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Featured

Unions to protest as Volkswagen thrashes out job cut plans

German auto giant Volkswagen's management meet Thursday to thrash out plans for what could be the biggest ever restructuring in the global auto industry, with unions set to protest any mass job cuts.

EU moves closer to kicking kids off social media

Restrictions on children's use of social media in the European Union could come as early as this summer, as a long-awaited expert report next week is expected to recommend limiting minors' access to online platforms.

Last news

UK pledges to cut government spending waste

UK government departments must find efficiency savings of five percent, finance minister Rachel Reeves insisted Tuesday, vowing to take an "iron fist" to public-spending waste.

Air passenger numbers to top five billion in 2025: IATA

Air passenger numbers are forecast to top five billion for the first time next year and the sector's revenues will break the trillion-dollar barrier, the global aviation body IATA said on Tuesday.

Stellantis, Chinese firm CATL plan $4bn battery plant in Spain

Car giant Stellantis and Chinese manufacturer CATL said Tuesday they would build a $4.3-billion factory to make electric vehicle batteries in Spain, the latest bid to boost Europe's troubled EV drive.

'Huge demand': Portugal dreams of becoming medical cannabis hub

"We should be the new El Dorado of medical cannabis production," said agronomist Jose Martins as dozens of workers harvested marijuana in bright sunshine at a farm in southeastern Portugal.

China's Xi warns 'no winners' in trade war with US

Chinese President Xi Jinping warned Tuesday that there would be "no winners" in a trade war with the United States and vowed the country would hit its growth goals for the year.

The trial of a king: ancient royal ritual in Cameroon promotes peace

Chatter muffled as members of a secret society, masked and garbed in honey-coloured robes, entered the court of Foumban, the historic capital of a centuries-old kingdom nestled in hilly northwestern Cameroon.

Hong Kong, Shanghai rally on China optimism as Seoul rebounds

Hong Kong and Shanghai stocks rallied Tuesday after China pledged to adopt a looser monetary policy to revive the stuttering economy, while Seoul rebounded after days of losses fuelled by the brief declaration of martial law by South Korea's president.

Resolution Life Acquired by Nippon Life

Resolution Life announces the acquisition of 100% of its shares by Nippon Life at a valuation of $10.6 billionThe transaction will accelerate growth for both Resolution Life and Nippon Life in the highly active, multi-trillion-dollar global life and annuity consolidation sectorResolution Life, which comprises Resolution Re, Resolution Life US and Resolution Life Australasia will retain the Resolution brandResolution Life Australasia and Nippon Life's Australian company, MLC, will be merged to form AcendaBlackstone will continue to be Resolution Life's investment manager across private credit and other key areas

Gladstone Investment Corporation Prices Public Offering of 7.875% Notes due 2030

Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced that it priced a public offering of $110.0 million aggregate principal amount of 7.875% Notes due 2030 (the "Notes") on December 10, 2024. The Notes will mature on February 1, 2030 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after February 1, 2027. The Notes will bear interest at a rate of 7.875% per year payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning February 1, 2025. The Company also granted the underwriters a 30-day option to purchase up to an additional $16.5 million in aggregate principal amount of Notes to cover overallotments, if any. The Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol "GAINI" within 30 days of issuance. Oppenheimer & Co. Inc., B. Riley Securities, Inc. and Lucid Capital Markets, LLC are acting as joint book-running managers for this offering. InspereX LLC, Janney Montgomery Scott LLC and Wedbush Securities Inc. are acting as co-managers for this offering.

RE Royalties Announces Final Closing of Private Placement of Series 4 Secured Green Bonds

All amounts in Canadian dollars unless otherwise statedNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES

abrdn Emerging Markets Equity Income Fund, Inc. (AEF) Announces Results Of Strategic Review Including: Changes To The Fund’s Name And Investment Strategy, A 20% Tender Offer And Renewed Performance-based Conditional Tender Offer Policy, And An Increase To Managed Distribution Policy

abrdn Emerging Markets Equity Income Fund, Inc. (NYSE American:AEF) announces results of a strategic review conducted by the Fund's Board of Directors (the "Board") at a meeting held today.

abrdn Income Credit Strategies Fund (ACP) Announces Change to Monthly Distribution Expected to be Maintained for at Least the Next 12 Months

abrdn Income Credit Strategies Fund (NYSE:ACP) (the "Fund"), a closed-end fund, announced today that it has reduced its monthly distribution from US 10 cents per share to US 7.75 cents per share, commencing with the distribution payable on January 10, 2025 to shareholders of record as of December 30, 2024 (ex-dividend date December 30, 2024).

Abrdn Income Credit Strategies Fund 5.25% Series A Perpetual Preferred Shares Declare Quarterly Dividend

The Board of Trustees of abrdn Income Credit Strategies Fund (the "Fund"), has declared a cash distribution of $0.328125 per share of the Fund's 5.250% Series A Perpetual Preferred Shares (NYSE:ACP PRA) ("Series A Preferred Shares"). The distribution is payable on December 31, 2024, to holders of Series A Preferred Shares of record on December 20, 2024 (ex-dividend date December 20, 2024).

Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.1175 Per Share

Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of December 2024 of $0.1175 per common share, payable as noted below.

Sensiba LLP Launches Penetration Testing and Vulnerability Assessments

Sensiba LLP, a Top-75 U.S. accounting and advisory firm, and leader in cybersecurity and compliance services, announced today the launch of its new Penetration Testing service. With this addition, Sensiba provides an end-to-end security framework to help organizations identify vulnerabilities, safeguard operations, and strengthen cyber resilience.

Valsoft Corporation Expands in the Construction Software Industry With the Acquisition of Buildsoft

Valsoft Corporation Inc. ("Valsoft"), a Canadian company specializing in the acquisition and development of vertical market software businesses, is pleased to announce the acquisition of Buildsoft, a pioneer in estimating, takeoff, and tender management solutions for the construction industry, serving Australia and international markets for over 40 years.

Tecogen Receives Orders for 8 Tecopower Cogeneration Systems

Tecogen Inc. (OTCQX:TGEN), a clean energy company providing ultra-efficient and clean on-site power, heating and cooling equipment, is pleased to announce orders for eight 75KW Tecopower cogeneration systems for multiple buildings and customers in the Northeast. These orders were generated through Tecogen's project developer relationships.

The Very First Asia-Pacific OZ Industrial Park in the U.S. is Opening Soon

Token Communities is entering the Industrial Park real Estate Market in TX

Harte Hanks Teams Up With Reddy to Revolutionize Customer Care Using AI-Driven Solutions

Harte Hanks, Inc. (NASDAQ:HHS), the 101-year-old Massachusetts-based global customer experience company, today announced it's collaborating with Reddy, a contact center coaching and training platform that uses AI to help businesses automate and optimize their contact centers.

Pioneer Institute Offers Blueprint for Federal Administrative Reform

Proposed changes to rulemaking and grantmaking will boost accountability and state policy innovation

Gryphon Digital Mining Signs Definitive Agreement for Natural Gas Assets, Securing Low-Cost Power of 100 MW, Expandable and Scalable to 1 GW

Pending acquisition is expected to deliver:Natural gas asset in Canada with 5+ Tcf of contingent resourcePhase 1 power generation of 100 MW with expansion potential up to 1 GWAll in energy costs of less than $0.03/KWH

GreetEat Corp. (OTC:REPO) Announces Beta Launch of Its Virtual Dining Platform, Now Open for Early Access

GreetEat Corp. (OTC PINK:REPO), a technology company dedicated to connecting people over virtual dining experiences, today announced the launch of its innovative platform for facilitating remote meetings, events and celebrations. This exclusive early access program invites users to join the platform and participate in its evolution before the full public launch. GreetEat is designed to bring people together over a personalized meal, wherever they may be.

Kueski Welcomes Andreas Waldmann as Chief Marketing Officer

Fintech and Banking Leader Brings 20 Years of Expertise to Drive Growth and Innovation at Kueski

Apiture and Newtek Bank Honored for Best Bank-Fintech Partnership in the IBSi Global FinTech Innovation Awards

Newtek Bank tripled deposits in 2023 using the Apiture Digital Banking Platform

Hygreen Energy Delivers 25MW Electrolyzer System to Largest Hydrogen Project in Shandong

Commissioning of Hygreen’s alkaline electrolyzer system is expected to be completed in Q1 of 2025

SOLO(TM) Micro Modular Reactor Takes Over Wall Street: At NYSE, SOLO Redefines the Future of Clean Energy with Existing, Validated, and Qualified 1MWe Nuclear Technology

Terra Innovatum Makes Global Debut Interviewing at NYSE to Introduce SOLO™: The World's First Micro Modular Nuclear Reactor Set for Commercial Launch by 2028

Carter Bank Announces North Carolina Branch Acquisition From First Reliance Bank

Carter Bankshares, Inc. (NASDAQ:CARE) and First Reliance Bancshares, Inc. (OTC PINK:FSRL), announced today that their wholly owned subsidiaries, Carter Bank and First Reliance Bank, entered into a definitive Purchase and Assumption Agreement (the "Agreement") under which Carter Bank will acquire deposits associated with First Reliance Bank's two branches in Mooresville and Winston-Salem, as well as First Reliance Bank's Winston-Salem branch facility (the "Transaction").

QS Energy Achieves Phase 4 Milestone with Southeast Asia’s Leading Energy Producer

Advancing Energy Efficiency and Expanding AOT Deployment Globally

Alset AI Acquires Majority Ownership of Artificial Intelligence Cloud Computing Company, Cedarcross Technologies

an artificial intelligence (AI) venture company advancing innovation through strategic investment and cloud computing solutions, announces it has entered into share exchange agreements dated December 8 2024 (collectively, the "Agreements"), to acquire an aggregate26% stake in Cedarcross International Technologies Inc. ("Cedarcross Technologies"), a private British Columbia corporation. Upon closing, Alset AI will hold an approximately 75% equity interest in Cedarcross Technologies, reinforcing its commitment to driving innovation in AI cloud infrastructure.

Integrated Financial Technologies Achieves Record Growth in 2024

Smartsourcing Provider Sees Revenue Increase More Than 40 Percent

OakWood Designers & Builders Wins Consumer Choice Award for Home Renovation & Design in Ottawa

Consumer Choice Award (CCA) is excited to announce OakWood Designers & Builders as Ottawa's Home Renovation & Design category winner. This prestigious award highlights OakWood's commitment to delivering exceptional craftsmanship, innovative designs, and sustainable building practices for over 65 years.

B&P Cycle and Sports Wins Consumer Choice Award for Bicycle Sales and Services in Southern Alberta

Consumer Choice Award (CCA) proudly announces that B&P Cycle and Sports has won in the Bicycle Sales and Services category in Southern Alberta. This prestigious award recognizes businesses with exceptional service, product quality, and customer satisfaction.

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