Sandvik appoints new President of business area Sandvik Rock Processing Solutions

Sandvik reported that the company has selected Richard Harris as President of business area Sandvik Rock Processing Solutions (SRP) and new member of the Sandvik Group Executive Management, effective October…

Baseload Power Iceland to increase capacity with new geothermal well

Baseload Power Iceland and Varmaorka ehf. are pleased to announce that they have received all required approval to begin drilling a new well called ER-24 and located in Efri-Reykir, Bláskógabygð…

The BuildData Group Hires Chief Marketing Officer

BuildData Group AB reported that it has hired Maria Hudson as Group Chief Marketing Officer (CMO). As a seasoned professional and marketing stalwart, Maria has held key senior positions across…

Peab builds apartments in Gothenburg

Peab has been commissioned to build 138 apartments in the project Trägården stage 2 in Askim in southern Gothenburg. The customer is Stena Fastigheter Göteborg AB and the contract is…

Economic crisis in Sri Lanka: ‘I don’t have money to buy milk for my babies’

The smell hits you first. Freshly cooked rice, lentils and spinach delivered by ladles from steaming cauldrons. Dozens of families, including mothers with babies, lined up with plates in their hands…

Mitsubishi UFJ acquires Nomura HD’s Thai securities subsidiary for 21.2 billion yen

Mitsubishi UFJ has acquired 99.1% of the issued shares of Capital Nomura Securities (CNC), a medium-sized Thai securities company, and plans to acquire all the shares by the end of…

Siemens Germany ties up with NVIDIA to build industrial metaverse

Siemens, a German engineering group, signed an agreement with US semiconductor giant Nvidia on the 29th to build an industrial metaverse. With Metaverse, an enhanced virtual reality environment, companies can reduce…

German Uniper Requests Government Support Due to Soaring Gas Procurement Costs

German gas and power company Uniper, a major consumer of Russian natural gas, has fallen into financial difficulty and has requested assistance from the German government. The Ukraine crisis and…