WILSONVILLE: ESS Inc. has appointed of Eric Dresselhuys as Chief Executive Officer, a news release said. Dresselhuys will leverage his proven strategic vision and executive leadership skills to guide the company through its next phase of growth as it expands its market presence and joins the global effort to decarbonize our energy systems. Dresselhuys joins…
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Apple launches AirTag
CUPERTINO: Apple has introduced AirTag, a small and elegantly designed accessory that helps keep track of and find the items that matter most with Apple’s Find My app. Whether attached to a handbag, keys, backpack, or other items, AirTag taps into the vast, global Find My network and can help locate a lost item, all…
Athleta to enter Canada, first company owned expansion outside United States
SAN FRANCISCO: Gap Inc. brand Athleta, announced it will enter Canada later this year, marking the performance lifestyle brand’s first company owned expansion outside the United States. Athleta plans to launch e-commerce late this summer followed by opening retail stores at Yorkdale Shopping Center in North York, Ontario and Park Royal Shopping Centre in West…
Fresh Acquisitions LLC files for Chapter 11 Bankruptcy
SAN ANTONIO: Fresh Acquisitions LLC filed for Chapter 11 bankruptcy protection earlier to strengthen their operations and recapitalize their businesses. The companies will have access to additional liquidity through a post-petition debtor in possession loan being extended by VitaNova Brands. “As with almost every one of our peers, buffet restaurants took the brunt of the…
Zoom Video Communications sets up $100 million venture fund
SAN JOSE: Zoom Video Communications announced the Zoom Apps Fund, a new $100 million venture fund created to stimulate growth of Zoom’s ecosystem of Zoom Apps, integrations, developer platform, and hardware. Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how Zoom customers meet, communicate,…
Pfizer and BioNTech to supply European Union with 100 million additional doses
NEW YORK: Pfizer Inc. and BioNTech SE announced they will supply an additional 100 million doses of COMIRNATY, the companies’ COVID-19 vaccine, to the 27 European Union (EU) member states in 2021. This announcement is a result of the European Commission’s (EC) decision to exercise its option to purchase an additional 100 million doses under its expanded Advanced Purchase…
FPCCI creates Policy & Research Board headed by Younus Dagha
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has formed a Policy & Research Board comprising of top-level economic, business, trade, and industry experts. FPCCI is the apex representative body of the business, industry, and trade community of Pakistan. The Policy & Research Board of FPCCI is mandated to provide research-based expert input…
Adobe co-founder Dr. Geschke passes at 81
SAN JOSE: Adobe (Nasdaq:ADBE) shares the passing of the company’s beloved co-founder, Dr. Charles Geschke. Dr. Geschke passed away on Friday, surrounded by his family. Dr. Geschke co-founded Adobe in 1982 with Dr. John Warnock, a colleague from Xerox. Their first product was Adobe PostScript, a pivotal technology that sparked the desktop publishing revolution. Dr….
Zeepay Ghana acquires Mangwee Mobile Money in Zambia
LUSAKA: Zeepay, the leading African Challenger Fintech with operations in over 10 African countries has acquired a 51 percent stake in Mangwee Mobile Money in Zambia, a news release said. In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay. The deal makes Zeepay Ghana the…
YCharts forms partnership with United Planners Financial Services
CHICAGO: YCharts has formed a new partnership with United Planners Financial Services, a news release said. United Planners’ more than 450 affiliated financial advisors will have access to YCharts’ tools to research investment opportunities, build portfolio strategies, and communicate insights to their clients and prospects. Financial advisors will have access to YCharts’ full suite including…
Hileman Cowley and LLJ Ventures sell Comcast Esports Studio to Nuveen
LOS ANGELES: Hileman Cowley Partners and LLJ Ventures announced the sale of Comcast Esports Studios to Nuveen. Located in the heart of the Burbank / Glendale Media Triangle, Comcast Esports Studios, now under construction, will be a state-of-the-art production, streaming, and broadcast facility. Equipped with two sound stages, two production studios, open working areas, outdoor…
Mochi.Market partners with Plasm Network
SINGAPORE: MochiLab’s Mochi.Market will partner with Plasm Network to build a Polkadot version of its multi-chain NFT DEX ecosystem, a news release said. Mochi.Market aims to solve three important challenges in the NFT marketplace including lack of liquidity, lack of monetization strategy for NFT holders, and lack of cross-chain usage between NFTs and fungible tokens…