Tassat, the leading provider of private blockchain-based business-to-business (B2B) real-time payments and financial services solutions to banks headquartered in the US, unveiled its new blockchain product, the Digital Interbank Network, in October 2022. Over 400 transactions were completed without error in 8 hours, averaging USD 1.25 million per transaction, using Tassat-controlled accounts at Cogent Bank, Customers Bank, and Western Alliance Bank. Tassat's purpose is to develop the Network as a viable platform for B2B customers of member banks to perform real-time payments between businesses at different banks.

Speaking at the occasion Kevin R. Greene, Tassat’s Chairman, and CEO, said the company transacted for USD 500 million more than…

In September 2022, GoPro increased its product range by introducing two new GoPro action cameras, the Hero11 Black Creator Edition and the Hero11 Black Mini. GoPro's 2022 fall portfolio now includes three cameras: the conventional Hero11 Black, a tiny version, and a creator-focused model.

The primary distinctions between the two cameras are their displays and mounts. The Hero 11 Black small does not have a front or rear screen, and its Enduro battery is integrated. The small, on the other hand, comes with an additional pair of mounting legs around the back of the camera.  The cameras use the same 10-bit sensor, which has an 8:7 aspect ratio and 27MP resolution, allowing users to cut 9:16 footage for TikTok, 1:1 clip for Instagram, and 16:9…

The European Union (EU) made available a set of documents relating to an implementation action plan for the European Green Deal and the REPowerEU Plan, both of which aim to reduce energy consumption through digitizing the energy industry. Crypto miners and many other energy consumers are targets for European energy planners.

Energy demand for cryptocurrency mining has doubled over the past two years, according to a communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee, and the Committee of the Regions.

Energy prices have been soaring, and the energy demand in Europe has gone exponentially high over the past few months. In light of the above, the European Commission, the…

Wednesday saw the release of Meta's earnings, and as of today, the stock is down about 14%, trading at $130 per share. The stock has already lost seven years of gains and is down 73% from its all-time highs in 2021 because the company hasn't moved in this range since 2015.

After-hours trading saw a 19% decline in Meta shares as the largest social media platform in the world joined other Big Tech companies in warning that the economic downturn was hurting their advertising businesses because companies were spending less on marketing.

Compared to analysts' projections of $32.2 billion in revenue for the current quarter, Meta said it anticipated revenue to be in the range of $30 billion to $32.5 billion. According to S&P Capital IQ, net…

Lung cancer is the second most common cancer worldwide. According to World Health Organization, in 2020, more than 2.2 million new cases of lung cancer were registered across the globe and accounted for around 10 million deaths.

The standard treatment known for lung cancer is radiation therapy or radiotherapy. It is estimated that more than 60% of lung cancer patients undergo radiotherapy at least once. According to medical experts, planning radiation therapy is a time-consuming and manual process that requires highly skilled resources to target the malignant tumors on Computed Tomography (CT) scans. Thus, to improve the function of radiotherapy, a team of scientists from Brigham and Women’s Hospital, Massachusetts, US, developed a deep…

Chemical industry giants BASF and THOR GmbH have recently combined their expertise in non-halogenated flame retardant additives to provide their customers with an inclusive solution that will enhance the sustainability and performance of specific plastic compounds, which will also meet stringent fire safety requirements. Flame retardant is an essential element for plastic components or composites, commonly used in transportation, construction, household, and industrial applications. Accidental heat and flame exposure can lead to severe damage and endanger lives. This has shown increased demand from the global construction and automotive industry combined with stricter fire safety standards. The experts at THOR and BASF in the plastic…

The Minnesota Timberwolves and Levy Restaurants recently announced new food and beverage offerings at Target Center beginning with the 2022–23 Timberwolves season. In collaboration with Levy Restaurants, Timberwolves and Lynx Executive Chef David Fhima leads the industry-recognized program. The arena's premium and concession menus offer customers several new dining options for the upcoming season, including Wicked Kitchen and El Burrito Mercado, classic fan favorites, and a brand-new premium wine program.

An utterly plant-based menu is available at Wicked Kitchen, which has a variety of sandwiches and desserts such as the Grilled Chorizo Brat with spicy harissa mayo, sautéed peppers and onions, and crisp shaved lettuce on a sub bread. The…

The industrial insulation sector is experiencing a wave of partnerships, investments, and upgrades to boost energy efficiency and lower carbon emissions. According to the European Green Deal, existing structures need to be updated with a similar mindset for new ones to be more climate/environmentally friendly. Major Industrial Insulation companies have taken positive steps towards the directives and goals, with most developments promoting energy efficiency & emission reductions.

Knauf Group recently announced that it would invest 135 million euros in upgrading its glass wool insulation factory in Târnaveni, Romania. This project will support Romania's government's "energy savings offensive" effort by updating the country's residential and…

The multifaceted subject of the recession has far-reaching ramifications for almost every single corporate or sovereign body on Earth will be different this time. It will ultimately test how economies function in this post-pandemic era.

To figure this out, one has to remember the macroeconomic trends since the beginning of 2020. The COVID-19 pandemic gravely impacted the global trade of everything except digital businesses such as gaming and online entertainment.

According to one of the global leaders in audience measurement, Nielsen's 2020 report, video gaming was at an all-time high, with 82% of global consumers playing video games and watching video game content during the height of the COVID-19 pandemic lockdowns. The report says that…

According to a domestic rating agency, ICRA, a sharp rise in commodity prices and increasing competition will hurt the building industry's profitability. due to the significant increase in the prices of essential commodities, particularly steel, bitumen, and cement, the industry is struggling with pressure on input costs.

ICRA stated that "sharp increases in commodity costs, coupled with increased competition, will have a detrimental impact on industry profitability, with a projected drop in operating profitability of 100-200 basis points in the current year."

If maintained, a high increase in commodity prices seen in FY22 could lower participants' profitability in the current fiscal year by 100 to 200 basis points.

Moreover, the…

The markets are responding to the news of Rishi Sunak being the next prime minister of the UK after Liz Truss' 44 historic days in office. The markets have already stabilized on the belief that Sunak might be able to repair the UK's finances.

Mr. Johnson, who only recently resigned as prime minister, asserted that he had enough support to run but conceded that this was "not the right time." Sunak will take office at a time when Ex-PM Liz Truss' mini budget exacerbated an economic crisis and put pressure on public finances. Truss tweeted to congratulate him and offer her "full support" post the announcement.

His rival Penny Mordaunt withdrew after her inability to garner enough support from MPs. In his opening remarks, Mr. Sunak declared…

Indian companies in the specialty chemicals sector report a robust double-digit gain in earnings YoY due to better realizations and rising sales volumes.

In Q2FY23, according to analysts at ICICI Securities, sales would increase 19.3% year over year (YoY) and decreased 0.6% sequentially, partly because of an increase in pricing brought on by an increase in input costs. Gross product will probably increase by 22.7% YoY and decrease by 1.4% sequentially, primarily because of seasonality, indicating a significant underlying trend Analyst forecasts predict a 16.5% YoY increase in net profits.

The unrest in the European chemical markets has increased the focus on specialty chemical firms. European manufacturers have been impacted by higher…

On Thursday, Liz Truss announced her resignation as the Prime Minister of U.K, making her the shortest-serving PM in British history. In a speech delivered outside 10 Downing Street, Truss said she would be in office until a new successor is chosen.  

Liz's time as prime minister ran just 45 days, and she declared that the conservative party would elect a new leader the following week. In the last six years, Truss is the fourth Conservative prime minister to quit.

Her resignation deepens the unrest that has gripped Britain since it left the European Union and placed the country's government in a precarious position as it tackles problems of cost-of-living problem and fears of recession.

Truss might be remembered for how tenuous her hold…

U.S. industrial production rose by 0.4 percent in September because of higher manufacturing output, especially in the auto industry, and the easing of supply-chain constraints. A report issued by the U.S. Federal Reserve revealed that the utility index decreased by 0.4 percent while the mining index increased by 0.6 percent.

Total industrial production in September increased by 5.3 percent from the same month last year, or 105.2% of its 2017 average. In September, capacity utilization increased by 0.2 percentage points to 80.3 percent, 0.7 percenta.ge points higher than the long-term (1972–2021) average.

According to the Federal Reserve, mining output increased by 0.6% thanks to increased oil and gas extraction. Manufacturing capacity…