A view shows a board with the logo of Shell at the company’s fuel station in Saint Petersburg, Russia May 6, 2022. Anton Vaganov | Reuters British oil major Shell on Monday said it agreed a deal to buy Canadian energy company ARC Resources in an output-boosting deal valued at $16.4 billion. The transaction will…
SHANGHAI, CHINA – NOVEMBER 05: People visit the booth of Organon during the 7th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 5, 2024 in Shanghai, China. The 7th China International Import Expo (CIIE) kicked off in Shanghai on November 5. (Photo by Tang Yanjun/China News Service/VCG via…
USA Rare Earth has announced plans to buy Brazilian rare earths miner Serra Verde in a deal worth $2.8 billion in cash and shares, as it seeks to challenge China’s dominance of the supply chain. The Oklahoma-headquartered company said it will pay $300 million in cash and $126.9 million in its own newly issued stock…
A United Launch Alliance Atlas V rocket lifts off carrying Amazon’s two prototype relay stations for Project Kuiper, from the Cape Canaveral Space Force Station in Cape Canaveral, Florida, in 2023. Joe Skipper/Reuters Amazon is in talks to buy satellite telecommunications group Globalstar as it ramps up efforts to build its own low-Earth-orbit satellite business…
MTN Group CEO Ralph Mupita MTN Group has agreed to acquire the shares in IHS Towers that it does not already own, in a deal that would see Africa’s largest mobile operator take full control of nearly 29 000 towers across the continent – effectively reversing years of selling off its passive infrastructure. The IHS board…
Schroders soared to the top of the Stoxx 600 on Thursday, hitting a 52-week high, after U.S. fund management giant Nuveen said it would buy the U.K.’s largest standalone asset management. The deal, sized at £9.9 billion ($13.5 billion), will create one of the world’s biggest asset management groups. Nuveen — the investment management arm…
The BYD Dolphin Surf is officially South Africa’s most affordable electric car TechCentral regularly publishes a list of all the battery-electric vehicles available for sale in South Africa, along with prices, performance figures and more. Since our 2022 debut, this list has evolved from a handful of high-end German imports to a diverse marketplace. While…
MTN Group said on Thursday that it’s in advanced discussions to acquire the shares in IHS Holdings that it does not already own, a move that would see the mobile operator take control of the tower infrastructure business. In a cautionary notice to investors, MTN – which has in the past raised concerns about corporate…
Building in-house software comes with costs and risks. Is it better to build or buy software? The prevailing wisdom is that building software has more advantages. If the project can justify development resources, such as for infrastructure and expert skills, the value far outweighs the risks. But this belief doesn’t translate into reality. A new…
The Competition Commission has approved a deal that will see Open Access Data Centres expand its local footprint through the acquisition of a portfolio of data centre facilities from NTT Data – subject to public-interest conditions. The transaction involves Open Access Data Centres, through its subsidiaries OADC Propco and OADC Opco, acquiring certain data centre…
