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Category: Tech News
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How ‘Far Out’ is Apple’s next big thing?
Image: Getty Images/Oscar Wong This week, Apple will be mostly concentrating on its ‘Far Out’ event, which is likely to see the new debut of the iPhone 14 family — iPhone 14, iPhone 14 Plus, iPhone 14 Pro and iPhone 14 Pro Max — as well as new AirPods and a new Apple Watch. That’s plenty… Continue reading How ‘Far Out’ is Apple’s next big thing?
Solar Company Under Investigation for Installing Systems That Don’t Work
Solar needs to get its act together. Shell Game In a game with moving targets, a solar panel company under investigation for violating consumer protection law has filed a federal lawsuit against another company that provides some of its tech, blaming customer complaints and service failures on the other guy instead. In March this year,… Continue reading Solar Company Under Investigation for Installing Systems That Don’t Work
Panera Bread Is Replacing Humans With AI At Drive-Thru Windows
Humans never had a chance. Cowboys From Bread Equally loved and loathed by consumers nationwide, the Panera Bread fast casual chain has announced that it plans to test out artificial intelligence (AI) at its drive-thru windows for some reason. Per a press release, Panera said that starting this week, it’ll be testing an AI system made… Continue reading Panera Bread Is Replacing Humans With AI At Drive-Thru Windows
Man Headed to Prison for Dumping Toxic Pollution Into Ocean
“The intentional pollution of US waters and the deliberate cover-up are serious criminal offenses.” Oopsie Daisy The chief engineer of an unnamed shipping vessel was sentenced to a year in prison for purposefully dumping oily water into the ocean off the coast of Louisiana last year. Kirill Kompaniets, a Russian national, pleaded guilty to both… Continue reading Man Headed to Prison for Dumping Toxic Pollution Into Ocean
India Digest: Klub marks final close of $25m maiden fund; MSA Novo invests in 6 Indian startupsMSA Novo has invested in startups such as MPL, Slice an…
Revenue-based financing platform Klub has announced the final close of its $25-million (Rs 200 crore) maiden fund, Acelere8. Separately, MSA Novo has announced a portfolio of six Indian startups it has invested in. Klub announces final close of maiden fund Sequoia’s Surge-backed Klub has announced the final close of its $25-million (Rs 200 crore) maiden… Continue reading India Digest: Klub marks final close of $25m maiden fund; MSA Novo invests in 6 Indian startupsMSA Novo has invested in startups such as MPL, Slice an…
Tesla prepares launch in Thailand with hiring spree
Tesla is preparing to launch its electric vehicles in Thailand for the first time with a significant hiring spree. It has been a little while since Tesla has expanded into a brand-new market. The company was trying hard to enter the Indian market for years, but the effort was put on hold earlier this year after negotiations… Continue reading Tesla prepares launch in Thailand with hiring spree
Fountainvest, TPG, Warburg among final-round bidders for Carlyle’s Ambio stakeA deal could be reached by end-September at the earliest
Private equity firms Fountainvest Capital Partners, TPG and Warburg Pincus are among final-round bidders for Carlyle Group’s stake in AmbioPharm Inc, people with knowledge of the transaction told Reuters. Carlyle, which is targeting a valuation of $1 billion for Ambio in a sale, is expecting binding bids in the coming days, said three of the people. A deal could be reached by end-September at the earliest, said one… Continue reading Fountainvest, TPG, Warburg among final-round bidders for Carlyle’s Ambio stakeA deal could be reached by end-September at the earliest
Hong Kong’s ESR closes $509m sustainability-linked loan
Hong Kong-based ESR Group Limited has announced the completion of its HK$4-billion ($509.6 million) sustainability-linked loan, with a possibility to upsize it to HK$7 billion ($891.8 million), according to an announcement on Monday. The five-year unsecured facility, with a Hong Kong Interbank Offered Rate (HIBOR) at 1.8% plus, has a tiered incentive mechanism where ESR… Continue reading Hong Kong’s ESR closes $509m sustainability-linked loan
HK court adjourns China Evergrande Group’s winding-up lawsuit to Nov 7
Hong Kong‘s High Court approved on Monday an application by China Evergrande Group and its major offshore credit group to adjourn a winding–up petition against it to Nov. 7. An investor in Evergrande‘s unit online real estate and automobile marketplace, Fangchebao (FCB), filed the petition in Hong Kong in June because the developer had not honoured an agreement worth $110 million to repurchase shares the investor bought… Continue reading HK court adjourns China Evergrande Group’s winding-up lawsuit to Nov 7