Author: bibhuti

Fisker, the California-based EV startup, cut its annual production guidance in an effort to free up $300 million in working capital, the company said in a business update Friday. Fisker said it expects to produce about 10,000 vehicles this year. The decision comes less than a month since Fisker cut its production target to between 13,000 and 17,000 vehicles for 2023. The production guidance is just a quarter of Fisker’s bullish forecast from a year ago. In November 2022, Fisker said it planned to produce 42,400 Ocean SUVs by the end of 2023 due to strong demand in the U.S.…

The new partnerships enabling the launch of innovations in Switzerland were officially announced. “We connect established players and emerging entrepreneurs. Since the Kickstart’s inception in 2016, we’ve successfully initiated more than 310 innovation deals and our alumni raised over 2.5 billion Swiss Francs of investments,” reports Katka Letzing, Co-Founder and CEO of Kickstart Innovation. Swiss companies and institutions such as AXA, Coop, Swisscom, La Mobilière, PostFinance, Sanitas, the City of Zurich, the Canton of Vaud, MSD are seeking innovative solutions through Kickstart to further advance their business models. “Startups encourage us to question our own approaches and to experiment with…

El Salvador President Nayib Bukele, who was behind legislation recognizing Bitcoin (BTC) as legal tender in the country, has stepped down from office to campaign.On Dec. 1, Bukele resigned as the President of El Salvador following approval from the country’s Legislative Assembly, allowing him to take a leave of absence to focus on his 2024 re-election campaign. He was succeeded by Acting President Claudia Rodríguez de Guevara, who is expected to serve until June 2024. The next general election will take place in February 2024.“Current state of democracy in El Salvador: the office of the President of the Republic will…

All credible pathways for achieving global carbon neutrality by mid-century depend on massively scaling up wind, solar, hydroelectric and other renewable energies, such as biomass. More than 110 countries want the COP28 climate negotiations to adopt a goal of tripling renewable energy and doubling energy efficiency by 2030, European Commission President Ursula von der Leyen said Friday. The European Union first appealed for the new target earlier this year, and the cause has since been taken up by COP28 hosts the United Arab Emirates, then the G7 and G20 groups of nations. G20 nations alone account for nearly 80 percent…

A jury concluded that Jessie Eastland Seares died as a result of misadventure when she tied a ligature around her neck while at Mill View Hospital in Hove. The 19-year-old was found by staff during an hourly observation in the early hours of May 17, 2022. Despite a doctor and paramedics performing CPR Jessie, from Saltdean, was pronounced dead at the scene. The jury said there were systemic failures in health and social care. Senior coroner Penelope Schofield said provision to support autistic people in the community was lacking nationally and she “feared” more lives could be lost. She said…

Location : The M61 northbound between junctions J4 and J5 . Reason : Congestion. Status : Currently Active. Return To Normal : Normal traffic conditions are expected between 23:30 and 23:45 on 1 December 2023. Delay : There are currently delays of 10 minutes against expected traffic. Source link

Image Credit: via Dong Lei Dong Lei was the obvious choice for Oxlade and Camila Cabello’s new music video, Ku Lo Sa. The experienced production designer was able to take challenges like tight timing and location constraints and turn them into an immensely popular video. Lei was excited to bring his vision of oriental minimalism to the video, which was all about blending cultures from around the world. Oxlade’s original version of Ku Lo Sa became a hit for the Nigerian artist. His team decided to open up the Afrobeat song to the Latino and American markets by creating a…

Genetic testing company 23andMe announced on Friday that hackers accessed around 14,000 customer accounts in the company’s recent data breach. In a new filing with the U.S. Securities and Exchange Commission published Friday, the company said that, based on its investigation into the incident, it had determined that hackers had accessed 0.1% of its customer base. According to the company’s most recent annual earnings report, 23andMe has “more than 14 million customers worldwide,” which means 0.1% is around 14,000. But the company also said that by accessing those accounts, the hackers were also able to access “a significant number of…

This fund, approved by the European Investment Fund, Enterprise Ireland and NTMA Ireland Strategic Investment Fund, will be used to seed and advise Irish early-stage breakthrough companies operating in sustainability and climate tech with sectoral focus on energy, agriculture, mobility, construction, smart consumerism, and resource management. This comes at a time of climate and biodiversity crisis, when investment in climate and nature friendly, high impact, and innovative companies is crucial for sustainable development globally. With an ever-evolving technology development ecosystem to build from, Irish businesses can play a key role in carbon reduction. Therefore, cultivating and scaling sustainability startups is…

Bull runs are like wildfires: they need a combination of conditions to get started.A wildfire needs a long period of no rain, high temperatures and then high winds at the point of ignition. Yes – wildfires have been exacerbated by record methane emissions that Bitcoin helps mitigate, but that’s not what this article’s about: this time it’s just an analogy. Halvings cause a drying up of new supply of Bitcoin (no rain). They draw increased interest in timing Bitcoin market entry (high temperature). But they also need high winds and an ignition event. That high wind is the winds of…