LONDON: Diageo has sold its 80.4% stake in Guinness Ghana Breweries to Castel Group for $81 million, marking a strategic shift in its African operations. The deal, announced Tuesday, follows months of speculation about Diageo’s plans in West Africa, which the company had previously denied. Under the agreement, Diageo will retain ownership of the Guinness brand and…
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OpenAI, Oracle, and SoftBank, will invest $500 billion for artificial intelligence infrastructure in United States
Stargate, a joint venture led by OpenAI, Oracle, and SoftBank, will invest $500 billion for artificial intelligence infrastructure in United States. President Donald Trump announced the three companies plan to build 20 massive datacenters and create 100,000 jobs in the U.S. This follows a March 2024 report detailing a $100 billion data center project by…
KKR acquires Dawsongroup to advance sustainable growth
LONDONH: Dawsongroup, a leading independent asset leasing business, and KKR, a global investment firm, announced today that KKR has entered into a binding agreement to acquire Dawsongroup. The acquisition is part of KKR’s Global Climate strategy aimed at scaling net-zero solutions and decarbonizing higher emitting assets, aligning closely with Dawsongroup’s sustainability goals. Established in 1935…
Wabtec Corporation announces acquisition of Evident’s Inspection Technologies
Wabtec Corporation (NYSE: WAB) has announced a definitive agreement to acquire Evident’s Inspection Technologies division. The division, formerly part of the Scientific Solutions Division of Olympus Corporation, is recognized globally for its industry-leading technologies in Non-Destructive Testing, Remote Visual Inspection, and Analytical Instruments solutions for mission-critical assets. The acquisition is set to significantly enhance Wabtec’s…
Uvaro acquires Lighthouse Labs, enhances workforce development programs
TORONTO: Uvaro, a leader in career success and workforce development programs, has acquired tech education leader Lighthouse Labs, becoming one of Canada’s largest workforce development organizations. This acquisition aims to create a national platform and network that will equip individuals, businesses, and communities with the skills and tools needed to thrive in a fast-changing economy….
World Bank highlights urgent need for robust AI governance
The World Bank has released a report emphasizing the urgent need for effective AI governance as artificial intelligence becomes increasingly integral to global economies and societies. The rapid advancement of AI technologies and their widespread adoption across various sectors, including healthcare, finance, agriculture, and public administration, present both unprecedented opportunities and significant risks. Ensuring that AI is…
Hiphen acquires Aurea Imaging’s drone phenotyping operations
AVIGNON: Hiphen and Aurea Imaging, leaders in remote sensing, computer vision, and AI for agriculture, announced a significant acquisition on Monday. Hiphen will acquire Aurea Imaging’s drone phenotyping operations, enhancing its position as a top provider of advanced drone image analytics for crop science and agriculture globally. Established in 2014 and based in Avignon, France,…
China Mobile and Telecom Egypt forge strategic partnership
HONG KONG: China Mobile International (CMI) and Telecom Egypt have announced a strategic commercial agreement signed by Mr. Wang Hua, Chairman and Chief Executive Officer of CMI, and Mr. Mohamed Nasr, Managing Director and Chief Executive Officer of Telecom Egypt. This landmark commercial agreement capitalizes on both companies’ investments in subsea cable infrastructure and resource…
Circle and Binance announce strategic partnership
Today, at Abu Dhabi Finance Week, Circle Internet Group Inc. and Binance announced a new partnership to boost the use of USDC, a popular digital dollar. This partnership aims to enhance the global digital assets and financial services ecosystem. Key Points: 1. Expanding USDC Usage: – Binance will make USDC more accessible across its…
Mitsubishi Electric invests in New Zealand startup Zenno Astronautics
Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Zenno Astronautics Ltd., a New Zealand-based startup specializing in superconducting technology for space applications. This marks the ninth investment by the fund. As satellites become smaller and more affordable, the number of satellite launches is rapidly increasing, heightening the importance…
TotalEnergies suspends financial contributions in Adani Group
TotalEnergies has decided to halt any new financial contributions to the Adani group until the accusations against certain Adani group individuals and their consequences are clarified. This decision follows public announcements by U.S. authorities regarding the indictment of specific Adani group executives in connection to an alleged corruption scheme linked to Adani Green Energy Limited…
GFH Partners acquires a $300 million portfolio of A-Class US student housing asset
DUBAI: GFH Partners Ltd., the DIFC based global asset management arm of GFH Financial Group, today announced that it has successfully secured A-Class purpose built student housing assets worth US$ 300 million in the United States. The assets have been added to GFH Partners’ US student housing platform, which now has more than 5,500 beds…