December 8, 2023 12:17 pm
The US Federal Permitting Improvement Steering Council on Thursday gave final nod to the construction of a $1.5 billion offshore wind farm off the coast of Rhode Island. Known as Revolution Wind, the project is expected to generate a total of 704 megawatts of clean energy to Connecticut and Rhode Island. The project is run […]
Read moreDecember 8, 2023 8:26 am
Annual consumer price inflation in Germany was confirmed at 3.2% in November, or the lowest rate since June 2021. It has slowed from 3.8% in October. In monthly terms, German consumer prices decreased 0.4% in November, after registering zero growth in October. Last month, the main downward pressure came from a notable slowdown in food […]
Read moreDecember 8, 2023 7:26 am
Bitdeer Technologies Group said on Thursday that it had mined 403 Bitcoins in November. That figure represented a 12.8% decrease compared to October, mostly because of a temporary curtailment of power and the mining machines downclocking at the company’s mining facilities in Norway. On the other hand, November’s result represented an 81.5% surge compared to […]
Read moreDecember 7, 2023 10:52 am
ASSA ABLOY said on Thursday that it had acquired Ghost Controls, a US-based supplier of automated residential gate openers. Established in 2015, Ghost Controls currently employs about 40 people. The US company’s revenue for the full year 2022 stood at around $30 million (nearly SEK 300 million) with a strong EBIT margin. The acquisition will […]
Read moreDecember 7, 2023 8:26 am
Knightscope Inc, a developer of autonomous security robots and blue light emergency communication systems, said on Wednesday that it had appointed Apoorv S Dwivedi as its next Executive Vice President and Chief Financial Officer, effective January 2024. Meanwhile, Mallorie Burak, President and CFO, is to step down from those roles in early January in pursuit […]
Read moreDecember 6, 2023 12:27 pm
MYND Life Sciences Inc, a bio-pharmaceutical research and development company, announced on Tuesday that it had appointed John Campbell as President and Chief Executive Officer with immediate effect. Campbell has a vast experience in new business development, mergers, acquisitions and corporate turnarounds. Previously, Campbell was the President and Co-Founder of Odyssey Trust Company. He holds […]
Read moreDecember 6, 2023 10:21 am
Retail sales in the Euro Area rose at a monthly rate of 0.1% in October, while snapping a four-month streak of decreases or stagnant growth. In comparison, market consensus had pointed to a 0.2% growth. Consumer demand still remained weak because of persistently high inflation and higher interest rates. In October, sales of food, drinks […]
Read moreDecember 6, 2023 8:29 am
Having taken a hit after the Reserve Bank of Australia’s latest policy decision on Tuesday, the Australian Dollar recouped part of the losses on Wednesday, with the AUD/JPY pair advancing almost 0.5%. Meanwhile, market players wagered interest rates would be heading lower in 2024. The chances of another RBA rate hike are now seen at […]
Read moreDecember 5, 2023 12:24 pm
ASSA ABLOY said on Tuesday that it had acquired Leone Fence, an Ontario, Canada-based manufacturer, distributor and installer of fencing products for commercial and residential applications. Established in 1975, Leone Fence currently employs about 60 people. The Canadian company’s revenue for the full year 2022 stood at around CAD 39 million (nearly SEK 300 million) […]
Read moreDecember 5, 2023 9:40 am
Private sector activity in the Euro Area registered another notable contraction in November, but still, the pace was slower than initially estimated. Euro Area’s Composite Purchasing Managers’ Index (PMI) was reported at a final 47.6 in November, up from a preliminary estimate of 47.1 and improving from October’s near three-year low of 46.5. New business […]
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