5G technology goes underground

Automation and digitalization are increasingly used in almost every major industry to improve efficiency. Thanks to rapid advances in artificial intelligence and robotics, and innovations like X-ray diffraction and electric vehicles, the mining sector is also catching up with the technological revolution. According to a White Paper by the World Economic Forum and Accenture, digitalization could bring about over USD $425 billion of value for the mining industry, customers, society and environment by 2025. It could also lead to a reduction of 610 million t of CO2 emissions, as well as…

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Low-carbon technology fund is tonic for Scottish gin maker

The Orkney Distillery wants to become the world’s greenest gin and whisky producer. Photograph: Alamy A craft distillery in Scotland could become the greenest gin and whisky producer in the world as part of the government’s plans to cut industrial climate emissions. The Orkney Distillery has secured a slice of the government’s £390m fund to help develop low-carbon technologies that could reduce carbon emissions from industry. It hopes to use the funds to become the first gin distillery in the world to run on hydrogen made from renewable energy rather than liquid petroleum gas.…

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Into The Wild: 3 Places To Travel If You Love The Outdoors

A Taquan Air floatplane glides above Southeast Alaska on a flightseeing tour TAQUAN AIR Though Jon Krakauer rendered the phrase immortal in his nonfiction account of an ill-fated young man who ventured into the Alaskan wilderness, the allure of going ‘into the wild’ predates his book’s 1998 publication date. (Though, of course, Alaska is featured on our list, because—why wouldn’t it be?) This call of the wild (to borrow from another author, Jack London), has been around since time immemorial. It’s a transcendent impulse, memorably chronicled by the late poet,…

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Introducing Forensic Finance, a podcast exploring how banks can help solve global issues

Ever listened to This American Life, the mother of all storytelling podcasts? If not, you should. If yes, you know it’s a weekly podcast that runs about an hour per episode. It’s made by a team of about 20 people. I’ve always been impressed by the frequency and quality of their output. After creating a podcast for TNW, I’m in complete awe. Turns out: podcast making might be the least time-efficient way to tell a story. At the same time, it was completely worth it. At TNW, we’re proud to…

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Home, vehicle, other retail loans to become cheaper: Finance Minister

The government on Friday announced a slew of measures to ensure that loans for home, vehicles and consumer goods become cheaper and widely available through banking and non-banking finance companies. Addressing the media here, Finance Minister Nirmala Sitharaman also said that banks will pass on RBI rate cut benefits to borrowers through MCLR reduction. She said that banks will launch repo rate and external benchmark-linked loan products that will lead to reduced easy monthly instalments for housing, vehicle and other retail loans. The minister also announced additional liquidity support of Rs…

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Canada bars consulate staff from travelling outside Hong Kong

The Canadian consulate in Hong Kong has barred local staff from leaving the city on official business following the detention of a British consulate worker in mainland China. Announcing the travel restriction on Friday, Canada did not say whether it was related to the detention of Simon Cheng, who went missing two weeks ago from Hong Kong’s high-speed rail terminal to Shenzhen, a mainland city just across the border from the self-governing territory. “At present, locally engaged staff will not undertake official business travel outside of Hong Kong,” the Canadian Consulate said in a statement. The…

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The Best Speakers for Travel

When you hit the road, you want your tunes to come with you. But sometimes a pair of earphones—even noise-cancelling headphones—just isn’t enough. Whether it be serving as impromptu DJ for your friends or enhancing a presentation with a soundtrack, you need a portable speaker. Here are the best speakers for travelers that will let you pump up the volume without weighing you down. JBL Clip 3 JBL Clip 3 JBL If you’re looking for the most portable speaker out there, the JBL Clip 3 is the best option to…

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Autonomous Technology Requires Caution — And A Leap Of Faith

Historically, every wave of technological innovation — especially those that directly impact human well-being — has had detractors. With autonomous technology, we need to find a balance between caution and Luddism and learn to cherish our deepening relationship with technology. The stories of the global grounding of Boeing’s 737 Max aircraft and the latest Tesla autopilot crash controversy have sparked a wave of outrage and genuine fear about the role of autonomous technology in our lives. The tones are dire: Autonomous technology is a threat to human life. The technology isn’t ready. Society and…

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SREI Equipment Finance NCDs: Should you subscribe?

SREI Equipment Finance (a wholly owned subsidiary of Srei Infrastructure Finance) is issuing secured Non Convertible Debentures (NCDs) with interest rates (technically called coupons) up to 10.65%. The company’s overall NCD programme as covered by the shelf prospectus is to raise an amount up to Rs1,700 crore. In this tranche however, the company is seeking to raise Rs100 crore from the issue with the option to retain another Rs400 crore in case of over-subscription. Srei Equipment Finance is an NBFC (Non Banking Finance Company) engaged in the financing of equipment used…

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Ujjivan Financial files prospectus for small finance bank IPO, stock plunges 8%

Shares of Ujjivan Financial Services fell nearly 8 percent on Monday after the company filed a draft red herring prospectus with the Securities and Exchange Board of India (Sebi) to list its subsidiary Ujjivan Small Finance Bank (USFB). The stock fell as much as 7.8 percent to Rs 261.70 per share on BSE. At 9:25 am, the stock was trading 4.4 percent lower at Rs 271.7 compared with 0.63 percent (236 points) gain in BSE Sensex at 37,586. USFB plans to launch an initial public offering (IPO) at a face value…

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