KAMPALA, Uganda -Thursday 25 July 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- AIDS Healthcare Foundation (AHF) today praised leaders at the World Bank for quickly committing $300 million in aid to the Democratic Republic of Congo (DRC) for its efforts to contain and eliminate an outbreak of Ebola in that country that has claimed nearly 1,700 lives.

As of July 12, there have been 2,477 Ebola cases in the Democratic Republic of Congo (DRC) that have resulted in 1,655 deaths. In addition, the virus spread to neighboring Uganda, where as of June 24, there have been a total of three confirmed cases of Ebola. All three individuals had recently traveled to the DRC, and all succumbed to the disease.

The World Bank’s commitment of aid comes after the World Health Organization (WHO) finally declared a Public Health Emergency of International Concern (PHEIC) in the DRC on July 17—a long overdue acknowledgement that the current Ebola outbreak remains uncontained an ... Read more »

CALGARY, Alberta -Thursday 25 July 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Cuda Oil and Gas Inc. (“Cuda” or the “Company”) (TSXV: CUDA) is pleased to announce that it has entered into a series of binding Asset Purchase Agreements (the “APAs”) to sell all of its oil and gas assets and related liabilities located in the Province of Quebec (“Quebec”) at a total transaction value of CAD$10.59 million, including cash consideration at closing of CAD $4.29 million, to arm’s-length purchasers (the “Transaction”). The Transaction is anticipated to close on or about August 30, 2019.

Highlights:

Cuda will dispose of all of its petroleum and natural gas rights in Quebec (the “Assets”) which includes all land permits, licenses and production rights and interests in the Province as well as all tangible assets including drilling and related equipment associated with the Assets;
The purchasers ... Read more »

Visa and its partners build a digital legacy for Japan and help to accelerate economic growth

SAN FRANCISCO & TOKYO-Thursday 25 July 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- With one year to go until the Olympic Games Tokyo 2020, Visa (NYSE: V), the Worldwide Payment Technology Partner of the Olympic Games, is preparing innovative payment experiences for athletes, visitors and citizens in support of the government’s “Cashless Japan” imperative to double the total of payments made digitally to 40 percent1 by 2025. With the Olympic Games Tokyo 2020 expected to be the most innovative Olympic and Paralympic Games yet, Visa is in a unique position to help the Games become a catalyst for delivering the best in digital payments to Japan.

 “There is virtually no other market in the world today that compares to Japan – it is the world’s third largest economy and a leader across many industries, yet commerce remains predominant ... Read more »

SEOUL, South Korea-Thursday 25 July 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- LG Chem (KRX: 051910) announced on 25th that it will host the 2nd Global Innovation Contest (GIC) for leading universities and research institutions worldwide.

Being the first of its kind in Korean chemical industry, Global Innovation Contest invites organizations around the world to discover innovative ideas and technologies.

The contest is open for entry until 30th September in 4 categories: Petrochemicals, Batteries, Advanced Materials, and Bio technologies.

Scholars and researchers who are interested in developing the next generation’s innovative technology and industry-academia collaboration research are welcome to participate and submit their research proposals through the official GIC website (http://www.rnd.lgchem.com/global/gic).

LG Chem will form a judging panel of internal experts to evaluate the research proposals based on the company’s business s ... Read more »

Global IoT security solution aims to safeguard critical data both on device and network level, in particular for the automotive industry

READING, England-Thursday 25 July 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Thales, a global leader in digital security, and Tata Communications, a leading global digital infrastructure provider, are working together to develop a secure global IoT connectivity solution. Tata Communications MOVE™ mobility and IoT platform and Thales’s T-Sure warranted digital identity offering is set to unlock the value in data generated by connected devices such as cars and trucks, whilst maintaining the integrity and security of IoT data.

In Tata Communications’ global Cycle of Progress1 survey, 30% of IT decision makers cited security and 25% cited privacy issues as the biggest barriers to IoT adoption. The combined capabilities of Tata Communications and Thales aims to lower these barriers and enable businesses and manufactu ... Read more »

ZURICH -Thursday 25 July 2019 [ AETOS Wire ]

(BUSINESS WIRE)– Continued growth despite market headwinds; transformation progressing

Total orders +1%1, order backlog +7%
Revenues +2%, book-to-bill2 1.03x
Operational EBITA margin2 11.5%, impacted 60 basis points by GEIS dilution and additional 90 basis points by stranded costs
Net income $64 million, includes $455 million charge related to planned exit of solar inverter business
Operational EPS2 $0.34, -10%3
Cash flow from operating activities zero, solid cash delivery expected for the full year
Announced sale of solar inverter business to streamline portfolio
“ABB continued to generate top-line momentum during the second quarter despite macroeconomic headwinds and geopolitical uncertainty,” said Peter Voser, Chairman and CEO of ABB. “Going forward we will drive long-term growth across our businesses, while staying focused on costs and portfolio manageme ... Read more »