Here is Read Magazine’s Weekly Roundup of the top news from global markets. In this fast paced world, breaking down information helps readers grasp the nuances that follow the news.
In Aerospace News this week…
Kcell and SES Successfully Demonstrate Cellular Network Connectivity in Kazakhstan
Kcell, Kazakhstan’s leading mobile network operator, and SES, the leading global content connectivity provider via satellite, have successfully demonstrated satellite-enabled cellular networks in remote parts of Kazakhstan.
SOFIA Watches a Binary Star System’s Eclipse
With its observations of a special pair of stars at a special moment in their lives, the Stratospheric Observatory for Infrared Astronomy (SOFIA) is shedding new light on stardust.
In Agritech News this week…
CropSafe Raises $3M in Seed Funding to Support Farmers Globally
CropSafe, a platform revolutionizing the future of farming, announced that they have raised over $3M in seed funding and have opened U.S. headquarters in Los Angeles.
Remilk Names Kobi Altman as CFO
Remilk, the food-tech innovator reimagining dairy, announced Kobi Altman joined its leadership team as Chief Financial Officer (CFO) and Secretary of the Board of Directors.
In Automotive News this week…
Palantir Announces Global Enterprise Deal with Stellantis
Palantir Technologies Inc. announced a partnership with one of the world’s leading automakers and mobility providers Stellantis N.V. Stellantis will deploy Palantir’s Foundry operating system across the company’s brands, business functions and plant locations to accelerate its digital transformation into a sustainable mobility tech company.
Alpha Motor Corporation and UHI Group (“UHI”) have entered into a Memorandum of Understanding (MoU) to confirm a synergistic business relationship between the two companies, pursuant to which UHI will manufacture and validate Alpha Motor Corporation’s production-ready electric vehicles.
In news from the Banking, Finance, Securities and Insurance sector this week…
IFC, Partners for Growth Join Forces to Support Growth-Stage Companies in Emerging Markets
IFC and US-based fund manager Partners for Growth (PFG) are uniting to provide much-needed debt capital to innovative early- to mid-stage companies in emerging markets, with a focus on fintech, software, e-logistics, health, and life sciences firms.
iCapital Secures Three Patents for Innovations in Alternative Investing Technology
iCapital, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, announced that it has been awarded three patents for technological advances in data security within the alternative investing process.
In Energy and Power Sector News this week…
Mon Power and Potomac Edison Now Subscribing Solar Energy Customers in West Virginia
Mon Power and Potomac Edison, subsidiaries of FirstEnergy Corp., are accepting customer commitments to purchase solar renewable energy credits (SRECs) from five utility-scale solar facilities planned for the companies’ West Virginia service territory.
Flotek to Participate in Water Tower Research Fireside Chat
Flotek Industries, Inc. (“Flotek” or the “Company”), a leader in technology-driven specialty green chemistry solutions participated in a Fireside Chat hosted by Water Tower Research on Wednesday, May 25th at 10:00am central time.
In Chemicals News this week…
Kraton Corporation Announces Price Increase for CTO Refinery Products and Derivatives
Kraton Corporation, a leading global sustainable producer of specialty polymers and high-value biobased products derived from pine wood pulping co-products, announces a general price increase of up to 20% on all CTO refined products and derivatives.
John Ketchum Appointed Chairman of NextEra Energy
The board of directors of NextEra Energy, Inc. appointed President and Chief Executive Officer John Ketchum as chairman of the board, effective July 29, 2022, at which time he will serve as NextEra Energy’s chairman of the board, president and chief executive officer.
In IT news this week…
Claros Technologies, Kureha Partner to Develop a Cutting-Edge PFAS Capture-And-Destruction System
Claros Technologies announced its strategic partnership with Kureha America, Inc., a wholly owned subsidiary of Kureha Corporation Japan, to scale up a state-of-the-art technology that is capable of capturing, concentrating, and destroying “forever chemicals” (PFAS) from wastewater.
Xcel Energy, a leading US-based energy provider, is partnering with IFS, the global cloud enterprise software company, to undertake a gas and electric distribution end-to-end scheduling transformation.