On Thursday, the Bank of England (BoE) announced the most significant hike in the interest rate and warned about the impending recession the country will face within the upcoming two years. With rising food and energy prices, the most recent rate increase reflects aggressive rate tightening by central banks worldwide.

“It is a tough road ahead”, BoE governor Andrew Bailey remarked during a press briefing. He continued, “it was lifting borrowing costs by 0.75 percentage points to three percent -- the highest level since the 2008 global financial crisis -- to cool UK inflation that it sees shortly peaking at a four-decade high near 11 percent”.

As a result of central bank rate hikes, retail lenders are raising interest rates on their loans…

Nestle Health Science’s probiotics brand, Garden of Life, has launched two new probiotics targeted at kids’ growth and immune health. The product has been launched in China to capture the kid segment further. The product, which comes in solid beverage forms, is widely sold in general stores throughout the country. Besides, probiotics are tiny delicate microorganisms that cannot survive in complex environments. The newly developed coated probiotic helps fight harsh environments and is the best supplement. The ultimate benefits of these probiotics have been recognized by Nestle, which has acquired a larger share in the segment. For decades, the company has been focusing on the probiotic market and has launched multiple products in the global…

Danish-Swedish company Arla Foods Ingredients (ARI) has developed a plug-and-play solution to help manufacturers create indulgent bars with high protein content in every layer. ARI develops and manufactures whey-based ingredients in various industries, including bakery products, drinks, and dairy, as well as clinical, infant, and sports nutrition. In addition, the company manufactures child nutrition solutions for other companies.

According to the company, the plug-and-play system will enable producers to "build delicious bars with high-protein content in every layer." The novel formula contains premium whey and milk protein components from the Lacprodan category of the corporation. Affluent chocolate mass ensures that the flavor and…

UK battery start-up company Britishvolt is on the verge of to become insolvent, jeopardizing roughly 300 jobs. The company wanted to build a factory in Northumberland to produce batteries for electric vehicles with the support of politicians. As a result of the project’s forced delay and the lack of revenue, the company is now rushing to find additional funding to remain operating.

The UK government promised the business 100 million pounds in January to assist in luring in more investors for its gigafactory in Blyth, Northeastern England. The ministers reportedly withdrew the lifeline after realizing that the money will be used for ongoing operations, according to the BBC.

Britishvolt’s under-construction factory was expected to generate…

Oil is just one of the energy sources in the Middle East region. The geography is blessed with the ability to boost the renewable energy sources to diversify the energy mix of the world. It’s not just US and the West on their way to become green energy market leaders. The Middle East nations are turning out to be one of the most significant hubs for renewable energy globally. Here is a quick review of the major renewable energy initiatives taking place in the Middle East.

1. Al Dhafra Solar Project in Abu Dabhi, UAE: The Al Dhafra Solar Project, a 2GW photovoltaic (PV) independent power producer (IPP) project, will be located in the United Arab Emirates, around 35 km south of Abu Dabhi. The project is scheduled for commissioning at the end…

In August 2022, Keysight Technologies, Inc. announced that it is extending its collaboration with Synopsys by integrating PathWave RFIC Design (GoldenGate) with Synopsys Custom Compiler design environment and Synopsys PrimeSim circuit simulation solutions. As a result, designers will be able to validate complex radio frequency (RF) and millimeter wave design requirements for 5G/6G system-on-chip (SoC) and subsystem designs in Synopsys Custom Design.

The complexity of the design requirements for radio frequency integrated circuits (RFICs) used in wireless data transmissions, such as transceivers and RF front-end components, continues to rise. Among the capabilities of next-generation wireless systems are higher bandwidth, increased device…

Elon Musk, the richest man in the world, is now the Chief New Twit; he has finalized the US$44 billion transaction to buy out Twitter and take the company private. He intends to make the platform into a super app like We Chat that can be used for payments, communication, and entertainment. Musk fired the CEO, CFO, and General Secretary on his first day in charge of Twitter, revealing his intentions to reduce the workforce.

He pledged to build a Digital Town Square and a reputable advertising platform, as well as to restore all users who had been banned, including former US President Donald Trump. Speaking about Trump, Elon said that he would remain on Truth Social; the platform he formed after his Twitter account was deactivated. 

Musk…

Disney has announced that they are creating their very own Metaverse. Walt Disney Co.'s CEO, Bob Chapek, recently unveiled the company's plans to enhance storytelling for the next 100 years by implementing blockchain technology and the Metaverse. Disney is one of the largest companies in the entire world and owns some of the most iconic characters and Intellectual Property, such as Star Wars, Marvel, and Pixar, amongst many others.

It has also been recently reported that the company is looking to engage an experienced corporate attorney to work on developing technologies like non-fungible tokens (NFTs) and the Metaverse in what appears to be an effort to enter the Web 3.0.

According to a job posting on the Disney careers website, the…

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…