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B&M saves 51 Wilko stores in £13m deal
A deal with B&M has saved 51 of Wilko’s 400 stores from closure, after the high street chain went into administration. The deal, worth £13m, was announced by B&M, which…
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UAE sets up gaming regulator, eyes casino legalization
The UAE is taking steps to become the first Gulf country to allow casinos, as it announced the formation of a federal authority to oversee the gaming industry. The new…
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AXA XL appoints Lucy Pilko as new Americas CEO
Lucy Pilko will be the new Americas CEO of AXA XL, a global insurer and reinsurer, starting from 30 October. She will be based in New York and oversee the…
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London Stock Exchange to launch blockchain-based trading platform
LONDON: The London Stock Exchange Group PLC (LSEG) is working on a new trading platform that will use blockchain technology to trade traditional financial assets, such as equities. This was…
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Google raises prices for Nest Aware subscriptions in the US
Google has announced that it is increasing the prices of its Nest Aware subscriptions, which provide users with advanced features and longer video history for their security cameras and doorbells.…
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Berkshire Hathaway Energy buys 50% stake in Cove Point LNG for $3.3 billion
Berkshire Hathaway Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway, has acquired a 50% stake in Cove Point LNG, LP, a liquefied natural gas (LNG) business, from Dominion Energy for…
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WBM Technologies acquires Carlyle Printers to expand in Manitoba
WBM Technologies LP (WBM), a Western Canadian leader in IT solutions, announced today that it has acquired Carlyle Printers Service and Supplies (Carlyle), a leading Manitoba print technology provider. The…
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Samsung Develops Industry-Leading 32Gb DDR5 DRAM
Samsung Electronics today announced that it has developed the industry's first and highest-capacity 32Gb DDR5 DRAM using 12 nanometer (nm)-class process technology. This achievement solidifies Samsung's leadership in next-generation DRAM…
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Krista Software appoints Michael Haske as new CEO
Krista Software, a leader in conversational AI and digital process automation, has appointed Michael Haske as its new Chief Executive Officer (CEO). Haske, who has over 30 years of experience…
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Meta May Offer Ad-Free Facebook and Instagram in EU for a Fee
According to a report by The New York Times, Meta may be planning to change its core business model and offer paid versions of Facebook and Instagram in the European…
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Shell sells UK and Germany home energy businesses to Octopus Energy
Shell has announced that it will sell its retail home energy businesses in the UK and Germany to Octopus Energy Group, a UK-based renewable energy supplier. The deal is part…
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Hyundai Motor buys 5% stake in Korea Zinc for $398 million
Hyundai Motor Group, the owner of Hyundai, Kia and Genesis brands, has announced that it will buy a 5% stake in Korea Zinc Co., the world’s largest producer of non-ferrous…