German Financing – WBTS Forum http://wbts-forum.org/ Sat, 11 Sep 2021 15:31:11 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://wbts-forum.org/wp-content/uploads/2021/04/default1.png German Financing – WBTS Forum http://wbts-forum.org/ 32 32 Agile robots: Germany’s first robotic unicorn receives 186 million euros https://wbts-forum.org/agile-robots-germanys-first-robotic-unicorn-receives-186-million-euros/ https://wbts-forum.org/agile-robots-germanys-first-robotic-unicorn-receives-186-million-euros/#respond Sat, 11 Sep 2021 00:47:27 +0000 https://wbts-forum.org/agile-robots-germanys-first-robotic-unicorn-receives-186-million-euros/ German robot start-up Agile Robots will receive $ 220 million, or around € 186 million, in a Series C funding round. Under the leadership of Softbank Vision Fund 2, investors have estimated the The company is valued at over US $ 1 billion, which gives the Munich-based robot company unicorn status. The other financial investors […]]]>

German robot start-up Agile Robots will receive $ 220 million, or around € 186 million, in a Series C funding round. Under the leadership of Softbank Vision Fund 2, investors have estimated the The company is valued at over US $ 1 billion, which gives the Munich-based robot company unicorn status.

The other financial investors are Chimera Investment of the Abu Dhabi Royal group, GL Ventures, Sequoia China and Linear Capital. In addition, Xiaomi Group, Foxconn Industrial Internet and Midas participate in Agile Robots. The new money should mainly be spent on product development, mass production and global expansion of sales activities, Agile Robots announced on Friday. Softbank is contributing the lion’s share for an undisclosed amount.

The remarkably high number of Chinese investors is no coincidence: in addition to its headquarters in Munich, Agile Robots has another branch in Beijing. In China, robots for industry and medicine, which differ from others in that they have dexterity similar to humans thanks to special five-finger robot hands and are therefore believed to be more versatile, are manufactured .

At present, however, the company still strongly focuses on the research, development and technical implementation of industrially usable robots. It was founded in 2018 by Zhaopeng Chen and Peter Meusel as a spin-off of the German Aerospace Center. In addition to hardware, Agile Robots also offers the right software and connects it to artificial intelligence. Some of the developments are already in use, for example at Taiwanese subcontractor Foxconn, which uses robotic arms in the production of smartphones. As a German company in China, BMW uses prototypes from Agile Robots.

The company now has sales in the millions worldwide. For 2021, these should be between 25 million euros and 30 million euros, according to the company. Investors expect things to accelerate in the future. But it also depends on the ability of the company’s robots to meet high customer expectations and how the sales department evolves. Agile Robots wants to move the latter forward with the new capital.

Investors seem certain of success. You had already invested a total of 110 million euros in two rounds in 2020.


(olb)


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German premiere: the first “Wind + Storage” innovation project soon to be implemented https://wbts-forum.org/german-premiere-the-first-wind-storage-innovation-project-soon-to-be-implemented/ https://wbts-forum.org/german-premiere-the-first-wind-storage-innovation-project-soon-to-be-implemented/#respond Wed, 08 Sep 2021 15:45:43 +0000 https://wbts-forum.org/german-premiere-the-first-wind-storage-innovation-project-soon-to-be-implemented/ A landmark project for the German energy transition will be built about 100 kilometers north-east of Berlin in the municipality of Randowtal (Uckermark). Juwi, the Wörrstadt-based specialist for project development and operations management, is set to build two multi-megawatt class wind turbines and a battery storage facility at the Schmölln II wind farm in the […]]]>

A landmark project for the German energy transition will be built about 100 kilometers north-east of Berlin in the municipality of Randowtal (Uckermark). Juwi, the Wörrstadt-based specialist for project development and operations management, is set to build two multi-megawatt class wind turbines and a battery storage facility at the Schmölln II wind farm in the coming weeks. In September 2020, the company won a call for tenders for this innovative project as part of the first national innovation call for tenders from the Federal Network Agency. So far, this is the only such ‘Wind + Storage’ project in Germany. Electricity is repaid with a fixed market bonus as well as with a Power Purchase Agreement (PPA) that juwi jointly developed with MVV Trading GmbH. Project and PPA has now been acquired by CEE Group, based in Hamburg.

“We are delighted that we were able to get the project thanks to our expertise in tendering,” says juwi board member Dr Stephan Küßner. “The award for the wind energy storage combination is a testament to our innovative approaches to integrating renewable energies into the grid. ”

The CEE Group, asset manager for renewable energies and buyer of the project, also considers this merger as an important next step for the energy transition. Detlef Schreiber, CEO of the CEE group, explains: “Security of supply and grid stability are key challenges in the energy transition. The interaction of energy production and energy storage within a single renewable energy project indicates a solution to this particular challenge. For this reason, we decided early on to acquire this project from juwi with an appropriate PPA from MVV Trading. We have a long-standing and extremely successful collaboration with juwi, which continues in this innovative project. ‘

The on-site infrastructure is currently being prepared for the construction of the two Vestas V136 wind turbines, each with an installed capacity of 3.6 megawatts. The components of the system are to be delivered and installed from mid-November, so that commissioning can take place by January 2022. Although this part of the project is more of a routine activity for the juwi group more 25 years, the construction of the additional storage unit is uncharted territory in Germany. Planned is a lithium-ion storage unit with a capacity of three megawatt hours of Smart Power and the corresponding measurement and control technology. The components will be integrated into a container (1 x 40 feet) and a 20 foot frame for the power plant. “With this solution, we are able to supply electricity to the grid more consistently than before, especially in times of low wind,” explains Frank Elbers, juwi project manager. The storage will be built towards the end of the construction phase of the wind turbines. The commissioning of the storage is planned after the commissioning of the wind turbines.

Not only is the technical concept innovative. In terms of project financing, juwi is also innovating with its parent company MVV and its partner CEE Group. In addition to the fixed market bonus that juwi obtained for a period of 20 years as part of the innovation call for tenders of September 2020, the future operator CEE Group also benefits from the Power Purchase Agreement (PPA), which juwi and MVV offer for an initial period of ten years. “In addition to several post-EEG power purchase contracts and numerous overseas PPAs, this is already the second German project with PPA for us,” says Frederik Faißt, project finance manager at juwi AG.

MVV Trading acquires the electricity from the wind farm developed by juwi and takes charge of the marketing of the flexibility resulting from the additional battery storage operated by EEC at a fixed price guaranteed over the ten-year term of the PPA. “Commercializing wind power over a 10-year period under a PPA poses particular challenges for an energy trader. And implementing this in combination with a marketing solution for the flexibility of an associated battery storage system was a very special challenge, ”says Stefan Sewckow, Managing Director of MVV Trading. Sewckow continues: “We are proud to be able to contribute to the success of the energy transition with this product solution.

Debt financing for the project was taken over by Berliner Volksbank.

Project partners juwi, CEE Group and MVV Trading will sign the project contracts on September 15 from 11:00 a.m. to 12:00 p.m. at the joint MVV, juwi and Windwärts booth in hall 4, booth 4C10, and answer questions afterwards.

From September 14th to 17th, those interested will find juwi, MVV and Windwärts at their joint stand in Hall 4, Stand 4C10.

About the juwi group

The juwi group is one of the leading specialists in renewable energies. The German renewable energy pioneer has been offering comprehensive project development and other services related to the planning, construction and operation of renewable energy systems for 25 years. The areas of activity of the juwi group include wind and solar energy projects as well as hybrid systems with storage systems for industrial applications.

Juwi was founded in 1996 in the German Land of Rhineland-Palatinate. The company is now based in Wörrstadt near Mainz and has been part of MVV Energie AG, based in Mannheim, one of the largest municipal energy suppliers in Germany, since the end of 2014. The juwi group employs around 850 people in the world and has projects on every continent. There are subsidiaries in: Germany, Italy, Greece, South Africa, USA, Japan, Australia, India as well as in the Philippines, Thailand and Singapore.

To date, juwi has implemented more than 1,000 wind power systems with a capacity of more than 2,400 megawatts at approximately 180 sites around the world; in the solar segment, there are around 1,800 photovoltaic systems with a total output of over 3,000 megawatts. Together, these energy systems generate approximately nine billion kilowatt-hours of electricity each year; In purely mathematical terms, this corresponds to the annual needs of around three million households in Germany. For the implementation of energy projects, juwi has initiated an investment volume of nearly ten billion euros over the past 25 years.

About the CEE group

CEE Group is a Hamburg-based asset manager specializing in renewable energies. With assets under management of around 1.9 billion euros, the company invests in power generation projects in the wind and solar sectors. CEE Group owns onshore wind farms with an installed capacity of approximately 595.2 MW as well as photovoltaic plants of approximately 473 MWp. The CEE portfolio currently consists of a total of 42 onshore wind farms and 32 solar farms. Total electricity production in 2020 was around 1.4 billion kilowatt-hours.

As an international company, CEE Group offers its clients sustainable investment concepts with long-term return opportunities in the growing renewable energy market. With its independent operational entities, the company has a full range of services for projects in this segment. Investors include institutional investors with a long-term interest in renewable energies.


Contact

juwi-Group Felix Wächter · Press officer
Phone. +49. (0) 6732. 96 57-1244Mobile +49. (0) 1520 9331 878
waechter @take that off.juwi.de www.juwi.com

EEC Group ž Jens schnoor Investment director
Phone. : +49 (0) 40 688 788-0
schnoor @take that off.cee-group.lu www.cee-group.de

Disclaimer

MVV Energie SA published this content on September 08, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 08 September 2021 03:41:01 PM UTC.


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to support land administration, the allocation of titles in Lao PDR https://wbts-forum.org/to-support-land-administration-the-allocation-of-titles-in-lao-pdr/ https://wbts-forum.org/to-support-land-administration-the-allocation-of-titles-in-lao-pdr/#respond Sat, 04 Sep 2021 14:13:12 +0000 https://wbts-forum.org/to-support-land-administration-the-allocation-of-titles-in-lao-pdr/ Vientiane, September 4, 2021 – Landowners in Lao PDR, including some of the most vulnerable households, are expected to benefit from improved administration and title deeds thanks to a project approved by the World Bank this week. The $ 31 million Systematic Land Registration Improvement Project will be managed by the government’s Department of Natural […]]]>

Vientiane, September 4, 2021 – Landowners in Lao PDR, including some of the most vulnerable households, are expected to benefit from improved administration and title deeds thanks to a project approved by the World Bank this week.

The $ 31 million Systematic Land Registration Improvement Project will be managed by the government’s Department of Natural Resources and Environment over the next five years. Its objective is to modernize land administration and intensify land registration to support the country’s goal of extending the benefits of recognized land rights to a larger portion of the Lao population.

“Ordinary people want to know that their rights to land are secure, and that is why this project responds to a real need” noted World Bank Country Director for Lao PDR Alex Kremer. “Transparent and fair land rights increase harmony in society, reduce conflict and give people the confidence to invest.

Land use rights are enshrined in Lao law and the Lao Constitution. The land law adopted in 2020 recognizes the rights of individuals, customary land users, legal entities and communities to own and use land. However, out of around 3.5 million plots of land in Lao PDR, only around 1.5 million plots have been registered and titled, and these are mostly located in cities. The government has set a target of releasing an additional 1.2 million titles by 2025, but faces various challenges. The authorities needed considerable additional resources to scale up land registration activities and reduce the costs of issuing titles, a procedure that is currently too expensive for many landowners.

The new project will invest in modernizing land administration by speeding up services, digitizing procedures and using technology to record and maintain land information. It will also improve the capacity of authorities to maintain land registration and administration services over the long term and to protect land registers against fires or floods.

The project will build on the work of two previous Laotians funded by the World Bank title deed projects which lasted from 1996 to 2009 and issued over half a million land titles. In addition to increasing the number of land use certificates issued, the project announced today will create and expand maps that show all land holdings across the country, and support further development of land policies and regulations.

Co-financing of more than $ 6.3 million for the project comes from the Swiss Agency for Development and Cooperation, which will support activities such as land registration, increased engagement with the public, handling of claims and improving service delivery. In addition, the German Development Bank KfW provides parallel funding of € 7 million via a grant to speed up land registration in four northern provinces, Xieng Khouang, Houaphan, Oudomxay and Xayaboury, through a land management project.


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Germany’s Angela Merkel receives global health award, World News https://wbts-forum.org/germanys-angela-merkel-receives-global-health-award-world-news/ https://wbts-forum.org/germanys-angela-merkel-receives-global-health-award-world-news/#respond Wed, 01 Sep 2021 17:54:25 +0000 https://wbts-forum.org/germanys-angela-merkel-receives-global-health-award-world-news/ German Chancellor Angela Merkel opened a new epidemic intelligence center on Wednesday 1 September with WHO Director General Tedros Adhanom Ghebreyesus. The Chancellor took a blushing approach to Ghebreyesus’ praise, thanking him for the “heavy” medal and saying there was still a lot to do. Upon opening the hub, Merkel said: “We want to be […]]]>

German Chancellor Angela Merkel opened a new epidemic intelligence center on Wednesday 1 September with WHO Director General Tedros Adhanom Ghebreyesus.

The Chancellor took a blushing approach to Ghebreyesus’ praise, thanking him for the “heavy” medal and saying there was still a lot to do.

Upon opening the hub, Merkel said: “We want to be better armed for future pandemics and epidemics … if I’m honest it wasn’t really clear to me that a pandemic could hit Europe one day. . Back then we were working on the basis that it would not come to Europe, but now we have experienced it firsthand and have to learn our lessons. “

Read also | Merkel, Germany’s ‘eternal’ chancellor, to step off the stage

The hub will serve as a collection point for all available information on viruses. The data will then be analyzed for use in the global fight against pandemics.

Merkel praised Berlin as the location for a hub alongside the Charite Hospital and the Robert Koch Institute.

The hub and its work will receive, according to the Berlin Senate, funding of 30 million euros as German support to the World Health Organization.

“We must work together and above all understand that it is not enough for a country to be vaccinated. Everyone must be vaccinated to stop all the mutations that prevent us from finding a way out of the pandemic. The pandemic has also shown me how much we need WHO. It is the body for global health and needs strong and reliable funding, “said.

The hub offers: “a little hope in these sometimes difficult times”, she added.


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Information on the earthquake: moderate mag. Earthquake 5.2 – Chile-Bolivia border region on Saturday, August 28, 2021 at 08:57 (GMT -4) https://wbts-forum.org/information-on-the-earthquake-moderate-mag-earthquake-5-2-chile-bolivia-border-region-on-saturday-august-28-2021-at-0857-gmt-4/ https://wbts-forum.org/information-on-the-earthquake-moderate-mag-earthquake-5-2-chile-bolivia-border-region-on-saturday-august-28-2021-at-0857-gmt-4/#respond Sat, 28 Aug 2021 13:23:00 +0000 https://wbts-forum.org/information-on-the-earthquake-moderate-mag-earthquake-5-2-chile-bolivia-border-region-on-saturday-august-28-2021-at-0857-gmt-4/ Update: August 28, 2021 16:43 GMT – Refresh Moderate magnitude 5.2 earthquake 170 km deep 28 Aug 13:01 UTC: First to report: GFZ after 4 minutes.28 Aug 13:04: Magnitude recalculated from 5.1 to 5.2. Depth of the hypocenter recalculated from 188.0 to 170.0 km (117 to 106 mi). Epicenter location corrected 11 km (7 mi) […]]]>
Update: August 28, 2021 16:43 GMT –

22.36 ° S / 67.43 ° W↗ (Departamento de Potosi, Bolivia)
Antipode: 22.36 ° N / 112.57 ° E↗
Nearest volcano: Uturuncu (28 km / 17 mi)

Nearby towns and villages:
142 km (88 mi) south of San Cristóbal de Lipez (Potosi) (pop: 75) -> See nearby earthquakes!
154 km (96 mi) east of Calama (Antofagasta, Chile) (pop: 143,100) -> See nearby earthquakes!
191 km (119 mi) west of Villazon (Modesto Omiste, Potosí) (pop: 30,300) -> See earthquakes nearby!
204 km (127 mi) OSO of Tupiza (South Chichas, Potosí) (pop: 22,200) -> Observe the earthquakes nearby!
293 km (182 mi) OSO of Tarija (pop: 159,300) -> Observe the earthquakes nearby!
299 km (185 mi) northwest of Jujuy (Argentina) (pop: 305,900) -> Observe the earthquakes nearby!
320 km (199 mi) west of Bermejo (Aniceto Arce, Tarija) (pop: 35,400) -> Observe the earthquakes nearby!
355 km (220 mi) SSO of Potosi (Potosi) (pop: 141,300) -> See nearby earthquakes!
355 km (220 mi) SSO of Potosi (Potosi) (pop: 141,300) -> See nearby earthquakes!
433 km (269 mi) SSO of Sugar (Chuquisaca) (pop: 224,800) -> Observe the earthquakes nearby!

Weather at the epicenter at the time of the earthquake:
Clear sky -4.2 ° C (24 F), humidity: 5%, wind: 1 m / s (3 kts) from WSW

Main data source: GFZ (German Research Center for Geosciences)

Estimated energy released: 4×1012 joules (1.11 gigawatt hours, equivalent to 951 tonnes of TNT) More info

[show map]

[smaller] [bigger]

Data for the same earthquake reported by different agencies

Info: The more agencies report the same earthquake and publish similar data, the more confidence you can have in the data. It normally takes up to a few hours for the seismic parameters to be calculated with near optimum accuracy.

Mag. Depth Site Source
5.2 170 km Chile-Bolivia border region GFZ
5.1 204 km BOLIVIA (Argentina) INPRES
5.3 171 km POTOSI, BOLIVIA EMSC
5.4 156 km Chile-Bolivia border region BMKG
5.3 185 km Bolivia: 97 km NE of San Pedro De Atacama, Chile USGS
5.3 159 km Chile-Bolivia border region GeoAu

replicas

More information

Aftershocks recorded, latest first (0 earthquakes so far, frequently updated):
So far, no aftershock has been recorded.

Previous earthquakes in the same region

Click here to search our database for previous earthquakes in the same area since 1900!


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TUI posts an operating loss of € 699m in Q1 https://wbts-forum.org/tui-posts-an-operating-loss-of-e-699m-in-q1/ https://wbts-forum.org/tui-posts-an-operating-loss-of-e-699m-in-q1/#respond Wed, 25 Aug 2021 05:12:41 +0000 https://wbts-forum.org/tui-posts-an-operating-loss-of-e-699m-in-q1/ German tourism group TUI reported adjusted operating profit (EBIT) of minus € 699 million (US $ 846 million) in the first quarter of its fiscal year ending December 2020, the company said on Tuesday. During the quarter, the German travel and tourism company continued its efforts to discipline costs and strengthen liquidity initiated before the […]]]>

German tourism group TUI reported adjusted operating profit (EBIT) of minus € 699 million (US $ 846 million) in the first quarter of its fiscal year ending December 2020, the company said on Tuesday.

During the quarter, the German travel and tourism company continued its efforts to discipline costs and strengthen liquidity initiated before the pandemic to limit losses, and therefore saw its monthly cash outflows amount to an average of around 300 million euros between October and December, lower than that between October and December. 400 and 450 million euros he had planned.

“With strict cost discipline and the realignment of the group, which is moving at full speed, we were able to reduce the loss in the last quarter,” Fritz Joussen, CEO of TUI Group, said in a statement. .

First quarter revenue reached 468.1 million euros despite significant travel restrictions and global lockdowns. TUI noted that the Canary Islands were among “the few destinations accessible to vacationers”.

In the first quarter of last year, which was unaffected by the pandemic, TUI recorded revenues more than eight times higher at 3.85 billion euros.

Due to the ongoing pandemic, TUI has agreed to a third Covid-19 financial package with shareholders, banks and the Economic Stabilization Fund (FSM). The package amounting to 1.8 billion euros was concluded in the last week of January. At the start of February, TUI still held € 2.1 billion in cash and cash equivalents.

“Despite the current uncertainties due to the rapidly evolving pandemic situation, demand for summer vacations is good,” TUI noted.

The travel agency recorded a total of 2.8 million bookings for summer 2021, or around 56% of bookings in the same period for summer 2019. Prices were on average 20% higher compared to pre-crisis level in summer 2019.

The Covid-19 vaccination campaigns that have started were an important precondition for the resumption of tourism in the summer of 2021, TUI noted.

“The more determined vaccination campaigns are implemented, the sooner we can return to true freedom to travel,” said Joussen. In particular, “the English market is of particular importance to our business” and the vaccination campaign in the country has proceeded at an “impressive pace”.

(1 euro = 1.21 US dollars)


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Sensex wins 226 pts, Nifty closes at 16496; Gathering of IT actions https://wbts-forum.org/sensex-wins-226-pts-nifty-closes-at-16496-gathering-of-it-actions/ https://wbts-forum.org/sensex-wins-226-pts-nifty-closes-at-16496-gathering-of-it-actions/#respond Mon, 23 Aug 2021 11:19:00 +0000 https://wbts-forum.org/sensex-wins-226-pts-nifty-closes-at-16496-gathering-of-it-actions/ National stock indices managed to close with decent gains after a volatile session on Monday. The Nifty closed just below the 16,500 mark. Computer stocks climbed while auto and metal stocks fell. The barometer index, the S&P BSE Sensex, rose 226.47 points or 0.41% to 55,555.79. The Nifty 50 index gained 45.95 points or 0.28% […]]]>

National stock indices managed to close with decent gains after a volatile session on Monday. The Nifty closed just below the 16,500 mark. Computer stocks climbed while auto and metal stocks fell.

The barometer index, the S&P BSE Sensex, rose 226.47 points or 0.41% to 55,555.79. The Nifty 50 index gained 45.95 points or 0.28% to 16,496.45.

Bajaj Finserv (up 2.06%), Nestlé India (up 1.78%), Bharti Airtel (up 1.57%), Bajaj Finance (up 1.46%) and Reliance Industries (up 0.75%) supported the indices.

Mahindra & Mahindra (down 2.50%), Bajaj Auto (down 2.23%), UltraTech Cement (down 1.88%) and ITC (down 1.29%) were major brakes.

In the larger market, the BSE Mid-Cap index fell 0.90% and the BSE Small-Cap index lost 1.55%.

The breadth of the market was small. On BSE, 777 stocks rose and 2,470 stocks fell. A total of 146 shares remained unchanged.

COVID-19 Update:

The total number of confirmed COVID-19 cases worldwide stood at 21 18 44 766 with 44 31 554 deaths. India has reported 3 3 3 924 active cases of COVID-19 infection and 4 34 756 deaths while 3 16 80 626 patients discharged from hospital, according to data from the Ministry of Health and Welfare family of the Indian government.

Economy:

Minister of Finance and Union Affairs Nirmala Sitharaman will launch the National Monetization Pipeline on Monday (August 23) in New Delhi. The National Monetization Pipeline (NMP) comprises a four-year pipeline of central government brownfield infrastructure assets.

In addition to providing visibility to investors, the NMP will also serve as a medium-term roadmap for the government’s asset monetization initiative. The Union budget 2021-2022 put a lot of emphasis on the monetization of assets as a means of leveraging innovative and alternative finance for infrastructure, and included a number of key announcements.

Meanwhile, Union Minister of State for Railways Raosaheb Danve said the railway suffered a loss of Rs 36,000 crore due to the corona pandemic. The railway faces a 48% loss in passenger service. He was speaking at an event held at Jalna station in Maharashtra.

Danve said the Mumbai-Nagpur bullet train project is an ambitious railway ministry project and it is on the priority list. The doubling of the tracks between Manmad and Nanded will also be carried out as a priority. But other railway projects will be carried out after verification of the feasibility of the project.

Figures to watch:

The yield on the 10-year federal benchmark paper was 6.242% versus 6.234% at the close of the previous trading session.

In the forex market, the rupee rose slightly against the dollar. The partially convertible rupee hovered at 74.22, from its close of 74.3950 in the previous trading session.

MCX Gold futures for the October 5, 2021 settlement rose 0.09% to Rs 47,200.

The US Dollar Index (DXY), which tracks the value of the greenback against a basket of currencies, lost 0.24% to 93.27.

In the commodities market, Brent crude for the October 2021 settlement rose $ 1.94 to $ 67.12 per barrel. The contract fell $ 1.27, or 1.91%, to settle at $ 65.18 a barrel on the previous trading session.

Foreign markets:

Equities in Europe and Asia rose across the board on Monday, with traders looking to profit from last week’s sell-off while weighing risks from the delta virus strain and China’s regulatory restrictions.

Major US stock averages rebounded on Friday, boosted by tech stocks. Fed officials are expected to meet for their annual meeting in Jackson Hole, Wyo., Starting Thursday. Market participants will await information on the Fed’s talks on the tap as many central bankers aim to move away from the ease policy.

Indian segment in turmoil:

The Nifty IT Index rose 1.70% to 33,919.80. The index has climbed 11.29% so far in August 2021.

MindTree (+ 4.93%), Larsen & Toubro Infotech (+ 2.50%), TCS (+ 2.12%), Coforge (+ 1.51%), Wipro (+ 1.35%), Tech Mahindra (+ 1.13%), Mphasis (+ 1.04%) and Infosys (+ 0.38%) are progressing.

HCL Technologies jumped 4.26%. The IT major said he signed a contract with Munich Re to create a next-generation digital workplace for its staff.

In accordance with the contract, HCL Tech will modernize and standardize workplace services for more than 16,000 Munich Re employees in 40 countries. HCL will adopt a glocal strategy to support Munich Re’s global workforce in multiple languages, including German, Spanish and Mandarin, from locations close to the coast. It will also implement a highly personalized service desk solution and leverage the power of automation and self-service capabilities to improve efficiency and improve the user experience for employees.

Featured Actions:

SRF added 0.77%. The company has informed that a meeting of the board of directors will be held on Tuesday, August 31, 2021 to consider the issuance of free shares.

Ramkrishna Forgings fell 0.86%. The company said its board of directors will meet on Friday, August 27, 2021 to review fundraising plans. Funds would be raised by issuance of equity or debt or by any other method or combination thereof, subject to the necessary approvals.

Aurobindo Pharma added 0.24%. The company terminated the agreement to acquire 51% of the capital of Cronus Pharma. The company, on August 12, 2021, had entered into binding agreements with Cronus Pharma Specialties India for the acquisition of 51% of the capital of Cronus Pharma for a total consideration of Rs 420 crore.

Cronus is a pharmaceutical company which develops, manufactures and distributes generic veterinary pharmaceutical products. Cronus has a plant in Hyderabad with 67 products in its pipeline, 22 of which have been deposited and 6 have been approved by the Center for Veterinary Medicine, USFDA. The acquisition would have enabled Aurobindo Pharma to gain a foothold in the global $ 48 billion animal health market.

Cadila Healthcare grew 2.21%. The pharmaceutical major said the company has received Emergency Use Clearance (EUA) from the Drug Controller General of India (DCGI) for ZyCoV-D, the world’s first plasmid DNA vaccine for COVID-19.

Arvind Fashions jumped 9.13%. The board of directors of the company has approved the preferential allotment of shares worth Rs 439 crore to various prominent investors, including promoters, at a price of Rs 218.50.

Steel band wheels (SSWL) lost 2.68%. The company announced the signing of a memorandum of understanding (MoU) for nearly $ 105 million from the Western Hemisphere. In accordance with the MoU, SSWL will supply steel and aluminum wheels for a minimum period of three years. Steel wheel supplies will start from Chennai and Dappar factories by September 2021 and Mehsana factory supplies for aluminum wheels will start by the end of December 2021.

New list:

Shares of Nuvoco Vistas Corporation, India’s fifth largest cement company, came in at Rs 531.30, a discount of 6.79% from the issue price of Rs 570 per share. The script was listed at Rs 471 per share, a 17.36% discount from the initial public offering (IPO) price.

The stock hit a high of Rs 550 and a low of Rs 471 during the trading session. On BSE, more than 8.21 lakh of company shares traded during the day.

Nuvoco Vistas Corporation’s IPO received offers for 10.70 crore of shares for 6.25 crore of shares on offer, according to stock market data. The program has been subscribed to 1.71 times. The issue was auctioned on August 9, 2021 and closed on August 11, 2021. The IPO price range was set at Rs 560-570 per share.

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Bureaucracy and risk aversion undermine Merkel’s legacy of innovation https://wbts-forum.org/bureaucracy-and-risk-aversion-undermine-merkels-legacy-of-innovation/ https://wbts-forum.org/bureaucracy-and-risk-aversion-undermine-merkels-legacy-of-innovation/#respond Sun, 22 Aug 2021 21:00:00 +0000 https://wbts-forum.org/bureaucracy-and-risk-aversion-undermine-merkels-legacy-of-innovation/ By Andreas Rinke and Michael Nienaber / Berlin It was one of Chancellor Angela Merkel’s most radical ideas during her last term: a new agency that would bring to market a groundbreaking German innovation such as a way to clean up the world’s oceans and a therapy for Alzheimer’s disease.But two years after the launch […]]]>

By Andreas Rinke and Michael Nienaber / Berlin

It was one of Chancellor Angela Merkel’s most radical ideas during her last term: a new agency that would bring to market a groundbreaking German innovation such as a way to clean up the world’s oceans and a therapy for Alzheimer’s disease.
But two years after the launch of the project by Merkel, motivated both by her own scientific background and by the fear that Europe is falling behind, the SPRIN-D agency for disruptive innovation is struggling under the weight. institutional, cultural and budgetary constraints.
Summarizing some of the frustration expressed by Merkel herself, the agency’s director, Rafael Laguna de la Vera, told Reuters: “There is a valley of death that every innovative technology has to pass through before it can be turned into a marketable product.
“In Germany, this valley of death is particularly long.
The concept is to identify and support potentially revolutionary technologies in niche areas – outside the vast R&D landscape with which Germany has long been associated in the automotive industry and engineering – in order to develop new areas. activity to secure the jobs of the future.
It takes a two-pronged approach to hunt down ideas.
Inventors can submit projects without any deadline to receive funding. Additionally, the agency issues challenges to motivate creative minds to develop solutions to specific problems. The first “SPRIN-D challenge” invites the inventors to find a new drug to fight against viral diseases.
One of Germany’s most famous innovations, the BioNTech Covid-19 vaccine, developed with US pharmaceutical giant Pfizer, was created outside the agency structure, although it received a grant from the ministry. of Sciences of 375 million euros.
Some of SPRIN-D’s early projects include developing a treatment for Alzheimer’s disease, a way to rid the oceans of microplastics, and an analog computer that is faster and less power hungry than its digital competitors.
The early stage projects have yet to produce any breakthrough from the Leipzig-based agency which employs 36 people. Without changes, Merkel and Laguna fear there will never be any and that the lost opportunities of the past may be repeated.
The MP3 encoding format for digital audio, for example, was invented by scientists at the German state-funded Fraunhofer Institute in the 1980s. But it took companies from Asia and America to realize its business potential and transform it into cutting-edge applications and devices such as the Apple iPod.
SPRIN-D has an annual budget of 100 million euros – a fraction of the 9 billion euros of support for start-ups in general in Germany and of the 3 billion euros of the budget of the US Defense Advanced Research Projects Agency on which it is modeled.
The small budget is in part due to a decision by Merkel’s ruling coalition to ban SPRIN-D from supporting military candidacies, as the co-governing center-left Social Democrats have insisted on a purely civilian character of the agency.
“This means the jumps have still been pretty weak so far,” Merkel said at a research summit in May, not hiding her frustration when she added that this anti-military approach seemed to her. very German “.
His remarks show the limited influence that even a chancellor with 16 years in power has on Germany’s deep-rooted pacifism, following the national trauma of starting two world wars.
Thomas Jarzombek, a member of Merkel’s conservatives and Berlin’s aerospace policy coordinator and head of start-ups, told Reuters the decision to separate end-use weakened SPRIN-D as it was often difficult to tell from the start what kind of product an idea might lead to.
Another reason for the small budget is Germany’s long tradition of fiscal prudence and accountability, with strong veto powers in parliament and a separate body responsible for reviewing state spending, the Federal Accounts Office.
The general obsession with avoiding risk and preventing failure puts SPRIN-D in an unusually tight budget corset.
Due to the nature of innovation, Laguna said, sometimes nine out of 10 ideas go nowhere while the 10th could result in a revolutionary product or application.
“What we would like to do and should do is give money to inventors and tell them, go ahead,” he said.
Common EU state aid and public procurement rules also limit its potential.
“If we want to fund a project 100%, we have to set up a 100% subsidiary of SPRIN-D which then has to get a loan from the government,” Laguna said, a step that involves a closer look at the budget from the part. legislators.
To enable SPRIN-D to promote breakthrough innovations more effectively, Laguna wants the next government to exempt its projects from competition rules in start-up funding, allow support also through minority stakes and get the green light for higher wages to compete with wages in the private sector.
The conservative CDU / CSU bloc as well as the pro-business Free Democrats are aiming for a reform that would give the agency more fiscal and political independence.
The Greens’ manifesto for the legislative elections of September 26, after which Merkel withdraws, pledges to make SPRIN-D “more flexible”.
The SPD, on the other hand, places more emphasis on state-owned KfW bank, which it wants to see play a more active role as a driver of innovation. “Product developments must be able to rely on the State as an entrepreneur,” he explains.
In the medium term, the problems can only be solved with a European agency for disruptive innovation, said Wolf-Dieter Lukas, secretary of state at the conservative-led science ministry, adding that large public orders are often needed to support new technologies.
However, efforts by Merkel and French President Emmanuel Macron to launch a joint Franco-German innovation agency, as a step towards a larger multinational agency, failed due to differences of opinion between Berlin and Paris.
“The United States and China have very large domestic markets. So for us the equivalent can only be the EU single market, we cannot limit ourselves to Germany, ”said Lukas. – Reuters


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Wednesday August 11, 2021, San Diego Metro Magazine https://wbts-forum.org/wednesday-august-11-2021-san-diego-metro-magazine/ https://wbts-forum.org/wednesday-august-11-2021-san-diego-metro-magazine/#respond Wed, 11 Aug 2021 11:31:59 +0000 https://wbts-forum.org/wednesday-august-11-2021-san-diego-metro-magazine/ San Diego State University researchers secure funding of $ 141 million for 2020-2021 Researchers at San Diego State University have secured $ 140.6 million in grants for 2020-2021, keeping the institution’s research business in the midst of a global pandemic. Nearly 320 principal investigators received 723 awards, including strong support in crucial areas such as […]]]>
San Diego State University researchers
secure funding of $ 141 million for 2020-2021

Researchers at San Diego State University have secured $ 140.6 million in grants for 2020-2021, keeping the institution’s research business in the midst of a global pandemic.

Nearly 320 principal investigators received 723 awards, including strong support in crucial areas such as increasing adoption of the COVID-19 vaccine, developing better batteries for electric cars, reducing disease among Hispanics , the fight against climate change and the improvement of employment opportunities for people with disabilities.

Many research leaders have also played a dual role of mentor, and hundreds of students have participated in high-impact research projects over the past year.

More than 570 graduate students and 380 undergraduates participated in on-campus research in 2020-2021, and the Research and Innovation Division (DRI) has financially supported more than 170 student researchers with grants. About 300 students participated in the 2021 Student Research Symposium.

“It has been a great year for a wide range of crucial research,” said Hala Madanat, Acting Vice President for Research and Innovation. “The SDSU professors were ambitious in their efforts. From climate change to racial justice to artificial intelligence, their work has addressed issues critical to our future. “

PHOTO: Undergraduate Kaylin Sabado performs an energy efficiency assessment with the SDSU Industrial Assessment Center.

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Scripps Whittier Diabetes Institute receives
$ 3.1 million grant to study blood glucose monitoring

The National Institutes of Health awarded a grant of $ 3.1 million to the Scripps Whittier Diabetes Institute to study the use of wireless continuous blood glucose monitoring (CGM) devices in hospitalized patients with type 2 diabetes in the hope of better controlling their blood sugar upon admission.

The new study will build on previous research conducted by Scripps Whittier and the further use of CGM devices in diabetic patients at Scripps Health hospitals during the COVID-19 pandemic. At the start of the public health crisis, the Food and Drug Administration paved the way for hospitals to use the devices to reduce the number of times a nurse has to visit a patient’s room for finger pricks. more conventional. Without CGM, nurses typically enter a patient’s room four to six times a day to check blood sugar.


Steve Kietz appointed Managing Director
head of Reliant Funding in San Diego
Steve kietz

Reliant Funding, a small business finance company, has appointed Steve Kietz as Managing Director. Kietz was previously the company’s marketing director. The industry veteran will guide Reliant Funding on its mission to continue to provide personalized, world-class financing solutions to US small businesses.

As Chief Marketing Officer, Kietz has been instrumental in expanding Reliant Funding’s marketing, risk and technology initiatives. He is a seasoned financial services professional with over 30 years of experience leading successful teams and is widely recognized as an industry leader in building strategic partnerships.

Prior to joining Reliant, Kietz served as Chairman of Inte Q, was Founder and CEO of Mobile Money Ventures (which was acquired by Intuit), and held senior positions at Citi and JP Morgan, including Chairman of Citibank Direct. Outside of the profession, Kietz has volunteered as vice-president of the Family Dysautonomia Foundation for over 30 years.


SpaceLink and Blue Marble Communications
work on the development of advanced optical terminals

Space link, a company that is building an information highway for the space economy, has announced the formation of a strategic partnership with the San Diego-based company Blue marble communications accelerate the development of advanced optical terminals.

Blue Marble is a supplier of high-performance, high-speed data, RF and optical communications components.

The terms of the agreement between the two companies, valued at more than $ 10 million, include technological development and the purchase of terminals for inter-satellite links compatible with the Space development agency standards (SDA). A diverse range of terminals for inter-satellite optical links helps SpaceLink manage risk and provide options to its customers.


HCAP Partners announces new
investment in Myndshft

HCAP Partners, a San Diego-based private equity firm and nationally recognized impact investor, announced its investment in Myndshft, a leading provider of real-time medical benefits monitoring and electronic prior authorization technologies. Terms of the investment were not disclosed.

Based in Mesa, Arizona, Myndshft develops real-time medical benefit verification and electronic pre-authorization software solutions for payers and providers.

“Improving access to care is a key investment theme for us at HCAP,” said Hope Mago, partner at HCAP Partners. “We have been impressed with Myndshft’s approach of leveraging artificial intelligence and blockchain technology to solve an important problem in healthcare. We look forward to working with the Myndshft team during this time of significant business growth. “


Sydnexis secures $ 45 million Series B funding
led by Visionary Ventures and Blue Stem Capital

Sydnexis Inc., a clinical-stage biopharmaceutical company with a proprietary formulation of low-dose atropine for the treatment of progressive myopia, announced the completion of a $ 45 million Series B funding led by Visionary Ventures, Blue Stem Capital and SC Master Fund, with participation from existing investors RA Capital Management, Longitude Capital and Medicxi.

The funding will be used to fund Sydnexis lead candidate, SYD-101, until the completion of the fully recruited, pivotal phase 3 STAAR study for the treatment of progressive myopia in children.

The Sydnexis STAAR study is the world’s largest pediatric myopia study to investigate the use of low-dose atropine to delay progressive myopia.


LifeWave of San Diego offers relief
to the victims of the German floods

LifeWave, a San Diego-based healthcare technology company, has volunteered to provide care packages for victims of the deadly floods that hit western Germany in July. Flash floods destroyed homes, washed away roads, smashed dams and quickly pushed rivers to their shores, burying entire towns under heavy blankets of mud. 225 people died.

“When we got the call, we were quick to lend a hand to help those battling the unprecedented floods and fallout,” said Jim Caldwell, Chief Marketing Officer of LifeWave. “Our LifeWave team has shown solidarity and support to our German friends, their families and first responders with shipments of LifeWave products to help them tackle stress, insomnia and general discomfort.

LifeWave manufactures ultra-thin, non-transdermal patches that harness light frequencies to stimulate points in the skin to promote energy, sleep, relaxation, and minor pain relief. The patches are portable, painless, effective and easy to use.


Potential COVID-19 drug found among tapeworm drugs

A group of drugs long prescribed to treat tapeworm have inspired a compound that shows two-fold efficacy against COVID-19 in laboratory studies, according to a new publication appearing online in the journal Infectious disease of ACS.

The compound, which is part of a class of molecules called salicylanilides, was designed in the laboratory of Professor Kim Janda, chemistry professor Ely R. Callaway Jr. and director of the Worm Institute for Research and Medicine at Scripps Research in La Jolla.

“We have known for 10 or 15 years that salicylanilides work against certain viruses,” explains Janda. “However, they tend to be restricted to the gut and can have toxicity issues.”

Janda’s compound overcomes both problems, in mouse and cell tests, acting as both an antiviral and anti-inflammatory compound, with properties that bode well for its use in pill form.


Read more…

Southwestern College Student Journal
named one of the 100 best American publications

Southwestern College’s student newspaper The Sun has been named one of America’s Top 100 Publications by the Associated Collegiate Press (ACP). The prestigious designation was announced by ACP, the oldest student journalism organization in North America, as part of a celebration of the 100th anniversary of the CAP.

The Sun has been recognized alongside esteemed student publications from universities such as Northwestern, Missouri, UCLA, and USC. Since its inception, The Sun has quickly gained recognition for its high-quality coverage, securing its first Pacemaker Award from the CAP for Distinguished Student Journalism early in its existence. The Sun has consistently launched graduates into successful, high-profile journalism careers, including nearly every San Diego news outlet and national media like Politico.


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Latest coronavirus: France to send medical teams to help control Covid in Caribbean territories https://wbts-forum.org/latest-coronavirus-france-to-send-medical-teams-to-help-control-covid-in-caribbean-territories/ https://wbts-forum.org/latest-coronavirus-france-to-send-medical-teams-to-help-control-covid-in-caribbean-territories/#respond Mon, 09 Aug 2021 15:24:22 +0000 https://wbts-forum.org/latest-coronavirus-france-to-send-medical-teams-to-help-control-covid-in-caribbean-territories/ The spread of the Delta strain of the virus that causes Covid-19 across the United States sparked a wave of state-level proclamations over the weekend regarding mask warrants and vaccinations. The United States averages around 100,000 new Covid-19 infections per day, according to data from Johns Hopkins University, up from 11,000 cases per day at […]]]>

The spread of the Delta strain of the virus that causes Covid-19 across the United States sparked a wave of state-level proclamations over the weekend regarding mask warrants and vaccinations.

The United States averages around 100,000 new Covid-19 infections per day, according to data from Johns Hopkins University, up from 11,000 cases per day at the end of June.

“Our models show that if we don’t [vaccinate people] we could be up to several hundred thousand cases a day, similar to our increase in early January, ”Centers for Disease Control and Prevention director Rochelle Walensky told CNN.

Ned Lamont, the governor of Connecticut, said employees at all long-term care facilities in the state should be vaccinated. The weekend ordinance came a day after the Democratic Party’s Lamont authorized municipalities to require masks in indoor public places in their cities, regardless of vaccination status.

A New York resident wears a face mask as she walks past UN Headquarters © Kena Betancur / AFP via Getty Images

Virginia Governor Ralph Northam, also a Democrat, said state employees would be required to prove that they are fully vaccinated or that they will be tested for Covid-19 every week from September 1.

New Jersey has ordered that all students, educators, staff and visitors be required to wear face masks indoors for the start of the school year next month. Phil Murphy, the Democratic governor who called anti-vaccination campaigners “the ultimate knuckleheads” in a speech on Friday, said the mandate was effective as of Monday.

Kentucky will require its health care workers to initiate vaccination by Sept. 15, said Andy Beshear, the state’s Democratic governor.

Kate Brown, the Democratic Governor of Oregon, has ordered the Oregon Health Authority to issue a rule requiring weekly Covid-19 testing for staff at healthcare facilities, which can be waived with proof of vaccination .

In Hawaii, state and county employees will need to get vaccinated against Covid-19 by August 16 or get tested weekly. “Based on current conditions, I must take action to protect public health and avoid unmanageable strains on our health care,” said David Ige, Democratic Governor of Hawaii.

A woman wears a mask while playing bingo at St Jerome's Catholic Church in Fancy Farm, Kentucky
A woman wears a mask while playing bingo at St Jerome’s Catholic Church in Fancy Farm, Ky. © Alex Slitz / Lexington Herald-Leader via AP

While running short of terms, the Republican governors of Texas and Alaska and the Democratic governors of Wisconsin, Pennsylvania and Nevada urged residents to get bitten.

“Unfortunately, despite the widespread availability of vaccines, there are still many eligible Pennsylvanians who are not vaccinated,” said Tom Wolf, Democratic Governor of Pennsylvania.

In West Virginia, Republican Gov. Jim Justice said the increase in the number of cases in the state “will only get worse if we don’t really run aggressively and get vaccinated today.”

The Republican governor of Ohio has given little indication that he plans to introduce a mask warrant despite high levels of Covid-19 transmission across much of the state. Mike DeWine said he always favors individual choices.

In Iowa, Republican Gov. Kim Reynolds said US guidelines recommending that fully vaccinated people continue to wear masks were “not only counterproductive to our vaccination efforts, but also not based on reality or the correct one. meaning”.


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