TITAN Financial

2021-05-31 16:09:03 Nestlé has admitted that over 60% of its staple foods and beverages are not healthy diets.

The world's largest food company, Nestlé, has admitted that more than 60 percent of its staple foods and beverages do not meet the "recognized definition of health" and that "some of our categories and products will never be" healthy. " Only 37% of Nestlé's food and beverage products by revenue, excluding products such as pet food and specialty health foods, achieve a rating above 3.5 on the Australian health scoring system, as reported FT.

This system rates food on a five-point scale and is used in research by international groups such as the Access to Nutrition Foundation. Nestlé, the manufacturer of KitKats, Maggi noodles, and Nescafé, describes the 3.5-star threshold as "the recognized definition of health." Water and dairy scored better: 82% of water and 60% of dairy products met the threshold."

via.TITAN Open / Comment

2021-05-28 17:17:55 Alphabet's Verily is trying to revive plans for surgical robotics.

Sources told Insider that the company recently held talks with Johnson & Johnson to unveil a new camera system. The two companies previously owned a joint stake in Verb, a surgical robot manufacturer. Insider has learned that the Google subsidiary is looking for a medical device partner to bring its technology to market and has offered it to Johnson & Johnson in recent days in hopes of reviving a key partnership between the two companies.

The technology has been described as an advanced video laparoscope that will work with other surgical instruments as part of a robotic system. The camera will use Verily software and machine learning technology to improve minimally invasive operations.

via.TITAN Open / Comment

2021-05-28 13:25:51 Following the launch of the listing, JD Logistics Inc's shares gave a market value of $ 34 billion of company.

That listing provided a good head start on Friday for Hong Kong's second-largest listing this year. JD Logistics is the logistics arm of Chinese internet giant JD.com.

The shares of the company were up 18.3% over their initial public offering (IPO) price. By midday, they were up 9% versus 0.6% gain in the broader market (.HSI). The listing is being closely monitored, as an indicator of appetite for major IPOs in Hong Kong and companies closely linked to China's internet economy.

via.TITAN Open / Comment

2021-05-27 17:43:20 Danish company, Orsted will work with the South Korean steel giant in the field of offshore wind and renewable hydrogen.

Energy company Orsted has signed a memorandum of understanding with South Korean conglomerate POSCO, which will focus on wind energy and renewable hydrogen. Orsted wants to develop up to 1.6 gigawatts (GW) of marine wind power in the area, with the company saying these facilities could come on stream in 2026 or 2027. South Korean authorities want to develop 12 GW of offshore wind power by 2030, CNBC.

POSCO and Orsted will also conduct a "feasibility study" for a promising renewable hydrogen partnership.

via.TITAN Open / Comment

2021-05-27 15:22:39 EU wants damages from AstraZeneca for vaccine shortage, trial.

The EU will seek billions of euros in damages from AstraZeneca if the company fails to increase supplies of its Covid-19 vaccine by next month. The European Commission is demanding that the drug manufacturer pay a fine of € 10 per dose per day if company does not provide 20 million additional injections by the end of June, a European bloc lawyer said on Wednesday in Brussels, FT.

via.TITAN Open / Comment

2021-05-26 19:42:33 AI will help dispatchers plan flight routes.

Tourism is returning as the pandemic recedes, artificial intelligence could be the organizer of your next flight. Airspace Intelligence's product, officially called Flyways, has been launched on Alaska Airlines.

Alaska was the fastest to agree to the test, and in May 2020, it began using Flyways on all of its continental flights within six months. “During this time, AI has found an opportunity to cut flight times and fuel by 64% of flights,” — says Pasha Saleh, director of strategy and innovation at Alaska Airlines. This cuts an average of 5.3 minutes per Alaska Airlines flight, saving a total of 480,000 gallons of fuel and avoiding 4,600 tons of carbon emissions, Time.

via.TITAN Open / Comment

2021-05-26 18:30:01 ​​Nissan plans to build a large battery factory in UK, talks with government.

Nissan is talking with the UK government about building a post-Brexit battery plant to turn UK into the largest electric vehicle manufacturing center outside of Japan.

The new plant at Nissan's existing Sunderland plant will be operated by Chinese battery manufacturer Nissan Envision AESC and will support the production of 200,000 battery-powered vehicles a year and thousands of jobs, according to three FT informants.

via.TITAN Open / Comment

2021-05-26 17:22:53 Amazon bought the film company MGM. The deal costed the company $ 8.45 billion, reports Variety.

via. TITAN Open / Comment

2021-05-26 13:37:42 WhatsApp is suing the Indian government for requiring the disclosure of user data at the request of the police.

Under the new rules, social networks must track content creators and transmit data if they are accused of "threatening the sovereignty and integrity of India", NYT. WhatsApp believes this violates users' privacy rights.
The law was adopted back in February, but it comes into force on May 26. According to the requirements, services must:
- Block content “affecting the sovereignty and integrity of India or threatening national security”;
- provide the data of the authors who were the first to publish such messages;
- Appoint representatives in India who will monitor compliance with the rules and cooperate with law enforcement agencies.

via.TITAN Open / Comment

2021-05-25 17:30:01 Amazon is close to buying MGM Studios.

Online retailer Amazon is set to announce the purchase of MGM Studios (Metro-Goldwyn-Mayer), which owns the James Bond film franchise, CNBC reported. The deal can range from $ 8.5 billion to $ 9 billion. Amazon is interested in buying a large amount of TV and film content for its Prime Video online video service. The list of competitors includes Netflix, Disney, and other video streaming services.

via.TITAN Open / Comment