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Fri, May 17, 2024 07:46 PM All times are UTC

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LS Electric acquires Nokia’s ALO power facility asset

Jun 09, 2022 10:20 am UTC| Business Economy

LS Electric Co. Ltd, a South Korean automation solutions firm, has acquired Nokias asset lifecycle optimization (ALO) software, and this was announced on Wednesday, June 8. The company made the purchase to fulfill its goal...

SKC sells its profitable film business to Hahn & Co to focus on other businesses

Jun 09, 2022 10:07 am UTC| Business Economy

SKC is a South Korean firm that has led the countrys material industry for more than four decades in the film and chemical markets. It is now transforming itself to become a high-value-added materials provider that will...

Samsung secures multi-billion-dollar Tesla deal for supply of camera modules

Jun 09, 2022 09:28 am UTC| Business Economy

Samsung Electro-Mechanics has won a deal to supply camera modules to Tesla. The said item is a key part of the production of the EV makers electric trucks. Samsung Electro-Mechanics is a subsidiary of the Samsung Group,...

Microsoft withdraws operations in Russa citing Ukraine invasion

Jun 09, 2022 07:54 am UTC| Business Economy

Microsoft Corp. is the next US-based company to announce its withdrawal from Russia. The tech firm is canceling its business in the said country in response to the Vladimir Putin-led invasion of Ukraine. Microsoft Corps...

KFC Australia replaces lettuce with cabbage due to shortage

Jun 09, 2022 06:57 am UTC| Business Economy

KFC Australia was forced to serve food items with cabbage instead of the usual lettuce because of the unexpected shortage of the said leafy vegetable. Lettuce has always been a key ingredient in most of the menu, but the...

New Balance sues Steve Madden over “deliberate knock-offs”

Jun 08, 2022 22:25 pm UTC| Business Law Sports Economy Life

New Balance is suing Steve Madden for deliberately copying its patent-protected 327 model sneaker in an attempt to piggyback on the commercial and critical success of the 327 design. The US District Court for the...

Phil Mickelson commits to Saudi-backed LIV Golf

Jun 08, 2022 22:25 pm UTC| Sports Business Economy

Phil Mickelson has confirmed his commitment to Saudi Arabias Public Investment Fund (PIF) backed controversial LIV Golf Invitational Series set to get underway in England. Mickelson, 54, is being paid up to $200 million...

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Economy

What should you do if you can’t pay your rent or mortgage?

The cost of living crisis is making it difficult for many people to pay their bills, including housing costs. Private sector rents have increased by an average 9% over the year to February 2024, and rising interest rates...

Reducing energy demand and improving efficiency will help prevent the next gas crisis

Gas prices have relaxed, Europe has come out of the winter with record gas storage levels and a surfeit of liquefied natural gas is set to reach the shores of Europe over the coming years. Many commentators are hopeful...

Minimum wage for South African farm workers: study shows 2013 hike helped reduce poverty even though compliance was poor

Minimum wage policies are typically aimed at reducing poverty. Yet there is little direct evidence of this effect, especially in developing countries. And none for South Africa. In a recent paper, we consider the...

Gas is good until 2050 and beyond, under Albanese gas strategy

The Albanese government is talking up the crucial role of gas as a transition fuel through to 2050 and beyond. In a gas strategy to be released on Thursday, the government envisages the fuels uses would change over...

South Africa’s plan to move away from coal: 8 steps to make it succeed

The South African governments Just Energy Transition Implementation Plan was launched in November 2023. It is a roadmap guiding the country away from reliance on coal-fired power towards renewable energy alternatives by...

Politics

Donald Trump Allegedly Offers Oil Execs a Deal to Scrap EV Incentives for $1B Donation

Former President Donald Trump reportedly proposed a $1 billion deal to oil executives, offering to end electric vehicle (EV) subsidies in return for campaign funding, according to The Washington Post. This move underscores...

US Supreme Court upended decades of precedent in 2022 by allowing voters to vote with gerrymandered maps instead of fixing the congressional districts first

For the 2022 midterm elections, the U.S. Supreme Court allowed Alabama to use congressional districts that violated the law and diluted the voting power of Black citizens. A 5-4 vote by the Supreme Court in February...

Germany lowers voting age to 16 for the European elections

Ahead of the European parliament elections in June, Germany has lowered the age limit on participation to 16. This makes it the largest of just a handful of states in the EU to allow people under the age of 18 to vote....

South Africa will be president of the G20 in 2025: two much-needed reforms it should drive

South Africa will play an important international role in 2025 as president of the G20. The G20 is a group of 19 countries as well as the African Union and the European Union. Between them they represent 85% of global...

What early 2024 polls are revealing about voters of color and the GOP

By the end of winter 2024, the return of Donald Trump to the top of the GOP presidential ticket has revealed a surprising trend in the former presidents base of support: his increasing popularity among Black and Latino...

Science

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

The Mars Sample Return mission has a shaky future, and NASA is calling on private companies for backup

A critical NASA mission in the search for life beyond Earth, Mars Sample Return, is in trouble. Its budget has ballooned from US$5 billion to over $11 billion, and the sample return date may slip from the end of this...

Dark matter: our new experiment aims to turn the ghostly substance into actual light

A ghost is haunting our universe. This has been known in astronomy and cosmology for decades. Observations suggest that about 85% of all the matter in the universe is mysterious and invisible. These two qualities are...

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

Technology

Two Arrested in $73M Crypto Scam, Justice Department Announces

The Justice Department prosecuted two Chinese nationals on Friday in a cryptocurrency scam that laundered at least $73 million from deceived victims. Defendants Allegedly Used Shell Corporations to Launder Funds Through...

Tether's $1B USDT Mint Boosts Bitcoin, Eyes on $70K Milestone

Bitcoin has switched its former resistance into support, as Tethers market capitalization continues to rise swiftly in 2024. Tether, the worlds largest stablecoin, has issued another $1 billion, raising its market...

Crucial SHIB Warning Goes Out: Fake Airdrop Scams Targeting Community, Here's Reason

The Shiba Inu team has delivered a crucial warning to its community, highlighting the presence of fake SHIB airdrop scams and the importance of safeguarding cryptocurrency assets. Shiba Inu Team Warns Community Against...

China To Drive Next Rally in Bitcoin, Gold Prices: Tapiero's Bold Predictions

The prospective outlook for Chinas economy, combined with speculation of Quantitative Easing (QE) in the regions real estate industry, is expected to have an impact on Bitcoin (BTC) and gold prices and liquidity in the...

Microsoft Integrates AMD AI Chips into Azure, Competing with Nvidia’s GPU Offerings

Microsoft announced Thursday that it will integrate AMDs MI300X processors into its Azure cloud services, offering a competitive alternative to Nvidias GPUs. Azures New AI Processing Power According to Reuters,...