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DHL Express invests RM13m in new Prai service centre

May 17, 2022 by www.theedgemarkets.com

- A + A BATU KAWAN (May 17): International express service provider DHL Express has relocated its Prai service centre to a larger, RM13 million facility at the Batu Kawan Industrial Park here to cater to bigger demand for international shipping by businesses in the northern states. DHL Express Malaysia and Brunei managing director Julian Neo said the new service centre will improve shipment processing capacity by 170%, enabling faster transit times that will boost the service for the company's customers in mainland Penang, Perlis and Kedah. "The new service centre comprises 2,386 square metres of warehousing and office space, which is five times the size of the previous facility. This is in response to increased demand for international shipping by the northern region's business community. "In line with Deutsche Post DHL Group's commitment to achieving zero carbon emissions by 2050, the facility is equipped with state-of-the-art solar panels and fitted with … [Read more...] about DHL Express invests RM13m in new Prai service centre

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CTOS Digital expands services to include car insurance

May 17, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (May 17): CTOS Digital Bhd is extending its consumer services with the launch of CTOS Car Insurance, an online platform for car insurance and road tax renewal, through its collaboration with PolicyStreet.com. CTOS Digital in a statement said CTOS Car Insurance will provide customers with the easiest way to find the best deals in the car insurance market by comparing prices from more than 10 insurance providers in minutes. “By comparing quotes from a large range of insurers, consumers are able to find savings of up to RM1,000 from their current deals,” it said. “Consumers who successfully renew or purchase their insurance via the new platform will also be able to get a free MyCTOS Score Report to stay on top of their credit health ..including further discounts on car insurance quotes based on the value of premiums selected.” CTOS Digital chief executive officer Eric Hamburger said one of the company’s primary business objectives is to drive the … [Read more...] about CTOS Digital expands services to include car insurance

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Service Members Place Flags Throughout Arlington National Cemetery Ahead Of Memorial Day

May 27, 2021 by dailycaller.com

Service members placed flags throughout Arlington National Cemetery in Arlington, Virginia, on Thursday ahead of Memorial Day, which honors men and women who died while serving in the U.S. military. (Photo by Anna Moneymaker/Getty Images) (Photo by MANDEL NGAN/AFP via Getty Images) For the first time in 20 years, all joint services worked together to place American flags at more than 260,000 headstones for the annual “Flags In” ceremony, a tradition that takes place ahead of Memorial Day, Fox News reported. (RELATED: Whisky Company Releases Special Bottle Honoring Military Members) (Photo by Anna Moneymaker/Getty Images) (Photo by Anna Moneymaker/Getty Images) In many of the photos, we see military members walking through the hallowed ground where our soldiers are laid who gave the ultimate sacrifice. (RELATED: Tom Cruise And Military Members Celebrate #TopGunDay With Great Photos And More) (Photo by Anna Moneymaker/Getty Images) (Photo by … [Read more...] about Service Members Place Flags Throughout Arlington National Cemetery Ahead Of Memorial Day

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Kakao Mobility expands service to Guam

May 17, 2022 by koreajoongangdaily.joins.com

Through the partnership with Miki Taxi, which operates approximately 40 percent of all taxis in Guam, Kakao Mobility plans to offer mobility hail service on the island via its Kakao T application starting in the third quarter. The Guam service will initially be limited to travelers from Korea but will be later expanded to visitors from other countries after establishing a stable service environment. Miki Taxi Chairman Im Hong-soon said Korean tourists in Guam will be able to use mobility services with more ease and safety, and also expected local drivers to benefit from the partnership. Kakao Mobility recently partnered with global mobility platform provider Splyt Technologies Ltd. to offer ride-hailing roaming services in seven Southeast Asian countries. The company was spun off from Kakao, operator of Korea's most-used messenger KakaoTalk, in August 2017 and operates as a separate entity. Yonhap … [Read more...] about Kakao Mobility expands service to Guam

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Swiggy buys Times Internet’s restaurant tech platform Dineout

May 13, 2022 by www.moneycontrol.com

Representative image. Food aggregator and delivery platform Swiggy on May 13 said that it has signed a definitive agreement with Times Internet to acquire Dineout, a restaurant tech platform. Swiggy did not disclose the size of the deal and said that Dineout will continue to operate as an independent app post the acquisition. Swiggy said it is looking to capitalize on Dineout’s  assets and leverage its position in the dining out space. As a part of the transaction, founders Ankit Mehrotra, Nikhil Bakshi, Sahil Jain and Vivek Kapoor will join Swiggy once the acquisition is completed, Swiggy said. The acquisition will help Swiggy to expand its offerings to dining out table reservations and events, Swiggy said. Swiggy also said that the acquisition will allow its restaurant partners to reach more customers. Dineout has a network of over 50,000 restaurants, which Swiggy would leverage. Close “The acquisition will allow Swiggy to explore synergies and offer … [Read more...] about Swiggy buys Times Internet’s restaurant tech platform Dineout

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Biden’s New Plan To Expand Broadband Access

May 17, 2022 by www.investopedia.com

The Biden administration, which wants everyone in the U.S. to have affordable access to high-speed internet by 2029, announced May 13, 2022, a $45 billion 'Internet for All (IFA)' initiative to pay for it. According to the U.S. Commerce Department, the initiative will provide "affordable, reliable, high-speed internet for everyone in America by the end of the decade." Administration and implementation of the program will be the responsibility of the U.S. Department of Commerce’s National Telecommunications and Information Administration (NTIA). The announcement about the IFA initiative came on the heels of news May 9, 2022, that the Biden administration had partnered with 20 broadband providers, including AT&T and Verizon, to improve their subsidized high-speed internet plans made available to low-income Americans through the Affordable Connectivity Program. Key Takeaways 'Internet for All (IFA)' is a $45 billion initiative to provide affordable high-speed broadband … [Read more...] about Biden’s New Plan To Expand Broadband Access

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Biden Administration Launches Reentry Program for Formerly Incarcerated People

May 11, 2022 by www.investopedia.com

As part of an overall effort to deal with inequities in the justice system, the White House announced, on April 26, 2022, a series of initiatives to support the reentry of formerly incarcerated persons into the workforce. At the same time came news that President Biden had pardoned three individuals and shortened the sentences of 75 others. These actions were all taken during Second Chance Month, an annual event seeking to "unlock opportunities for the tens of millions of Americans with a criminal record who have paid their debt to society." The initiatives, under the banner "Incarceration to Employment," were launched in order to "break the cycle of crime, and allow law enforcement to focus their time and resources on the most pressing threats to public safety," according to a statement from the White House. Key Takeaways The White House has announced a series of initiatives to help formerly incarcerated persons reenter the workforce. The $145 million, first-ever … [Read more...] about Biden Administration Launches Reentry Program for Formerly Incarcerated People

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Tesla (TSLA) Recalls 130,000 U.S. Vehicles Over Touch Screen Issues

May 12, 2022 by www.investopedia.com

Tesla, Inc. ( TSLA ) is recalling 129,960 vehicles in the U.S. due to a fault in their infotainment systems. The cars that are being recalled include Models 3 and Model Y vehicles that were launched in 2022 as well as Models S and Model X vehicles that were produced in 2021 and 2022. Tesla's infotainment device is used for music, navigation, air conditioning and heating, and controlling the back-up camera and the speed of the windshield wiper. The electronic systems in the recalled vehicles are prone to overheating when the car is charging, causing the touch screen to lag behind or go blank. The problem may be due to a computer chip that is not cooling enough resulting in a blank touch screen or a lag in the infotainment navigation. Key Takeaways Tesla is recalling 300,000 US vehicles due to a faulty infotainment system that causes the touch screen to overheat and lag or go blank. The glitch can be fixed with an over-the-air software update, and users do not need to … [Read more...] about Tesla (TSLA) Recalls 130,000 U.S. Vehicles Over Touch Screen Issues

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China stocks close up as Shanghai’s Covid-19 situation improves, tech giants soar

May 17, 2022 by www.theedgemarkets.com

- A + A SHANGHAI (May 17): Chinese stocks ended higher on Tuesday (May 17) as Shanghai achieved a key Covid-19-related milestone required to ease restrictions, while tech giants and Hong Kong shares logged the biggest jump in six weeks following reports about a meeting by a top political consultative body to promote the digital economy. Both Internet firms listed in Hong Kong and the Hang Seng benchmark surged the most since April 29, when authorities vowed at the top-level Politburo meeting to step up policy support to stabilise the economy and financial markets. The blue-chip CSI 300 Index ended 1.3% higher at 4,005.89, while the Shanghai Composite Index gained 0.7% to 3,093.70 points. The Hang Seng Index rose 3.3% to 20,602.52, while the China Enterprises Index gained 3.7% to 7,076.80 points. Shanghai reported a long-awaited milestone of three straight days with no new Covid-19 cases outside quarantine zones — the "zero Covid" status. A nationwide caseload … [Read more...] about China stocks close up as Shanghai’s Covid-19 situation improves, tech giants soar

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China makes a comeback in Bitcoin mining despite government ban

May 17, 2022 by www.theedgemarkets.com

- A + A LONDON/MUMBAI (May 17): While the US extended its leading position as the dominant location for Bitcoin mining, China has reemerged as the second-largest locale despite a government ban on the activity last year. The US accounted for 37.84% of global hashrate, a measure of computing power used to extract the digital currency, between September 2021 to January, according to the Cambridge Centre for Alternative Finance, in a report released on Tuesday. The hashrate, also responsible for securing the Bitcoin network, has made a strong comeback to new highs after falling last year. Following the mining ban in China last year, the country has seen a sudden surge in activity through “covert mining operations” and has “re-emerged as a major mining hub” grabbing 21.11% of global hashrate, according to the CCAF. “This strongly suggests that significant underground mining activity has formed in the country, which empirically confirms what industry insiders have long … [Read more...] about China makes a comeback in Bitcoin mining despite government ban

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