EDB and IMDA supporting digital economy and sustainability goals Singapore’s Economic Development Board (EDB) and Infocomm Media Development Authority (IMDA) have announced the awarding of approximately 80 MW of new capacity to four data centre operators through the pilot Data Centre – Call for Application (DC-CFA) exercise. This move is…
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This ruling calls for congressional clarity In a significant legal victory, Ripple Labs, the company behind the XRP cryptocurrency, has emerged triumphant in its case against the US Securities and Exchange Commission (SEC). The ruling, which states that the open market sales of XRP do not qualify as a security,…
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GenAI poised to enhance efficiency, patient outcomes, and personalized care GlobalData, a leading data and analytics company, asserts that the adoption of generative artificial intelligence (genAI) in the pharmaceutical and healthcare sectors holds immense potential to address challenges related to high costs and poor patient experiences, while simultaneously enhancing efficiency…
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M&A, private equity, and venture financing deals all experience year-on-year decline The first half of 2023 saw a significant decline in global deal activity, with a total of 28,151 deals (including mergers & acquisitions (M&A), private equity, and venture financing deals) announced, marking a 23.7 per cent decrease compared to…
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Focusing on renewable energy and smart grid solutions BrightSource Energy, Inc. (BSE), a global leader in concentrated solar thermal power (CSP) technology, has announced the spin-off of its Israeli, UK, and South African subsidiaries, paving the way for the formation of New BrightSource Energy LTD (New BrightSource). Under the leadership…
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Unveiling new investment initiatives for sustainable growth The tenth Mongolia Economic Forum (MEF) is in full swing, attracting 2,200 global guests including business leaders, representatives from multilateral organizations, and members of the third sector. Held from July 9-10, the event aims to explore collaborative opportunities with the Mongolian Government to…
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Weak demand, inventory challenges, and cautious spending impact PC industry Preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker reveal that global PC shipments declined by 13.4 per cent year over year during the second quarter of 2023 (2Q23). This marks the sixth consecutive quarter…
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Supply constraints and geopolitical challenges pose risks to green energy objectives The demand for green energy technologies is soaring worldwide as over 70 countries set net-zero targets and commit to reducing emissions. However, the ambitious goals to scale up green energy sources like solar, wind, and nuclear energy are putting…
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Upgrades to intelligent restoration capabilities and enhances user experience Wondershare Repairit has launched the highly anticipated V5.0, a significant upgrade that elevates its intelligent restoration capabilities and improves overall performance. With a newly designed user interface, V5.0 offers an optimized user experience, focusing on video repair and innovative restoration solutions…
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CEO outlines growth engines and financial objectives to drive transformation LG Electronics (LG) has announced its vision to transition from a top global home appliance brand to a “smart life solutions company” that connects and enhances customers’ diverse experiences while aiming to achieve global annual revenues of KRW 100 trillion…
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