SYDNEY: Engineering and asset management firm Verbrec Ltd. (ASX: VBC) said Tuesday it has agreed to sell its registered training organization, Competency Training Pty Ltd, to RelyOn Australia Pty Ltd for A$11.5 million in cash. The deal, subject to customary conditions including approval from the Foreign Investment Review Board, will see all staff, facilities and…
Marula Mining to acquire full ownership of Kinusi Copper Mine in Tanzania
LONDON: Marula Mining PLC (AQSE: MARU, A2X: MAR), an African-focused mining and development company, has signed an amendment agreement to acquire 100% of Takela Mining Tanzania Limited, the owner and operator of the Kinusi Copper Mine in Tanzania’s Dodoma Region. The acquisition, made through Marula’s wholly owned subsidiary, Marula Mining Tanzania Limited (MMTL), will give…
Apple Watch Ultra 3 unveiled: Satellite connectivity, hypertension alerts, and 42-hour battery
Apple introduced Apple Watch Ultra 3 — the most advanced Apple Watch — delivering expanded health, fitness, safety, and connectivity features, and seamlessly shifting between a powerful sports watch, an elegant smartwatch, and a comprehensive health companion. Designed to keep users more connected and safer wherever they are with built-in satellite communications, Apple Watch Ultra…
Hammerson appoints Rob Wilkinson as Chief Executive Officer
LONDON: Hammerson plc today announced the appointment of Rob Wilkinson as Chief Executive Officer. Rob will join the Board on 15 December 2025 as Chief Executive Officer Designate and will take up his role as Chief Executive Officer with effect from 1 January 2026. Rob will succeed Rita-Rose Gagné who, as announced in June, has…
Anglo American and Teck Resources agree on merger to form the Anglo Teck group
LONDON: Anglo American plc and Teck Resources Limited have reached an agreement to combine the two companies in a merger of equals to form the Anglo Teck group, a global critical minerals champion and top five global copper producer, headquartered in Canada and expected to offer investors more than 70% exposure to copper. Both Anglo…
Bass Oil boosts EBITDA 55% despite revenue dip, eyes East Coast gas expansion
MELBOURNE: Bass Oil Ltd. (ASX:BAS) reported a 55% year-on-year increase in EBITDA to A$571,000 for the first half of 2025, despite a 9% decline in sales revenue driven by lower oil prices. The Australian-listed oil producer, which operates assets in the Cooper Basin and South Sumatra, said net entitlement oil remained steady at 31.71 mbbl,…
AdNeo acquires Aspire Learning Resources to expand vocational education footprint
MELBOURNE: AdNeo Ltd (ASX:AD1) has completed its second acquisition of the quarter, purchasing all assets and intellectual property of Aspire Learning Resources, a not-for-profit provider of vocational education content, in a deal valued at under AU$100,000. The acquisition follows AdNeo’s August purchase of Learnt Group, which included Catapult, Edify, Violet AI, and Vasto. Aspire’s integration…
SpaceX to acquire EchoStar Spectrum for $17 billion, supercharging Starlink’s 5G ambitions
Elon Musk’s SpaceX announced Monday it will acquire wireless spectrum licenses from EchoStar for approximately $17 billion, marking a pivotal move to accelerate the rollout of its Starlink direct-to-cell satellite network and expand its footprint in the competitive 5G connectivity space. The deal includes a strategic partnership enabling Boost Mobile—EchoStar’s prepaid wireless brand—to tap into…
Cognition raises $400 million, joins $10 billion AI startup club after Windsurf acquisition
Artificial intelligence startup Cognition said on Monday it had raised $400 million in a funding round led by Peter Thiel’s funded Founders Fund, valuing the company at $10.2 billion, including the fresh capital. The San Francisco-based firm, known for its AI software engineer Devin, gained prominence in July after acquiring Windsurf, a rival startup whose…
Dar Global to acquire prime Jeddah land for SAR 2.4 billion luxury mixed-use project
Dar Global PLC said on Monday it has signed an agreement with Dar Al Arkan Real Estate Development Company to acquire a prime land parcel in Jeddah, Saudi Arabia, for the development of a luxury mixed-use project valued at approximately SAR 2.4 billion ($640 million). The site, spanning around 28,800 square metres, is located within…
StubHub targets $851 million in NYSE IPO, eyes $9.2 billion valuation
StubHub is seeking to raise up to $851 million in its initial public offering, aiming for a valuation of as much as $9.2 billion, according to a regulatory filing published Monday. The ticket resale platform plans to offer more than 34 million shares priced between $22 and $25 each. The company will list on the…
Fiinu Plc reports half-year results, highlights strategic progress and capital raises
The company reported a loss before tax of £980,338, reflecting increased costs LONDON: Fiinu Plc, the fintech group behind the Plugin Overdraft® and recently re-admitted to trading on AIM following its acquisition of Everfex P.S.A., on Monday announced its unaudited half-year results for the six months ended June 30, 2025, underscoring strategic momentum and capital-raising…