Logistics giant Aramex said today it will make a non-recurring provision of $15.1 million for disruption caused to its business by the Beirut port explosion and a fire that blazed through warehouses in Morocco. Both incidents occurred in the third quarter of the year. The August 4 blast, caused by ignition of 2,750-tons of stored ammonium […]
The Abu Dhabi Investment Authority (ADIA) sovereign wealth fund has purchased 1.2% stake in India’s Reliance Retail Ventures for $750 million or 4.29 trillion rupees. With this latest investment, Reliance Retail Ventures Ltd. (RRVL) has raised 377.1 billion rupees from global investors including Silver Lake, KKR, General Atlantic, Mubadala, GIC, TPG and ADIA in less than […]
French telecom giant Orange’s new Sanza touch Smartphone has made it to the list of world’s cheapest 4G Android smartphones selling at $30 apiece. “As part of the line-up of activities for the GSMA Thrive Africa 2020, Orange announced the Sanza touch – an exclusive Orange smartphone and the most affordable 4G Android (Go edition) device […]
Rolls-Royce completed testing of ground-breaking technology that will power the world’s fastest all-electric plane last week. All the technology has been tested on a full-scale replica of the plane’s core, called an ‘ionBird’, including a 500hp electric powertrain powerful enough to set world speed records and a battery with enough energy to supply 250 homes. […]
The Japan Government plans to provide COVID-19 vaccinations free of charge to all of its citizens. The government is set to shoulder all costs by the end of June next year when sufficient when the vaccine will be available in sufficient quantities. The plan to provide free COVID-19 vaccinations could be unveiled at a meeting […]
SkyGrid, a Boeing, SparkCognition company, today launched a new application for Drone operators and enterprises to automate every phase of flight in one unified solution. Now available for free in the iPad App Store, SkyGrid Flight Control simplifies mission planning and execution, allowing drone operators to autonomously surveil a defined area and detect objects in […]
A group of 40 Japanese companies aim to develop AI-powered Robo Ship by as early as 2025. The project is backed by Nippon Foundation, a non-profit organisation. It wants to have unmanned vessels account for 50% of domestic shipping by 2040, Nikkei Asia reported last week. The development will be carried out with the help […]
Saudi Aramco will ship blue ammonia to Japan, where it will be used in power stations to produce electricity. Aramco and the Institute of Energy Economics, Japan (IEEJ), in partnership with SABIC, have successfully sent blue ammonia from Saudi Arabia to Japan with support from the Japanese Ministry of Economy, Trade and Industry. Forty tons […]
Researchers at Carnegie Mellon University (CMU) have developed a low-cost sensor that can identify COVID-19 antibodies in approximately 10 seconds. The novel sensor is based on a special structure of tiny gold electrodes that are 3D printed using the Optomec Aerosol Jet process. The technology would allow clinicians to instantly and accurately detect the COVID-19 […]
Royal DSM has partnered with Nedcam to improve access to scalable Fused Granulate Fabrication (FGF) 3D printing. Nedcam will 3D print FGF with DSM materials and the two companies will jointly explore new applications for tooling and production of large, circular parts for end use, the company said in a statement September 24. Nedcam recently […]
Harley-Davidson said on Thursday it will shut down manufacturing and sales operations in India. The American premium motorcycle manufacturer had indicated exiting some of the loss-making international markets to re-route focus on the US market. Under its “The Rewire” strategy revealed in July, it said that it would streamline its planned product portfolio by about […]
Airbus has revealed three concepts for the world’s first zero-emission commercial aircraft which could enter service by 2035. These concepts each represent a different approach to achieving zero-emission flight, exploring various technology pathways and aerodynamic configurations in order to support the company’s ambition of leading the way in the decarbonisation of the entire aviation industry. […]
Indonesia and Japan have listed a number of banks as cross currency dealers in an attempt to encourage Rupiah and Yen transactions for bilateral trade and direct investment. The countries signed a Memorandum of Understanding (MoU) on the Local Currency Settlement framework in Tokyo. “Bank Indonesia (BI) and the Ministry of Finance of Japan (JMOF) […]
Electric car maker Tesla Inc is mulling over establishing a research and development (R&D) centre in India’s technology capital, Bengaluru. Tesla held discussions with Karnataka State government officials regarding the project on September 10, Economic Times reported citing its sources on Monday. Government officials will present a detailed proposal to the car maker during a […]
China’s National Energy Administration has projected the country’s Natural Gas consumption to touch 320 billion cubic metres (bcm) this year. Although it indicates an upward trend by increasing 4.2% (or 13 bcm), the government research report shows it is the slowest growth pace in the last five years. Demand for natural gas grew just 1.5% […]
