The company posted a net loss of $228.6 million, compared to $14.4 million in the same period last year COLUMBIA: BigBear.ai Holdings, Inc. (NYSE: BBAI), a provider of AI-powered decision intelligence solutions, reported a widened net loss for the second quarter of 2025, citing federal contract disruptions and strategic investments tied to emerging opportunities in…
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Coro Energy, Threefold Energy forge battery storage partnership in Southeast Asia
LONDON: Coro Energy PLC, a renewable energy developer focused on Southeast Asia, has signed a memorandum of understanding with Threefold Energy Group Ltd to collaborate on advanced battery energy storage systems in commercial and industrial markets. The strategic partnership aims to deploy Threefold Energy’s proprietary Battery Energy Storage System (BESS) hardware and energy management platform…
Dalata to open first hotel in Berlin in partnership with Deka Immobilien
BERLIN: Dalata Hotel Group plc, the largest independent four-star hotel operator in the UK and Ireland, has signed a lease agreement with Deka Immobilien to operate a new Clayton Hotel in Berlin, marking its first property in the German capital. The 274-room property, currently operating as the Novotel Berlin Am Tiergarten, is undergoing an 18-month…
Diversified Energy, Carlyle announce $2 billion partnership for U.S. oil and gas assets
LONDON: Diversified Energy Company (LSE: DEC; NYSE: DEC) and global investment firm Carlyle (NASDAQ: CG) announced Tuesday a strategic partnership to invest up to $2 billion in existing U.S. natural gas and oil assets. The collaboration will combine Carlyle’s asset-backed finance expertise with Diversified’s operational experience in acquiring and managing long-life energy assets. Under the…
AstraZeneca, CSPC Pharmaceuticals form AI-driven research partnership
LONDON: AstraZeneca has entered a strategic research collaboration with China-based CSPC Pharmaceuticals Group Limited to accelerate the discovery of novel oral therapies using artificial intelligence. The partnership will focus on identifying and developing pre-clinical candidates for chronic diseases, including a small-molecule oral therapy for immunological conditions. The research will leverage CSPC’s AI-powered drug discovery platform, which analyzes…
Dai-ichi Life Holdings, M&G form strategic partnership with $6 billion investment target
LONDON: Dai-ichi Life Holdings, Inc. and British asset manager M&G plc announced a long-term strategic partnership Wednesday, combining asset management and life insurance expertise with plans for cross-border growth and a potential 15% stake acquisition by the Japanese insurer. Under the agreement, M&G will become Dai-ichi Life’s preferred European asset manager, with a target of…
Spark New Zealand, Nokia sign strategic network operations partnership
AUCKLAND: Spark New Zealand has entered a strategic partnership with Nokia to enhance network operations, the companies announced Monday. Under the agreement, Nokia will oversee daily monitoring and support for Spark’s network while Spark retains control over key strategic decisions, including future planning, network design engineering, and critical incident oversight. The collaboration will also focus…
Van Elle Holdings announces five-year partnership with WS Specialist Logistics
NOTTINGHAMSHIRE: Van Elle Holdings plc, the United Kingdom’s largest ground engineering contractor, has entered a five-year partnership with WS Specialist Logistics Limited to consolidate its heavy haulage operations. As part of the agreement, WS Specialist Logistics will take over the management and operation of Van Elle’s heavy goods vehicle fleet, incorporating the company’s transport management…
Mast Energy announces growth partnership, trading updates
LONDON: Mast Energy Developments (MED) announced updates Tuesday on its growth capital partnership with Powertree, trading revenues from its Pyebridge site and changes in significant shareholdings. The company finalized a binding investment agreement with Powertree (Holdings) Ltd, formalizing a long-term partnership to fund flexible power generation projects. Under the deal, Powertree will invest up to…
5th Planet Games forms partnership with Glomerk SA in Poland
COPENHAGEN: 5th Planet Games today announced a new partnership with Glomerk SA based in Poland; the agreement will see Glomerk provide a distribution capability covering Poland, Czech Republic, Slovakia and Hungary. 5th Planet Games also announces an extension to the agreement with Nordisk A/S, which will see Nordisk extend its partnership to include distribution across…
Shaftesbury Capital forms strategic partnership with Norges Bank Investment Management
LONDON: Shaftesbury Capital PLC has entered a long-term strategic partnership with Norges Bank Investment Management (NBIM), the Norwegian sovereign wealth fund, involving the Covent Garden estate in London’s West End. The agreement will see NBIM acquire a 25% non-controlling stake in the estate for approximately £570 million, valuing the property at £2.7 billion. Shaftesbury Capital will retain…
Nasdaq and nuam extend strategic partnership to modernize Latin American markets
Nasdaq (Nasdaq: NDAQ) and nuam (NUAM: nuam), the merged entity of the Santiago, Lima, and Colombia stock exchanges, have announced an extension of their strategic technology partnership. The collaboration will see nuam’s central securities depositories (CSDs) adopt Nasdaq’s platform, aiming to optimize post-trade processes across the region. The agreement builds on Nasdaq’s existing relationship with…