports strong half-year earnings amid market recovery
ADELAIDE: Agribusiness giant Elders Ltd. (ASX:ELD) posted a robust financial performance for the first half of fiscal 2025, driven by a recovery in the livestock market and growth in its real estate segment, the company reported Monday. Managing Director and Chief Executive Officer Mark Allison, alongside Chief Financial Officer Paul Rossiter, presented the results in…
Genesis Minerals acquires Laverton Gold Project in $250 million deal
LAVERTON: Genesis Minerals Limited (ASX: GMD) has entered into a binding agreement to acquire the Laverton Gold Project from Focus Minerals Limited (ASX: FML) for $250 million in cash, the company announced Monday. The deal, set to close in early June, will bolster Genesis’ resource base with an estimated 4 million ounces of gold near…
WiseTech Global to acquire E2open in $2.1 billion deal to expand logistics software market
SYDNEY: WiseTech Global, a leading logistics software developer, announced Monday it has entered into a binding agreement to acquire U.S.-based e2open, a provider of cloud-based supply chain solutions, for $2.1 billion in a deal aimed at creating a global trade and logistics marketplace. The acquisition, expected to close in the first half of 2026 pending…
Viva Leisure acquires 33% stake in Gorilla X Labs
SYDNEY: Viva Leisure Limited, a leading Australian fitness company, announced Tuesday it has acquired a 33% stake in Gorilla X Labs, a prominent sports nutrition brand, as part of its strategic expansion into the supplements market. The partnership will integrate Gorilla X Labs’ products — including ready-to-drink beverages, protein powders and supplements — across Viva…
The Untold Truth About Inner Peace: Why Financial Well-Being Comes First
The Myth of Inner Peace Without Financial Stability Walk into any bookstore, and you’ll find shelves lined with self-help books preaching the same mantra: “Inner peace comes from within.” Meditate. Breathe. Let go. Practice gratitude. But what if we’ve been sold a half-truth? What if real inner peace isn’t just about mindfulness but about financial well-being—the kind that allows you…
RedBird Capital to acquire The Telegraph in £500 million deal
LONDON: U.S. private equity firm RedBird Capital Partners has reached an agreement in principle to acquire The Telegraph for £500 million, the company announced Friday, ending two years of uncertainty over the future of the British newspaper. The deal would make RedBird the sole controlling owner of The Telegraph, acquiring the stake currently held by RedBird…
Energy price cap will fall by 7% from July
LONDON: Energy regulator Ofgem has announced a 7% reduction of the energy price cap for the period covering July to September 2025. A recent fall in wholesale prices is the main driver of the overall reduction, accounting for around 90% of the fall. The remainder is primarily due to changes to the operating cost allowances…
Solvar Limited acquires 19.9% stake in Earlypay Limited to expand SME financing reach
MELBOURNE: Solvar Limited (ASX: SVR), a leading provider of automotive and consumer finance, has announced the strategic acquisition of a 19.9% stake in Earlypay Limited (ASX: EPY), a prominent financier for Australian small and medium enterprises (SMEs). The move aligns with Solvar’s strategy to tap into underserved commercial markets and diversify its portfolio. Earlypay specializes…
MA Financial to acquire real estate investment firm, IP Generation in $90.4 million deal
SYDNEY: MA Financial Group announced today it will acquire IP Generation, a Melbourne-based real estate investment firm, in a deal worth 90.4 million. The acquisition aims to expand MA Financial’s real estate asset management business, increasing its assets under management (AUM) to over 90.4 million. The acquisition aims to expand MA Financial’s real estate asset management business,…
TotalEnergies launches largest solar plant cluster in Europe near Sevilla
PARIS: TotalEnergies has inaugurated its largest solar power plant cluster in Europe, located near Sevilla, Spain. The project includes five solar plants with a combined capacity of 263 MW, capable of producing 515 GWh of renewable electricity annually—enough to power over 150,000 Spanish homes. The facility will also reduce CO₂ emissions by 245,000 tons per year. Most…