Johnson & Johnson to spin out consumer products division
LONDON, UK: Johnson & Johnson will split into two public companies, a news release said. The pharmaceutical and medical devices divisions will be separated from...
Millicom to acquire full control of Tigo Guatemala for $2.2bn
LUXEMBOURG; Millicom has signed an agreement to acquire the remaining 45% equity interest in its joint venture businesses in Guatemala (collectively, “Tigo Guatemala”) from partner...
ITC & Alibaba partner to support digital trade in developing countries
SHANGHAI, CHINA: International Trade Centre (ITC) and Alibaba.com have partnered to launch the “Global Digital Trade Accelerator for MSMEs in Developing Countries” initiative during the...
BHP Group to sell BHP Mitsui Coal for $1.35bn
LONDON, UK: BHP Group signed a deal to sell its stake in BHP Mitsui Coal (BMC), a metallurgical coal joint venture in Queensland, to Stanmore Resources for...
Bank Alfalah, Adal Fintech collaborate to provide digital lending
ISLAMABAD, PAKISTAN: Bank Alfalah and Adal Fintech have collaborated to offer digital supply chain financing all over Pakistan, a news release noted. The scope of...
Vitol Bahrain, QP Trading offer LNG to Pakistan at up to $30.65/mmbtu
KARACHI: Pakistan LNG Limited (PLL) has received the lowest bids in the range of $29.896/mmbtu to $30.65/mmbtu in response of an emergency tender issued on...
IBM separates managed infrastructure services business to Kyndryl
ARMONK, N.Y.: IBM has completed the separation of its managed infrastructure services business to Kyndryl, a news release said. Starting on November 4, 2021, Kyndryl...
Emirates Recognized for Excellence in Digital Customer Experience
DUBAI: Emirates’ marketing team has been recognized by Sitecore, one of the world’s leading digital experience platforms, for “Best Use of a Customer Data Platform...
Oneweb partners with Redtone Telecommunications Pakistan
KARACHI: OneWeb, the global communications network powered from Space, has signed a Memorandum of Understanding (MoU) for Pakistan with REDtone Telecommunications Pakistan Pvt. Ltd (a...
Toyota upgrading Kentucky plant with $461mn investment
GEORGETOWN: Toyota Motor will invest $461 million into its central Kentucky plant to add new technology, increase production flexibility and reduce its carbon footprint. Plans...
Facebook changes its name to Meta
Facebook has changed its corporate name to Meta as part of a major rebrand. The company said it would better “encompass” what it does, as...
Zong and REDRETAIL to promote digital payments in Pakistan
ISLAMABAD, PAKISTAN: Zong, Pakistan’s leading telecom and digital services company, has partnered with REDRETAIL (a REDtone Group company) to promote digital payments in Pakistan. This...