Reported 2 months ago
CloudZero, a provider of cloud cost efficiency solutions, has successfully raised $56 million in a Series C funding round led by BlueCrest Capital Management and Innovius Capital. The funding will enhance their AI-driven research and development, expand market strategies, and strengthen partnerships. Recognized by major companies like Coinbase and Expedia, CloudZero aims to optimize cloud costs, helping organizations gain a competitive edge while maintaining sustainable innovation.
Source: YAHOO
Reported 2 months ago
Access Bank has finalized its acquisition of the National Bank of Kenya (NBK) from KCB Group, gaining 100% ownership after obtaining necessary regulatory approvals. As a fully owned subsidiary, NBK will maintain operational independence during the integration process, which aims to expand Access Bank's presence in East Africa and enhance its banking services. The transition will focus on aligning operations and product offerings as both banks work towards functioning as a unified entity.
Source: YAHOO
Reported 2 months ago
铝包装提供商Ball公司与巴西的天然能量饮料品牌Açaí Motion合作，推出了一系列获得铝业管治倡议（ASI）认证的可持续铝罐。这些认证罐确保在产品生产链的每个环节遵循严格的环境、社会和治理标准，促进透明度和可持续责任，让消费者做出明智选择。新的铝罐采用Ball的专有内部涂层技术，延长了饮料的保质期，符合消费者期望。这一合作支持了饮料包装行业的循环经济，Açaí Motion的创始人表示，使用ASI认证的铝罐是其在全球市场的关键竞争优势。
Source: YAHOO
Reported 2 months ago
UK-based insurer The Standard has strengthened its collaboration with insurtech firm EvolutionIQ to integrate an AI-driven claims guidance platform into its disability insurance services. Following a successful rollout in 2024, this partnership aims to improve efficiency in claim processing and enhance the support provided to claimants during their recovery, ultimately aiming for better outcomes for policyholders.
Source: YAHOO
Reported 2 months ago
The automotive industry is facing a significant threat due to China's recent restrictions on rare-earth exports, which are crucial for producing key components in car manufacturing. Leaders from major automakers, including GM and Toyota, have expressed concerns to the Trump administration about potential shortages of rare-earth magnets. These components are essential for various automotive applications, and without reliable access, factories may face production disruptions or even shutdowns. The restrictions, which have complicated the licensing process for exporters, could have serious ramifications for U.S. vehicle production if the situation remains unresolved.
Source: YAHOO
Reported 2 months ago
Markel has named Lee Mooney as the new leader of its UK regional business, set to begin by the end of June, following the departure of Neil Galjaard. Under Galjaard’s leadership since 2016, Markel UK saw a 200% revenue increase and gained recognition for service excellence in commercial lines insurance. Mooney, who has over 25 years of experience and previously led Markel's UK commercial lines, will report to Henrik Bjornstad and aims to build on the existing success.
Source: YAHOO
Reported 2 months ago
The TA ESG Supplement 2025 has been launched, highlighting various positive initiatives in the accounting profession aimed at societal and environmental improvements. Despite recent challenges to ESG enthusiasm, this digital supplement showcases contributions from partners like ACCA, HLB, and Praxity Global Alliance, emphasizing their roles in accounting for carbon, promoting sustainable business, and enhancing transparency in combating modern slavery.
Source: YAHOO
Reported 2 months ago
UK wealth manager Shackleton has acquired IM Asset Management (IMAM) from Irwin Mitchell, which also includes TWP Wealth, a financial planning firm. The new division will focus on personalized services for clients with life-changing injuries. The merger will bring together a team of 88 professionals managing approximately £1.4bn in assets, strengthening Shackleton's market presence.
Source: YAHOO
Reported 2 months ago
LinkedIn has laid off 281 employees across California as part of broader job cuts by parent company Microsoft, which recently eliminated approximately 6,000 jobs globally. The affected positions include various roles in engineering and management, with the majority of layoffs concentrated in Mountain View and San Francisco. This follows a previous round of layoffs in 2023 that saw 716 employees let go, though no public communication has been made regarding this latest reduction.
Source: YAHOO
Reported 2 months ago
The U.S. dollar fell to its lowest in six weeks due to renewed trade tariff worries and geopolitical tensions as markets reacted to President Trump's plan to double tariffs on steel and aluminum. The euro surged despite impending interest rate cuts from the European Central Bank, while oil prices jumped as OPEC+ maintained production levels. The ECB faces a dilemma with a strengthening euro amid fears of capital flight from the U.S. and potential disinflationary effects.
Source: YAHOO
Reported 2 months ago
Dutch beverage company Refresco has announced its acquisition of Norway's Telemark Kildevann, enhancing its operations in the Nordic region. TKV specializes in soft drinks and bottled water, operating with two facilities in Norway and supplying products to retailers in Norway and Sweden. The deal will integrate over 60 TKV employees into Refresco's workforce and is pending regulatory approval. This move follows several acquisitions by Refresco in recent years aimed at expanding its market presence.
Source: YAHOO
Reported 2 months ago
Geely is encountering resistance from investors regarding its $2.2 billion bid to take its electric vehicle brand Zeekr private, with early investors arguing the offer undervalues the company. Concerns have been raised by significant stakeholders, including Contemporary Amperex Technology, who believe the proposed valuation is significantly lower than Zeekr's true worth compared to competitors. The bid comes as Geely aims to fully integrate Zeekr into its main automotive division, raising questions about the company's future listings and strategies amid intense market competition.
Source: YAHOO
Reported 2 months ago
Lucid Group's stock has fallen dramatically, trading under $3 amidst a decline in consumer interest for expensive electric vehicles (EVs). Despite producing high-quality EVs, Lucid faces significant challenges including rising prices, high interest rates, reduced incentives, and a lack of charging infrastructure, which complicates its appeal to buyers. Analysts recommend caution for potential investors, suggesting that uncertainties in the EV market may warrant waiting before making a purchase.
Source: YAHOO
Reported 2 months ago
The Levitt family faces turmoil after Caroline Levitt discovers she is the sole beneficiary of her father's estate, leading to disputes with her estranged siblings. Her father, who disinherited them due to past grievances, left Caroline everything, prompting her siblings to accuse her of selfishness for not sharing. As Caroline grapples with guilt and the legal implications of her inheritance, she must decide whether to honor her father's wishes or maintain family ties.
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Source: YAHOO
Reported 2 months ago
Tangshan Sanyou has inaugurated a new facility featuring a pilot line capable of processing 10 tonnes of waste cotton textiles into viscose fibres, aimed at enhancing their recycled MMCF product, ReVisco. This initiative underscores the company's commitment to sustainable and circular fibre production as it collaborates with Circulose and integrates innovative technologies into its offerings. Plans are in motion to boost ReVisco's annual production capacity to 200,000 tonnes, aligning with market demand and exploring alternative raw materials.
Source: YAHOO
Reported 2 months ago
The European sporting goods industry, represented by FESI, has shown strong support for the EU's new Single Market Strategy, which aims to eliminate trade barriers and enhance economic growth across the region. FESI is particularly focused on addressing fragmented labelling and Extended Producer Responsibility (EPR) requirements, which hinder both large brands and SMEs. While the strategy is seen as a positive step, FESI raises concerns over the European Commission's recent approval of France's Ecoscore system, fearing it may contradict the goals of regulatory harmonization. FESI pledges to work closely with the Commission to ensure effective implementation of the strategy.
Source: YAHOO
Reported 2 months ago
In June 2025, investors should consider three promising growth stocks: CoreWeave, an AI infrastructure provider experiencing explosive growth; Viking Therapeutics, a biotech firm with significant potential in obesity treatments; and Navitas Semiconductor, a leader in next-gen power semiconductors. Each company is positioned for substantial gains, driven by innovative technologies and potential breakthroughs, despite individual risks and market conditions.
Source: YAHOO
Reported 2 months ago
D-Wave Quantum has seen a dramatic 1,154% surge in stock price over the past year, attracting investors intrigued by the potential of quantum computing. Despite being a relatively small company founded in 1999, D-Wave is advancing rapidly in a promising industry, boasting significant revenue growth and backing from major tech leaders. However, the stock remains speculative, with uncertainties regarding future sales and industry viability, urging potential investors to consider options beyond D-Wave.
Source: YAHOO
Reported 2 months ago
Taiwan Semiconductor Manufacturing Co. is considering establishing a gigafab in the United Arab Emirates, aiming for a complex of six factories similar to its Arizona facility. However, this venture requires regulatory approval from the U.S. government due to the UAE's ties with China and Iran. Meetings with U.S. officials have taken place, but previous attempts at geographic diversification in the UAE did not succeed. As demand for advanced chips rises, particularly for AI applications, the UAE has sought easier access to essential semiconductor technology.
Source: YAHOO
Reported 2 months ago
A recent survey by Grant Thornton UK reveals that 62% of CFOs in the UK do not have a strong relationship with their HR Directors, despite 94% acknowledging the importance of such connections for business success. The research highlights a broader disconnect among C-suite executives, with less than half reporting strong collaborative relationships within the executive team. This lack of communication hinders effective organizational change and suggests that CFOs need to adopt a strategic approach to workforce planning and foster stronger ties with HRDs for better overall performance.
Source: YAHOO
Reported 2 months ago
MIB Group has announced the election of Bruce Parker as the new chairperson, with Bruce Baude as vice-chair, and the addition of three new directors for the 2025-26 term. Parker, who has extensive experience in the life insurance industry, aims to advance MIB's role as a crucial partner in providing data and digital solutions. The board also confirmed the re-election of six current members amidst a transformation of MIB into a diversified service provider.
Source: YAHOO