News from January 2022
EU faces backlash for plan to give 'green' label to gas, nuclear energy projects
By Emily Bevard | Jan 13, 2022
The European Union (EU) has proposed a plan to give some energy projects focusing on low carbon gas sources and nuclear energy a "green" label, which has sparked backlash from some member states, including Germany and Austria.
Real Estate Limited Partner Institute credits 'pent-up demand' for European expansion
By Art Benavidez | Jan 13, 2022
A New York-based company known for its commitment to the worldwide institutional investment community for the commercial real estate class has expanded operations in Europe.
$395.9 million arrangement reached between IMF, Nepal
By Press Release | Jan 13, 2022
On Jan. 12, the Executive Board of the International Monetary Fund (IMF) approved a 38-month arrangement under the Extended Credit Facility (ECF) for Nepal in an amount equivalent to SDR 282.42 million (180 percent of quota or about US$395.9million).
World's largest McDonald's franchisee expands food delivery service in Uruguay
By Art Benavidez | Jan 13, 2022
A Uruguayan-based company, dLocal, a technology-first payments platform, announced Jan. 4 plans to collaborate with Arcos Dorados, the world's largest McDonald's franchisee.
'International appeal' drives Sonder Holdings Inc. to add properties in Montreal, Toronto
By Art Benavidez | Jan 13, 2022
A San Francisco-based hospitality company added hundreds of new properties across Montreal and Toronto in 2021.
Flora Growth Corp. 'excited' to sell skin care products in Mexico, Walmart website
By George Willis | Jan 12, 2022
Flora Growth Corp. is launching its Mind Naturals skin care brand through Walmart.com and Coppel, a nationwide department store in Mexico.
Chen an 'excellent fit for global efforts' at HighTide Therapeutics
By Zachary Richter | Jan 12, 2022
Rockville, Maryland-based HighTide Therapeutics Inc. recently appointed Jin Chen as senior vice president of drug metabolism and pharmacokinetics (DMPK) and clinical pharmacology, according to a company press release.
Spire Global hires chief people officer to foster 'inclusive, high-performing culture'
By George Willis | Jan 12, 2022
Tim Braswell has been appointed as the chief people officer of Spire Global Inc., a leading global provider of space-based data, analytics, and space services.
Intel announces first closing for sale of two businesses
By George Willis | Jan 12, 2022
Intel Corporation recently announced the first closing for the sale of its NAND and Solid-State Drive (SSD) businesses.
'Exciting milestone': Trinseo acquires Heathland B.V.
By Zachary Richter | Jan 12, 2022
Trinseo, a global manufacturer of plastics and latex binders, announced Jan. 3 the acquisition of Heathland B.V.
World Bank: Global growth will be slow through 2023
By Press Release | Jan 11, 2022
Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report.
Kambi 'thrilled' to sign multi-state agreement with Affinity Interactive
By Augustus Griffith Jr. | Jan 11, 2022
The Kambi Group recently signed a multi-state sportsbook agreement with Affinity Interactive.
WEX financial services company names two new executives: 'expanding global footprint'
By David Beasley | Jan 11, 2022
Financial services company WEX has named Karen Stroup as chief digital officer and Carlos Carriedo as chief operating officer, international, a news release said.
China's economic censorship 'increases financial risk' for American businesses and investors
By Andy Nghiem | Jan 11, 2022
China's increasing economic data censorship is raising risks for American investors and financial service companies that rely on Chinese economic reports to do business.
Houlihan Lokey 'delighted' to expand oil and gas coverage in Middle East
By John Suayan | Jan 10, 2022
Los Angeles-based investment bank Houlihan Lokey, Inc., on Jan. 5 announced the expansion of its oil and gas coverage in the Middle East.
Smith 'thrilled to begin this new chapter' as Atlanta-based Crawford's new Canadian president
By Zachary Richter | Jan 10, 2022
Crawford & Company, the world's largest independent claims management company, recently announced that Greg Smith has been promoted president of Canadian operations effective Jan. 1, 2022, a news release said.
Samsung Electronics unveils 'truly impressive' new development in enterprise server market
By Karla Florez | Jan 10, 2022
Samsung Electronics Co., Ltd. recently confirmed the development of PCIe 5.0 SSD for enterprise servers as a result of a collaboration with chipset and server manufacturers.
MyMD, Tan Thanh bring new Covid-19 pill to market
By Augustus Griffith Jr. | Jan 10, 2022
MyMD Pharmaceuticals, Inc., recently signed a Cooperation and Purchase Agreement with Vietnam-based Tan Thanh Holdings Investment Joint Stock Company to purchase Oravax’s oral COVID-19 vaccine.
Organigram acquires Quebec-based company: 'another important milestone'
By Glenn Minnis | Jan 8, 2022
Leading cannabis producer Organigram Holdings Inc. has acquired all of the issued and outstanding shares of Laurentian Organic Inc.
'Culture of quality': Hearthside Food Solutions acquires six facilities in US, Canada
By David Beasley | Jan 8, 2022
Hearthside Food Solutions LLC has acquired the assets of Weston Foods Ambient Division including six North American facilities producing cookies, crackers, wafers and other baked products.