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Blog posts August 2022

Schlumberger, Aker Solutions and Subsea 7 Create Joint Venture

Complementary geographic coverage, technology and engineering capabilities will deliver leading performance and integration in a growing offshore market

(BUSINESS WIRE) -- Schlumberger, Aker Solutions and Subsea 7 today announced an agreement to form a joint venture to drive innovation and efficiency in subsea production by helping customers unlock reserves and reduce cycle time. The agreement will bring together a portfolio of innovative technologies such as subsea gas compression, all-electric subsea production systems and other electrification capabilities that help customers meet their decarbonization goals.

The proposed joint venture will combine Schlumberger’s and Aker Solutions’ subsea businesses, which include deep reservoir domain and engineering design expertise, an extensive field-proven subsea production and processing technology portfolio, world-class manufacturing scale and capabilities, and a comprehensive suite of life-of-field solutions for customers all over the world. Subsea 7 will be an equity partner in the new joint venture.

“As investment in the offshore market—particularly in deepwater—continues to increase, our customers will benefit from enhanced services that leverage digital and technological innovation to drive improved subsea asset performance while increasing energy efficiency and reducing CO2 emissions,” said Schlumberger Chief Executive Officer Olivier Le Peuch. “We look forward to collaborating with both Aker Solutions and our subsea integration partner Subsea 7 on this new venture.”

“Aker Solutions, Schlumberger and Subsea 7 are complementary businesses, both in terms of products and services, as well as customers and geographical presence. Furthermore, Schlumberger shares our commitment to innovation, such as deploying digital solutions and decarbonization technologies,” said Øyvind Eriksen, President and Chief Executive Officer of Aker ASA.

Upon closing of the proposed transaction, the existing Subsea Integration Alliance (SIA) between Schlumberger and Subsea 7, will be amended so that the new joint venture will assume Schlumberger’s role in the Alliance, which will be renewed for a ten-year term.

“We are excited to build on our highly successful alliance with Schlumberger and partnership with Aker Solutions. This new joint venture is a critical step as we collaborate on integrated subsea projects that drive maximum value for our customers,” said Subsea 7 Chief Executive Officer John Evans.

In addition to contributing its subsea business to the joint venture, at closing Schlumberger will issue to Aker Solutions shares of Schlumberger common stock valued at USD 306.5 million in a private placement. Concurrently, Subsea 7 will purchase its 10% interest in exchange for USD 306.5 million in cash to Aker Solutions. The joint venture also will issue a promissory note to Aker Solutions for USD 87.5 million. At closing of the joint venture, Schlumberger will own 70%, with Aker Solutions owning 20% and Subsea 7 owning 10%. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the second half of 2023.

More information on the proposed transaction is available on Schlumberger’s investor relations website, which can be accessed at https://investorcenter.slb.com/.

About Schlumberger

Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all.

Find out more at www.slb.com.

About Aker Solutions

Aker Solutions delivers integrated solutions, products and services to the global energy industry. We enable low-carbon oil and gas production and develop renewable solutions to meet future energy needs. By combining innovative digital solutions and predictable project execution we accelerate the transition to sustainable energy production. Aker Solutions employs approximately 14,000 people in more than 20 countries.

Find out more at www.akersolutions.com.

About Subsea 7

Subsea 7 is a global leader in the delivery of offshore projects and services for the energy industry. Subsea 7 makes offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy.

Find out more at www.subsea7.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts and projections regarding the expected benefits of the proposed transaction; the expected timing of the completion of the transaction; the parties’ ability to complete the transaction considering the various regulatory approvals and other closing conditions; future opportunities for the joint venture and its products and services; and any other statements regarding the parties’ or the joint venture’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to, among other things, satisfaction of the closing conditions to the proposed transaction, the risk that the proposed transaction does not occur, negative effects from the pendency of the proposed transaction, the ability to realize expected benefits from the proposed transaction, the timing to consummate the proposed transaction, and (as to Schlumberger) other risk factors contained in Schlumberger’s most recent Forms 10-K and other filings with the SEC available at the SEC’s Internet site (http://www.sec.gov). Actual results may differ materially from those expected, estimated or projected. Forward-looking statements speak only as of the date they are made, and the parties undertake no obligation to publicly update or revise any of them in light of new information, future events or otherwise.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005749/en/


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https://www.aetoswire.com/en/news/3008202226745
Contacts
Media
Josh Byerly – Vice President of Communications, Schlumberger
Moira Duff – Director of External Communication, Schlumberger
Tel: +1 (713) 375-3407
media@slb.com

Torbjorn Andersen – Vice President of External Communications, Aker Solutions
Tel: +47 928 85 542

Julie Taylor – Head of Group Communications, Subsea 7
Tel: +44 1224 526270
julie.taylor@subsea7.com

Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger
Joy V. Domingo – Director of Investor Relations, Schlumberger
Tel: +1 (713) 375-3535
investor-relations@slb.com

Fredrik Berge – Vice President of Investor Relations, Aker Solutions
Tel: +47 450 32 090
fredrik.berge@akersolutions.com

Katherine Tonks – Investor Relations Director, Subsea 7
Tel: +44 20 8210 5568
katherine.tonks@subsea7.com

 

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MetLife Investment Management to Acquire Specialist ESG Manager, Affirmative Investment Management

 


MIM to expand sustainable investing solutions for institutional clients

(BUSINESS WIRE)--MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), announced that it has entered into a definitive agreement to acquire Affirmative Investment Management (AIM), a specialist global environmental, social and corporate governance (ESG) impact fixed income investment manager with deep capabilities in impact investing, verification, reporting and engagement. As of June 30, 2022, AIM’s assets under management were $1.01 billion. The acquisition is subject to customary closing conditions, including regulatory approval.

The acquisition will advance MIM’s ESG investment and reporting capabilities as it seeks to deliver client solutions and long-term risk adjusted returns. “By combining AIM’s expertise with MIM’s commitment to sustainable investing, we will be even better positioned to provide comprehensive insight and counsel to clients and consultants on ESG considerations,” said Steven J. Goulart, president of MIM and executive vice president and chief investment officer for MetLife. “MIM will maintain its fundamental investment processes, and AIM brings us additional capabilities to evaluate sustainability and risk considerations across our core competencies in public fixed income, private fixed income and real estate.”

“We are pleased to be able to join a world-class institutional investment firm in MIM and continue our mission of managing high-performing portfolios that consider positive environmental and social impact,” said Stephen Fitzgerald, who co-founded AIM in 2014. “Upon our planned integration with MIM’s investment teams, we believe that we can deliver differentiated insights and analysis to MIM’s growing roster of global clients.”

AIM has won numerous ESG related industry awards, most recently Best ESG Investment Fund: Fixed Income at the ESG Investing Awards 2022, Impact Asset manager of the Year at the 2021 Australian Impact Investment Awards, and Impact Report of the Year (for investors) at the Environmental Finance Bond Awards in 2021.

About MetLife Investment Management

MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global public fixed income, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and, as of June 30, 2022, had $590.9 billion in total assets under management.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

About Affirmative Investment Management

Affirmative Investment Management (AIM) is a specialist global environmental, social and corporate governance (ESG) impact fixed income investment manager with deep capabilities in impact investing, verification, reporting and engagement. Established in 2014, AIM focuses on mobilizing mainstream capital to address ESG-related challenges. Its mission is to manage fixed income portfolios that generate positive environmental and social impact without compromising financial returns. AIM’s highly experienced team is solely focused on investing in, and expanding, the impact bond market with a rigorous approach to building impact bond portfolios and generating returns.

Forward-Looking Statements

The forward-looking statements in this news release, using words such as “will,” “seek,” “continue,” “planned,” “believe” and “can” are based on assumptions and expectations that involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife’s future results could differ, and it does not undertake any obligation to correct or update any of these statements.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005211/en/


Permalink
https://www.aetoswire.com/en/news/3008202226734
Contacts
For Media:
Dave Franecki
+1-973-264-7465
dave.franecki@metlife.com

Jansel Murad
(646) 722-6537
mim@dlpr.com

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Phosphorus Partners with CyberKnight to Expand xIoT Security to the Middle East and Africa

New Partnership Addresses the Region's High Demand for xIoT Attack Surface Management and Remediation Capabilities

(BUSINESS WIRE) -- Phosphorus, the leading provider of advanced and full-scope security for the extended Internet of Things (xIoT), today announced a new distributor partnership for the Middle East and Africa (MEA) with CyberKnight, a leading cybersecurity value-added distributor for the region, in preparation for the official opening of the Phosphorus MEA office in Dubai on January 1st, 2023. The new partnership will see the two companies jointly delivering a new generation of xIoT security solutions for the MEA market.

With the CyberKnight partnership, Phosphorus will significantly expand its global presence in the MEA region, providing a critical xIoT security technology to these fast-growing markets. Phosphorus’s Enterprise xIoT Security Platform is the world’s first and only security technology capable of delivering attack surface management, hardening and remediation, and extended detect and response to the full range of IoT, OT, and network-connected devices—spanning both new and legacy devices.

“We are excited to partner with CyberKnight which has a strong presence in the Middle East and will play a key role in helping us to expand our international sales channels and xIoT security and service offerings throughout this important economic region,” said Chris Rouland, CEO of Phosphorus. “This region is growing rapidly and many modern cities are incorporating ‘smart’ technologies and infrastructure in novel and exciting ways. However, anything that is smart is vulnerable to security threats, and we will be working closely with CyberKnight to make sure all private and public organizations throughout the region have full access to the most advanced xIoT security solution and platform in the world today.”

“Due to an onslaught of ransomware and other targeted attacks affecting xIoT devices – especially in the transportation and oil and gas sectors – our customers are looking for solutions that will not only identify IoT and OT devices, but will finally remediate them while providing extended detect and response capabilities,” said Avinash Advani, the Founder and CEO at CyberKnight. “Our partnership with Phosphorus as our newest vendor will enable us to help our customers address a massive and expanding gap in their attack surface by finding, fixing, and constantly monitoring their IoT, OT, and IIoT devices. We are very excited about working with them to further support our Middle East customers across the region.”

Phosphorus provides unprecedented xIoT defense solutions for enterprise, industrial, and government customers through a fully automated security platform that discovers, assesses, remediates, hardens, and monitors tens of thousands of unique brands and models of connected or ‘smart’ devices—ranging from security cameras to PLCs. This enables large organizations to scale IoT and OT technologies (which often amount to millions of devices per organization) without having to add any additional employees to secure them. Phosphorus’s advanced security platform deploys on premises and defends against targeted attacks, malware, out of date firmware, vulnerabilities, default passwords, risky configurations, and insider threats.

Phosphorus has been pursuing a robust international growth strategy, since its $38 million Series A growth round earlier this year led by SYN Ventures. The company has expanded its platform and services for industrial users with the launch of new cybersecurity protections and defensive capabilities for OT and IIoT devices and safety-critical systems within the oil and gas, transportation, manufacturing, and critical infrastructure sectors. Phosphorus recently debuted the industry’s first Mobile xIoT Lab at Black Hat USA 2022, which offered live demonstrations of the platform’s unique capabilities for finding, fixing, and monitoring both high-risk enterprise IoT and network-connected devices as well as OT and IIoT devices used in critical industries.

For more information about Phosphorus’s Enterprise xIoT Security Platform, go to www.phosphorus.io. You can also visit Phosphorus and check out the Mobile xIoT Security Lab at upcoming security conferences, including CircleCityCon, Infosec World 2022 and S4x23.

ABOUT PHOSPHORUS

Phosphorus Cybersecurity™ is the leading extended Security of Things platform designed to secure the rapidly growing and often unmonitored enterprise IoT and OT landscape. Our Extended Enterprise xIoT Security Platform fully automates the remediation of the biggest IoT/IIoT/OT vulnerabilities—including unknown and inaccurate asset inventory, out-of-date device firmware, default device credentials, and out-of-date certificates. Founded in 2017 by Chris Rouland, Rebecca Rouland, and Earle Ady, the company is a trusted partner of Fortune 500s, Global 2000, and government agencies. Phosphorus is a privately held company headquartered in Nashville, TN, with investors including SYN Ventures and MassMutual Ventures. Follow Phosphorus on LinkedIn, Twitter, and YouTube, and learn more at www.phosphorus.io.

About CyberKnight:

CyberKnight Technologies is a cybersecurity focused value-added-distributor (VAD) covering the Middle East with on-the-ground presence in all key regional markets. Our ZTX (Zero Trust Security) methodology, based on the Forrester framework, incorporates emerging and market-leading cybersecurity solutions that protect the entire attack surface, by leveraging AI, threat intelligence and collective defense. CyberKnight helps security and risk teams at enterprise and government customers simplify breach detection, prevention, and incident response, while addressing regulatory compliance. CyberKnight's Art of Cybersecurity Distribution methodology enables strategic partners to achieve greater market penetration, return-on-investment, and time-to-value.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220830005188/en/


Permalink
https://www.aetoswire.com/en/news/3008202226755
Contacts
Media Contact for Phosphorus:
Michael Sias
Firm 19
inquiry@firm19.com

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Moove Signs Agreement with MUFG and Suzuki to Promote Financial Inclusion for Mobility Gig Workers Across Africa

(BUSINESS WIRE) -- Moove, the world's first mobility fintech, today announced the signing of a Memorandum of Understanding [MoU] with MUFG, one of the world's leading financial groups and Suzuki, one of the world's leading suppliers of vehicles to mobility businesses. Through this MoU, Moove, which provides revenue-based financing to mobility entrepreneurs, aims to advance financial inclusion and job creation as well as upskilling opportunities in the sector.

Signed at the eighth Tokyo International Conference on African Development [TICAD] conference, the tri-party agreement is one of the first to involve an African fintech company and underscores the opportunity to leverage technology to improve the livelihoods of millions of people in emerging markets. Moove's alternative credit scoring technology will enable access to vehicle financing to mobility entrepreneurs, backed by the strength of MUFG's financial services capabilities and Suzuki's expertise in supplying durable, high performance and fuel efficient vehicles.

Launched in Lagos, Nigeria in 2020, Moove is a mission-led company committed to empowering mobility entrepreneurs to be productive and successful through providing access to vehicle financing and other financial services. Moove has since scaled to seven markets across sub-Saharan Africa and six markets in MENA, Asia and Europe, and its customers have completed over 7 million trips in Moove-financed vehicles.

The MoU creates a framework for the parties to work closely together on solving other challenges in mobility, including providing access to finance for more female customers as well as improving road safety and training support for mobility entrepreneurs.

To learn more about Moove and its mission to democratize vehicle ownership across Africa, visit: https://www.moove.io/

###

About Moove

Moove is an African-born global start-up and the world’s first mobility fintech, providing revenue-based vehicle financing and financial services to mobility entrepreneurs. By embedding its alternative credit scoring technology onto ride-hailing, e-logistics and instant delivery platforms, Moove uses proprietary performance and revenue analytics to underwrite loans to drivers that may have previously been excluded from financial services. Backed by some of the world’s leading investors, Moove has raised over $200 million to date, and its customers have completed over 7 million trips in Moove-financed vehicles. With a commitment to ensuring at least 60% of its fleet is hybrid and electric vehicles and that 50% of its customers are women, Moove is a mission-led business that puts impact at the core of its growth. Moove was recently awarded the IFC’s Annual Corporate Award as one of the top 20 most impactful and transformational projects, applying an innovative and scalable solution towards a global problem.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220830005570/en/


Permalink
https://www.aetoswire.com/en/news/3008202226752
Contacts
For additional information on Moove, please contact
Tingting Peng
tingting.peng@moove.io
or
Burlington
Harry Ashcroft
(44)7429108277

 

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AFC and Mizuho Bank sign MOU to Drive Sustainable Economic Growth in Africa & Asia

TUNIS, Tunisia - Tuesday, 30. August 2022


(BUSINESS WIRE)--Africa Finance Corporation (AFC), the leading infrastructure solutions provider in Africa, and Mizuho Bank, a leading global bank with one of the largest customer bases in Japan, have signed a Memorandum of Understanding to collaborate on project & infrastructure finance, trade finance and treasury to drive sustainable economic growth in Africa and Asia. This agreement was signed at the just concluded 8th Tokyo International Conference on African Development in Tunisia.

Through this partnership, AFC and Mizuho Bank are committed to co-financing infrastructure projects in Africa across key sectors including energy, transport and telecoms. The agreement also aimed at realignment of Africa’s trading position, providing innovative finance instruments to facilitate trade between Africa and Japan.

Additionally, Mizuho Bank will leverage AFC’s specialist industry expertise and global network to enhance its support of Japanese and other multinational companies doing business in Africa. For AFC, the Corporation will benefit from closer access to Japanese and Asian capital markets for its fundraising activities.

Samaila Zubairu, President & CEO, Africa Finance Corporation, said:“ This partnership is a significant milestone in our journey to build the alliances that will deliver timely sustainable solutions for building the instrumental infrastructure that enables Africa’s industrialization and unleash our continent’s prosperity. Asia and in particular, Japan, are key to Africa’s next phase of growth and structural transformation. We are delighted to forge a new partnership today with Mizuho Bank, one of the largest financial institutions in Japan.”

For over 15 years, AFC has built experience mobilising global capital for critical infrastructure projects in Africa. The Corporation has recently received equity investments from Public Investment Corporation (PIC), Africa’s largest asset manager, Seychelles Pension Fund, the Government of Sierra Leone, and the Central Bank of Guinea, signalling investors’ confidence in AFC’s key role in elevating Africa as a critical engine of global growth.

Ends.

Notes to Editors

About AFC

AFC was established in 2007 to be the catalyst for private sector-led infrastructure investment across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth.

Fifteen years on, AFC has developed a track record as the partner of choice in Africa for investing and delivering on instrumental, high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. AFC has invested over US$10 billion by in 35 countries across Africa since inception.

www.africafc.org

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220830005552/en/


Permalink
https://www.aetoswire.com/en/news/3008202226747
Contacts
Yewande Thorpe
Communications
Africa Finance Corporation
Mobile : +234 1 279 9654
Email : yewande.thorpe@africafc.org

Gavin Serkin
New Markets Media & Intelligence
Telephone: +44 20 3478 9710
Email: gserkin@newmarkets.media

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Inflation in Dubai and Europe

A toxic recession impeded global economic growth in 2022, as disadvantageous COVID-19 pandemic effects and the muddle of limited energy supplies were magnified by macropolitical uncertainty and red-hot inflation.

This led to skyrocketing oil & gas prices in Europe. The continent was hit hard, as much of its energy supplies are imported from Russia. Given current EU & USA-led sanctions, no Russian goods can flow to Europe among other restrictions.

Other regions were also impacted by inflation, including the United Arab Emirates. The nation witnessed the sharpest rise in prices in 36 months in December of 2021, and the heat isn’t cooling down.

 

UAE Inflation

Over the past 12 years, the UAE’s inflation rate fluctuated between -2.1% and 12.3%, rising relentlessly after steep deflation.  In November of 2021, inflation was at a 3-year high of 2.58%, but slid to 2.5% in December.

Central banks are aggressively hiking interest rates to cool-down inflation, and the UAE isn’t an exception. As its Dirham currency is pegged to the dollar greenback, the central bank bumped its interest rate by 75 basis points in July to 2.4%, in line with the Federal Reserve's hike.

UAE expects annual inflation to hit 5.6% in 2022, meaning that a hasty recovery isn’t expected. Yet, current CPI figures are lower than anticipated, and significantly lower when compared to Europe or USA.

 

Europe Inflation

The eurozone witnessed a deteriorating euro, plummeting below the dollar for the first time in 20 years in July of 2022. Europe was plagued with rising prices of goods & services since 2021, especially energy resources. In June, Europe’s overall annual inflation hit 8.6%, which is a record high.  It further-escalated to 8.9% the following month.

The European Central Bank (ECB) was reluctant to follow-suit and hike rates. This changed on July 21st when the ECB hiked rates for the first time in 11 years, doing so by a larger-than-expected 50 basis points to combat inflation.

For the remainder of 2022, inflation is expected to be extremely high throughout Europe. Inflationary pressures shall recede in 2023 but will continue to remain high at 4%, which is double the ECB’s desired figure of a mere 2%.

Analysis by Alpho

Trading is risky and your entire investment may be at risk. TC’s available at https://alpho.com/.


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https://www.aetoswire.com/en/news/3008202226744
Contacts
Influence Communications

Hana Hesham, PR Account Executive

hana.hesham@influence-me.com

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Hevolution Foundation and AFAR Announce New Investigator Awards in Aging Biology and Geroscience Research

Hevolution Commits $8.5 Million to Support Junior Investigators in Multi-Year Grant Program with AFAR

(BUSINESS WIRE) -- Hevolution Foundation, a non-profit organization that provides grants and early-stage investments to incentivize research and entrepreneurship in healthspan science, and the American Federation for Aging Research (AFAR) announce an international research grant program to enable early-career investigators to conduct research into healthspan-expanding therapeutics and treatments.

Representing Hevolution Foundation’s first deployment of capital into aging research, the Hevolution /AFAR New Investigator Awards in Aging Biology and Geroscience Research will provide up to 18 three-year awards of US $375,000 each. The awards will support research projects into the basic biology of aging and/or geroscience, a research paradigm focused on the biology of aging and the biology of age-related disease. Junior investigators worldwide are invited to apply.

“The goal of our grants programs is to advance geroscience globally across the whole R&D value chain, by funding long-term basic research, accelerating new drug development, expanding therapeutic applications of existing drugs, and working to ensure that innovations in the field are accessible to everyone worldwide,” commented Felipe Sierra, PhD, Chief Scientific Officer of Hevolution Foundation. “A fundamental element of this is support of junior researchers, and we are delighted to work with AFAR on this new initiative.”

Additionally, Hevolution Foundation will establish a Conference Fund, managed by AFAR, to support conferences and scientific meetings on aging research and geroscience.

Dr. Sierra concluded, “This collaboration with AFAR is the first of many agreements and partnerships that we hope to form with leading institutions and organizations in aging and geroscience research worldwide. Through such funding, we intend to catalyse the field, enable its growth, and accelerate progress.”

The New Investigator Award recipients will be chosen through a rigorous peer-review process. Applications will be reviewed by established aging researchers who volunteer their time and expertise to select scientists and research projects that have the greatest likelihood of making significant contributions to help us stay healthier longer as we grow older. AFAR and Hevolution Foundation plan to announce the awardees in the coming months.

For more information on the New Investigator Awards in Aging Biology and Geroscience, the Conference Fund, and all AFAR grant programs, please visit http://www.afar.org/funding-opportunities.

About Hevolution Foundation
Founded in the belief that every person has the right to live a longer, healthier life, Hevolution Foundation is a global catalyst, partner, and convener, on a mission to drive efforts to extend healthy human lifespan and understand the processes of aging. With a focus on aging as a treatable process, Hevolution Foundation aims to increase the number of aging-related treatments on the market, compress the timeline of drug development, and increase accessibility to therapeutics that extend healthy lifespan, also known as healthspan. A non-profit organization headquartered in Riyadh, with an annual budget of up to $1 Billion, Hevolution Foundation plans to open hubs in North America and other global locations to support a cutting-edge, global ecosystem of talent to propel aging and geroscience research forward and achieve medical breakthroughs to help humanity live healthier, longer.

Connect with Hevolution Foundation on LinkedIn and at Hevolution.com.

About AFAR
The American Federation for Aging Research (AFAR) is a national non-profit organization that supports and advances pioneering biomedical research that is revolutionizing how we live healthier and longer. For more than four decades, AFAR has served as the field’s talent incubator, providing more than $189 million to more than 4,300 investigators at premier research institutions nationwide. A trusted leader and strategist, AFAR also works with public and private funders to steer high quality grant programs and interdisciplinary research networks. AFAR-funded researchers are finding that modifying basic cellular processes can delay—or even prevent—many chronic diseases, often at the same time. They are discovering that it is never too late—or too early—to improve health. This groundbreaking science is paving the way for innovative new therapies that promise to improve and extend our quality of life—at any age. Learn more at www.afar.org or follow AFARorg on Twitter and Facebook and American Federation for Aging Research on LinkedIn.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220830006038/en/


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https://www.aetoswire.com/en/news/3108202226780
Contacts
Media contact for Hevolution Foundation:

Sarah Al Hakeem
Media & Communications Manager
media@hevolution.com

 

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Katalyst Continues Worldwide Growth by Acquiring Geopost Energy

(BUSINESS WIRE) -- Katalyst Data Management announced today that it will acquire the Rio de Janeiro-based oil and gas data product and service provider Geopost Energy. Geopost Energy provides instant online access to integrated data of all types, including seismic, interpretations, and well logs production data to its clients. In addition, Geopost offers continuously updated information and news on all aspects of Brazil’s offshore and onshore E&P activities. The acquisition represents an important expansion to the South American region for Katalyst, underpinning their increasing capabilities to support their customers in any region they operate. The Brazilian office will act as a hub for Katalyst in South America and add to Katalyst’s global footprint including data centers in Canada, the United States, the United Kingdom, Australia, and Malaysia.

The transaction is subject to customary closing conditions.

Global reach for end-to-end subsurface data management

“This acquisition marks another milestone in our journey to have a presence in major oil and gas data markets across the globe,” said Katalyst President and CEO, Steve Darnell. “We have long admired the technology and services that Geopost brings to the market. In addition to the growth of Geopost’s products into our existing regions, we are excited about our ability to incorporate their key technologies into iGlass and SeismicZone. We believe this will greatly enhance our already industry leading capabilities.”

“We are thrilled to become part of the Katalyst family," said Christiano Lopes, Geopost’s CEO. “The combination of Katalyst’s industry leading organization, global footprint, and expertise with the technology and services developed by Geopost will contribute to a broader solution generating new opportunities in multiple regions. It is a huge opportunity for us as we advance.”

About Katalyst

Katalyst Data Management provides a complete data management solution assisting oil and gas companies with the difficult challenge of managing the vast amount of subsurface data and information acquired for exploration and production. Katalyst’s end-to-end solution includes every step in the process, from data capture and verification, data storage and organization, to marketing seismic data online. Katalyst’s signature offerings include the web-based iGlass solution for subsurface data management and the ecommerce site SeismicZone for data marketing. To learn more about Katalyst, visit www.katalystdm.com.

About Geopost Energy

With their leading technology platform, Geopost provides instant access to data related to the E&P market (e.g., seismic data, interpretations, wells, production charts, bidding round history, E&P assets, and others). Everything is built into a fluid and easy-to-use platform. The environment combines customer’s private library with automatically updated information covering all aspects of Brazil's E&P Offshore and Onshore activities. Geopost is an essential tool for your technical and business team.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005050/en/


Permalink
https://www.aetoswire.com/en/news/2908202226727
Contacts
Katalyst Data Management
Steve Darnell, President and CEO
Steve.Darnell@katalystdm.com
+1 281.529.3202

Geopost Energy
Christiano Lopes, CEO
Christiano.Lopes@geopostenergy.com
+55 21 3535 9698

 

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Berkshire Hathaway Specialty Insurance Promotes Mohammed Hannoun to Head of Casualty, Middle East

(BUSINESS WIRE) -- Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Mohammed Hannoun Head of Casualty for the Middle East, based in Dubai.

“Mohammed has played a pivotal role in building up BHSI’s casualty capabilities in Middle East since we started the Dubai operations in 2018. His extensive experience in the region, especially in driving the growth of our medical malpractice and Defense Base Act (DBA) offerings, will be essential in positioning BHSI as the go-to carrier for casualty lines in the Middle East,” said Neeraj Yadvendu, Head of Third Party Lines at BHSI in Dubai.

Mohammed, who has more than 12 years of industry experience in the region, joined the BHSI Dubai team in 2018 as a senior casualty underwriter. He takes the reins of BHSI’s Middle East Casualty portfolio from Emir Erdur, who has transitioned to the casualty underwriting team at BHSI UK.

Mohammed can be reached at mohammed.hannoun@bhspecialty.com.

Berkshire Hathaway Specialty Insurance Company (incorporated in Nebraska, USA) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident and health, medical stop loss, homeowners, and multinational insurance. The actual and final terms of coverage for all product lines may vary. In the Asia Middle East region, it underwrites on the paper of Berkshire Hathaway Specialty Insurance Company, which holds financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago, Houston, Indianapolis, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Brisbane, Cologne, Dubai, Dublin, Frankfurt, Hong Kong, Kuala Lumpur, London, Lyon, Macau, Madrid, Manchester, Melbourne, Munich, Paris, Perth, Singapore, Switzerland, Sydney, Toronto, and Zurich.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220828005028/en/


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https://www.aetoswire.com/en/news/2908202226718
Contacts
JoAnn Lee / +1 617.936.2937

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Court Denies Majority of Motorola Solutions’ Motion to Dismiss Antitrust Case Filed by Hytera

SHENZHEN, China - Monday, 29. August 2022

(BUSINESS WIRE)--Hytera Communications (SZSE: 002583), a leading global provider of professional communications technologies and solutions, learned that the US District Court for the Northern District of Illinois has allowed Hytera’s antitrust claims against Motorola Solutions Inc. (“Motorola Solutions”) to move forward. On August 24, 2022, the Court issued a Memorandum Opinion and Order ruling that Hytera alleged sufficient facts in eight of nine counts in its complaint against Motorola Solutions’ anticompetitive conduct in the United States. The Court’s order marks a significant milestone of Hytera’s fight against Motorola Solutions’ anticompetitive scheme that prevents manufacturers of two-way radios from competing on the merits.

Hytera is pleased to see progress in this case and is eager to move forward to prove its allegations through discovery.

In its complaint amended on September 11, 2018, Hytera alleged that Motorola Solutions engaged in anticompetitive conduct violating U.S. federal and state antitrust and unfair competition laws. Hytera asserted that Motorola Solutions has – for decades – engaged in a scheme to monopolize the market for Land Mobile Radios (“LMRs”) in the United States. The Complaint further alleges that in recent years, Motorola Solutions has targeted Hytera in its anticompetitive conduct, and that it has succeeded in foreclosing Hytera and other competitors from the market. Specifically, Hytera alleged that Motorola has engaged in a scheme to promote a system of exclusive dealing combined with tying and leveraging, serial sham petitioning, and a coordinated campaign of misinformation about Hytera’s products.

Hytera filed its original complaint in December 2017 in the United States District Court for the District of New Jersey. The case was later transferred to the U.S. District Court for the Northern District of Illinois. The motion decided by the Illinois Court had been pending since April 2019.

Hytera looks forward to proving in Court how Motorola Solutions’ anticompetitive conduct has harmed competition and consumers.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220829005480/en/


Permalink
https://www.aetoswire.com/en/news/2908202226729
Contacts
For information, contact:
Lingran Tao
Lingran.Tao@hytera.com

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Acronis’ Mid-Year Cyberthreats Report Finds Ransomware is the Number-One Threat to Organizations, Projects Damages to exceed $30 Billion by 2023

DUBAI, United Arab Emirates - Monday, 29. August 2022 


Increasing complexity in IT continues to lead to breaches and compromises highlighting the need for more holistic approaches to Cyber Protection

Acronis, a global leader in cyber protection, unveiled its mid-year cyberthreats report, conducted by Acronis’ Cyber Protection Operation Centers, to provide an in-depth review of the cyber threat trends the company’s experts are tracking. The report details how ransomware continues to be the number one threat to large and medium-sized businesses, including government organizations, and underlines how over-complexity in IT and infrastructure leads to increased attacks. Nearly half of all reported breaches during the first half of 2022 involved stolen credentials, which enable phishing and ransomware campaigns. Findings underscore the need for more holistic approaches to cybersecurity.

 

To extract credentials and other sensitive information, cybercriminals use phishing and malicious emails as their preferred infection vectors. Nearly one percent of all emails contain malicious links or files, and more than one-quarter (26.5%) of all emails were delivered to the user’s inbox (not blocked by Microsoft365) and then were removed by Acronis email security.

 

Moreover, the research reveals how cybercriminals also use malware and target unpatched software vulnerabilities to extract data and hold organizations hostage. Further complicating the cybersecurity threat landscape is the proliferation of attacks on non-traditional entry avenues. Attackers have made cryptocurrencies and decentralized finance systems a priority of late. Successful breaches using these various routes have resulted in the loss of billions of dollars and terabytes of exposed data.

 

These attacks are able to be launched due to overcomplexity in IT, a common problem throughout businesses as many tech leaders assume more vendors and programs lead to improved security when the inverse is actually true. Increased complexity exposes more surface area and gaps to potential attackers, keeping organizations vulnerable to potentially devastating damage.

 

“Today’s cyberthreats are constantly evolving and evading traditional security measures,” said Candid Wüest, Acronis VP of Cyber Protection Research. “Organizations of all sizes need a holistic approach to cybersecurity that integrates everything from anti-malware to email-security and vulnerability-assessment capabilities. Cybercriminals are becoming too sophisticated and the results of attacks too dire to leave it to single-layered approaches and point solutions.”

 

Critical data points reveal a complex threat landscape

As reliance on the cloud increases, attackers have homed in on different entryways to cloud-based networks. Cybercriminals increased their focus on Linux operating systems and managed service providers (MSPs) and their network of SMB customers. The threat landscape is shifting, and companies must keep pace.

 

Ransomware is worsening, even more so than we predicted.

Ransomware gangs, like Conti and Lapsus$, are inflicting serious damage.
The Conti gang demanded $10 million in ransom from the Costa Rican government and has published much of the 672 GB of data it stole.
Lapsus$ stole 1 TB of data and leaked the credentials of over 70,000 NVIDIA users. The same gang also stole 30 GB worth of T-Mobile’s source code.
The U.S. Department of State is concerned, offering up to $15 million for information about the leadership and co-conspirators of Conti.
 

The use of phishing, malicious emails and websites, and malware continues to grow.

Six hundred malicious email campaigns made their way across the internet in the first half of 2022.
58% of the emails were phishing attempts.
Another 28% of those emails featured malware.
The business world is increasingly distributed, and in Q2 2022, an average of 8.3% of endpoints tried to access malicious URLs.
 

More cyber criminals are focusing on cryptocurrencies and decentralized finance (DeFi) platforms. By exploiting flaws in smart contracts or stealing recovery phrases and passwords with malware or phishing attempts, hackers have wormed their way into crypto wallets and exchanges alike.

Cyberattacks have contributed to a loss of more than $60 billion in DeFi currency since 2012.
$44 billion of that vanished during the last 12 months.
 

Unpatched vulnerabilities of exposed services is another common infection vector—just ask Kaseya. To that end, companies like Microsoft, Google, and Adobe have emphasized software patches and transparency around publicly submitted vulnerabilities. These patches likely helped stem the tide of 79 new exploits each month. Unpatched vulnerabilities also tie into how overcomplexity is hurting businesses more than helping, as all of these vulnerabilities serve as additional potential points of failure.

 

Breaches leave financial, and SLA distress in their wake

Cybercriminals often demand ransoms or outright steal funds from their targets. But companies do not suffer challenges only to their bottom lines. Attacks often cause downtime and other service-level breaches, impacting a company’s reputation and customer experience.

In 2021 alone, the FBI attributed a total loss of $2.4 billion to business email compromise (BEC).
Cyberattacks caused more than one-third (36%) of downtime in 2021.
 

The current cybersecurity threat landscape requires a multi-layered solution that combines anti-malware, EDR, DLP, email security, vulnerability assessment, patch management, RMM, and backup capabilities all in one place. The integration of these various components gives companies a better chance of avoiding cyberattacks, mitigating the damage of successful attacks, and retaining data that might have been altered or stolen in the process.

 

You can download a copy of the full Acronis Mid-Year Cyberthreats Report 2022 here or you can learn more here.

 

About Acronis:

Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain-based data authentication technologies, Acronis protects any environment - from cloud to hybrid to on-premises - at a low and predictable cost.

 

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 2,000 employees in 34 locations in 19 countries. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by over 20,000 service providers to protect over 750,000 businesses.


Permalink
https://www.aetoswire.com/en/news/2908202226723
Contacts
Melwyn Abraham - melwyn@matrixdubai.com

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Une approche mesurée de la taxation des cigarettes électroniques est essentielle

Les autorités doivent tenir compte de chaque segment consacré aux consommateurs et s'efforcer de faire en sorte que les alternatives de tabagisme plus sûres soient moins chères que les cigarettes de tabac

 

(BUSINESS WIRE) -- RELX International, une société multinationale responsable de cigarettes électroniques, met en garde les autorités contre l'augmentation des droits de douane perçus sur les produits de cigarette électronique.

 

Une mesure dans ce sens rendrait ces alternatives de tabagisme plus sûres aussi chères que les cigarettes de tabac. Une fiscalité accrue pourrait stimuler la croissance des activités du marché noir, mettre la santé des consommateurs en danger, réduire les recettes fiscales du gouvernement et faire de la ville/du pays une option moins attrayante pour l'investissement et l'entrepreneuriat.

 

Au cours des dernières années, selon les recherches scientifiques, les prestataires de soins de santé nationaux, y compris le National Health Service (NHS) du Royaume-Uni, ont reconnu les produits de cigarette électronique comme une alternative plus sûre aux cigarettes de tabac. Ils ont de même souligné leur utilisation comme un moyen « d'aide pour arrêter de fumer » [1]. En revanche, l'Organisation mondiale de la santé avertit que le tabac tue jusqu'à la moitié de ses utilisateurs et est responsable de la mort de plus de huit millions de personnes par an [2]. Le tabagisme peut également mettre à rude épreuve les systèmes de santé publique et les fonds publics, pour avoir causé des maladies telles que le cancer, les maladies cardiaques et la MPOC [3].

 

Compte tenu des preuves de plus en plus nombreuses qui montrent que les cigarettes électroniques sont une alternative plus sûre et/ou un outil permettant aux consommateurs d'arrêter complètement de fumer, il est logique que les autorités maintiennent un taux d'imposition inférieur à celui des produits du tabac. Cela s'alignerait sur les meilleures pratiques mondiales en termes de taxes associées aux produits à haut risque par rapport aux produits à faible risque. Par exemple, les taxes sont plus élevées sur les alcools forts à haut risque que sur la bière ou le vin et, de même, les boissons riches en sucre sont davantage taxées que les alternatives plus saines.

 

Des recherches mondiales révèlent également que les taxes prélevées pour éloigner les gens de l'alcool et des cigarettes (également appelées impôt vexatoire) touchent principalement les personnes les moins capables de les payer [4]. Cela signifie que cette taxation entre en conflit avec l'un des huit principes de réduction des méfaits, qui « appelle à la prestation sans jugement et sans coercition de services et de ressources aux personnes qui consomment des drogues et aux communautés dans lesquelles elles vivent afin de les aider à réduire les dommages associés » [5].

 

Robert Naouss, Directeur des affaires extérieures chez RELX International, déclare :  "RELX International estime que les consommateurs d'âge légal ont le droit d'y avoir accès à des alternatives moins nocives aux cigarettes combustibles, plutôt que d'être forcés de toujours utiliser ces dernières ou de retomber dans de vieilles habitudes/produits. De même, il est important qu'ils ne soient pas poussés à envisager l'utilisation de produits du marché noir, simplement parce qu'ils constituent une alternative moins coûteuse à ceux disponibles via des canaux légaux et réglementés".

 

Selon l'administration américaine des denrées alimentaires et des médicaments ou la Food & Drug Administration (FDA), les produits introduits en contrebande dans les pays et vendus via le marché noir ne sont pas réglementés et de qualité douteuse. Ces produits peuvent même se retrouver entre les mains des jeunes et causer des problèmes sanitaires majeurs [6]. Dans des scénarios comme celui-ci, les gouvernements doivent faire face à une perte de recettes fiscales sur les produits individuels, tout en puisant dans les réserves financières pour financer les établissements de santé qui traitent les maladies liées au tabagisme. Les autorités doivent également tenir compte du fait que la fiscalité et la croissance du commerce illicite peuvent éloigner les investisseurs et les entrepreneurs qui souhaitent entrer sur le marché et créer des opportunités d'emploi, ce qui influencera les revenus du gouvernement et l'économie.

 

RELX International estime qu'il est dans l'intérêt des autorités d'adopter une approche mesurée de la taxation des produits de cigarettes électroniques, afin que les consommateurs puissent continuer à choisir d'alternatives plus sûres à un prix accessible par rapport aux produits du tabac.

 

Liens :

 

[1] Utiliser des cigarettes électroniques pour arrêter de fumer

 

[2] Organisation mondiale de la santé : Faits sur le tabac

 

[3] Tabagisme et usage du tabac selon le Centre pour le contrôle et la prévention des maladies : Effets sur la santé

 

[4] Les impôts vexatoires visent à éloigner les gens de l'alcool et des cigarettes, mais ils touchent principalement les moins capables de les payer

 

[5] Principes de réduction des méfaits

 

[6] La Food & Drug Administration (FDA): Les Agents des douanes et de la protection des frontières et de la FDA saisissent des cigarettes électroniques contrefaites et non autorisées

 

Notes aux rédacteurs

 

À propos de RELX International

 

Fondée en 2019, RELX International est une société multinationale de cigarettes électroniques qui commercialise et vend RELX, la marque mondiale de vape avancée dotée des dernières innovations, dont notre technologie SuperSmooth™. RELX, la marque pionnière de cigarettes électroniques en Asie, élargit son empreinte à travers le monde, elle est actuellement disponible dans plus de 40 pays tels que le Royaume-Uni, la France, l'Italie, l'Allemagne, l'Indonésie, les Philippines, le Canada, l'Arabie saoudite et les Émirats Arabes Unis. RELX se distingue de ses concurrents par un écosystème complet (tels que des dosettes fermées, des produits jetables, des dispositifs et accessoires de banque d'alimentation) qui sont conçus dans un centre R&D de pointe, et fabriqués dans une des plus grandes usines de cigarettes électroniques au monde. La mission de RELX est de devenir une marque de confiance pour les fumeurs adultes d'âge légal grâce à des produits innovants, des technologies de pointe et des avancées scientifiques en collaboration avec des équipes talentueuses et investies dans le monde entier. La société a recruté des talents internationaux précédemment en poste chez Uber, Proctor and Gamble, Apple, Beats, et L'Oréal. RELX est fière d'être répertoriée dans Dubaï Duty Free, la première chaîne de magasins hors taxes au monde.

 

Consulter la version source sur businesswire.com : https://www.businesswire.com/news/home/20220823005478/en/

 

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.


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https://www.aetoswire.com/fr/news/2408202226655
Contacts
Pour plus d'informations médiatiques, des échantillons et/ou des images, veuillez contacter Khyati Megchiani ou Ziad Ashkar à Brazen MENA à l'adresse suivante : relxarabia@brazenmena.com

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Director Adam Wingard Returns as Warner Bros. Pictures and Legendary Pictures Explore the Next Chapter in the Massive Monsterverse Franchise

Epic battle continues as returning cast members Rebecca Hall, Brian Tyree Henry and Kaylee Hottle are joined by Dan Stevens and Fala Chen

(BUSINESS WIRE) -- Coming off the global success of 2021’s “Godzilla vs Kong” cameras are now rolling on the latest entry in Warner Bros. Pictures’ and Legendary Pictures’ cinematic Monsterverse. This latest entry follows up the explosive showdown of Godzilla vs. Kong with an all-new cinematic adventure, pitting the almighty Kong and the fearsome Godzilla against a colossal undiscovered threat hidden within our world, challenging their very existence – and our own. The epic new film will delve further into the histories of these Titans, their origins and the mysteries of Skull Island and beyond, while uncovering the mythic battle that helped forge these extraordinary beings and tied them to humankind forever.

The film, which recently began principal photography, is again being helmed by director Adam Wingard (“You’re Next” “The Guest”) and stars returning cast members Rebecca Hall (“The Night House” “Resurrection”), Brian Tyree Henry (“Bullet Train” “Atlanta”), and Kaylee Hottle (“Godzilla vs. Kong”), who are now joined by newcomers Dan Stevens (“Gaslit” “Legion” “Beauty and the Beast”), Fala Chen (“Irma Vep” “Shang Chi and the Legend of the Ten Rings”), Alex Ferns (“The Batman” “Wrath of Man” “Chernobyl”) and Rachel House (“Hunt for the Wilderpeople” “Thor: Ragnarok” “Foundation”).

Wingard is directing the currently untitled project from a script by Terry Rossio (“Godzilla vs. Kong” the “Pirates of the Caribbean” series), Jeremy Slater (“Moon Knight”) and Simon Barrett (“You’re Next”). The film is being produced by Mary Parent, Alex Garcia, Eric Mcleod, Brian Rogers, Thomas Tull, and Jon Jashni, with executive producers Josh Grode, Adam Wingard, Jay Ashenfelter, Jen Conroy, Kenji Okuhira and Yoshimitsu Banno.

Once again, Wingard is collaborating with director of photography Ben Seresin (“Godzilla vs. Kong” “World War Z”), production designer Tom Hammock (“Godzilla vs. Kong” “X” “The Guest”), editor Josh Schaeffer (“Godzilla vs. Kong” “Molly’s Game”), and composer Tom Holkenborg (“Godzilla vs. Kong” “Mad Max: Fury Road”), who are now joined by costume designer Emily Seresin (“The Invisible Man” “Top of the Lake”), makeup artist Sabrina Wilson (“Captain Marvel” “The Suicide Squad” “The Book of Bobba Fett”), hairstylist Gloria Pasqua Casny (“The Tomorrow War” “Ford vs Ferrari”), and VFX supervisor Alessandro Ongaro (“The Adam Project” “Ghostbusters: Afterlife”).

The film is being shot on location in Queensland, Australia and is slated for a March 15, 2024, worldwide release from Warner Bros. Pictures except in Japan where it will be distributed by Toho Co., Ltd and in mainland China where it will be distributed by Legendary East.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220825005274/en/


Permalink
https://www.aetoswire.com/en/news/2608202226699
Contacts
Brie Dorsey – bdorsey@legendary.com

 

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Estée Lauder Participates in Decentraland Metaverse Art Week 2022 With Exclusive POAP

NEW YORK - Thursday, 25. August 2022 AETOSWire 

(BUSINESS WIRE)--Estée Lauder has announced that it will be participating in Decentraland’s Metaverse Art Week from August 24th – 28th with an exclusive Proof of Attendance Protocol (POAP) designed by Dr. Alex Box, renowned identity designer and one of the first women to pioneer the concept of Beauty Futurism.

Continuing to innovate at the intersection of beauty, art and technology, Estée Lauder’s POAP experience is inspired by the legacy of the brand’s visionary founder, Mrs. Estée Lauder and incorporates the brand’s iconic cartouche.

The Estée Lauder POAP by Dr. Box can be claimed at one of three different stations within Decentraland’s Art Week, including the Sculpture Garden, CashLabs Gallery and ArtNet location. Once the POAP is claimed, users will garner exclusive access to upcoming Web3 activations from the Estée Lauder brand.

“We are excited to bring our signature Estée Lauder experience to art lovers and Web3 enthusiasts at Decentraland’s Art Week,” said Stéphane de La Faverie, Global Brand President, Estée Lauder & AERIN Beauty and Group President, The Estée Lauder Companies. “Innovation is at the heart of Estée Lauder and the metaverse represents a new frontier of exploration and creativity for the brand. Metaverse Art Week is a destination where Estée Lauder can fuse beauty, heritage, design and innovation in new ways and with new audiences.”

“I am honored to be partnering with Estée Lauder for Metaverse Art Week. I’ve always been incredibly inspired by the brand’s iconic heritage, combined with a distinctly future-forward sense of exploration and achievement,” said Dr. Alex Box. “The metaverse has limitless possibilities and opens up novel ways to express beauty.”

Metaverse Art Week 2022 will showcase the latest technological innovations in digital art and design development through an extensive virtual world fair that brings the contemporary art world into further alignment with the emerging world of Web3. Metaverse Art Week 2022 aims to demonstrate the frontier of extended reality and the evolution of the visual internet.

Estée Lauder most recently participated with Decentraland as the exclusive beauty partner of Metaverse Fashion Week in March 2022, collaborating with Dr. Box to create an original non-fungible token (NFT) wearable inspired by the brand’s #1 serum, Advanced Night Repair.

About Estée Lauder

Estée Lauder is the flagship brand of The Estée Lauder Companies Inc. Founded by Estée Lauder, one of the world’s first female entrepreneurs, the brand today continues her legacy of creating innovative, sophisticated, high-performance skincare and makeup products and iconic fragrances – all infused with a deep understanding of women’s needs and desires. Today, Estée Lauder engages with women in over 150 countries and territories around the world and at dozens of touch points – from in-store to digital. And each of these relationships consistently reflects Estée’s powerful and authentic woman-to-woman point of view. Follow @esteelauder on Instagram, Facebook, Twitter, TikTok and YouTube.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220824005129/en/


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https://www.aetoswire.com/en/news/2508202226687
Contacts
PR:
Tara Connaughton – tconnaug@estee.com
Stephanie Katz – skatz@estee.com

 

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Western Union au Mali réactive les services de transfert d'argent vers et depuis les pays de la CEDEAO

(BUSINESS WIRE) -- Western Union a annoncé aujourd'hui avoir relancé les services de transfert de fonds pour les clients du Mali souhaitant envoyer et recevoir de l'argent depuis la Communauté économique des États de l'Afrique de l'Ouest (CEDEAO). Cette décision renforce l'engagement de Western Union envers le Mali et pour le mouvement d'argent transfrontalier pour les clients du pays.

« Nous sommes ravis de relancer nos services de transfert d'argent reliant le Mali à la CEDEAO, » a déclaré Mohamed Touhami El Ouazzani, Vice-président régional pour l'Afrique chez Western Union. « Les transferts d'argent constituent une véritable bouée de sauvetage pour des millions de personnes, et toute interruption des services peut avoir un impact sur la vie des clients et de leurs familles. Bien que nous ayons temporairement suspendu nos services de transfert d'argent au Mali vers et depuis les pays de la CEDEAO, nous avons œuvré rapidement pour reprendre nos services de manière responsable peu de temps après la levée des restrictions sur la nation. »

Les transferts d'argent internationaux de Western Union sont restés toujours disponibles au Mali, reliant les clients au reste du monde. La levée des restrictions signifie que les clients peuvent à nouveau utiliser les services de Western Union pour envoyer et recevoir de l'argent depuis le Bénin, le Burkina Faso, le Cape Vert, la Côte d'Ivoire, la Gambie, le Ghana, la Guinée, la Guinée-Bissau, le Libéria, le Mali, le Niger, le Nigéria, le Sénégal, la Sierra Leone et le Togo.

Selon les chiffres de 2021 publiés par la Banque mondiale, les transferts de fonds reçus par le Mali s’élevaient à 1,05 milliards, contribuant à 5,5% du PIB malien.

Western Union exploite l'une des plus grandes plateformes de transfert d'argent transfrontalier au monde, transférant de l'argent vers et depuis plus de 200 pays et territoires. Son but consiste à connecter les gens où qu'ils soient dans le monde afin qu'ils puissent envoyer et recevoir un soutien vital.

Western Union opère au Mali depuis plus de 20 ans. La société offre des services de transfert de fonds internationaux sur des canaux numériques et de physiques via un vaste réseau d'agents. Elle continuera à se concentrer sur la rapidité, le choix et l'efficacité pour les clients, ainsi que sur l'autonomisation économique grâce aux mouvements d'argent dans le monde entier.

À propos de Western Union

The Western Union Company (NYSE : WU) est un leader mondial en mouvements de fonds et de paiements transfrontaliers et inter-devises. La plateforme de Western Union fournit des flux transfrontaliers transparents et son réseau financier mondial pionnier relie plus de 200 pays et territoires et environ 130 devises. Nous connectons les consommateurs, les entreprises, les institutions financières et les gouvernements via l'un des réseaux offrant la plus large portée au monde, accédant à des milliards de comptes bancaires, à plusieurs millions de portemonnaies électroniques et de cartes, et à un vaste réseau mondial de points de vente. Western Union connecte le monde pour offrir des possibilités illimitées à portée de main. Pour de plus amples informations, veuillez consulter le site internet suivant : www.westernunion.com.

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.


Permalink
https://aetoswire.com/fr/news/2408202226661
Contacts
Saadia McGlinchey; Saadia.McGlinchey@wu.com
Karen Santos; Karen.Santos2@westernunion.com

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Western Union in Mali Reactivates Money Transfer Services to and from ECOWAS Countries

(BUSINESS WIRE) -- Western Union today announced that it has relaunched money transfer services for customers in Mali seeking to send and receive money from the Economic Community of West African States (ECOWAS). The move reinforces Western Union’s commitment to Mali and to enabling cross-border money movement for customers in the country.

“We are excited to relaunch our money transfer services connecting Mali to ECOWAS,” said Mohamed Touhami El Ouazzani, Regional Vice President of Africa at Western Union. “Money transfers are a lifeline for many, and any disruption in services can cause an impact on the lives of customers and their families. Although we temporarily suspended our money transfer services in Mali to and from ECOWAS countries, we worked quickly to responsibly resume our services soon after the nationwide restrictions were lifted.”

Western Union’s international money transfers have continued to be available in Mali, connecting customers to the rest of the world. The lift of restrictions means that customers can now once again use Western Union services to send to and receive money from Benin, Burkina Faso, Cabo Verde, Cote d'Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone and Togo.

According to 2021 figures published by the World Bank, Mali received 1.05B in remittances‑which accounted for 5.5% of its GDP.

Western Union operates one of the largest cross-border money transfer platforms in the world, moving money to and from 200+ countries and territories. Its purpose is to connect people wherever they are in the world so they can send and receive vital support.

Western Union has been operating in Mali for over 20 years. The Company offers international money transfers across digital and retail channels through an extensive network of Agents. It will continue to focus on enabling speed, choice and efficiency for customers, as well as driving economic empowerment through money movement around the globe.

About Western Union

The Western Union Company (NYSE: WU) is a global leader in cross-border, cross-currency money movement and payments. Western Union’s platform provides seamless cross-border flows and its leading global financial network bridges more than 200 countries and territories and approximately 130 currencies. We connect consumers, businesses, financial institutions, and governments through one of the world’s widest reaching networks, accessing billions of bank accounts, millions of digital wallets and cards, and a substantial global network of retail locations. Western Union connects the world to bring boundless possibilities within reach. For more information, visit www.westernunion.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220823005061/en/


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https://aetoswire.com/en/news/2408202226659
Contacts
Saadia McGlinchey; Saadia.McGlinchey@wu.com
Karen Santos; Karen.Santos2@westernunion.com

 

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First Edition of Landmarks in Logistics Awards 2022 Announced

Dubai, United Arab Emirates - Thursday, 25. August 2022 

Supported by the National Association of Logistics and Freight (NAFL), Logistics Gulf News will be hosting the Awards on 22 September 2022

 

Logistics Gulf News, the fastest growing logistics news media platform, strengthens its commitment to cater to the needs of the logistics and supply chain businesses in the region with the announcement of the Landmarks in Logistics Awards 2022. The publication will be hosting the prestigious awards, set to take place on the 22nd of September at the Address Dubai Mall Hotel.

The awards present the leading companies within the logistics and supply chain industry with an opportunity to showcase their success and achievements. The award categories expand across last mile deliveries, sustainability, air freight operations, seaport logistics, and eCommerce platforms among others while recognizing enterprise, individuals, and sustainability efforts.

Nominees are eligible to sign up for no more than four award categories out of the 19 carefully designed choices available on the nomination form. The final date for submission of entries for the awards is on the 31st of August 2022.

“We are very excited to be hosting the first edition of Landmarks in Logistics Awards! We are excited to receive the industry’s most dynamic leaders and witness them laud and celebrate their success along with their peers,” said Vishvanath Shetty, Managing Director, AARYA Media FZC, LLC.

The Jury includes Juan Garza, the Business Director at RouteMagic Logistics, Robin Vermaat, the Founder & CEO of RV Consultancy, and Alexander Borg, Chairman of the Strategic Board IOSCM MENA, Advisory Board Member at IOSCM in the UK.

Specialists within the industry can nominate themselves or others for the awards under various categories with no entry or any fees required for the nominations or later stages.

The Landmark in Logistics Awards 2022 will be an annual event that celebrates the impact, brilliance and innovation of companies and business leaders within the Logistics and Supply Chain industries.


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https://www.aetoswire.com/en/news/250820222
Contacts
Melwyn Abraham

melwyn@matrixdubai.com

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Best's Market Segment Report: Shortcomings Still Present Despite Steady Improvements in ERM for MENA Insurers

LONDON - Monday, 15. August 2022

(BUSINESS WIRE)--Enterprise risk management (ERM) frameworks and capabilities can vary widely among (re)insurers in the Middle East and North Africa (MENA), where economic, political and financial systems risks tend to be elevated, according to analysts at AM Best.

A Best’s Market Segment Report, titled “Shortcomings Still Present Despite Steady Improvements in ERM for MENA Insurers,” notes ERM is gaining significant traction for AM Best-rated entities in the region. However, weaknesses remain inherent within ERM frameworks, which generally tend to lag behind mature markets.

Despite steady improvements over time, common ERM weaknesses identified in the region include inadequacies in stress testing and in the embedding of governance and risk culture practices. Additionally, many companies tend to have a silo approach to risk management, and are yet to embrace an enterprise-wide approach. AM Best’s report also highlights that the greatest risks faced in the region include concentration, investment and legislative/regulatory/judicial/economic risks, and that risk management capabilities are often deficient in these areas.

To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=322922.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220814005008/en/


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https://www.aetoswire.com/en/news/2508202226697
Contacts
Romeo Berti
Financial Analyst
+44 20 7397 0267
romeo.berti@ambest.com

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322
richard.banks@ambest.com

Alex Rafferty
Associate Director, Analytics
+44 20 7397 0312
alex.rafferty@ambest.com

Edem Kuenyehia
Director, Market Development & Communications – EMEA & AP
+44 20 7397 0280
edem.kuenyehia@ambest.com

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BACK TO SCHOOL WITH LG

Take Advantage of Advanced Learning Experiences with LG gram, LG UltraWide and LG Ergo

Millions of students across the Middle East are going back to school in the coming weeks, and many of them anticipate entering a new school year with devices that will help them boost productivity and multitask to keep up with their on-the-go lifestyle. Understanding the needs of today’s students, LG Electronics (LG) offers a variety of devices for enhanced studying experience, including the LG gram, the lineup of ultralight and slim laptops with powerful performance and long battery life, LG UltraWide, the lineup of large monitors for advanced multitasking and efficient learning, and LG Ergo, the lineup of monitors designed to deliver maximum workspace flexibility.

 

LG gram for Better Mobility and Performance

Designed for those who lead an on-the-move lifestyle, LG gram combines ultra-lightweight form, sleek design and powerful processor to allow users to easily carry and use it anywhere without sacrificing performance. The latest LG gram 17” features the Intel Evo Platform powered by the new 11th Gen Intel® Core™ processor with Iris® Xe graphics that ensure high-resolution content creation and editing to meet even the most intensive students’ needs. Additionally, the LG gram 17” provides up to 19.5 hours of battery life, allowing users to immerse themselves into the learning process without any interruptions.

This month, with any purchase of the 16” or 17” i7 LG gram, customers will receive a free 16” LG gram+view portable monitor, designed to maximize productivity by extending the screen capabilities and making the digital space convenient for any type of studies. The promotion is available at Jumbo and Sharaf DG.

 

LG UltraWide and LG Ergo for Efficient Learning

Bringing multitasking to the next level, LG UltraWide monitors with a range of sizes from 25-inch to 34-inch allow users to easily work on multiple tasks at the same time. LG Nano IPS™ display delivers a wide colour spectrum with outstanding colour accuracy and brightness. For long nights of studying, LG UltraWide provides the Eye-Care Features such as low blue light emission and ambient light sensor that reacts to light and adjusts the brightness of the screen. Additionally, for productivity and comfort during long hours of studying, LG offers LG DualUp Monitor with Ergo stand. Designed for multitasking and creative work, the monitor features two 21.5-inch screens (16:9 aspect ratio) stacked one on top of the other in a single display. Ensuring more comfortable and sustainable user experience, the Ergo stand offers expanded ergonomic adjustment of extend, retract, swivel, pivot, height and tilt for perfect screen positioning.

 

To find out more about the LG products please visit:

https://www.lg.com/ae/laptops/lg-17z90p-g-black

https://www.lg.com/ae/laptops/lg-16mq70

https://www.lg.com/ae/ultrawide-monitors

https://www.lg.com/ae/consumer-monitors/lg-28mq780-b

# # #

About LG Electronics, Inc.

LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 75,000. LG’s four companies – Home Appliance & Air Solution, Home Entertainment, Vehicle component Solutions and Business Solutions – combined for global sales of over USD 56 billion in 2020. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, service robots, automotive components and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.


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https://www.aetoswire.com/en/news/2508202226683
Contacts
Media Contacts

LG-One

Nora Nassar

Email: Nora.Nassar@lg-one.com

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GT USA Enabling a Turnaround of the Port of Wilmington

Wilmington, DE 
Over $200 million of direct additional value provided to Delaware taxpayers in first 3 years of operations

October 3rd, 2022, will mark GT USA Wilmington’s (GTW) fourth year into a 50-year concession agreement managing and operating the Port of Wilmington in Delaware. To say there have been a few unforeseen challenges thrown its way is an understatement. Indeed, who could have foreseen that within months after the ceremonial handover the world would be amid a global pandemic.

Throughout the challenging times GTW diligently pursued new business through its global network and built new facilities to enhance customer services. It has ensured that cargos of fresh food and other necessities moved quickly, without disruption, onto supermarket shelves. Throughout the entire pandemic and beyond, the Port has remained fully functioning, with no delays, retaining all employees throughout.

2022 has seen a robust increase in throughput. The Port’s 2021-2022 winter fruit season was highly successful with imports of both South American and Moroccan produce rising over 140% on the previous season. Additionally, the Port of Wilmington recently received its first ever shipment of summer fruit (establishing the start of the port’s year-round fruit services.) These recent successes have contributed to the increase in bulk cargo volumes by 56%. These positive developments have been achieved by GTW’s highly productive operational and commercial abilities.

In the three years since accepting the challenge of operating the historic Port of Wilmington, GTW has incurred $251MM of operating expenses, including $202MM of direct labor costs.

The Company has relieved the State of the need to annually subsidize the publicly owned port of between $15-18 million, assumed a rise of over $56 million of operating costs implemented a few weeks after accepting the concession, paid over $10 million in royalties to the State and upgraded the port with over $88 million of investment in capital improvements and equipment. In just the first three years GTW has provided over $200 million of direct additional value to the State of Delaware by investing in long term improvements and by bearing significant legacy costs, additional pandemic related costs and an operating cost increase of running the port of over 45%. This excludes the indirect value from the businesses in the community that are benefiting from the increases in volumes through the port.

 

The $88MM in capital improvement and equipment to upgrade the port includes extending the cranes rails, that the large ship to shore cranes ride on, from berths 1-4 through berths 5 and 6. Port warehousing capacity now stands at over one million square feet. The yard densification program has increased yard container storage by over 85% to 600,000 TEUs. In addition, the implementation of GTW’s state-of-the-art Terminal Operating System has greatly increased efficiency, transparency and customer satisfaction.

 

Despite having unforeseen costs imposed upon it, GTW has made timely payments to its lenders and remains resolutely committed to Delaware.

 

Joe Cruise, CEO of GT USA Wilmington said “Since taking over the leadership of the operation we have focused efforts on securing additional and new business from all corners of the globe, streamlining operations and improving productivity. Increased volume of clementines from Morocco, grapes from Chile and lumber from Europe, and new products of plywood from Chile, rice from Thailand, juices from China and Turkey, glycerin from Malaysia for manufacturing hand sanitizer, along with several other products. New cargoes were sourced from GTW’s global network and are being imported through Wilmington for the first time. Stay tuned for more new cargo announcements coming soon. No stones are being left unturned. Despite our challenges, business is growing, and jobs are being created. Delaware is quickly developing a reputation as an efficient international gateway to the Northeast US, allowing for competitive local jobs to be created.” he said, adding, “We take pride on our continuous environment improvement efforts. In September 2021, we celebrated the commissioning of our five brand new zero emission electric-rubber-tired gantry cranes (e-RTGs) significantly reducing pollution and increasing efficiencies as part of our new state-of-the-art refrigerated container racking station.”

The truth of the matter is that the business landscape is quite different to the pre-Covid era, when the concession agreement was signed, and despite all challenges, GT USA Wilmington remains committed to being an integral member of Delaware’s success story. As it accelerates its development it will continue to build on Delaware’s legacy as a world class industrial and logistics hub.

***

About GT USA Wilmington

GT USA Wilmington is a U.S. division of Gulftainer, a privately owned, independent terminal operator and logistics company with operations and business interests in the Middle East and the United States. The company signed a 50-year agreement to manage operations at the Port of Wilmington. This agreement marks Gulftainer’s second venture in the United States and follows the signing of a 35-year agreement with the Canaveral Port Authority in Florida. For more information, go to www.gulftainer.com/US.

 

About the Port of Wilmington, DELAWARE   

Founded in 1923, the Port of Wilmington is a full service Mid-Atlantic seaport on the Delaware River strategically located to provide overnight access to two hundred million North American consumers. Wilmington ranks as North America’s top banana port and the nation’s leading gateway for imports of fresh fruit and juice concentrates. The Port was one of the original certified ‘360 Quality’ marine terminals in the United States and is Safe Quality Food (SQF) certified, underscoring its high-quality handling standards for perishable cargo. An economic engine for the State of Delaware and the region, business activity at the Port creates over 5,900 family sustaining jobs and annually generates $436 million in business revenue, $409 million in personal income and $41 million in local taxes. The Port is operated by GT USA Wilmington, LLC. For further information, visit www.gulftainer.com/US or www.portofwilmington.com


Permalink
https://www.aetoswire.com/en/news/2308202226653
Contacts
Mohammed Al Barazenjey

+971557163727

mb@saharapr.com

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