The best candidate for a binary crater on Earth today is the Lockne crater in Sweden and a smaller crater nearby called Målingen. “We dated these structures very exactly and saw that they formed at exactly the same age,” about 450 million years ago, says Jens Ormö from the Astrobiology Center in Spain, who led… Continue reading Behold the Weird Physics of Double-Impact Asteroids
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Rivian opens its first three ‘Adventure Network’ fast charging sites
When Rivian drivers do eventually get on the road, they’ll have their pick of charging networks including a brand new one from the EV truckmaker itself. Rivian announced on Monday that the first three sites of its burgeoning “Adventure Network” of Level 3 fast DC chargers are coming online and will be accessible to nearly… Continue reading Rivian opens its first three ‘Adventure Network’ fast charging sites
Hummer EV’s obstacle-avoiding Extract Mode adds six inches of ride height
GMC Hummer EV owners will soon be able to raise their 9,000-pound vehicle nearly six additional inches in the air, all due to a simple software update. Over the new few weeks, GMC will be adding a new “Extract Mode” — which lets drivers elevate their vehicle to avert off-road obstacles — to all First… Continue reading Hummer EV’s obstacle-avoiding Extract Mode adds six inches of ride height
The Supreme Court won’t hear the Apple-Qualcomm patent case
Apple and Qualcomm may have ended most of their feuding in 2019, but the fight might not be over just yet. The Verge reports that the Supreme Court has denied Apple’s request for a hearing to potentially invalidate two Qualcomm patents that played key roles in 2017 attempts to ban Apple Watch, iPad and iPhone… Continue reading The Supreme Court won’t hear the Apple-Qualcomm patent case
Google Hangouts is shutting down this fall
Hangouts holdouts will have to finally say goodbye to Google’s most resilient chat app later this year. On Monday, the company announced it would start migrating consumer Hangouts users to Chat before the former is no longer available after November 2022. If you still use Hangouts on mobile, you’ll see a prompt starting today to… Continue reading Google Hangouts is shutting down this fall
SG’s Panthera Growth Partners secures first close of $250m Fund 2Panthera expects to fully close the fund by end-2022.
Singapore-based Panthera Growth Partners has secured over 50% in capital commitments to hit the first close for its $250-million second fund. The venture investor has secured capital from institutional investors, including fund-of-funds and global asset managers from India, Europe and the US. According to Panthera’s founder and managing partner, Shilpa Kulkarni, its smallest limited partner… Continue reading SG’s Panthera Growth Partners secures first close of $250m Fund 2Panthera expects to fully close the fund by end-2022.
US pension fund NYSCRF commits $405m to B Capital, and Israel’s S Capital
The New York State Common Retirement Fund (NYSCRF) has committed a total of $405 million to funds managed by the Singapore- and US-based venture capital firm B Capital Group and Israeli venture investor S Capital. In its May transaction report, NYSCRF disclosed that it committed $350 million to B Capital Group Global Growth III and… Continue reading US pension fund NYSCRF commits $405m to B Capital, and Israel’s S Capital
Singtel says no plans to list Australian wireless carrier unit Optus
Singapore Telecommunications said it does not plan to list its Australian unit Optus, refuting reports that it was working on an initial public offering valuing the wireless carrier at between A$8 billion ($5.54 billion) and A$12 billion. Singtel on Monday called the news articles published by Australian media “highly speculative”, saying it regularly reviews its strategy… Continue reading Singtel says no plans to list Australian wireless carrier unit Optus
Vietnam’s Loship said to seek debt financing amid harsh equity funding climate
Vietnam-based one-hour-delivery e-commerce startup Loship is understood to be seeking debt financing instead of going ahead with its Series C equity funding round, as the current fundraising climate is not as rosy as it was, DealStreetAsia has learnt. In October 2021, DealStreetAsia had reported that Loship was in early talks with Japan’s Daiwa Securities Group… Continue reading Vietnam’s Loship said to seek debt financing amid harsh equity funding climate
Bukalapak expects revenue to rise 61% this year, but losses could widen
Indonesian e-commerce major Bukalapak is eyeing revenues of 2.7-3 trillion rupiah (roughly $180-200 million) this year, an increase of up to 61% from 1.87 trillion rupiah recorded last year, according to the company’s presentation to the Indonesia Stock Exchange (IDX). The targeted revenue is in line with analysts’ forecast of a 58% growth in revenues… Continue reading Bukalapak expects revenue to rise 61% this year, but losses could widen