WASHINGTON: A perfect storm of a severe skilled-worker shortage, restrictive immigration caps, and newly aggressive government enforcement is forcing U.S. companies to treat global talent recruitment as a primary strategic concern, rather than a peripheral administrative task, industry executives and data show. Immigration Service Issues Guidance On Who Pays The $100,000 H-1B Fee The scale…
OVHcloud breaks €1 billion revenue mark; Founder Klaba takes helm
PARIS: European cloud computing services provider OVHcloud reported on Tuesday full-year revenue that broke through the symbolic one-billion-euro barrier, with its core profit margin exceeding 40%, and announced the appointment of its founder Octave Klaba as Chairman and Chief Executive Officer. The French company said the governance change was made to “align vision, strategy, and…
Eurofins reports 5.3% revenue growth in 9M 2025 to €5.4bn; Reaffirms FY targets despite headwinds
PARIS: Eurofins Scientific (Paris:ERF) reported a 5.3% year-on-year increase in revenues to €5.415 billion for the first nine months of 2025, driven by organic growth and acquisitions, despite a -1.5% foreign exchange headwind and one fewer public working day compared to the same period last year. Organic revenue growth reached 4.0%, adjusted for calendar effects,…
DYWIDAG to sell France’s TAM Groupe to Private Assets SE & Co.
MUNICH: DYWIDAG Systems International (DYWIDAG) has agreed to sell 100% of its shares in TAM Groupe, a French construction products maker, to German investment firm Private Assets SE & Co. KGaA, the companies said on Tuesday. The transaction, which is subject to closing conditions, is expected to be completed by early December 2025. TAM Groupe is…
TotalEnergies sells its GreenFlex affiliate to the French Group Oteis
PARIS: TotalEnergies and the independent French consulting and engineering group Oteis have signed a deal for the sale of TotalEnergies’ sustainable consultancy and solutions affiliate GreenFlex to Oteis, a divestment that reflects TotalEnergies’ strategy to concentrate its activities on energy production and supply. With over 800 employees and some thirty agencies in France and the…
Racing Force Group Q3 sales accelerate on strong demand for driver gear
PARIS: Racing Force Group (RFG.MI) reported a sharp acceleration in third-quarter 2025 revenue growth on Tuesday, driven by robust demand for its driver equipment and new helmet models, prompting the motorsport safety specialist to reaffirm its positive outlook. The Italy-based company, which develops and markets safety components for motorsports, said consolidated revenues for the third…
GEO Exploration acquires high-grade gold licence in Western Australia
PERTH: GEO Exploration Ltd. (AIM: GEO) has acquired a 100% interest in the Gorge Project (E08/3737), a highly prospective gold exploration licence in Western Australia, through its wholly owned subsidiary Gorge Gold Pty Ltd. The 81-square-kilometer licence, located 110 kilometers west of Paraburdoo in the Capricorn Orogen, hosts Proterozoic metasediments with historical gold mineralisation identified…
AB Dynamics appoints Sarah Matthews-DeMers as Group Chief Executive Officer
LONDON: AB Dynamics plc announced the appointment of Sarah Matthews-DeMers as Group Chief Executive Officer. Sarah is the current Chief Financial Officer and will take up her new role from 1 December 2025. Sarah has been an instrumental part of the leadership team that has transformed the Group over the last six years. Following a…
Hostelworld Group has acquired OccasionGenius Inc for $12 million
LONDON: Hostelworld Group has acquired the entire issued share capital of OccasionGenius Inc., a US-based B2B event discovery platform, for a total cash consideration of $12.0 million. OccasionGenius empowers businesses to inspire their audiences with a global event dataset delivered via API, comprising a rich, city-by-city catalogue of local ‘Things to Do’ and a unique…
Riverstone Energy to sell Onyx Power to ResInvest Group for $49 million
LONDON: Riverstone Energy Limited (REL) announced the proposed sale of 100% of its interest in Onyx Power to ResInvest Group, a privately owned trading and investment company, supplying key commodities for global markets. Onyx Power is a European-based independent power producer that owns and operates approximately 2,350 MW of gross installed capacity of coal-, gas-,…
Coca-Cola HBC AG agrees to acquire 75% shareholding in Coca-Cola Beverages Africa for $2.6 billion
LONDON: Coca-Cola HBC AG has entered into a definitive sale and purchase agreement to acquire a 75% shareholding in Coca-Cola Beverages Africa Pty Ltd (CCBA) from The Coca-Cola Company and Gutsche Family Investments Pty Ltd (GFI) for a combined purchase price of US$2.6 billion, implying an equity value for 100% of CCBA of US$3.4 billion….
Findi secures new funding, acquires Sphere, and sets FY26 targets ahead of Indian IPO
SYDNEY: Australian digital payments firm Findi Ltd said on Tuesday it has arranged a new A$30 million ($19.5 million) debt facility, agreed to acquire technology firm Sphere, and provided financial guidance for fiscal 2026, as it prepares for a planned Indian initial public offering. The new funding will replace an existing A$9.5 million facility and…