You could be forgiven for thinking that gas-guzzling, high-living Formula One would have to be dragged kicking and screaming towards net zero emissions targets. But for the high-performance engineers who are the backbone of the sport, the climate challenge is an irresistible problem to solve. “It is a daunting task because we are exploring frontiers… Continue reading Hope of sustainable fuel leads F1’s efforts to tackle climate change
Category: Automotive
Matt Prior: Lightweight sports cars remain on top
The two most exciting new cars of the year are now but weeks away. No, not the Global Motors T-Type, the new company/ family car to be sold in 180 countries in five bodystyles with 17 powertrains and becoming the most important new model of 2022. Nor the Fandalgini Spectaculum, the limited-edition, £1.5 million, 1000bhp hypercar… Continue reading Matt Prior: Lightweight sports cars remain on top
Cost of ultra-rapid EV charging increases by almost 50%
The cost of using a public ultra-rapid EV charger has increased by almost 50% in just eight months, new figures show, while the price of rapid charging has risen by a fifth. From September to May, the average cost to ultra-rapidly charge a 64kWh battery, like that of the Hyundai Kona Electric and Kia e-Niro, from 0-80% (the fast… Continue reading Cost of ultra-rapid EV charging increases by almost 50%
2025 Mercedes A-Class EV to be luxurious EQ entry point
Development of a bespoke EV architecture for small cars will facilitate a direct electric replacement for the Mercedes-Benz A-Class hatchback, in line with the firm’s plan to usher in an EV in every segment by 2025. Currently, the smallest model in the EQ family is the Mercedes-Benz EQA crossover, an electric version of the combustion-powered Mercedes-Benz GLA… Continue reading 2025 Mercedes A-Class EV to be luxurious EQ entry point
How Melbourne is driving the growth of AI startups
The Victorian government is doubling down on its investments into the AI sector, which presents plenty of opportunities for startups looking to tap into the Australian market. Go to Source
How Grab, Gojek, Foodpanda are handling soaring inflation in SEA
The tech app balancing act to keep drivers, consumers, investors, and governments happy. Go to Source
USD 87.27 bn growth expected in Fast Food Market | APAC to occupy 45% market growth | Technavio
NEW YORK, May 26, 2022 /PRNewswire/ — The “Fast Food Market by Product and Geography – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. According to the report, the market will observe an incremental growth of USD 87.27 billion between 2020 and 2025. The market observed a 1.84% YOY growth in 2021… Continue reading USD 87.27 bn growth expected in Fast Food Market | APAC to occupy 45% market growth | Technavio
Asia-focused SPAC Aquaron Acquisition files for $50m US IPO …
Aquaron Acquisition, a special purpose acquisition company (SPAC) that targets the new energy sector in Asia, has filed with the US Securities and Exchange Commission (SEC) to raise up to $50 million in an initial public offering (IPO). The blank cheque company, led by CEO and chairman Jie Weng, the director of private equity and… Continue reading Asia-focused SPAC Aquaron Acquisition files for $50m US IPO …
Singapore’s OCBC hit by $240m extra capital requirement for phishing scam
Singapore‘s central bank said it has asked Oversea-Chinese Banking Corp Ltd (OCBC) to keep an additional S$330 million ($240 million) in capital for operational risk after hundreds of its customers were hit by an SMS phishing scam in December. “OCBC is required to apply a multiplier of 1.3 times to its risk-weighted assets for operational risk. This translates to an additional amount of approximately S$330 million in regulatory capital,” the Monetary Authority… Continue reading Singapore’s OCBC hit by $240m extra capital requirement for phishing scam
S Korea’s VIG Partners sees opportunities in “uncrowded” mid-market buyouts space
South Korea’s VIG Partners believes the mid-market buyouts segment, in which it operates, is still not crowded, compared with the large-cap buyouts space, leaving a lot of opportunities open for the firm. Chulmin Lee, managing partner at VIG Partners, told DealStreetAsia in an interview that mid-market deal flow comes from family businesses that do not… Continue reading S Korea’s VIG Partners sees opportunities in “uncrowded” mid-market buyouts space