Thursday, May, 23, 2019 12:52:53

Barclays invests £10 million in UK’s loyalty scheme start-up Bink

Barclays, the British multinational investment bank, has reportedly invested as much as £10 million in the UK-based loyalty scheme technology start-up, Bink. Sources close to the development state that the new collaboration is expected to help Barclays’ customers in checking their loyalty points with the …

AGL flags new power facilities as profits ride high electricity prices

The Australia-based energy giant AGL Energy has reportedly flagged that it would invest about USD 1 billion to construct new power generation facilities. However, the company has expressed concern regarding the government’s energy policy which it believes might create uncertainty and new risks for the …

Collision repair industry contenders join hands in landmark deal

Popular collision repair firm Caliber Collision Centers has apparently announced that it has closed a merger deal with Abra Auto Body Repair of America. Reliable reports cite that the merger serves to bring together the trusted brands, talented teams, and industry-leading operations of both the …

Lockheed Martin to form a long-term defense partnership with India

American aerospace and defense security company Lockheed Martin has reportedly proposed a so-called game-changing partnership with India due to its interest in the country’s immense military modernization. Vivek Lall, VP of Aeronautics Strategy and Business Development at Lockheed Martin, was quoted saying that the defense …

Medical diagnostic services supported by AI to be deployed in Japan

 The integration of information technology in healthcare has been relatively slower in the nation.  AI-supported medical devices are projected to reduce human error & lessen the burden on medical professionals during diagnosis. Medical diagnostic services that are supported by Artificial Intelligence are reportedly set to …

Siemens Gamesa bags 270 wind turbine supply order from ReNew Power

 The 270 wind turbines would be helping ReNew Power set up a capacity of 567 MW for its two wind-power facilities.  Siemens Gamesa would also be facilitating infrastructure to help install & operate both wind-energy farms. Siemens Gamesa Renewable Energy (Siemens Gamesa), a Spanish renewable …

No-deal Brexit fears push Barclays to transfer €190bn to Dublin

Investment banking and financial services company Barclays has reportedly decided to transfer assets worth €190 billion from the UK to Ireland as the bank prepares itself for a potential no-deal Brexit. The high court recently approved the lender’s Brexit contingency plans, that includes the transferring …

Japan’s Fujitsu and ENERES run blockchain-powered electricity test

Fujitsu’s blockchain-based DR process achieves 40% efficiency boost Fujitsu, the leading Japanese IT firm, recently announced that it has successfully completed a trial of blockchain-powered solution to address the inefficiencies and issues of electricity surplus management. Reportedly, the company has partnered with a local electric …