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SpaceX prepares for Falcon 9 rocket launch from Florida’s Space Coast today.

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June 13, 2024

SpaceX prepares for Falcon 9 rocket launch from Florida’s Space Coast today.

SpaceX is gearing up for the rescheduled launch of a Falcon 9 rocket from Florida’s Space Coast. Originally planned for Wednesday, the launch has been pushed to Thursday at 4:46 p.m., with a backup opportunity at 6:40 p.m. The mission involves sending another batch of Starlink satellites into low-Earth orbit. After the launch, SpaceX will attempt to recover the rocket’s booster on its droneship in the Atlantic Ocean.

This particular launch marks the 16th flight for the rocket’s booster, which has previously completed missions such as SES-22, ispace’s HAKUTO-R MISSION 1, Amazonas-6, and several Starlink missions.

For those interested in following the launch, Channel 9 will be providing updates on Eyewitness News. To stay updated on this and other news, weather, and smart TV apps, you can download the free apps using the provided link. Additionally, you can stream Channel 9 Eyewitness News live by clicking the appropriate link.

Proposed Stablecoin Regulations in Australian Crypto Bill Draft, ASIC Issues Warning to Crypto Entities

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June 13, 2024

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Proposed Stablecoin Regulations in Australian Crypto Bill Draft, ASIC Issues Warning to Crypto Entities

Lawmakers are working on a number of financial reforms, including regulations for stablecoins. These reforms will be released simultaneously, with each one being addressed in sequence. The hope is that these reforms will be completed together in order to streamline the process. The proposed framework for regulating stablecoins falls under the umbrella of payments reforms, and will be a key focus of the overall effort. Stay tuned for more updates on these important developments in the financial sector.

‘Citypress appoints Paddy Smyth as part of £1m creative investment’

Business

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June 13, 2024

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‘Citypress appoints Paddy Smyth as part of £1m creative investment’

Citypress, a leading communications agency, has announced a significant investment of £1m over the next three years to enhance its creative expertise. The agency aims to strengthen its creative capabilities under the leadership of Paddy Smyth, who has been appointed as the new Creative Director.

With over a decade of experience at Golin, Smyth brings a wealth of knowledge and expertise to his new role. During his time at the London agency, he worked with renowned brands such as Premier Inn, Worldpay, and TRESemmé, serving as the Associate Creative Director.

Smyth expressed his vision for Citypress, stating, “My focus will be to build on Citypress’ excellent creative foundation to drive impactful campaigns that create meaningful change. There is huge momentum behind the agency, with a raft of recent creative award wins.”

In addition to client work, Smyth will collaborate with Citypress Senior Director, Ruth Lee, to enhance the agency’s creative discipline and functional capabilities. Lee highlighted Smyth’s track record of delivering innovative and results-driven campaigns that have positively impacted clients in various sectors.

“We’re investing more than ever in our creative offer, and Paddy’s appointment as Creative Director solidifies our commitment to delivering groundbreaking work for our clients,” Lee added.

The investment in Citypress’ creative specialism reflects the agency’s dedication to providing cutting-edge solutions to its clients and further establishing its position as a leader in the industry.

Monthly Revenue Reaches M for PayUp

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June 13, 2024

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PayUp, a fintech startup, has reached a significant milestone by achieving million in monthly revenue for three consecutive months. This achievement can be attributed to the company’s innovative payment processing and early financing solutions. Under the leadership of Yash Mittal, Co-Founder and Head of Product, PayUp has transformed from an early financing business to a comprehensive payment facilitator.

Initially, PayUp provided advance payments on invoices through a reverse factoring model. However, with Mittal’s vision, the company now offers a more robust platform that tackles accounts payables and receivables, along with a variety of payment methods. These methods include the company’s bank account with a debit card, ACH, eChecks, and traditional checks.

Mittal expressed his enthusiasm for reaching this milestone and highlighted the company’s commitment to providing innovative payment solutions and early investments in embedded finance. PayUp’s success is driven by its seamless integration with various business systems, offering an efficient payment experience for businesses to manage all their payment processing and financing needs in one place.

One of the key features of PayUp is the ability for vendors to not only get paid instantly on their terms but also access the funds immediately through the company’s bank account and debit card. By partnering with Stripe on Banking As A Service, PayUp offers both physical and virtual cards for Apple and Google wallets.

As PayUp continues to expand its offerings and enhance its platform, the focus remains on delivering exceptional value to its customers. This milestone signifies the company’s dedication to solving payment challenges for businesses and making bold decisions to drive growth and success.

Project Kuiper broadband services set to be offered in South America by Vrio

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June 13, 2024

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Project Kuiper broadband services set to be offered in South America by Vrio

Vrio Corporation, the parent company of DirecTV Latin America and Sky Brasil, has teamed up with Project Kuiper, Amazon’s low Earth orbit satellite broadband network, to provide internet connectivity in seven South American countries. The agreement aims to offer high-speed internet services to residential customers in Argentina, Brazil, Chile, Uruguay, Peru, Ecuador, and Colombia.

This collaboration will utilize Project Kuiper’s network to deliver fast and reliable internet to areas that are often challenging and costly to serve. By leveraging Project Kuiper’s low-latency, high-bandwidth satellite network, DirecTV and Sky will be able to offer nationwide coverage in each country, reaching areas where traditional connectivity options like fiber optics or fixed wireless are not practical due to infrastructure limitations.

Darío Werthein, president of Vrio, expressed excitement about the partnership, highlighting the company’s commitment to bridging the technology gap and digital divide in the region. He emphasized the importance of providing internet access to promote community development and innovation.

Panos Panay, Amazon’s senior vice president for devices and services, underscored the impact of Project Kuiper in enabling access to reliable broadband internet for millions of households worldwide. He emphasized the significance of affordable broadband access in empowering individuals to learn, do business, shop, and enjoy online entertainment.

Rajeev Badyal, vice president of technology and head of Project Kuiper at Amazon, reiterated the network’s mission to deliver fast and affordable broadband to underserved areas. He expressed enthusiasm about working with Vrio to bring connectivity services to customers across South America.

Project Kuiper recently conducted a successful Protoflight mission, testing two prototype satellites. The network is poised to deploy its satellite constellation in the coming months and conduct service demonstrations with Vrio and other partners later this year. This initiative marks a significant step towards expanding internet access and connectivity in the region.

Start of New .9B Facility in Singapore by Wafer Producer, Potential Increase in Hiring

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June 13, 2024

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Start of New .9B Facility in Singapore by Wafer Producer, Potential Increase in Hiring

German semiconductor materials supplier Siltronic has officially launched a state-of-the-art production facility in Singapore, investing a whopping .9 billion in the new plant. The 150,000-square-meter factory located in Tampines is Siltronic’s third facility in Singapore and specializes in manufacturing silicon wafers for semiconductors used in a wide range of applications like mobile devices, electric cars, and data centers.

The plant is set to produce up to 100,000 wafers per month by the end of 2024 and is equipped with Singapore’s first silicon wafer epitaxy capabilities. Epitaxy, a process that enhances the electrical conductivity of wafers, is a significant advancement in the production of semiconductors. Currently, the facility employs 300 individuals, but that number is expected to double to 600 by 2028, with job opportunities ranging from engineering roles to IT specialists.

During the unveiling event on June 12, Siltronic’s Chief Executive Michael Heckmeier emphasized the role of artificial intelligence (AI) and digitalization in driving the growing demand for semiconductors. He praised Singapore’s strategic location for its proximity to consumers, robust workforce, and reliable infrastructure, making it an ideal base for the company’s operations. Dr. Heckmeier also mentioned plans for additional investments in the facility in the coming years.

Siltronic’s presence in Singapore dates back to 1997 when it started manufacturing 200mm wafers followed by a partnership with Samsung in 2006 to produce 300mm wafers at a second facility. The new factory will continue the production of 300mm wafers, aligning with the industry’s advancements and demands. Deputy Prime Minister Heng Swee Keat highlighted the importance of semiconductors in the digital and green revolutions, emphasizing their role in driving technological breakthroughs and sustainable innovations.

DPM Heng stressed the significance of semiconductor technology in building a smarter, safer, greener, and healthier world, stating that advanced chips are crucial for applications like quantum computing, AI development, and green technologies. He underscored the crucial role of partnerships in enhancing semiconductor supply chains and contributing to economic growth and job creation. The global semiconductor sales reached approximately US0 billion in 2023 and are projected to hit the US trillion mark by 2030, with Singapore’s semiconductor industry accounting for around 25% of the total industrial value added.

The establishment of Siltronic’s cutting-edge production facility in Singapore marks a significant milestone in the semiconductor industry, reflecting the country’s pivotal position in driving technological advancements and economic growth through innovation and strategic partnerships.

Large order secured by NKT to aid grid upgrade for Polish utility

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June 13, 2024

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Large order secured by NKT to aid grid upgrade for Polish utility

NKT Signs Major Order with Polish Utility to Enhance Power Grid Infrastructure

NKT, a leading provider of power cable solutions, has secured a significant contract to deliver 1300 km of 20 kV cables to Tauron, a prominent distribution system operator in Poland. The aim of this project is to strengthen and upgrade the power grid infrastructure in the country, supporting the transition to a more robust and sustainable energy system.

Poland has set ambitious targets to increase the share of renewable energy in its energy mix to over 30% by 2030. This includes a substantial growth in solar power capacity, with projections reaching between 5-7 GW by 2030 and 10-16 GW by 2040. NKT’s contribution to this green transition involves providing essential power cable solutions to reinforce Tauron’s power grid network.

Carlos Fernandez, EVP of Applications at NKT, expressed pride in supporting Poland’s efforts to modernize its power grids and transition towards a more efficient energy infrastructure. He highlighted the increasing demand for medium- and high-voltage power cables across Europe, leading NKT to invest significantly in expanding its production capacity to meet the growing needs of customers.

By collaborating with Tauron, NKT is actively participating in the modernization of the energy distribution network in southern Poland. As part of the project, 1300 km of 20 kV power cables will be delivered throughout 2024-2025, contributing to the overall enhancement of the power transmission infrastructure in the region.

With a dedicated team of over 400 employees in Poland, NKT remains committed to supporting the country’s energy goals and infrastructure development initiatives. The partnership with Tauron, the largest electricity distributor in Poland, reflects NKT’s ongoing efforts to support the country’s transition to a greener and more sustainable energy future.

Key Facts:
– Delivery of 1300 km of 20 kV power cables to Tauron Group
– Tauron Group supplies 51.6 TWh of electricity in southern Poland
– Serving 5.8 million customers over an area of 57,000 km2

NKT continues to play a crucial role in connecting a greener world through its high-quality power cable solutions. With a history dating back to 1891, NKT has been at the forefront of power cable technology innovation, supporting the evolution towards renewable energy sources. The company’s commitment to sustainability and green energy aligns with the global shift towards a more environmentally friendly and efficient energy infrastructure.

For more information about NKT and its power cable solutions, visit www.NKT.com.

‘Company Aims for IPO as Earnings Surge 55%’

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June 13, 2024

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‘Company Aims for IPO as Earnings Surge 55%’

Starling, the digital bank based in London, has expressed its strong commitment to going public on the London Stock Exchange. The company, which employs 1000 staff in Manchester at its financial innovation hub, reported a significant increase in profits and revenue.

According to the latest financial report, Starling saw a 54.7% rise in profit before tax, reaching £301.1 million, and a 50.6% increase in revenue, totaling £622.2 million. Total deposits also saw an uptick, rising by 4% to £11 billion.

John Mountain, the Interim CEO of Starling Bank, highlighted the company’s achievement of three consecutive years of profitability and emphasized the success of its subsidiary, Engine by Starling, in becoming a global provider of banking Software as a Service. Mountain expressed confidence in Engine’s potential to grow and possibly surpass the UK bank in size.

While no specific timeline has been set for the IPO, discussions regarding the listing are already underway. The incoming Group CEO, Raman Bhatia, formerly of Ovo Energy, is anticipated to provide more details upon assuming his role at the end of the month. The appointment of Bhatia is seen as a strategic move for Starling’s future growth and expansion.

‘Polynome Group Launches 0M Fund to Back AI Startups in 2025’

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June 13, 2024

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‘Polynome Group Launches 0M Fund to Back AI Startups in 2025’

Polynome Group, a leading technology firm based in the UAE, has announced the launch of a 0 million fund dedicated to supporting AI startup ventures, set to kick off in early 2025.

The fund, as outlined in a statement released by the company, seeks to provide backing to startups specializing in technology, AI software applications, and robotics. This move is in line with their goal of promoting the widespread adoption of AI and digital technologies.

The announcement took place at an AI retreat hosted by the Dubai Center for AI Applications in collaboration with the National Program for Artificial Intelligence. This gathering, known as the largest of its kind, brought together 1,000 decision-makers, experts, and officials from governmental and private sectors to expedite the integration and use of AI applications.

Polynome Group has secured preliminary approval from the Dubai International Financial Centre (DIFC) and Dubai Financial Services Authority (DFSA) to launch the AI fund in 2025, subject to regulatory review and conditional approval of its fund structure and investment strategy.

Emphasizing their distinct approach, Polynome Group highlighted a “Founders for Founders” concept, showcasing their team’s entrepreneurial background with successful exits from AI startups.

“Our goal is to increase the technology contribution to the UAE’s GDP, establish a national tech hub and community, attract top international talent, and position the UAE as a leader in AI research and innovation,” said Alexander Khanin, CEO and founder of Polynome Group.

The fund aims to invest in up to 40 companies over five years, concentrating on seed, Series A, and growth stages with initial investments ranging from 0,000 to million per company. Supported by the UAE government as a smart money fund, Polynome VC pledges strategic funding and extensive expertise in deep tech, boasting a team of over 100 AI/ML specialists, data scientists, and tech mentors from leading global firms.

Their capabilities encompass thorough technical due diligence on potential investments and opportunities for mergers and acquisitions, ensuring comprehensive support for startups in their portfolio.

Breakthrough in LDPE recycling with Bollegraaf and Broeckx

Business

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June 13, 2024

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Breakthrough in LDPE recycling with Bollegraaf and Broeckx

Bollegraaf, a leader in waste management technology, is set to unveil an innovative LDPE sorting plant for Broeckx Plastic Recycling in Esbeek, Netherlands. This new plant aims to revolutionize the recycling process for Low-Density PolyEthylene (LDPE), a commonly used material in plastic bags and shrink wrap.

Traditionally, LDPE was simply lumped together for further processing after use, resulting in low-value applications like garbage bags that are eventually incinerated. However, Bollegraaf and Broeckx have collaborated to develop a new sorting method that addresses the challenges of LDPE’s lack of homogeneity.

The state-of-the-art sorting plant, with a capacity of 13.5 tonnes per hour, will significantly increase the percentage of LDPE that can be reused from 10% to a remarkable 70%-80%. This cutting-edge technology sorts LDPE based on chemical properties, a method never before seen at this scale.

To showcase this groundbreaking innovation, Bollegraaf and Broeckx will unveil the LDPE sorting plant at the upcoming PRSE in RAI Amsterdam on 19 and 20 June. This event will provide a platform for industry professionals to witness the future of LDPE recycling firsthand. For more information, contact a.molenaar@bollegraaf.com.