Juniper Group, a leading travel technology company, has acquired Vervotech, a tech start-up that offers innovative products for the Travel Industry, especially hotel mapping and room mapping solutions. Vervotech’s main product, Vervotech Mappings, is widely acclaimed in the travel sector for its ability to provide consistent and accurate hotel data. This strategic move enhances Juniper’s…
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Novartis to spin off Sandoz in October 2023
Novartis, the Swiss drugmaker, has announced that it will spin off its generic medicines division, Sandoz, on or around Oct. 4, subject to shareholder approval. The company said it planned to offer shareholders one Sandoz share for every five Novartis shares they own, as part of a special distribution of Sandoz shares. The company has…
Cornerstone Building Brands acquires MAC Metal Architectural
Cornerstone Building Brands, the largest manufacturer of exterior building products in North America, announced the acquisition of MAC Metal Architectural, a leading provider of metal siding and roofing products for residential applications. The acquisition will enhance Cornerstone Building Brands’ exteriors portfolio with premium aesthetic and durability solutions for its customers. Rose Lee, President and CEO…
Aldi to acquire Winn-Dixie and Harveys Supermarket in the Southeast US
Aldi, the global discount supermarket chain, has agreed to acquire Winn-Dixie and Harveys Supermarket, two regional grocery brands in the Southeast US, from Southeastern Grocers, the parent company of the two brands. The deal, which includes 400 stores in five states, will expand Aldi’s presence and growth in the region. The acquisition is part of…
Amazon to charge 2% fee for sellers who ship their own products
Amazon is introducing a new fee for third-party sellers who choose to ship their own products instead of using the company’s fulfillment services. Starting from Oct. 1, sellers who are part of the Seller Fulfilled Prime program will have to pay Amazon a 2% fee on each product sold, according to a notice sent to…
Europe’s First Spot Bitcoin ETF Launches in Amsterdam
The crypto market has been experiencing a slight downturn on Wednesday, following the global trend of stock markets that are affected by China’s economic uncertainty. However, not all is gloomy in the crypto space, as Europe has just welcomed its first ever spot Bitcoin ETF on the Euronext Amsterdam stock exchange. The ETF, which trades…
Bauer Media to acquire iRadio, expanding its reach in Ireland
Bauer Media, the owner of Newstalk, TodayFM and Spin, has announced that it has entered into an agreement to acquire iRadio, the youth-orientated music station serving listeners spanning the North East, Midlands and North West. The deal is subject to regulatory approval and will extend Bauer’s total weekly radio reach to almost 1.9 million listeners…
PayPal pauses crypto sales in UK amid regulatory changes
PayPal, the online payment giant, has announced that it will temporarily stop selling cryptocurrencies to its customers in the United Kingdom from October 1st. The decision comes as a response to the changing regulatory environment in the UK, which has been tightening its rules on crypto activities. According to PayPal, the suspension is a precautionary…
Coinbase gets green light to offer crypto futures in US
Coinbase Global, the largest cryptocurrency exchange in the US, has received approval from a regulatory body to offer cryptocurrency futures and options to its retail customers. The move could boost Coinbase’s revenue and market share, as well as attract more investors to the crypto space. According to a statement from Coinbase on Wednesday, the National…
GM invests $60 million in Mitra Chem, a startup developing cheaper EV batteries
General Motors (GM) has announced that it is leading a $60 million financing round in Mitra Chem, a California-based startup that is developing lower-cost batteries for electric vehicles (EVs). Mitra Chem, founded by former Tesla and Toyota engineers, is working on a new type of battery based on lithium iron phosphate (LFP) chemistry. LFP batteries…
Binance Connect to cease operations amid regulatory pressure
Binance, the world’s largest cryptocurrency exchange by trading volume, is shutting down its regulated fiat-to-crypto platform, Binance Connect, effective from today, 16 August. The platform, which launched in March 2022, allowed users to buy and sell over 50 cryptocurrencies using fiat card payments such as Mastercard and Visa. According to a report by Cointelegraph, the…
Apple to produce iPhone 15 in India soon after China launch
Apple Inc., the world’s most valuable technology company, is gearing up to produce its latest iPhone 15 model in India, shortly after it starts shipping from China, Bloomberg reported. The company has entrusted Foxconn Technology Group, its main manufacturing partner, to prepare a plant in Sriperumbudur, Tamil Nadu, to deliver the new devices to the…