Friday, October 7, 2022

Innovative edtech HEX launches first international program in two years

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Following a two-year hiatus of international travel and study programs, edtech company HEX has launched its first global immersive program for startup founders and students since the pandemic, designed to guide new and early-stage ideas to make them a reality. The two-week hands-on program called Endeavour Singapore – from 2-16 July – will take place in the emerging Asian startup hub of Singapore, which has overtaken Silicon Valley as the number one place for startup talent and is home to over 3800 tech-enabled startups.

Smiths Detection to supply security screening equipment to ICN Airport

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Smiths Detection, a company in security screening tech, announces that it has been awarded a contract through their local partner, Donggok Precision Co., Ltd, to supply leading-edge passenger baggage screening equipment at Incheon International Airport’s (ICN) Terminal 1. Following a successful trial period, Smiths Detection will be providing ten HI-SCAN 6040 CTiX scanners, which use Computed Tomography (CT) technology to generate 3D images that deliver a very high level of detection and low false alarm rates.

APAC’s IT, business services market up in Q1 but growth remains uneven

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Asia Pacific’s IT and business services market grew by 28 percent in the first quarter, but demand slowed dramatically from a record fourth quarter as the region continues to produce uneven results, according to the latest state-of-the-industry report from Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

Improbable gets $150m to create M², a metaverse network and ecosystem

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Improbable, the UK-based metaverse technology company, announced that it has raised US$150 million in funding to establish and develop M² (MSquared), a network of interoperable Web3 metaverses powered by its Morpheus technology. The global metaverse revenue opportunity is expected to be worth $800bn by 2024, according to Bloomberg Intelligence, and has seen heavy investment in recent months.

New educational carbon accounting glossary launched by Normative

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Normative, the first carbon accounting engine, has unveiled a Carbon Glossary, which collects carbon accounting’s most common terms, abbreviations, and frameworks in one place. Carbon accounting is a relatively new field, and one that is rife with jargon. The Carbon Glossary helps people decode its most frequently-used concepts, whether they are new to the area or they are veterans looking to brush up on their knowledge.

Medline International to acquire medical products supplier ASID BONZ

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Medline International B.V., a manufacturer of healthcare supplies in Europe, and Medi-Globe Group, headquartered in Germany, announced that Medline has entered into a definitive agreement to acquire 100% of shares of ASID BONZ GmbH from Medi-Globe Group. ASID BONZ is a leading supplier to hospitals in Germany, offering high-quality surgery, anesthesia, ward-supply and urology products. ASID BONZ was founded in 1811 and is known worldwide for the development of the first anesthetic ether. In 2021, ASID BONZ recorded over 30million Euros in revenues and served over 1100 hospitals in Germany.

Fidel API raises $65m to enable the future of programmable money

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Fidel API, a global financial infrastructure platform, announced it has raised $65m in Series B funding. The round was led by Bain Capital Ventures, with participation from investors NYCA Partners, QED Investors and more. It brings Fidel API’s total funding to $88m since inception. Fidel API enables developers to create programmable experiences that enhance the value of using and accepting payment cards.

The effects of the Russia-Ukraine conflict on the financial markets

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It’s fair to say that the global political and economic landscape has shifted in recent weeks due to the war between Russia and Ukraine. Since last month’s 'special military operation’ first took hold – perhaps marking the largest land war since 1940 – it would be fair to assume that the financial markets would have been heavily impacted by the conflict. In reality, it is not always possible to predict how war will impact the world, let alone the stock markets. If we look back at other moments of conflict in recent history, examples show that the markets remain relatively composed in response to geopolitical events.

Gupshup acquires Active.Ai, a conversational AI platform for fintech

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Gupshup, a company in conversational engagement, announced the acquisition of Active.Ai, a Conversational AI platform used by banks and Fintech firms. The acquisition strengthens Gupshup’s customer experience (CX) solutions for BFSI customers. Headquartered in Singapore, Active.Ai serves BFSI clients across 43 countries with a Conversational Banking as a Service (CBaaS) platform that helps clients engage millions of consumers. It has enabled over 300 million interactions via voice, video and messaging, managed over 30 million requests and fulfilled 50 million enquiries, with 95% accuracy.

STACK Infrastructure announces senior leadership hires for EMEA

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STACK Infrastructure, the digital infrastructure partner to the world’s most innovative companies, today announced that it has appointed two experienced data center industry professionals to its EMEA leadership team. John Eland has joined as Chief Executive Officer, STACK EMEA and Adam Tamburini has joined as Chief Hyperscale Officer, STACK EMEA.