Announcement shows USDOT’s commitment to advancing next-generation transportation technology
WASHINGTON, July 24 (Bernama-GLOBE NEWSWIRE) -- Today, US Department of Transportation (USDOT) Secretary Elaine Chao and the Non-Traditional and Emerging Transportation Technology (NETT) Council unveiled the guidance document on a clear regulatory framework for hyperloop in the United States. “This guidance bridges the gap between innovator and regulator, prioritizes safety during development without hampering innovation, and promotes mutual awareness between industry and government,” said Secretary Elaine Chao during the live-streamed event. The regulatory guidance document for hyperloop is the first of its kind in the world, further proving that the US intends to be the leader in the industry. “Hyperloop offers a truly unique opportunity to lead the world in 21st century transportation,” said Sir Richard Branson, Founder of the Virgin Group. “It takes strong vision to break away from the inertia of the status quo and embrace these opportunities. The announcement today will help lay the groundwork for the United States to take that leadership.“ Virgin Hyperloop has been working closely with the NETT Council over the last year and a half, since its creation in March 2019, to advance its technology and ensure that they are able to deploy hyperloop safely and quickly. This historic announcement not only provides a pathway for hyperloop regulation and deployment in the US, but also establishes hyperloop’s eligibility for federal funding for projects. “We have determined that these hyperloop projects are just as eligible for grant as any maglev or magnetic levitation project,” said Finch Fulton, Deputy Assistant Secretary for Transportation Policy during the live-streamed event. “This includes the Federal Railroad Administration Consolidated Rail Infrastructure and Safety Improvements (CRISI) Program, the Office of the Secretary BUILD and INFRA grants, and programs of that sort. This also means that they would be eligible for some of the Department’s loan and lending programs.” “Secretary Chao and the NETT Council are working at an unprecedented speed to ensure that the United States is at the forefront of hyperloop development,” said Jay Walder, CEO of Virgin Hyperloop. “It’s clear that the USDOT shares our vision for infrastructure development as a way for the country to not just rebuild, but evolve as we emerge from this crisis.” As an entirely new category of transportation, hyperloop will unlock exponential growth opportunities for cross-industry manufacturing and development jobs - across construction, aerospace, rail, automotive, aviation, electric vehicles, and autonomous control. Last month, Virgin Hyperloop announced a partnership with Spirit AeroSystems, one of the world’s largest aerospace manufacturers. Spirit AeroSystems engineers, fabricators, builders, supply chain and certification experts, and technicians will leverage relevant aerospace industry expertise to produce the hyperloop bogie – a clear example of adjacency opportunities in the sector. About Virgin Hyperloop Virgin Hyperloop is the only company in the world that has successfully tested hyperloop technology at scale, launching the first new mode of mass transportation in over 100 years. The company successfully operated a full-scale hyperloop vehicle using electric propulsion and electromagnetic levitation under near-vacuum conditions, realizing a fundamentally new form of transportation that is faster, safer, cheaper, and more sustainable than existing modes. The company is now working with governments, partners, and investors around the world to make hyperloop a reality in years, not decades. Learn more about Virgin Hyperloop's technology, vision, and ongoing projects here. Media Contacts Ryan Kelly Vice President of Marketing and Communications [email protected] +1 (610) 442-1896 SOURCE: Virgin Hyperloop One http://mrem.bernama.com/viewsm.php?idm=37792
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KUALA LUMPUR, July 24 -- As China’s epidemic continues to improve due to effective domestic prevention and control measures, the tourism industry is gradually recovering in the ancient capital of Xi'an. The Xi'an Municipal People's Government recently announced the full resumption of inter-provincial tourism in the ancient capital. In order to meet the ongoing requirements of COVID-19 prevention and control, measures including limited tourist flows, tour reservations and staggered shifts are now applicable in all scenic spots in Xi'an. According to a statement, the number of tourists will not exceed 50 per cent of the maximum capacity. With immediate effect, more than 570 travel agencies and online tourist operators in Xi'an resumed offering group tours. Beginning July 20, 135 movie theatres have resumed operation. A total of 34 scenic spots will be open to medical personnel for free throughout the year, from Aug 1. Tang Paradise (National 5A Tourist Attraction in China), the Louguantai Ecological Cultural Tourism Resort and over 80 per cent of the city's museums will be also open to public, for free. In July, Xi'an was named one of the top 10 Internet celebrity cities in China. In addition, the night economy of Xi'an has continued to thrive, ranking fourth in China and first in northern China. -- BERNAMA STOCKHOLM & SANTA MONICA, Calif., July 23 (Bernama-BUSINESS WIRE) -- Spotify (NYSE: SPOT), the world’s most popular audio streaming subscription service, and Universal Music Group (UMG), the world leader in music-based entertainment, today announced a new, multi-year global license agreement that further aligns the companies’ efforts to foster groundbreaking new features providing value for artists and great experiences for music fans.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200722005444/en/ With this new agreement, the companies advance their industry-leading partnership, reflecting a shared commitment to music’s continued growth, deeper music discovery experiences and collaboration on new, state-of-the-art marketing campaigns across Spotify’s platform. Additionally, as music’s most innovative company and one of Spotify’s earliest supporters, UMG will deepen its leading role as an early adopter of future products and provide valuable feedback to Spotify’s development team. Daniel Ek, Chairman & CEO of Spotify, said, “From their early experimentation with Marquee, to testing new experiences like Canvas, Universal Music Group has been an important partner in helping to shape the development of our marketing tools. With today’s announcement, we will expand on this level of early stage innovation and further strengthen our partnership and shared vision for helping advance artists at all stages of their careers. We've said all along, the goal of our Marketplace strategy is to harness Spotify’s ability to connect artists with fans on a scale that has never before existed and bring new opportunities to the industry. Together, we look forward to reinvesting in and building new tools and offerings for artists around the world.” Sir Lucian Grainge, Chairman and CEO of Universal Music Group, said, “With this agreement, UMG and Spotify are more aligned than ever in our commitment to ensuring the entire music ecosystem thrives and reaches new audiences around the globe. Given our commitment to innovation and early adoption of music technologies, and Spotify’s leadership in the development of forward-thinking tools, our new partnership will provide our artists with new and powerful opportunities to connect with fans on Spotify’s growing platform. Working together, our teams will expand and accelerate our collaborative efforts to deliver artist-focused initiatives, strategic marketing campaigns and new offerings to provide exciting new experiences for fans worldwide.” About Spotify Technology S.A. Spotify transformed music listening forever when we launched in 2008. Our mission is to unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators. Everything we do is driven by our love for music and podcasts. Discover, manage, and share over 50 million tracks, including more than 1 million podcast titles, for free, or upgrade to Spotify Premium to access exclusive features for music including improved sound quality and an on-demand, offline, and ad-free listening experience. Today, we are the world’s most popular audio streaming subscription service with a community of more than 286 million users, including 130 million Spotify Premium subscribers, across 92 markets. We use our Investors and For the Record websites as well as other social media listed in the “Resources – Social Media” tab of our Investors website to disclose material company information. For more information, images, or to contact the press team, head over to https://newsroom.spotify.com/. About Universal Music Group Universal Music Group (UMG) is the world leader in music-based entertainment, with a broad array of businesses engaged in recorded music, music publishing, merchandising and audiovisual content in more than 60 countries. Featuring the most comprehensive catalog of recordings and songs across every musical genre, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to artistry, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models in order to broaden artistic and commercial opportunities for our artists and create new experiences for fans. Universal Music Group is a Vivendi company. View source version on businesswire.com: https://www.businesswire.com/news/home/20200722005444/en/ Contact Press For Spotify: Chris Macowski [email protected] +1-347-429-3396 For Universal Music Group: Andy Fixmer [email protected] +1-310-865-0132 Source : Spotify Technology S.A. http://mrem.bernama.com/viewsm.php?idm=37789 KUALA LUMPUR, July 22 -- Managed services automation leader, BitTitan, has announced the commercial release of Voleer, a modern IT toolbox designed to centralise and automate IT tasks for more effective management of resources, security and data governance.
With streamlined, one-click automations, Voleer enables IT teams to schedule and automate repetitive tasks, reducing tedious manual methods and boosting time management, according to a statement. “Voleer enables IT professionals to leverage trusted, out-of-the-box tools that run in a unified, secure environment, with unparalleled efficiency that allows companies to realise value sooner,” said BitTitan Founder and Chief Executive Officer, Geeman Yip. Voleer is fully cloud-based and requires no additional deployments or coding for its ready-to-use tools, allowing real-time reporting and alerting that improves business intelligence visualisation, empowering IT teams to better leverage data to inform business decisions. It also allows IT to easily identify compliance and security gaps, as well as monitor cloud usage costs. Voleer further enhances security by enabling activity-based access control, which limits sprawling access to high-risk credentials. Voleer features a growing IT toolbox of automations that deliver functionality such as Microsoft Teams Channel Copy, Targeted Security Notifications, Add User to Group Integrated with On-Premises Active Directory and Zendesk Data Warehouse. Voleer’s out-of-the-box automation supports a range of systems, including Microsoft 365, Microsoft Azure and Zendesk. IT professionals can easily create an account, with available forever free options, and search Voleer’s library for automations. -- BERNAMA KUALA LUMPUR, July 22 -- Malaysia-based Big Data Analytics company, Statworks Group has partnered Automated Insights, a Stats Perform company and the leading Natural Language Generation (NLG) provider, to bring NLG to Singapore and Malaysia.
“Wordsmith generates written analytics, using natural language generation, right beside your BI visualisations notably, Tableau, Spotfire, and PowerBI visualisations,” said group Chief Executive Officer of Statworks, Maheskantha Balasubramaniam. “It’s like having your own personal data analyst navigating you through your dashboards. Combining the power of Tableau with the magic of NLG, creates a custom experience for every dashboard user.” Automated Insights’ flagship NLG product, Wordsmith, transforms business intelligence and data into human-sounding narratives and actionable insights. Meanwhile, Statworks Group has extensive experience in implementing machine learning with AI and business intelligence (BI) deployment across data driven organisations in this region. “Our partnership with Statworks Group gives Automated Insights the opportunity to bring NLG to the Southeast Asia region. Wordsmith will allow BI dashboard users to access a deeper understanding of their data,” said Senior Solutions Architect at Automated Insights, Nick Nelli. With more than 20 years of experience, Statworks Group has fully implemented Big Data Analytics, GIS, and STEM technologies across various industries in the Asian region. -- BERNAMA KUALA LUMPUR, July 22 (Bernama) -- LeapEd Services Sdn Bhd (LeapEd), Malaysia’s first homegrown education service provider and social enterprise, recently rolled- out the Edisi Bahasa Melayu e-book of ‘Coronavirus: Buku untuk Kanak-Kanak’, an easy-to-understand narrative, complemented with illustrations for an engaging read. Understanding the importance in raising awareness amongst Malaysian children on the current COVID-19 pandemic, LeapEd was given the exclusive honour to translate the e-book, as part of its effort to transform the way children learn as well as the way educators teach.
The ‘Coronavirus: Buku untuk Kanak-Kanak’ is available for download here: www.leapedservices.com/coronavirus-book The e-book was originally published in the United Kingdom (UK) by Nosy Crow, an award-winning independent children’s book publisher and illustrated by Axel Scheffler, the internationally-recognised illustrator who made his name through the illustration of ‘The Gruffalo’. Since the launch in the UK in April this year, the e-book was downloaded over a million times, and is available in over 60 languages. Chairperson of LeapEd, Shahnaz Al-Sadat said, “While the nation is well on its course to recovery, the COVID-19 battle is far from over. As we adapt to the new normal, it is fundamental that our children are also equipped with the relevant knowledge and understanding of the virus and how they can do their part to protect themselves and the people around them. The opportunity to translate this book to Bahasa Melayu as well as ensure that the information given are localised was one that we knew would be an important step to reach out to our Malaysian parents and children and encourage open conversations about the virus and living in the new reality.” The efforts to communicate the pandemic does not stop there. A Reading Guide was also introduced by LeapEd to further provide parents with a step-by-step guide to utilise the book most effectively. The Reading Guide includes suggestions on how to read the e-book, trigger conversations with children, questions about the virus and the pandemic as well as encourage children to reflect on the current situation and next steps that they are able to quickly put to practice. Further, in support of this cause, Chairperson of Parent Action Group for Education (PAGE), Datin Noor Azimah Abdul Rahim said, "Kudos to LeapEd to be able to have come up with an easy and friendly step-by-step approach for parents to guide their children on the Coronavirus. It is a simple reading pleasure accompanied by pretty pictures to make learning fun and a reference point for parents and children alike." LeapEd is responsible for the design and delivery of the flagship Trust Schools Programme, a whole school transformation initiative that has impacted over 90 Trust Schools nationwide. In response to the pandemic, LeapEd has introduced various innovative resources to guide and assist educators, parents and students during the various stages of the Movement Control Order. http://bernamamrem.com/viewsm.php?idm=37777 LOS ANGELES, July 22 (Bernama-BUSINESS WIRE) -- OpenGate Capital, a global private equity firm, announced today that it welcomed three new members to its Advisory Board including Mr. Randall Aardema, Mr. Matthew Pearlson, and Mr. Randy Teo. OpenGate’s Advisory Board provides guidance to the firm’s global investment and operations strategies and comprises tenured professionals in the areas of leadership, technology, innovation, finance, and operations.
Andrew Nikou, OpenGate Capital’s Founder and Chief Executive Officer stated, “We are excited to welcome the newest members to our Advisory Board. Randall, Matthew, and Randy are outstanding professionals in their fields and bring a breadth and depth of experience that will leverage our internal team’s efforts to continuously source compelling investment opportunities and drive superior performance across our global portfolio.” The three new advisors lend expertise gained from their experiences with leading organizations across the US and Asia. • Randall Aardema is an operations expert and advises OpenGate’s Operations team on manufacturing and supply chain management across the firm’s North American investments. Aardema is currently the founder and president of the Aarwood Group, a private consulting company helping businesses achieve and sustain operational excellence. • Matthew Pearlson is a technology expert in Industrials, Environmental, and Manufacturing 4.0. He advises OpenGate’s portfolio companies on the application of new technologies and performs due diligence on investment opportunities. Pearlson currently holds positions both as a Research Specialist in the Department of Aeronautics and Astronautics at MIT, and as a General Engineer at the US DOT Volpe National Transportation Systems Center in Cambridge, Massachusetts. • Randy Teo is an operations expert and is advising on OpenGate-related business development efforts in Asia, and operations activities in the region for OpenGate’s portfolio companies. He has extensive experience in operations, M&A, and business development and is currently a Managing Partner at T3each Global Ventures LLP, a family office in Singapore that focuses on both impact investing and funding innovations in health and educational platforms. About OpenGate Capital OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation, and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills to acquire, operate, and grow successful businesses. OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions including corporate carve-outs, management buyouts, special situations, and transactions with private sellers across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com. http://mrem.bernama.com/viewsm.php?idm=37774 "A BITE OF DONGGUAN" BECOMES AN INTERNET HIT IN CHINA, SHOWING HUMAN INTEREST OF THE "WORLD FACTORY"22/7/2020 DONGGUAN, China, July 21, 2020 /Xinhua-AsiaNet/--
Recently, the documentary A Bite of Dongguan is broadcast on the Internet in China, reflecting the Dongguan city's food culture. It was planned by the Information Office of Dongguan Municipality, and produced by China's top food and cultural documentary team. Now, demonstrating the human interest of the "world factory", it has received nearly 100 million reviews and obtained widespread attention. The documentary presents more than 130 kinds of Dongguan's local ingredients and dishes. Through a series of lively characters and stories, it reveals the diverse food culture of the manufacturing city, displays the well-kept tradition during the city's fast development and shows local people's attitude for life. "Dongguan, the world factory, does not abandon its own culture when developing. We hope through food, the local can pay attention to the value of their lifestyle and eating habits, thus find their identity, while the non-local can know Dongguan from another perspective," said Li Jie, the documentary producer. In recent years, Dongguan, as a famous manufacturing city, has attracted attention from the outside world. However, the industrial changes and the continuous migration of industrial workers remain unchanged in overseas news report. Dongguan is considered as a traditional manufacturing city that blindly pursues rapid economic development and urban space expansion, while leaves people no space for a better life quality. The documentary allows people to see the other side of this world factory. "Dongguan not only manufactures products for the world, but also makes delicious food," said Chen Xiaoqing, the chief planner of the documentary and the chief director of the documentary Once Upon a Bite. A Bite of Dongguan is inspired by the city itself and the people filmed in the documentary. People living in the city, whether local or not, have given Dongguan cuisine new features as being traditional, easy-going, embracing and pragmatic. The documentary allows the locals to find their identity. It also functions as a communication platform for Dongguan to improve city image through local cuisine. Chen Xiaoqing said the documentary not just talks about food inheritance, but also about an era: through food, people can see the changes brought by reform and opening up to Dongguan. It has now become a world-famous manufacturing city, attracting people worldwide to come here and gathering flavor from the world. Apart from food, the documentary also unlocks the human interest of a livable Dongguan, revealing a different side of a manufacturing city. In a recent Chinese hot news, Wu Guichun, a migrant worker been working in Dongguan for many years, left a touching message for the Dongguan Library before he was about to leave Dongguan. Later, his message was widely spread on the Internet and people got moved by his love for reading and attachment to Dongguan. Soon the local government helped him find a new job. The story, with a happy ending, fully demonstrates the inclusiveness and kindness of the city. Last year, Dongguan produced its first documentary "The Era of Manufacturing". The first episode "The Marvelous Workmen" is about local industrial workers' struggling stories, also showing the city's inclusiveness. Food is basic to life. As the movie subject close to life with the widest audience, food can easily arouse common interest and attention. Now, A Bite of Dongguan has started to be released overseas. It is hoped that more people in the world can fall in love with Chinese cuisine and understand Dongguan through food. Source: The Information Office of Dongguan Municipality --BERNAMA KUALA LUMPUR, July 20 -- Tokyo, Japan is the home of Cloudflare Inc newest Asia-Pacific (APAC) office, assisting the company to grow brand awareness, support customers and recruit new talent.
In a statement, Cloudflare also announced Masa Aoba, a seasoned technology executive with over three decades experience in the IT industry, overseeing and leading sales and activities in Japan. Cloudflare first invested in Japan nearly a decade ago, expanding its network into Tokyo in 2010, just months after launching. The company later expanded its network into Osaka in 2015, and today Cloudflare’s network spans 33 cities across the APAC region. Cloudflare is planning further expansion in the region as it continues to grow its network beyond 200 cities globally. “Our new facility and team in Tokyo present a unique opportunity to be closer to our customers, and help even more businesses and users experience a better Internet across Japan and throughout the world,” said Cloudflare co-founder and CEO, Matthew Prince. Last year, Cloudflare grew its APAC team by 63 per cent. Today, Cloudflare has more than 180 employees in APAC. -- BERNAMA HONG KONG, July 20 (Bernama-BUSINESS WIRE) -- Guotai Junan International Holdings Limited (“Guotai Junan International”, “GTJAI”, the “Company” or “Group”, stock code: 1788.HK) is pleased to announce that the Company has won three “Excellence Awards” (Ranked 1st) from “Financial Institution Awards 2020” held by the Bloomberg Businessweek, in aspects of FICC services, Initial Public Offerings (IPO) Sponsorship and Risk Management. This is the Group’s 4th consecutive year receiving several awards. The Group has always been growing with corporates and financial institution clients and offering quality investment banking services and solutions. Its solid risk management has won recognitions among the industry.
Fixed income (“FICC”) services continued to reach record highs, gaining a reputation among industry and market participants Being one of the Group’s rapidly developing businesses, the FICC division’s bond underwriting (also known as “debt capital market”) business began in 2012. With the team's accurate control of the bond market trends, highly efficient execution capabilities, prudent selection of projects and diversified distribution channels, the Group’s fixed income business gains a high reputation in the industry and among market participants. As at the end of 2019, the Group has participated in 528 bond issue projects, playing the role of major underwriter for nearly 70% of them. The team ranked No.2 in Asia (ex-Japan) G3 high-yield bond underwriter league table in term of number of deals. Corporate finance team seized opportunities to introduce quality cornerstone investors In 2019, the Group’s corporate finance team secured its presence in major sectors including energy, real estate, property management and finance and completed 8 IPO sponsorship projects. According to Dealogic’s data, the Group was ranked 4th in the market in terms of the number of IPO sponsorship projects. In July 2020, the Group successfully assisted Financial Street Property Co., Limited (stock code: 1502.HK) in its listing on the Mainboard of the Stock Exchange of Hong Kong, playing major roles including sole sponsor, sole global coordinator, joint bookrunner and joint lead manager, introducing several high quality institutional investors to the issuer and locking up quality cornerstone investors. Risk management forges foundation for the Group’s long-term development In 2016, the Group introduced the development philosophy of “Risk Management Creates Value” ahead of its Hong Kong peers, advocating earning growth indicators including risk-adjusted return on capital. In 2019, Sino-US trade conflict and social unrest in Hong Kong have brought constant impact on the financial market. Under prudent risk management, the Group increased the provision for financial assets for fiscal year 2019 to better cope with the potential risks in the future in a forward-looking perspective, optimizing asset quality and greatly strengthening the Group’s anti-risks capability under volatile market conditions. Currently, Guotai Junan International is rated Baa2/Prime-2 and BBB+/A-2 long term issuer by Moody’s and S&P respectively. Winner list of “Financial Institution Awards 2020” held by the Bloomberg Businessweek: http://www.bbwhkevent.com/ About Guotai Junan International Holdings Limited (1788.HK) Guotai Junan International is the market leader and first mover for internationalization of Chinese Securities Company. The Company is the first Chinese securities broker to list on the Main Board of The Hong Kong Stock Exchange by way of initial public offering. Based in Hong Kong, the Company provides diversified integrated financial services. The core services include: wealth management, investment banking, loans and financing, asset management and financial products. The Company is one of the constituents of HSCI, Hang Seng Composite LargeCap & MidCap Index, FTSE HK index, FTSE HK ex H share index and FTSE4Good index. Guotai Junan International has been assigned “Baa2 / Prime-2” and “BBB+ / A-2” long-term issuer rating from Moody and Standard & Poor respectively. The controlling shareholder, Guotai Junan Securities Company Limited (Stock Code: 601211.SS; 2611.HK), is the comprehensive financial provider with a long-term, sustainable and overall leading position in the Chinese securities industry. Backed by strong operational support, the Company will be able to further explore the HK and the Asia-Pacific market, aiming to become an important financial institution with market influence in the region. For more information about Guotai Junan International:
View source version on businesswire.com: https://www.businesswire.com/news/home/20200720005239/en/ Contact Guotai Junan International Holdings Limited Jason Yan and Steven Chen Tel: 2509 5487, 2509 2604 Source : Guotai Junan International Holdings Limited |
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