• Sun. May 5th ,2024

News

Tiger Global slows down investments for two quarters, eyes new funding

American investment firm Tiger Global is reportedly planning to decelerate the rate of its investment in startups for the next two quarters, becoming the latest among high-profile investors to do so amid an ongoing slump in the market. Alex Cook, a partner at Tiger Global, told founders that the

Singapore regulator mulls additional crypto safeguards for consumers

The Monetary Authority of Singapore (MAS), Singapore’s financial regulator, is reportedly contemplating to add further safeguards to protect consumers after sharply tumbling cryptocurrency prices led to the insolvency of several firms, including some based in the country itself. Tharman Sha

Nextracker & BCI Steel reopen Pittsburg plant to serve US solar market

Leading solar tracker maker, Nextracker LLC, and a Pittsburgh-based steel manufacturer, BCI Steel, have reportedly announced the renovation of the Bethlehem Steel manufacturing plant in Leetsdale, Pittsburg, to manufacture solar tracker equipment for expansive solar power factories. As per report

Space Tourism could undo repair progress of ozone layer: Study

Scientists have reportedly stated that the recently undertaken space tourism by billionaires Jeff Bezos, Richard Branson, and Elon Musk, could undo the progression made to restore the ozone layer. A combined analysis conducted by a team of researchers at the Massachusetts Institute of Technology,

SwitchBot introduces a USD 99 fingerprint-enabled smart door lock

SwitchBot, one of the leading smart home retrofitting firms, has reportedly launched the latest and upgraded version of the SwitchBot Lock. It is claimed to be the easiest option to upgrade the door lock without having to replace it, allowing customers to access or lock their door using an Apple Wat

Okapi:Orbits raises $5.7M for its space traffic management software

Okapi:Orbits, a German SaaS startup working towards sustainable space travel, has reportedly announced that it has raised over €5.5 million ($5.7 million) in a seed funding round to help skyrocket its space traffic management software. Okapi:Orbits created the software to facilitate the operat

Temasek unveils investment platform GenZero aimed at decarbonization

Singaporean state holding firm, Temasek has reportedly announced the launch of its wholly-owned investment platform, GenZero, which will focus on stepping up decarbonization efforts across the globe. GenZero will invest in early-stage firms and solutions that require flexible and long-term capita

Mercedes-Benz recalls 1 million older units over possible brake issue

The automaker has issued a recall of mainly SL and ML line of SUVs and luxury minivans produced between 2004 and 2015.   The move was based on the company’s analysis of isolated reports of a few vehicles German automotive brand Mercedes-Benz has reportedly announced tha

PBT secures $1.1Mn to increase output of low-carbon battery materials

The company’s patented technology filters out cobalt and nickel which are required to manufacture battery cathodes that emit 70% less CO2 than the standard method Pure Battery Technologies (PBT), an America-based nickel and cobalt battery provider, has recently secured $1.1 million fro