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…
NASA Releases First Near Infrared Camera Scientific Image Taken by James Webb Space Telescope
White House press event, NASA released the first image of some of the earliest light in our universe, taken with an instrument that Lockheed Martin designed and built. The debut photo from the James Webb Space Telescope’s Near Infrared Camera (NIRCam) is the first from one of the most sensitive infrared cameras ever built to observe the universe.
Boeing will fly the newest and largest members of its 737 MAX and 777X airplane families at the Farnborough International Airshow this month and present new tools in the push toward more sustainable and autonomous flight.
In Agritech News this week…
Cannabis Leaders Nabis and The Parent Company Forge Exclusive Distribution Partnership
Nabis, the leading licensed cannabis wholesale platform in the world’s largest legal cannabis market, announces a transformative distribution partnership with The Parent Company, a leading consumer-focused California cannabis company, that will optimize efficiencies while bringing top brands to dispensaries across the Golden State. Beginning this month, Nabis will distribute all of TPCO’s products, including Monogram and other TPCO owned brands, to licensed retailers with the best quality of service.
AirCarbon Exchange (ACX), the global exchange revolutionizing the voluntary carbon market, signed a collaboration agreement with the Nairobi International Finance Centre (NIFC) and the Nairobi Securities Exchange (NSE) to develop a Kenya Carbon Exchange during the official launch of the NIFC officiated by Dr. Joseph Kinyua, Head of Public Service, on behalf of H. E. Uhuru Kenyatta, President of the Republic of Kenya.
In Automotive News this week…
EXEED: Create M3X Proprietary Platform And Highlight High-end Strength
On the basis of inheriting the centurial accumulation of the European automobile industry, EXEED integrates China’s latest intelligent scientific and technological achievements and focuses on the high-end vehicle needs of global consumers, creating a new world-class proprietary platform for EXEED – M3X.
The Volvo Group, Daimler Truck, and the TRATON GROUP completed the final step in forming the previously announced joint venture for charging infrastructure in Europe.
In news from the Banking, Finance, Securities and Insurance sector this week…
Edison Partners Successfully Exits Energy Industry Disruptor Budderfly
Edison Partners, a leading growth equity firm, announced that it will exit portfolio company Budderfly, in which Partners Group acquired a majority stake. Upon closing, the transaction will deliver a strong cash return.
CEA International LLP (“CEAI”) advises GMEX Group Limited (“GMEX”) on the acquisition of Pyctor digital asset technology from Dutch multinational banking and financial services corporation, ING (“ING”).
In Energy and Power Sector News this week…
Clean Energy Systems Enters Into an Agreement to Acquire the Madera Biomass Power Plant
Clean Energy Systems, Inc. (CES) announced that it entered into an agreement to acquire the idled Madera Biomass Power Plant (located in Madera County, California). CES intends to convert the existing facility into a Biomass Carbon Removal and Storage (BiCRS) Facility.
Nanotech Energy, the world’s leading manufacturer of graphene and the only producer of non-flammable, graphene-based batteries on the market, is expanding its operations to Storey County, Nevada, east of Reno, with a new 517-acre, multiple building manufacturing facility in the Tahoe Reno Industrial Center.
In IT news this week…
KBC (A Yokogawa Company) announces a partnership with Computing in Technology (CiT), the leading source of simulation software for modelling different polymer processes.
Serent Capital Announces Acquisition of Portfolio Company Motility Software By Reynolds and Reynolds
Motility Software, a leader in end-to-end dealer management software for specialty dealerships and backed by Serent Capital, announced it has been acquired by The Reynolds and Reynolds Company, a leading provider of automobile dealership software and services. The two companies are joining forces to drive operational excellence at specialty dealerships across the country.