Lifeboat Foundation

China has cheap labour and huge market so still EV companies will invest in China.

BEIJING, Jan 1 (Reuters) — China will cut subsidies on new energy vehicles (NEVs), such as electric cars, by 30% in 2022 and withdraw them altogether at the end of the year, the Finance Ministry said on its website on Friday.

The ministry had said in April 2020 that NEV subsidies would be cut from 2020 to 2022 by 10%, 20% and 30%, respectively.

Continue reading “China to cut new energy vehicle subsidies” »

Trivergence is starting to affect every industry. In financial services, the wallet has become a smart app that can collect data and learn. On a blockchain, users can exchange, save, borrow, invest and protect this digital money peer-to-peer without the intermediation of banks. In manufacturing, 3D printers are manufacturing aircraft parts in a Boeing facility with a blockchain network facilitating all the patented files, contracting and payments peer-to-peer. Telecommunications companies are no longer negotiating complex, costly and ever-changing roaming agreements, but using blockchain-based smart contracts among providers to automate the web of payments and settlement globally.

Over time, the Trivergence will usher in a next-generation internet where nearly every animate and inanimate object on Earth generates data, a distributed ledger records and secures this data and AI analyzes the data, communicates with the objects, alerts their owners and continuously adjusts and improves the efficiency of the economy and the sustainability of its effects on the environment.

New business models enabled by this Trivergence are beginning to disrupt many industries and provide platforms for innovation in the economy for decades ahead. This second era has weighty implications for every business, government and individual, as well as technology strategy, architecture and leadership. If we can overcome the dark side — and that’s a big “if” — this Trivergence helps us reclaim our digital identities, effectively fight climate change and help solve some of the world’s most intractable problems.

Semiconductor equipment makers from Japan and China were among the biggest winners of Asia’s stock market in 2021.

Take a look at the full story here: https://s.nikkei.com/3pxHamN

SINGAPORE — Semiconductor equipment makers from Japan and China were among the biggest winners of Asia’s stock market in 2021, doubling their valuation from the end of last year amid robust demand for high-tech manufacturing.

Continue reading “Asia’s lesser-known tech manufacturers shine in 2021 stock market” »

Qatar’s status as an investment destination is on the rise, boosted by the efforts of the innovative Qatar Financial Centre.

Less than a week before the Christmas holiday, French IT services company Inetum Group was hit by a ransomware attack that had a limited impact on the business and its customers.

Inetum is active in more than 26 countries, providing digital services to companies in various sectors: aerospace and defense, banking, automotive, energy and utilities, healthcare, insurance, retail, public sector, transportation, telecom and media.

MCST’s Elbrus-8C fails to win the approval of Russia’s biggest bank.

Russia’s Sber finds the domestic Elbrus-8C CPU platform to be unacceptable for modern banking workloads.

Continue reading “Russian-Made Elbrus CPUs Fail Trials, ‘A Completely Unacceptable Platform’” »

He has done his math. The questions seem to be: How to put together viable payloads to make use of Stsrship launches? How to build new markets in space?

This again?! Game Over? Busted? We’re doing Starship again so soon because I’m an unoriginal hack. There’s also been new developments in Starship and I think it’s a perfect time to revisit the launch system. Get as mad as you wish.

Continue reading “Criticizing Starship (Part Three)” »

Japan and U.S have agreed to Tokyo’s contribution for hosting U.S. military forces to 9.2 Billion dollars over the five-year period from fiscal 2022, which starts in April, government sources said.

Roughly 5% increase in so-called host nation support came in response to calls from the administration of U.S president Joe Biden for the Japanese government to foot more of the cost, given the need for U.S. forces to deal with China.

The two sides have agreed to reduce Tokyo’s financial contribution for utility costs, with the increased amount to be allocated to funding expenses such as maintenance of facilities used by both Japan’s self-Defence Forces and the U.S. military as well as their joint exercise.

Now, Future Meat Technologies have announced that they have managed to produce cultivated chicken breast for just $7.70 per pound, (or $1.70 per 110-gram of chicken breast) down from under $18 per pound just six months ago. The move could soon see lab-grown meat making the rounds on supermarkets everywhere.

The firm also announced that it had raised $347 million in a Series B round of financing, meaning it will have plenty of money to continue on its mission to bring lab-grown meat to the masses.

“We are incredibly excited by the massive support of our global network of strategic and financial investors,” said in a statement Professor Yaakov Nahmias, founder and president of Future Meat. “This financing consolidates Future Meat’s position as the leading player in the cultivated meat industry, just three years after our launch. Our singular technology reduced production costs faster than anyone thought possible, paving the way for a massive expansion of operations. Our team will break ground on the first-of-its-kind, large-scale production facility in the United States in 2022.”