The State Department approved a potential Foreign Military Sale of $4.92 billion in Boeing [BA] E-7 Wedgetail Airborne Early Warning and Control Aircraft to South Korea. The Defense Security Cooperation […]

The Marine Corps has awarded Norway’s Kongsberg Defence & Aerospace a contract worth up to $329 million to build medium caliber remotely-operated weapon systems for the turreted variant of the […]

The Army has awarded Repkon USA a contract worth up to $435 million to build a new TNT production facility in Graham, Kentucky, the service said on Friday. The contract […]

Vatn Systems, a startup developing autonomous underwater vehicles (AUVs) for U.S. and allied military customers, on Tuesday said it has raised $13 million in seed funding to further expand its […]

Indian conglomerate JSW Group will invest $90 million in U.S. startup Shield AI over the next two years to license and manufacture the small company’s V-BAT unmanned aircraft system (UAS) […]

The Navy on Nov. 8 awarded Textron Systems [TXT] a $394 million modification to build nine more Ship to Shore Connectors (SSC) hovercraft. The SSCs are 100-class Landing Craft Air […]

Firefly Aerospace has raised $175 million in new venture capital that will help it boost production of a multi-mission orbital vehicle and its small lift rocket, and accelerate hardware qualification […]

This market is anticipated to grow with 5.9 percent compound annual growth rate during the forecast time period. Surge in the use of energy-efficient devices is expected to drive the growth of the global HVAC system market.

The selected projects, which have not been finalized, would be the first awards coming out of DOE’s use of the Defense Production Act (DPA) to increase domestic production of five clean energy technologies, including electric heat pumps.

Mid-City Supply invested $1.6 million in the renovation of its Michigan City, Indiana, location, expanding the new building to 18,600 square feet from its original 10,500 square feet, the company said.

ABB is accelerating its growth strategy in the U.S. by investing approximately $170 million and creating highly skilled jobs in manufacturing, innovation, and distribution operations.

A new report, “Global Construction 2030,” forecasts that the volume of construction output will grow by 85 percent to $15.5 trillion worldwide by 2030, with three countries — China, the U.S., and India — leading the way and accounting for 57 percent of all global growth.

Poughkeepsie, New York - Dandelion, a geothermal company that started at “X” at Google’s parent company Alphabet, announced its newest installation partner: American Heating and Cooling.

Under these orders, AAON will provide a custom-designed thermal management system supporting a liquid cooling deployment for the customer's data centers.

Researchers say the fossil is a distant relative of our modern-day spiders.

Severe weather is the single leading cause of power outages in the United States. Outages caused by severe weather such as thunderstorms, hurricanes and blizzards account for 58 percent of outages observed since 2002 and 87 percent of outages affecting... Read more

The post Billion Dollar Storms vs U.S. Electric Grid appeared first on EEP - Electrical Engineering Portal.

On 30 July 2023 a one million tonne rock slope collapse occurred close to Bisisthal in Switzerland. It was captured on several videos, which show the initial pillar collapses and the transition to a rapid rock avalanche.

Drug-producing industries are expected to continue to operate at normal or near normal capacities despite the COVID-19 pandemic.

The acquisition will reportedly complement PepsiCo's portfolio with the addition of an authentic, Mexican-American brand, while also growing its better-for-you food offerings.

Based on the new State of the Industry U.S. Packaging Machinery Report infographic by PMMI, The Association for Packaging and Processing Technologies, domestic shipments of packaging machinery is forecast to grow at a nearly 4% CAGR through 2024.

Beontag is set to invest more than USD $60 million in equipment, machinery, and tenant improvements over the next two years to bring this manufacturing facility to the highest international operational standards that the company is known for around the world.

The site, which was announced in November last year, marks another step in a whirlwind 2024 for the expanding global company, which has just celebrated its 40th anniversary. 

The market growth is facilitated by increasing shift from traditional foods toward gourmet options, prompting brands to offer innovative products.

Rising labor prices and demand for supply chain integration are among factors behind the growth.

Ardagh Metal Packaging and Crown Holdings finance AI and robotic technology for a California recycling facility with a 50% revenue share.

Eviosys is a leading global supplier of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging to preserve the products of hundreds of consumer brands.  

The plan includes four core strategies intended to create better earnings for groups involved in the meat and poultry supply chain.

Jambo, a leading builder of web3 mobile infrastructure, today announced its partnership with Lif3, the revolutionary omni-chain DeFi Layer-1 ecosystem, to offer millions of Jambo phone users in over 120 countries, with easier access to peer-to-peer crypto payments through the Lif3 mobile app.

Founded by serial entrepreneur and web3 investor Harry Yeh, Lif3’s strategic collaboration merges its innovative DeFi ecosystem with Jambo’s expertise in mobile technology tailored for emerging economies, facilitating developing countries’ access to the world’s financial market.

Emerging markets face unique challenges that require innovative solutions for real problems. In regions like Africa, where 57% of the ~1.5bn population remains unbanked and 50% without access to a smartphone, the collaboration between Jambo and Lif3 is designed to address these issues by providing secure, user-friendly access to real-time crypto payments.

This initiative will empower millions by facilitating enhanced connectivity, improved security, and streamlined access to digital financial services. Additionally, the Lif3 mobile app will be pre-installed on the JamboPhone, complemented by quests and educational programs to help users familiarize themselves with the new technology while earning rewards.

Speaking about the partnership, Harry Yeh, Managing Director of Quantum FinTech Group, said, “Lif3 is committed to unlocking financial opportunities for everyone, everywhere. By partnering with Jambo, we’re simplifying access to decentralized financial solutions, including crypto payments and AI-integrated solutions. This is a pivotal step toward bridging economic gaps and transforming lives in emerging markets.” Adding to this, James Zhang, co-founder of Jambo said, “In many regions across emerging markets, an entire family shares one smartphone and a family member can only use it for a few hours a day. Owning a JamboPhone opens up new possibilities–like discovering a new life. By embedding Lif3 directly within the Jambo ecosystem, we're making it easier than ever for users in emerging markets to safely and efficiently engage with the digital economy. The integration of Lif3 into the JamboPhone is a game-changer for crypto payments, opening new pathways to economic participation that were previously unimaginable.”

The partnership will feature pre-installed Lif3 apps on all JamboPhones globally, allowing users to get their crypto wallet instantaneously and engage in a host of DeFi features integrated within the Lif3 ecosystem. The initiative also plans to include educational programs to assist new users in navigating the web3 space safely and becoming savvy digital citizens.

The Jambo and Lif3 collaboration not only enhances access to digital technologies but also paves the way for financial inclusion in regions where traditional banking has been out of reach. This initiative directly targets the gap in financial services, aiming to bring the unbanked into the economic fold and ignite economic growth from the ground up.

About Jambo

Jambo (https://jambophone.xyz/) – The Most Globally Distributed DePIN Smartphone. Jambo's vision is to bring emerging markets on-chain through building the largest web3 mobile infrastructure network. Jambo is backed by investors globally, including Paradigm, Tiger Global, Pantera, Delphi and more.

Jambo is onboarding the next billion users to web3 with the JamboPhone 2, a premiere web3 Android smartphone starting at only $99 preloaded with the world of web3 at their fingertips. The Jambo Ecosystem is preinstalled on the phone and features web3 mobile games, wallets, payment infrastructure, and more.

About Lif3

Lif3.com is revolutionizing the blockchain industry with its omni-chain DeFi ecosystem and curated Layer-1 blockchain. The self-custody Lif3 Wallet, available on the App Store and Google Play, empowers users by unlocking the full potential of Web3, transforming consumer DeFi, Gaming, iGaming, music, entertainment, and more. $LIF3 is currently listed on Bitfinex, Bitmart, and MEXC.

About Quantum Fintech Group

Quantum Fintech Group is a private investment group founded in 2020, and is focused on providing superior returns in the alternative asset space focusing specifically on blockchain investments.

The National Association of Broadcasters’ (NAB) innovation arm - PILOT - released the final report from its First-Party Data Direct-to-Consumer Accelerator. The report details a six-month long study on direct-to-consumer data strategies for broadcasters.

US President-elect Donald Trump has named Elon Musk to a role aimed at creating a more efficient government, handing even more influence to the world’s richest man who donated millions of dollars to helping Trump get elected.

Communist China solar CEO admits to buying US politicians and lobbyists. Longi’s chairman, Zhong Baoshen: “We paid billions in tuition fees to learn how to navigate U.S. politics.”https://t.co/KoZ96WQJUF pic.twitter.com/4ao1bXkVQI — Steve Milloy (@JunkScience) November 5, 2024 https://www.wsj.com/world/china/why-chinas-solar-boom-is-a-bust-for-its-leading-players-a869ccab

Last week, UN Trade and Development (UNCTAD) published its report on the quantitative and qualitative elements of the NCQG. It conveys a strong message that global climate finance needs a boost in both quantity and quality to address developing economies’ needs for a just transition towards sustainability and resilience. 

“Ultimately, the goal of the NCQG (New Collective Quantified Goal) on climate finance must be to transform the climate finance landscape and herald a new era of mutual trust, cooperation and climate action,” the UN Trade and Development (UNCTAD) report urges. 

https://nypost.com/2024/11/11/opinion/un-climate-conference-just-an-excuse-to-shake-west-down-for-cash/ By Bjorn Lomborg The UN climate summit in Azerbaijan kicked off Monday in the shadow of Donald Trump’s election and with many key leaders not even showing up. With low expectations set before it even began, the summit will nonetheless see grandiose speeches on the need for a vast flow of money from rich countries to poorer ones. […]

World Bank Missing $41 Billion in Climate Funds by Martin Armstrong A new report by Oxfam, “Climate Finance Unchecked,” has determined that the World Bank has $41 billion in unaccounted funds that were destined to fight climate change. This figure represents 40% of all disbursed climate funds by the World Bank. Oxfam’s audit revealed that between 2017 […]

A report from Airbnb found that hosts in Osceola County with a single listing earned an average of $14,700 last year.

Universal Orlando and a company that helped make its “Race Through New York Starring Jimmy Fallon” ride have settled a lawsuit.

Scottie Scheffler capped off the biggest year in golf in nearly two decades by winning the biggest prize in golf.

Scottie Scheffler capped off the biggest year in golf in nearly two decades by winning the biggest prize in golf.

UnitedHealth is seeking to add Amedisys to Optum, its subsidiary that provides care as well as pharmacy and technology services.

Monday morning, Cooper held his seventh annual “Coop’s Catch for Kids” charity fishing tournament, which benefits pediatric cancer research. Cooper’s first tournament in 2016 raised $60,000. This year’s event has brought the grand total to more than $1 million.

Suffering from a severe case of midlife crisis? Just won the lottery and need some ideas on what to spend it on? If your answer is "yes" to one or the other (or both), you might be interested in purchasing one of the ten Batman Tumbler replicas being made by Warner Bros. Discovery Global Consumer Products (WBDGCP) and Relevance International.

United Nations annual climate talks stuttered to a start Monday with more than nine hours of backroom bickering over what should be on the agenda for the next two weeks. It then turned to the main issue: money.

In Baku, Azerbaijan, where the world’s first oil well was drilled and the smell of the fuel was noticeable outdoors, the talks were more about the smell of money — in huge amounts. Countries are negotiating how rich nations can pay up so poor countries can reduce carbon pollution by transitioning away from fossil fuels and toward clean energy, compensate for climate disasters and adapt to future extreme weather.

In order to try to start the 12 days of talks, called COP29, with a win, Monday’s session seemed to find a resolution to a nagging financial issue about trading carbon pollution rights — one that has eluded negotiators for years. It could free up to $250 billion in spending a year to help poor nations, said new COP29 president, Mukhtar Babayev.

But Erika Lennon, Center for International Environmental Law’s Senior Attorney, warned that pushing through resolutions this early in the conference “without discussion or debate, sets a dangerous precedent for the entire negotiation process.”

When it comes to discussions on finance, the amount of money being talked about to help poor nations could be as high as $1.3 trillion a year. That’s the need in the developing world, according to African nations, which have produced 7% of the heat-trapping gases in the air but have faced multiple climate crises, from floods to drought.

Whatever amount the nations come up with would replace an old agreement that had a goal of $100 billion a year. Richer nations have wanted numbers closer to that figure. If an agreement is struck, money is likely to come from a variety of sources including grants, loans and private finance.

“These numbers may sound big but they are nothing compared to the cost of inaction,” Babayev, said as he took over.

Signs of climate disasters abound

This year, the world is on pace for 1.5 degrees of warming and is heading to become the hottest year in human civilization.

A goal of limiting warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times was set in the Paris Agreement in 2015. But that’s about two or three decades, not one year of that amount of warming and “it is not possible, simply not possible,” to abandon the 1.5 goal yet, said World Meteorological Organization Secretary-General Celeste Saulo.

The effects of climate change in disasters such as hurricanes, droughts and floods are already here and hurting, Babayev said.

“We are on the road to ruin,” he said. “Whether you see them or not, people are suffering in the shadows. They are dying in the dark. And they need more than compassion. More than prayers and paperwork. They are crying out for leadership and action.”

United Nations Climate Secretary Simon Stiell, whose home island of Carriacou was devasted earlier this year by Hurricane Beryl, used the story of his neighbor, an 85-year-old named Florence, to help find “a way out of this mess.”

Her home was demolished and Florence focused one thing: “Being strong for her family and for her community. There are people like Florence in every country on Earth. Knocked down, and getting back up again.”

That’s what the world must do with climate change, Stiell said.

A backdrop of war and upheaval hangs over talks

In the past year, nation after nation has seen political upheaval, with the latest being in the United States — the largest historic carbon emitter — and Germany, a climate leading nation.

The election of Donald Trump, who disputes climate change and its impact, and the collapse of the German governing coalition are altering climate negotiation dynamics here, experts said.

“The global north needs to be cutting emissions even faster … but instead we’ve got Trump, we’ve got a German government that just fell apart because part of it wanted to be even slightly ambitious (on climate action),” said Imperial College London climate scientist Friederike Otto. “We are very far off.”

Initially, Azerbaijan organizers hoped to have nations across the globe stop fighting during the negotiations. That didn’t happen as wars in Ukraine, Gaza and elsewhere continued.

Dozens of climate activists at the conference — many of them wearing Palestinian kaffiyehs — held up banners calling for climate justice and for nations to “stop fueling genocide.”

“It’s the same systems of oppression and discrimination that are putting people on the frontlines of climate change and putting people on the front lines of conflict in Palestine,” said Lise Masson, a protester from Friends of the Earth International. She slammed the United States, the U.K. and the EU for not spending more on climate finance while also supplying arms to Israel.

Mohammed Ursof, a climate activist from Gaza, called for the world to “get power back to the Indigenous, power back to the people.”

Jacob Johns, a Hopi and Akimel O’odham community organizer, came to the conference with hope for a better world.

“Within sight of the destruction lies the seed of creation,” he said at a panel about Indigenous people’s hopes for climate action. “We have to realize that we are not citizens of one nation, we are the Earth.”

Hopes for a strong financial outcome

The financial package being hashed out at this year’s talks is important because every nation has until early next year to submit new — and presumably stronger — targets for curbing emissions of heat-trapping gases from the burning of coal, oil and natural gas.

How much money is on the table could inform how ambitious some nations can be with their climate plans.

Some Pacific climate researchers said that the amount of money on offer was not the biggest problem for small island nations, which are some of the world’s most imperiled by rising seas.

“There might be funding out there, but to get access to this funding for us here in the Pacific is quite an impediment,” said Hilda Sakiti-Waqa, from the University of the South Pacific in Fiji. “The Pacific really needs a lot of technical help in order to put together these applications.”

And despite the stalled start, there was still a sense of optimism.

“My experience right now is that countries are really here to negotiate,” said German climate envoy Jennifer Morgan.

“We cannot leave Baku without a substantial outcome,” Stiell said. “Now is the time to show that global cooperation is not down for the count. It is rising to the moment.”

—Seth Borenstein, Melina Walling and Sibi Arasu, Associated Press

Charlotte Graham-McLay, AP reporter, contributed to this report.

The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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