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CEFC is providing $70 million for the T3 Collingwood timberframed skyscraper in Melbourne

In 2019, Hines bought the 2,120 square metre property at 36 Wellington St. Collingwood. It intends to build a 15story, primegrade office tower using t

In 2019, Hines bought the 2,120 square metre property at 36 Wellington St. Collingwood. It intends to build a 15story, primegrade office tower using the T3 Timber, Transit, and Technology concept as a guide. According to the projects developer, it will have a dual influence on reducing emissions. On top of five reinforced concrete podium levels, the hybrid construction method will include a glue laminated timber framework with crosslaminated timber flooring. The time is right, according to Ryan Rathborne, joint head of property for CEFC, for the development of more timber structures in the real estate industry. Read More..

B2B Tech News | 2 years ago          

US State Department approves potential sale of antidrone system to Qatar for $1 billion

According to the Pentagon, the US State Department has approved the potential sale of an antidrone system to Qatar in a $1 billion deal. Raytheon Tech

According to the Pentagon, the US State Department has approved the potential sale of an antidrone system to Qatar in a $1 billion deal. Raytheon Technologies Corp RTX.N, SRC, and Northrop Grumman Corp NOC.N will be the primary contractors, according to a Pentagon statement. The potential sale approval comes after US President Joe Biden designated Qatar as a major nonNATO ally earlier this year, granting special status to a key friend in a volatile region. Separately, Qatar has played a role in the Iran nuclear talks and in relations with Afghanistan, where the small Gulf state has represented Washingtons interests. Read More..

B2B Tech News | 2 years ago          

SAA aircraft are back in the skies – in Serbia and Nigeria

South African Airways planes, or rather aircraft once used by the airline, are being reintroduced into service in countries such as Nigeria and Serbia

South African Airways planes, or rather aircraft once used by the airline, are being reintroduced into service in countries such as Nigeria and Serbia. According to the specialist publication Simple Flying, Nigerian airline Air Peace took delivery of an Airbus A320200 that was previously registered for SAA as ZSSZH. An Airbus A330200, previously registered to SAA as ZSSXW, is the second former SAA plane to fly again. It was delivered to SAA in mid2011 and will be retired in early 2020. Air Serbia recently began flights between Belgrade and Tianjin, China, and has long planned additional flights to the United States. Read More..

B2B Tech News | 2 years ago          

Meta fined €265 million by Irish regulators for breaching EU data protection law

On Monday, Irish regulators fined Facebook parent Meta €265 million, the companys latest punishment for violating strict European Union data privacy

On Monday, Irish regulators fined Facebook parent Meta €265 million, the companys latest punishment for violating strict European Union data privacy rules. Last year, the watchdog launched an investigation into reports that data on over 533 million users had been leaked online. Its the latest in a string of penalties meted out by the Irish watchdog over the last two years. In September, the Irish data protection authority fined Metaowned Instagram €405 million after discovering that the platform mishandled the personal information of teenagers. Read More..

B2B Tech News | 2 years ago          

Sam BankmanFried Says He Only Has $100,000 in His Bank Account After FTX Crash

Sam BankmanFried, the former CEO of FTX who once had a net worth of $26 billion, told Axios on Monday that he is down to his last $100,000 following t

Sam BankmanFried, the former CEO of FTX who once had a net worth of $26 billion, told Axios on Monday that he is down to his last $100,000 following the implosion of FTX. The investor and founder of FTX saw his net worth plummet from $15.6 billion to $1 billion in a single day following news that the crypto exchange needed a bailout in early November. After failing to secure a rescue following a weeklong liquidity squeeze, FTX filed for Chapter 11 bankruptcy and BankmanFried resigned as CEO on November 11. Read More..

B2B Tech News | 2 years ago          

Temasek of Singapore holds an internal assessment of the loss of $275 million related to FTX

Singapores Deputy Prime Minister Lawrence Wong announced on Wednesday that Temasek Holdings [RICRICTEM.UL] has begun an internal assessment of its par

Singapores Deputy Prime Minister Lawrence Wong announced on Wednesday that Temasek Holdings [RICRICTEM.UL] has begun an internal assessment of its participation in the nowbankrupt FTX crypto exchange, resulting in a $275 million writedown. Following the stunning collapse of FTX, Temasek decided to write down its investment of approximately $275 million. SoftBank Group Corps 9984.T Vision Fund and Sequoia Capital have also reduced their investments in FTX to zero after the company, founded by Sam BankmanFried, filed for bankruptcy protection in the United States this month in the highestprofile crypto meltdown to far. Read More..

B2B Tech News | 2 years ago          

Enerza is developing a robot called Boa that uses 5G to cross power lines and signal impending problems to utilities

James Aein, the CEO of the 5G startup Enerza in Toronto, is creating a robot that can examine electrical cables. The robot, known as Boa, crosses powe

James Aein, the CEO of the 5G startup Enerza in Toronto, is creating a robot that can examine electrical cables. The robot, known as Boa, crosses power cables to inform utility providers of impending issues. Before a largescale outage occurs, it might stop it. Up to 8,000 kilometres of electrical lines can be monitored and reported on annually by Enerzas Boa robots. Municipalities are not obligated by Boa to make grid modernization investments. Enerza will work with an American utility in January 2023 to test the system in the field. Read More..

B2B Tech News | 2 years ago          

Coterra Energy Pays $16.29 Million for Pennsylvania Water Pollution Appeal

Coterra Energy CTRA.N, a U.S. shale company, pleaded no contest to poisoning well water in Dimock, Pennsylvania, and agreed to pay $16.29 million to b

Coterra Energy CTRA.N, a U.S. shale company, pleaded no contest to poisoning well water in Dimock, Pennsylvania, and agreed to pay $16.29 million to build a new water supply system for its people, the state attorney general said on Tuesday. The Houstonbased corporation, then known as Cabot Oil and Gas, will also cover 75 years of water bill payments for the impacted residents, who were exposed to metal and methanepolluted drinking water. Dimock was at the epicentre of the 2007 Marcellus Shale gas fracking boom. Read More..

B2B Tech News | 2 years ago          



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