South Africa’s Naspers Limited said two of its eCommerce players- Media24 and Takealot will merge their online fashion brands, Spree and Superbalist. The merger will seek to form one of the largest classified business in the country. According to data compiled by Naspers, in South Africa the penetration of online […]
Adobe has appointed Dana Rao as executive vice president and General Counsel, effective immediately. Rao will succeed Mike Dillon, who announced his intent to retire earlier this year. Rao will report to Adobe president and CEO Shantanu Narayen and will oversee all of Adobe’s legal and government relations matters. Currently […]
Italy’s Eni said it has 10% stake sale in Shorouk concession, offshore Egypt, to Mubadala Petroleum.
For many of us in the media industry, every FIFA World Cup Russia 2018 is our Super Bowl. For brands, it is a time to put their best foot forward. On average, not less than NGN10 billion has been spent by local and regional brands to push their brand given […]
OneLogin has been creating online authentication software for companies of all sizes, including many of the top manufacturers in the world. Since many companies now use remote online authentication for their employees, they have left themselves open to a host of security vulnerabilities. In fact, security breaches may cause hundreds […]
Ireland’s CRH plc said it has reached an agreement to acquire Ash Grove Cement Company, a leading U.S. cement manufacturer headquartered in Overland Park, Kansas, for a total consideration of US$3.5 billion. The U.S. Federal Trade Commission has now issued its consent order for this transaction and no further regulatory […]
Norway’s Equinor has acquired a 25% non-operated interest in the Roncador oil field in Brazil’s Campos Basin. Equinor said in a statement that all the transaction conditions have been met including government and regulator approval. Reflecting equity volumes produced since the effective date of 1 January 2018 and the deposit […]
Nestle has announced that Peter Vogt, Head of Group Human Resources and Member of the Group Executive Board, will retire at the end of July 2018 after a long and distinguished career of 38 years at the company. After joining Nestlé in 1980, Peter Vogt embarked on a career rich […]
Willis Towers Watson said Rich Keefe Andrew Krasner have both joined the company’s board. Rich Keefe assumes leadership of the Investor Relations function, previously led by Aida Sukys. Keefe will also continue in his role as lead for the company’s Financial Planning & Analysis (FP&A) function. In his new role […]
China’s ZTE Corporation is said to be looking at raising up to $11 billion to stabilise the company after the US stopped its operations due to infractions committed in the country. According to Financial Times, the company applied for a CNY30 billion ($4.7 billion) credit line from Bank of China […]