SINGAPORE (Reuters) – South Korea’s Hyundai Motor Co started construction on a research and development centre in Singapore on Tuesday that will house a small-scale electric vehicle production facility.
Speaking at the groundbreaking ceremony, Singapore Prime Minister Lee Hsien Loong said the facility may produce up to 30,000 electric vehicles (EVs) annually by 2025 and represents an investment of S$400 million ($295 million).
Singapore is one of the world’s most expensive places to buy a car and does not currently have any auto manufacturing capacity. But the wealthy city-state has set out ambitious plans to phase out petrol vehicles by 2040.
“Automotive activities are becoming viable in Singapore once again. EVs have a different supply chain, fewer mechanical parts and more electronics, which plays to Singapore’s strengths,” PM Lee said.
A Hyundai spokeswoman confirmed the 30,000 unit target but said that the exact capacity was yet to be determined. The
Video: Direct Listings Don’t Do Well, Says Renaissance Capital’s Smith (Bloomberg)
By Krystal Hu
(Reuters) – ION Acquisition Corp 1 made its debut on the New York Stock Exchange on Friday after raising $225 million in an initial public offering (IPO), the only current blank-check acquisition company focusing on the Middle East region.
The IPO, which was larger than ION had originally planned, is the latest in a string of listings by special purpose acquisition companies (SPACs), with almost $50 billion raised so far in the United States.
ION shares closed up 4.7% at $10.47.
A SPAC uses capital raised through an initial public offering to buy a private company, usually within two years.
With a specific geography and industry focus, ION Chief Executive Gilad Shany said he wants to target Israeli tech companies at over
Twenty-three named storms have whirled their way across the Atlantic basin so far this season, exhausting the naming list used by meteorologists and forcing then to dip into the Greek alphabet for only the second time in history. While the majority of systems have been relatively weak and unremarkable, some, like Category 4 Laura and Category 2 Sally, have caused significant damage.
Now, October promises to bring another round of weather that must be watched, as a combination of large-scale atmospheric circulations overlap to enhance tropical weather activity. The focus is already on the Caribbean and Gulf of Mexico, which tend to prove to be autumn hot spots for storms. In fact, one or two weather systems there could already be in the works.
System to watch for the Yucatán Peninsula; heavy rainfall possible in Florida
On Wednesday, a strip of low pressure oriented from south to north was sauntering
Shares of the big data company Palantir began trading on Wednesday via a direct listing.
The New York Stock Exchange established a reference price of $7.25 per share, valuing the company at about $16 billion ahead of its official debut.
Palantir has yet to become profitable, raising questions from investors.
Palantir also has faced criticism from activists for its work with Immigration and Customs Enforcement, which the company has acknowledged poses a risk to its business — partially because yielding to the criticism might endanger its business with government clients.
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Palantir, the secretive and often-controversial big data company founded by Peter Thiel, made its public markets debut on Wednesday with a splash, as investors bid up shares and gave the company a roughly $19 billion market capitalization.
Shares of Palantir began trading on the New York Stock Exchange on Wednesday through a direct
NEW YORK, Sept. 25, 2020 (GLOBE NEWSWIRE) — Logiq, Inc. (formerly Weyland Tech) (OTCQX: WEYL) (OTCQX:LGIQ), a global provider of award-winning eCommerce solutions, has received notification from the Financial Industry Regulatory Authority (FINRA) that its new name, Logiq, Inc., would take effect on the over-the-counter market on September 25, 2020. At the open of trading today, on September 25, 2020, the company commenced trading of its common stock under the new name, Logiq, Inc., and its ticker symbol changed from “WEYL” to “LGIQ.”
“Our new name and ticker reflects our evolution from operating primarily as a mCommerce services company to becoming a leading innovator of data-driven consumer intelligence and marketing technology,” said Logiq CEO, Tom Furukawa. “We’ve now entered a new stage of accelerated growth and development.”
Over the last year, Logiq acquired a leading e-Commerce platform, formed major industrypartnerships and expanded its global presence. Its offerings now extend from
The race is on to save a pod of pilot whales beached on a remote sandbar off Australia’s island of Tasmania.
Scientists estimate between 90 to over 200 of the animals are stranded in the shallow water.
Rescue operations began on Tuesday (September 22) morning.
Wildlife biologist Dr Kris Carlyon says the operation could take days: “We’ve got animals spread over a large area in a really challenging location, so we’re gonna basically take the animals with the best chance to start with. And the ones that we’re able to deal with so, some animals may be simply too big or in an unsuitable location.”
The rescue will be labour intensive physically pushing the animals or using specialized cloth and pontoons to drag them to deeper water.
Pilot whales are a species of oceanic dolphin that grow to 7 meters long and weigh up to 3 tonnes.
Defiance County OSU Extension is announcing the 2020 virtual Farm Science Review. Farm Science Review is being held online this year because of COVID-19 concerns. Although the Molly Caren Agricultural Center is closed to the public, you’ll be able to learn the latest agricultural technology and helpful farming techniques from more than 400 exhibitors — all for free on your laptop, tablet, or smartphone.
More than 200 free livestreamed and recorded talks and demos will be available online. You will have to provide your own steakburgers, milkshakes, or other FSR fare, though.
To access the content for this year’s show, today through Thursday, start at www.fsr.osu.edu. Some videos and other content will be available before the show begins.
Enter the My Show Planner and create an account by entering your name and email address on a short registration form. This registration will give you access to all online content. The
The Army is making serious headway in fielding the most modern version of its Stryker infantry carrier vehicle to soldiers with the 2nd Brigade, 4th Infantry Division, National Defense magazine reports.
Fielding of the third-generation Double “V” Hull Stryker, designated as DVHA1, officially commenced in June when 2/4 soldiers received their first 34 vehicles at Fort Carson in Colorado.
As of early September, Army officials estimated that “approximately half” of the 2/4’s planned 331 Stryker DVHA1s had been delivered to Fort Carson, according to National Defense magazine.
The Army decided to convert the 2/4 into a Stryker Brigade Combat Team in 2018 “to bring increased mobility and lethality to the 4th Infantry Division,” according to the service.
“The DVHA1 offers substantial improvements in mobility, power and network interoperability,” Col. William Venable told National Defense. “It has got a larger horsepower engine and improvements in suspension and larger tires, giving it