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PARIS :Italy’s Leonardo will soon announce the acquisition of a European cybersecurity company, its chairman told Reuters on Tuesday, as the aerospace and defence group consolidates a business seen as increasingly important in new combat systems.”Cybersecurity is an essential component in so-called multi-domain warfare, where everything is connected with everything. Connections must be secure so that the enemy cannot use parts of a system,” Stefano Pontecorvo said. Pontecorvo did not name the company or give a more precise timeframe. In October, Leonardo’s Chief Executive Roberto Cingolani said the state-controlled company was looking at dozens of domestic and foreign companies for…
BAMAKO, Mali — A judge in Mali on Monday ordered Barrick Gold’s Loulo-Gounkoto gold complex to be placed under provisional administration for six months in an ongoing dispute between the Canadian mining company and the West African nation’s military government over unpaid taxes. Zoumana Makadji, an accountant and a former Malian minister of health has been appointed as the company’s provisional administrator within 15 days, Judge Issa Aguibou Diallo said in a statement to Barrick’s lawyers. Barrick’s website said the company is Africa’s largest gold producer through its Loulo-Gounkoto complex and Kibali mine located in Congo.Barrick Gold has been in…
The new owner of the discount retailer Poundland has revealed proposals to close 68 stores and two distribution centres under a shake-up that will also see frozen food and online sales halted.Gordon Brothers, the investment firm which snapped up the struggling brand for a nominal sum last week, said its recovery plan “intended to deliver a financially sustainable operating model for the business after an extended period of under-performance”. The company was yet to confirm exactly how many staff would be affected by the closures.Money latest: £150 compensation for thousands of energy customersIt currently employs 16,000 people across the business.…
TEL AVIV, Israel, June 17, 2025 /PRNewswire/ — Lutris Pharma, a clinical stage biopharmaceutical company focused on improving anti-cancer therapies by reducing cutaneous dose limiting toxicity, today announced the presentation of results from its double-blind, placebo-controlled phase 2 randomized clinical trial of lead compound, LUT014 gel. The topically-applied novel B-Raf inhibitor is optimized for paradoxical MAPK activation, for use by patients treated with epidermal growth factor receptor (EGFR) inhibitor therapy who develop dose-limiting acneiform rash. The clinical data will be released in an oral presentation during a Proffered Paper Session at the European Society for Medical Oncology (ESMO) Gastrointestinal Cancers Congress…
Almost everyone Ms Curry knows in Broome has taken advantage of the four-hour flights to Singapore. The seasonal service started in June 2024, flying twice a week before pausing in October 2024 ahead of the cyclone season. The service restarted in April. Now, its abrupt end means that Broome residents hoping to travel abroad must once again fly more than two-and-a-half hours to Perth, and transit there. “It adds cost, time and complexity, which limits international travel and business growth,” said Ms Curry, who runs her own marketing and consultancy firm. The people of Broome are “devastated” the route is…
Published Tue, Jun 17, 2025 · 06:53 PM[KUALA LUMPUR] Malaysian Prime Minister Anwar Ibrahim said on Tuesday (Jun 17) that Shell has committed to increasing its investments in Malaysia by RM9 billion (S$2.7 billion) over the next two to three years.The boost in Shell’s investments will create high-skilled job opportunities for Malaysians, Anwar said in a Facebook post following a meeting with Shell CEO Wael Sawan. He did not provide further details. “This decision stands as a resounding vote of confidence from a world-class investor in our sound economic policies, clarity in our leadership, and promise in our future,” Anwar said. Shell…
[SINGAPORE] The full impact of the escalating US tariffs on Asean’s growth will likely emerge in 2026 – and Bloomberg projects a sharp regional slowdown.Gross domestic product growth across the Asean-5 economies – Singapore, Malaysia, the Philippines, Vietnam and Indonesia – is expected to fall from 4.5 per cent in 2024 to 3 per cent in 2025; Bloomberg Economics projected on Tuesday (Jun 17) that growth could even wilt to 1.5 per cent in 2026 if the tariffs stay in place. Among the five, Thailand and Singapore are likely to be hit the hardest because of their exposure to global…
KUALA LUMPUR :Malaysian Prime Minister Anwar Ibrahim said on Tuesday that Shell has committed to increasing its investments in Malaysia by 9 billion ringgit ($2.12 billion) over the next two to three years.The boost in Shell’s investments will create high-skilled job opportunities for Malaysians, Anwar said in a Facebook post following a meeting with Shell CEO Wael Sawan. He did not provide further details. “This decision stands as a resounding vote of confidence from a world-class investor in our sound economic policies, clarity in our leadership, and promise in our future,” Anwar said. Shell did not immediately respond to a request for…
WHAT is an oil producer to do when it sees its core product under threat from declining demand and a war-torn neighbourhood? Just ask Abu Dhabi National Oil Co (Adnoc).The US$19 billion all-cash bid for Australian gas producer Santos on Monday (Jun 16) from a consortium led by the state-owned United Arab Emirates business is one answer to the question.Adnoc has been on a shopping spree for gas assets in recent years. In common with its far larger peer Saudi Arabian Oil Co, which is currently spending more money developing new gas fields than crude reserves, it has been gradually…