Category: News Site

Google has compressed the power of its Street View cars into a cute, 15-pound camera

on May 24, 2022 | Topic: Cloud Google Google Fifteen years after Street View started as a wild idea at Google to create a 360-degree map of the world, the feature is more important than ever to the Google Maps product. The images collected by Street View cameras are a key part of Google’s mapping… Continue reading Google has compressed the power of its Street View cars into a cute, 15-pound camera

Tesla battery research group unveils paper on new high-energy-density battery that could last 100 years

Tesla’s advanced battery research group in Canada in partnership with Dalhousie University has released a new paper on a new nickel-based battery that could last 100 years while still favorably comparing to LFP cells on charging and energy density. Back in 2016, Tesla established its “Tesla Advanced Battery Research” in Canada through a partnership with… Continue reading Tesla battery research group unveils paper on new high-energy-density battery that could last 100 years

Advent International raises $25b for 10th global PE fund

Private equity major Advent International announced that it has raised a total of $25 billion for its flagship fund, Advent International GPE X, after less than six month in the market. The fund, which reached its hard cap, is Advent’s largest ever fundraise and brings the firm’s total assets under management to over $100 billion.… Continue reading Advent International raises $25b for 10th global PE fund

Cathay Capital sets up $533m global health fund Cathay Health

Global investment firm Cathay Capital has set up Cathay Health, a 500-million-euro ($533.4 million) global fund dedicated to investing in the convergence of healthcare, life sciences, and technology. The new fund will focus on venture- to growth-stage companies across Europe, North America, and Asia whose “innovative tech-enabled products will catalyse groundbreaking advances in medicine,” Cathay… Continue reading Cathay Capital sets up $533m global health fund Cathay Health

Värde Partners to sell 31.7% stake in Greek mall owner for $116.3m

Global alternative investment firm Värde Partners, an active investor in the Asia-Pacific region, will sell a 31.7% stake in Lamda Malls to its majority shareholder Lamda Development for €109 million ($116.3 million), according to a statement on Tuesday. Lamda Malls owns two major shopping centres in Greece — the Golden Hall in Athens as well as… Continue reading Värde Partners to sell 31.7% stake in Greek mall owner for $116.3m

Toyota cuts global production

Toyota Motor Corporation said it has cut its production plan by “tens of thousands of units” globally from the number provided to its suppliers at the beginning of 2021. In a statement on its website, the company said: We at Toyota would like to again apologise for the repeated adjustments to our production plans due… Continue reading Toyota cuts global production

MPs call for UK government to do more on soaring fuel costs

In late March, chancellor Rishi Sunak announced a 5p-per-litre cut in fuel duty, to last 12 months, in an effort to reduce prices at the pumps. But the measure has been widely condemned as a failure, having not compensated for sustained price increases as a result of the war in Ukraine and other external factors. In… Continue reading MPs call for UK government to do more on soaring fuel costs