Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Britain faces a surge in unemployment before Christmas, economists fear, as business struggle under lockdown restrictions and the government prepares new rules for areas where Covid-19 is the biggest threat.
The CEBR thinktank is warning this morning that at least 1.25 million more people are at risk of losing their jobs by Christmas, as it hikes its Christmas unemployment forecast.
With Covid-19 still battering the economy, more companies will be forced to lay staff off – particularly those who were furloughed since the lockdown.
As CEBR warns…
The job market outlook is negative for the coming months…
…the coming winter looks set to be a tough one.
That would push the jobless total towards three million – up from 1.4m this summer. It
Morgan State University Obtains $1.2 Million in Federal Science, Technology Grants
NSF and NIH Funding Boosts Morgan’s School of Computer, Mathematical and Natural Sciences
BALTIMORE — Morgan State University’s (MSU’s) School of Computer, Mathematical and Natural Sciences (SCMNS) has announced the receipt of four federal grants totaling more than $1.2 million, awarded in the spring and summer of 2020. The funds are supporting important research in science, technology, engineering and mathematics (STEM) fields ranging from pharmatechnology to advanced computing to meteorology to computer science instruction. Collectively, the grants indicate steady progress toward Morgan’s goal of attaining an R1 (“very high research”) designation from the Carnegie Classification of Institutions of Higher Education. MSU was elevated to an R2 (“high research”) Carnegie classification in December 2018.
“Receiving four grants by four different faculty members testifies to the quality of the faculty and their devotion to the
WASHINGTON, Oct. 13, 2020 /PRNewswire/ — The U.S. Navy has awarded Alion Science and Technology a $73 million task order with a 60-month period of performance to provide Joint Training Synthetic Environment (JTSE) Research and Development (R&D) for Joint Staff J7, Deputy Director Joint Training (JS J7 DDJT) Environment Architecture Division (EAD). Alion was awarded this contract under the Department of Defense Information Analysis Center’s (DoD IAC) multiple-award contract (MAC) vehicle. These DoD IAC MAC task orders (TOs) are awarded by the U.S. Air Force’s 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community.
“We are dedicated to our continued customer partnership to develop joint virtual environments to prepare for Joint All Domain Command and Control (JADC2),” said Katie Selbe, Senior Vice President and General Manager of Alion’s Cyber Network Solutions Group. “Alion has
FALLS CHURCH, Va., Oct. 13, 2020 /PRNewswire/ — General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today it has been awarded a contract by the General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM) to continue providing digital enterprise services for Special Operations Forces (SOF).
GDIT will design and implement technology capabilities to enable rapid data analysis and dissemination of critical operational intelligence in response to emerging threats. The SOF Information Technology Enterprise Contract J (SITEC J) is a single award with a total estimated value of $364 million. It includes a one-year base period with four one-year options.
Under the SITEC J contract, GDIT will support local and remote
59 researchers named as ‘Citation Laureates’ have won Nobel honors since 2002
LONDON, Oct. 13, 2020 /PRNewswire/ — Clarivate Plc (NYSE:CCC), a global leader in providing trusted information and insights to accelerate the pace of innovation, today celebrates the five extremely highly cited ‘Citation Laureates™’ who have been named as 2020 Nobel prize winners – demonstrating once again, the association between citations in the literature, influence through a research community, and peer judgement.
The quantitative and qualitative analysis from Clarivate is regularly cited, as a predictive weathervane as to who may receive Nobel honors each year. Since 2002, 59 named individuals have gone on to receive Nobel prizes.
The five Citation Laureates named as Nobel Laureates in 2020 are:
The 2020 Nobel prize for Physics awarded to Roger Penrose, University of Oxford, UK for the discovery that black hole formation is a robust prediction of the general
Richmond Times-Dispatch Business reporter John Reid Blackwell has been writing about the region’s growing entrepreneurial and startup business community for several years.
Some of Blackwell’s articles are about startup businesses. Others touch on the challenges that the startup founders face or how they react when they pivot their business or need to seek funding from investors. He also writes about business incubators and other organizations that help guide future entrepreneurs.
Many of his articles are the foundation for the RTD’s weekly Richmond Startup Spotlight e-newsletter on Sundays that feature stories about these new ventures and other issues in the startup ecosystem.
His efforts were recognized by RVATech, the Richmond Technology Council, at its annual awards program Wednesday evening. The event was held virtually.
Blackwell received the group’s Technology Influencer award for advancing the technology ecosystem in the Richmond area.
The organization presented awards to companies and individuals in 15 other
Two regional entities will receive a combined $1.06 million to expand services in two rural Southwest Virginia counties.
Ballad Health will receive $313,361 to support a school-based telemedicine virtual health clinic program in Lee and Smyth counties. The Lee County school district is getting $752,857 to implement science technology engineering and math courses and technology, according to a written statement issued by Virginia U.S. Sens. Mark Warner and Tim Kaine.
This funding was awarded through the distance learning and telemedicine grant program of the U.S. Department of Agriculture Rural Development.
The Ballad grant will improve access to acute sick care for schoolchildren and faculty and removes transportation as an obstacle to care. This rural investment will benefit approximately 46,765 residents across both Virginia and Tennessee, according to the statement.
The Lee grant will give students in alternative education programs the opportunity to attend their classes in real time, enable teachers
HOUSTON, Oct. 8, 2020 /PRNewswire/ — Lummus Technology today announced that its Novolen business has been awarded a contract by Lukoil Burgas for a petrochemical facility in Bulgaria. Lummus’ scope includes the technology license for a 280 kta polypropylene unit as well as basic design engineering, training and services, and catalyst supply.
“It’s an honor to have Lukoil as a repeat customer for our innovative technologies. This award is the second significant polypropylene contract we’ve signed with Lukoil recently,” said Leon de Bruyn, Lummus Technology’s President and Chief Executive Officer. “Major operators such as Lukoil understand the advantages of our Novolen technology, because it offers the industry’s lowest overall capital and operational costs, while providing customers with the best range in products, process reliability and flexibility in responding to market needs.”
The award increases the total amount of licensed volume for Novolen technology worldwide to more than
They discovered one of gene technology’s sharpest tools: the CRISPR/Cas9 genetic scissors. Using these, researchers can change the DNA of animals, plants and micro-organisms with extremely high precision.
Before announcing the winners on Wednesday, Göran K. Hansson, secretary-general for the Royal Swedish Academy of Sciences, said that this year’s prize was about “rewriting the code of life.”
The CRISPR/Cas9 gene editing tools have revolutionized the molecular life sciences, brought new opportunities for plant breeding, are contributing to innovative cancer therapies and may make the dream of curing inherited diseases come true, according to a press release from the Nobel committee.
Black holes are cosmic phenomena that never fail to capture the world’s attention and curiosity. Millions of these galactic beasts are peppered throughout the universe, and their gravitational force is so strong that not even light can escape. This morning, the Royal Swedish Academy of Sciences awarded the Nobel Prize in Physics to three scientists for their research that illuminated details of black holes’ existence and function in the universe.
Roger Penrose, a cosmologist and professor emeritus at the University of Oxford in England, received half of the award for demonstrating that black holes exist—an idea that even Albert Einstein himself was skeptical of. The other half of the award was jointly awarded to Reinhard Genzel, the director of the Max Planck Institute for Extraterrestrial Physics in Germany, and Andrea Ghez, an astronomer professor at the University of California in Los Angeles, for discovering a supermassive black hole at the