BOSTON: According to the latest research from Strategy Analytics, global smartphone shipments fell 17 percent annually to reach 275 million units in the first quarter of 2020. This is the smartphone industry’s worst quarterly performance of all time. Samsung maintained…
SINGAPORE: Origin Energy Limited has established a strategic partnership with fast-growing United Kingdom retailer and emerging technology business Octopus Energy to transform its retail operations delivering a radical improvement in customer experience, a material reduction in costs, and opening up…
BASEL, SWITZERLAND: Moderna Inc., a clinical stage biotechnology company, and Lonza Ltd. have announced a 10-year strategic collaboration agreement to enable larger scale manufacture of Moderna’s mRNA vaccine (mRNA-1273) against the novel coronavirus (SARS-CoV-2) and additional Moderna products in the…
LONDON: International Airlines Group (IAG) announces that IBERIA LÍNEAS AÉREAS DE ESPAÑA S.A. OPERADORA, SOCIEDAD UNIPERSONAL (“Iberia”) and VUELING AIRLINES, S.A. (“Vueling”) have signed syndicated financing agreements for €750 million and €260 million respectively. The banks involved in the syndicated…
LONDON: genedrive plc (LON:GDR), the near patient molecular diagnostics company, has completed the last significant manufacturing milestone in the co-development of the Genedrive 96 SARS-CoV-2 kit with Cytiva. The PCR-based test has completed its pilot manufacturing runs and yielded high…
BENTONVILLE: Donna Morris, Chief People Officer at Walmart made the following announcement: “We’ve seen firsthand our associates’ unwavering focus to take care of customers and members while providing a vital service to communities. In this unprecedented period of time, we…
MUNICH: Donges Group, a 100% owned portfolio company of the Munich-based turnaround- investor Mutares, has completed the acquisition of Ruukki Building Systems, the Building Systems division of the Finnish Ruukki Construction, a subsidiary of SSAB Group. The transaction was signed…
OSLO: AM Best has revised the outlook for Protector Forsikring’s Long-Term Issuer Credit Rating (Long Term ICR) of BBB+ from stable to negative. The negative outlook on the Long-Term ICR reflects according to AM Best the deteriorating trend in risk-adjusted…
TORONTO: CanaFarma Hemp Products Corp. (formerly KYC Technology Inc.) has commenced trading on the Deutsche Börse (Frankfurt Stock Exchange) in Frankfurt, Germany. The Deutsche Börse is the 9th largest stock market in the world, with a market capitalization of $2,339…
VANCOUVER: Choom, an elevated cannabis company, who has one of the largest national retail networks in Canada, has received the Approved In Principle (AIP) retail cannabis licensing for its Olympic Village location in Vancouver, BC. Corey Gillon, CEO states, “Choom…
TORONTO: 12 Exploration Inc. has signed a binding letter agreement with 79North Ltd. to acquire all of the issued and outstanding shares of 79North. The Letter Agreement was negotiated at arm’s length and is effective as of April 29, 2020….
LYSAKER: Axxis Geo Solutions ASA has announced the completion of both the primary and extended portions of its ocean-bottom nodes (OBN) project in the Middle East. The project was completed with strict adherence to COVID-19 safety guidelines and the crew…