Hong Kong -Wednesday 20 July 2022

Hong Kong - GEMS, the world first blockchain Esports platform, will be attending the Singapore Blockchain Week (SGBCW) - one of the biggest blockchain events in Asia - with exhibition booths to present its Esports 3.0 Platform from 25 to 29 July, demonstrating the immersive O2O (online to offline) experience of Esports.

Andy Koh, CEO of GEMS, will join a keynote speech to share insights about developing Esports 3.0 with leverage on the blockchain ecosystem. Yuan Wong and Tracy Sheriden Tan, CEO of LABS Group and Arena Esports Hotel respectively, which are crucial partners of GEMS, will also join panel to discuss substantial trends in the ever-growing blockchain landscape at the summit.

During SGBCW, visitors could get first-hand experience of the future Esports with GEMS Esports 3.0 Platform by trying out different virtual and real-life gaming scenarios at its exhibition booths. The new Esports gaming site will also provide a ... Read more »

SHANGHAI - Wednesday, 20. July 2022  

(BUSINESS WIRE)-- Sage-ONF, a synthetic leather supplier boasting 29 years of experience in design, development, manufacturing and sales, launches serial production of Silicone Synthetic leather. The Sage-ONF plant has begun manufacturing the Silicone Synthetic leather in Shanghai, China.

As consumers continue to demand greater sustainability commitments, this new venture extends Sage-ONF’s heritage of sustainability by delivering Silicone Synthetic leather as an innovative petroleum-free, non-carbon-based product solution for today’s mobility interiors. With a steadfast conviction to continuous innovation and earth-friendly business practices, this new material avoids DMF and plasticizer usage.

“Bringing together our core competencies as Sage-ONF, we bridge the gap between consumer expectations and industry capabilities to provide alternatives that are both environmentally friendly and bolster anim ... Read more »

-ABB to spin off Accelleron and list the company on SIX Swiss Exchange
-The transaction will allow both ABB and Accelleron to focus on their respective core strategies and long-term value creation for their stakeholders
-ABB’s shareholders can realize the full value of Accelleron while allowing ABB to focus on its core portfolio in the areas of electrification and automation
-Accelleron as the market-leader in heavy-duty turbocharging can focus on reaching its full potential in the large engine industry
-Accelleron is a profitable and cash generative business targeting an attractive dividend policy
-ABB shareholders to receive 1 Accelleron share for every 20 ABB shares they hold
-The spin-off is subject to approval by ABB’s Extraordinary General Meeting (EGM) scheduled for September 7, 2022, and subsequent listing planned for October 3, 2022

(BUSINESS WIRE) -- Following a decision by its Board of Directors, ABB today announces ... Read more »

AUSTIN, Texas - Wednesday, 20. July 2022 AETOSWire

CynergisTek to provide its flagship Compliance Assist Partner Program (CAPP) and Vendor Security Management (VSM) services to leading Academic Medical System

(BUSINESS WIRE) -- CynergisTek, Inc. (NYSE American: CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces a multi-year extension with a 500+ bed, academic medical center in California. Through this ongoing partnership, CynergisTek will provide this client with its signature Compliance Assist Partner Program (CAPP) service. This service is designed to provide consistent engagement through cybersecurity managed services such as an enterprise risk assessment, advisory services, interoperability security controls assessment, penetration testing, medical device assessment, and Vendor Security Management to assess and report on third-party risk ... Read more »

GENEVA - Wednesday, 20. July 2022 

STALICLA will be a leading contributor to the Euro-Global Platform for Mechanism-based Drug Repurposing (REPO4EU) consortium, with a EUR 1.7 million budget allocated to STALICLA Discovery and Data Science (DDS) unit

(BUSINESS WIRE)-- REPO4EU consortium seeks to address the urgent need for new cost-effective therapies, as well as to improve existing treatments through international cooperation, pooling research and innovation expertise. A total of EUR 22 million grant has been awarded to REPO4EU by EU (HORIZON-HLTH-DISEASE-2021-04-02) within the Key Strategic Orientation KSO-D ‘Creating a more resilient, inclusive and democratic European society’ of Horizon Europe’s Strategic Plan 2021-2024. REPO4EU is one of the only two projects retained among 13 full consortium applications. STALICLA DDS was granted a EUR 1.7 million budget over 6 years to act as leader for in silico drug repositioning work tasks. STALICLA D ... Read more »

NEW YORK - Wednesday, 20. July 2022

The Americas is the least optimistic region with a huge majority - 87% - of those surveyed anticipating a recession within the next 12 months.

(BUSINESS WIRE)-- Global consulting firm AlixPartners today announced the findings of its 17th Annual Turnaround and Transformation Survey, which reveal that over 600 of the world’s leading finance professionals most experienced in responding to the downside of economic volatility see a period of widespread business distress looming.

For the first time in 50 years, the downturn will be inflation-led – with 97% predicting that inflation will be a major driver of economic stress
24% anticipate a recession before the end of this calendar year, and
70% see it happening in the next 12 months
More than half of global respondents (57%) believe the likelihood of a U.S. recession is 50% or more in the next 12 months.
Challenging financ ... Read more »

NEW YORK - Wednesday, 20. July 2022

Proposed Tax-Free Spin off to Shareholders of Vitesse Energy as a New Separate Public Company
$239 Million Agreed Sale of Idaho Timber Resulting in Estimated Pre-Tax Gain of $140 Million
Jefferies Will Merge Its Two SEC Reporting Companies to Achieve Simplicity and Cost Savings
Net Book Value of Legacy Merchant Banking Portfolio Was $1.6 Billion as of May 31, 2022; Pro Forma for These Transactions, Net Tangible Book Value of Legacy Merchant Banking Portfolio Would Be Under $1 Billion1
(BUSINESS WIRE) -- Jefferies Financial Group Inc. (NYSE: JEF) announced today that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies expects to spin off to its shareholders its holdings in Vitesse Energy prior to the end of 2022. That spin-off will involve the formation of a new standalone e ... Read more »

MIAMI & LAGOS, Nigeria - Wednesday, 20. July 2022

Nigeria is Africa’s undisputed real-time payments and digital payments leader, recording 3.7 billion real-time transactions in 2021 and ranking 6th in the league table of the world’s most developed real-time payments markets, according to the third edition of ACI’s Prime Time for Real-Time report
The widespread uptake of new digital and real-time payment services helped to unlock US$3.2 billion of additional economic output in 2021, representing 0.67% of the country's GDP – forecast to rise to $6 billion in 2026 (1.01% of the country’s GDP)
(BUSINESS WIRE) -- Nigeria’s real-time and digital payments revolution is driving economic growth and financial inclusion at unprecedented levels for the largest African economy, according to the third edition of Prime Time for Real-Time, published by ACI Worldwide, (NASDAQ: ACIW), in partnership with GlobalData, a leading data and an ... Read more »

PALO ALTO, Calif. - Wednesday, 20. July 2022 

The new alliance and product integration provides a new, data-centric, identity-first and relationship-based data security solution for Google Cloud customers

(BUSINESS WIRE)-- Veza, the data security platform built on the power of authorization, announces today that the company has entered a partnership with Google Cloud, including product integration that enables Google Cloud customers to harness the capabilities of Veza’s data security platform across their multi-cloud ecosystem.

Veza, which recently launched in April 2022 after two years of building in stealth, makes it easy to understand, manage, and control who can and should take what action on what data. With this new integration, Google Cloud customers can now directly access the capabilities of Veza’s authorization-based data security platform integrated with Google Cloud Policy Analyzer to identify, manage, and control external identiti ... Read more »

YOKOHAMA, Japan
(BUSINESS WIRE) -- Toshiba Materials Co., Ltd. (President: Katsuaki Aoki) today announced a major investment in a new manufacturing facility for silicon nitride balls on the same site as its headquarters in Yokohama, Japan. The project has a budget of over 5-billion yen (approx. US$38 million) and is expected to see production start in November 2023. It will increase capacity by 50% against fiscal year 2021.

Continued advances in automobile electrification requires solutions that go beyond higher voltage batteries and shorter charging times. One measure to reduce costs and improve performance is the integration of motors and inverters. Although this increases risk of electrolytic corrosion[1] in motor bearings[2], the problem can be overcome with hybrid bearings, which replace standard steel balls with ceramic balls with steel inner and outer races. Advantages of high reliability, excellent strength and superior wear resistance are increasingly position ... Read more »

LUXEMBOURG
SES will support ARSAT’s mission to accelerate digital inclusion, close the digital gap and provide broadband services all over the country

(BUSINESS WIRE) -- ARSAT, Argentina’s leading telecommunications company, will take advantage of SES’s recently launched high performance geostationary (GEO) satellite, SES-17, to deliver high-quality connectivity services. “We want to reach all areas of the country,” SES and ARSAT announced today. The multi-year agreement will allow ARSAT to provide reliable broadband satellite services starting in mid-2022.

By leveraging the capacity of SES-17, ARSAT will improve access to affordable and high-quality satellite broadband services for business and residential applications. In addition, ARSAT will use SES-17 to accelerate internet connectivity in public schools throughout the country in the framework of an agreement signed with the Ministry of Education.

Operating at 67 degree ... Read more »

(BUSINESS WIRE) -- Watts Water Technologies, Inc. (NYSE: WTS) today announced that Andre Dhawan will join the Company as Chief Operating Officer on August 15, 2022. Mr. Dhawan comes to Watts from Gilbarco Veeder-Root, a subsidiary of Vontier Corporation, where he most recently served as President, Americas and previously as President, EMEA & APAC. Prior to joining Gilbarco Veeder-Root, Mr. Dhawan held several senior leadership positions with Xylem Inc. and ITT Corporation.

Mr. Dhawan is replacing Munish Nanda, President of Americas & Europe, who previously announced that he plans to retire from Watts.

Robert J. Pagano, Jr., President, Chief Executive Officer and Chairperson of the Board, commented, “Andre is a proven, growth-oriented strategic and operational leader with a track record of successful acquisitions and integrations, driving strong organic growth, and providing disciplined and lean operational leadership. We are extremely pleased to add to ... Read more »

Joint solution supports SAP’s commitment to keeping customer data secure when utilising a public cloud
Organisations can now unlock the power of SAP applications in the cloud while meeting compliance and regulatory requirements
(BUSINESS WIRE)-- Thales announced a new cloud data protection solution that will protect SAP customers’ sensitive data in SAP applications in public cloud environments. Together, the two companies are offering new capabilities that enable security teams to own and centralise the control of their encryption keys across public clouds while helping meet compliance and regulatory requirements.

The solution enables customers to leverage the potential of SAP technology in the cloud by protecting sensitive data with enhanced external key management from Thales integrated with SAP Data Custodian to control and secure SAP data across public cloud environments.

“The SAP Data Custodian was created to give our customers conf ... Read more »

David Meredith wins Best CEOs for Diversity award for second consecutive year; joins other top 2022 CEO honorees from Microsoft and Adobe
The awards follow a $4 billion transaction to become a standalone company, and recent leadership appointments as part of a global focus on hiring several hundred new Boomi team members to support the company’s rapid customer growth
(BUSINESS WIRE) -- BoomiTM, the intelligent connectivity and automation leader, today claims two awards from Comparably, a leading workplace culture and corporate brand reputation platform, in their largest company category along with other 2022 honorees such as Microsoft, Adobe, IBM, Uber, and SADA. Honored with the Best CEOs for Diversity and Best Company for Career Growth awards – based on anonymous employee feedback from its more than 1,700 global employees – Boomi ranks among the top 50 largest companies for its commitments to, and achievements in, diversity and career advancement.