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Buick Electra Electric Crossover Concept Enjoys Global Premier

indie
6 minutes

SHANGHAI, Oct 21, 2020 - (ACN Newswire) - The Buick Electra concept vehicle enjoyed a global premiere in Shanghai. The all-electric crossover offers a sneak peek at Buick's vision for a new intelligent electric future."Today, Buick's innovative thinking and imagination of future intelligent mobility have reached the next level with the Electra," said Sam Basile, executive vice president of SAIC-GM. "I am confident that the aesthetics and technology innovations reflected on the Electra will ultimately help reset consumers' expectations, just as all previous Buick concepts have done."Adopting the new "potential energy" design language, the Electra emphasizes clean and bold styling with seamless integrated technology. It comes with a new-generation electric propulsion system and the advanced Ultium battery, along with a variety of connected and intelligent driving technologies, demonstrating Buick's ongoing evolution toward the future of personal mobility."Building on Buick's proven leadership in electrification, the Electra represents the brand's ambition to bring together beautiful styling and intelligent connectivity in the new era of zero emissions," said Molly Peck, executive dir...

SeaPRwire
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Brazil police expand Car Wash probe to Petrobras trades of diesel, jet fuel in Asia and Europe

elean
2 minutes

RIO DE JANEIRO (REUTERS) - Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro or Petrobras based in part on secret recordings made by a former executive of Swiss trading firm Vitol, according to court documents released on Tuesday (Oct 20). Police on Tuesday served warrants seeking documents from six people and two companies as part of what is known as the Car Wash investigation into bribery to win contracts to buy and resell Petrobras fuel. Prosecutors have alleged at least 12 million reais (S$2.9 million) were paid between 2005 and 2015 to Petrobras employees working in Houston, London and Singapore. Tuesday's probe expands the reach of authorities' investigations from oil and bunker fuel trades at Petrobras's offices in Houston and Rio de Janeiro to diesel and jet fuel there and in Europe and Asia. Petrobras said in an e-mailed response it only learned of Tuesday's warrants after the police operation was made public. Petrobras said it was a victim of corrupt employees and that it has cooperated with authorities, providing information that led to the search warrants. The search warrants were approved based in part on tape...

SeaPRwire
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Top Morgan Stanley commodities executives leave for WhatsApp breach: Sources

elean
3 minutes

NEW YORK (BLOOMBERG, REUTERS) - The two most senior commodities executives at Morgan Stanley are leaving after compliance breaches linked to the use of communications tools such as WhatsApp, according to two people familiar with the matter. Nancy King, global head of commodities, and Jay Rubenstein, head of commodities trading, are leaving, the people said, asking not to be named discussing internal matters. Morgan Stanley declined to comment. The bank is one of the biggest commodities dealers on Wall Street alongside Goldman Sachs Group, JPMorgan Chase & Co and Citigroup. The veteran executives' departures come after the bank discovered the use of unauthorized electronic means of communication, including the use of the WhatsApp messaging app. It didn't find any wrongdoing, but the use of those communication channels went against policy, the people said. Commodity trading brokers across the world commonly use messaging services including WhatsApp, WeChat and Intercontinental Exchange (ICE) chat to communicate with traders who put in orders and execute trades. However, Wall Street banks have clamped down on the use of WhatsApp and other instant messaging platforms in recent months. ...

SeaPRwire
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Netflix falls short on new subscribers as Covid-19 boost fizzles

elean
3 minutes

BENGALURU (REUTERS) - Netflix on Tuesday (Oct 20) posted its weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and live sports returned to television. The company added 2.2 million paid subscribers globally during the quarter that ended Sept 30, missing Wall Street's target of 3.4 million and its own forecast. Earnings per share also landed below analyst expectations at US$1.74. The consensus forecast was US$2.14, according to IBES data from Refinitiv. Shares of Netflix, one of the biggest gainers this year as people stayed home amid the pandemic, dropped nearly 6 per cent to US$494 (S$670) in after-hours trading on Tuesday. "Domestic subscribers were nearly flat, which highlights Netflix's saturation in the US," said Ross Benes, analyst with eMarketer. With domestic additions slowing, revenue growth will likely come from price increases, he said. The company reported a blockbuster quarter at the start of the worldwide coronavirus pandemic, adding 15.8 million paying customers from January through March. Netflix had warned investors that a sudden surge in new sign-ups would fade in the latter half of the year as Covid-19 restrict...

SeaPRwire
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New Silkroutes appoints Darrell Lim as acting chairman after Goh Jin Hian’s exit

elean
2 minutes

SINGAPORE (THE BUSINESS TIMES) - Troubled healthcare provider New Silkroutes Group announced on Tuesday night (Oct 20) the appointment of Darrell Lim Chee Lek as acting independent non-executive chairman of the board with effect from Oct 20. He replaces former chairman Goh Jin Hian, the son of former Singapore prime minister Goh Chok Tong, who resigned amid investigations by the Commercial Affairs Department (CAD) earlier this month. Mr Lim was appointed to the board of New Silkroutes on Aug 1, 2020 as an independent, non-executive director, and became lead independent director this month. As at late July he was listed as the executive board director of BRC Asia, co-founder of hedge fund Bright Point Capital and non-executive director of XM Studios. He was formerly the head of investor relations at the Singapore Exchange. Other members of the board include Shen Yuyun, who is executive director, Vivien Chen Chou Mei Mei as independent non-executive director, Andrew Chua Soon Kian as non-independent non-executive director and Alex Chua Siong Kiat as independent non-executive director. On Sept 30, the company disclosed that Dr Goh and then-finance director William Teo Thiam Chuan were...

SeaPRwire
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Wall Street shares end higher on stimulus optimism

elean
3 minutes

NEW YORK (REUTERS) - Wall Street shares closed higher Tuesday (Oct 20) on growing optimism that US lawmakers are nearing a deal on a stimulus package aimed at cushioning the economic shock from the coronavirus pandemic. House of Representatives Speaker Nancy Pelosi said late on Tuesday that she hoped a coronavirus aid agreement could be accomplished by the end of this week. Pelosi spoke with Treasury Secretary Steven Mnuchin on the stimulus deal. "I think no matter who gets elected, we will get the stimulus," said Brian Reynolds, chief market strategist, at Reynolds Strategy. "The current headlines are short term in nature. Eventually, they would get together and produce more stimulus for the economy because all the sectors that are lagging need it badly," he added. Uncertainty over the coronavirus aid package weighed on Wall Street's main indexes on Monday and analysts expect market turbulence to increase with only two weeks left until Election Day. The Dow Jones Industrial Average closed up 113.37 points, or 0.4%, to 28,308.79, the S&P 500 ended 16.2 points higher, or 0.47%, to 3,443.12 and the Nasdaq Composite closed 37.51 points higher, or 0.33%, to 11,516.49. A majority of the...

ACN Newswire
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Tak Lee Machinery Announces 2019/2020 Annual Results

indie
5 minutes

HONG KONG, Oct 20, 2020 - (ACN Newswire) - Tak Lee Machinery Holdings Limited ("Tak Lee" or the "Company", together with its subsidiaries, the "Group"; stock code: 2102), a leading earthmoving equipment sales and leasing service provider in Hong Kong, is pleased to announce its first annual results for the year ended 31 July 2020 ("the Year") since transferring its listing to the Main Board of The Stock Exchange of Hong Kong Limited on 6 October 2020. Despite the challenging economic climate and COVID-19 pandamic, the Group has recorded remarkable results for the Year. Financial Highlight- Revenue of the Group increased by approximately 9.9% to approximately HK$628.8 million, mainly attributable to the strong performance of its leasing business - The Group's net profit attributable to the owners of the Company surged by approximately 32.9% to approximately HK$51.3 million- Gross profit increased by 33.2% to approximately HK$107.1 million, while gross profit margin increased 2.9 percentage points to approximately 17.0%- Earnings per share for the Year was approximately HK5.13 cents, representing an increase of approximately 32.9%- The Board has recommended the payment of a final div...

JCN Newswire
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MHI Again Receives EcoVadis Silver Rating for Overall Sustainability

ruth
3 minutes

TOKYO, Oct 20, 2020 - (JCN Newswire) - For the second consecutive year, Mitsubishi Heavy Industries, Ltd. (MHI) has been awarded a Silver rating for overall sustainability from EcoVadis, the independent French platform that regularly assesses corporate supply chains. At a time when the pursuit of the Sustainable Development Goals (SDGs) has become a global focus of universal concern, EcoVadis gave high marks to MHI Group for its initiatives in promoting sustainability throughout its supply chain in all four criteria categories: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.In receiving a Silver rating, which is second only to Gold, MHI Group places within the top 24% of all companies evaluated by EcoVadis. Among manufacturers of general-purpose machinery, the rating puts MHI Group in the upper 16%.EcoVadis, working through its cloud-based platform, provides buyer companies with evaluative data pertaining to suppliers' SDGs initiatives. To date, it has evaluated more than 45,000 companies worldwide.Through the years, MHI Group has proactively undertaken diverse initiatives in each aspect of ESG (environmental, social, and governance) investment in a ques...

ACN Newswire
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The Babylon Project concludes with developers from 65 Countries

indie
3 minutes

SAN FRANCISCO, CA, Oct 20, 2020 - (ACN Newswire) - The Babylon Project, a hackathon initiative committed to democratizing access to global innovation and fostering the inclusion of minority backgrounds in tech, kicked off on Friday, October 9th, 2020 with 1000 active participants on its virtual Discord server.The virtual hackathon had renowned international speakers calling in from different parts of the world. Pavel Cherkashin, the Managing Partner of Mindrock Capital; Miko Matsumura, General Partner of Gumi Ventures; and Naomi Freeman, Leadership Fellow at Women Who Code, along with an exceptional and diverse group of panelists, who shared industry knowledge, startup advice, and technical expertise with the participants.Additionally, a variety of technical workshops were also conducted by several blockchain companies, most notably Aave, Polkadot, BTCU, and Suku. A virtual yoga session, intended to instruct participants on rejuvenating wellness exercises, was provided by Kirin Power, a yoga & meditation teacher from San Francisco and a director and partner at Outdoor Yoga SF. Along with the grand prize, corporate partners issued their own pre-determined challenges to hackers a...

ACN Newswire

Lvji Technology Listed in Forbes Asia’s Best Under A Billion 2020

indie
3 minutes

HONG KONG, Oct 20, 2020 - (ACN Newswire) - China's leading online tour guide provider Lvji Technology Holding Inc. ("Lvji Technology" or the "Company", together with its subsidiaries, the "Group", stock code: 1745.HK) listed in Forbes Asia's Best Under A Billion 2020. The list spotlights 200 publicly listed small and midsized companies in the Asia-Pacific region with sales under $1 billion. And 56 Chinese companies are on the list, including Lvji Technology, WuXi Biologics (2269.HK), China Education Group (839.HK), and iKang Medical (1789.HK).The companies on this list have scored above their peers in a composite ranking that includes sales and profit growth, low debt levels and robust governance. The criteria also ensured a geographic diversity of companies from across the region. By using metrics both quantitative and qualitative, the final list of 200 is truly a select group.Lvji Technology is based on the core business of selling online tour guides and technology, combines with cutting-edge technologies such as GPS positioning and cloud computing. The Group provides hand- drawn maps of tourist destinations, multilingual editorial contents and voice-over commentaries, tour route...

SeaPRwire
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Buick Electra Electric Crossover Concept Makes Global Premiere

pandora
6 minutes

SHANGHAI, Oct 16, 2020 - The Buick Electra concept vehicle made its global premiere in Shanghai. The all-electric crossover offers a sneak peek at Buick's vision for a new intelligent electric future. "Today, Buick's innovative thinking and imagination of future intelligent mobility have reached the next level with the Electra," said Sam Basile, executive vice president of SAIC-GM. "I am confident that the aesthetics and technology innovations reflected on the Electra will ultimately help reset consumers' expectations, just as all previous Buick concepts have done."Adopting the new "potential energy" design language, the Electra emphasizes clean and bold styling with seamless integrated technology. It comes with a new-generation electric propulsion system and the advanced Ultium battery, along with a variety of connected and intelligent driving technologies, demonstrating Buick's ongoing evolution toward the future of personal mobility."Building on Buick's proven leadership in electrification, the Electra represents the brand's ambition to bring together beautiful styling and intelligent connectivity in the new era of zero emissions," said Molly Peck, executive director of Buick Sa...

ACN Newswire
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The Edvantage Group (0382.HK) Has Capacity Expansion and Student Number Growth in 2 Colleges

indie
6 minutes

HONG KONG, Oct 20, 2020 - (ACN Newswire) - Edvantage Group Holdings Limited ("Edvantage Group" or the "Company", together with its subsidiaries, the "Group"; stock code: 0382.HK), the largest private higher education group in the Greater Bay Area is pleased to announce the results of new student registration and the average tuition fee of two private higher educational institutions, Huashang College Guangdong University of Finance & Economics ("Huashang College" or the "College") and Guangzhou Huashang Vocational College ("Huashang Vocational College" or the "Vocational College"). Benefited from the continuous innovation of the high-end curriculum provided by schools of Edvantage Group to meet the urgent needs of today's society for talents especially in the fields of big business, big health, IT and new media, and the majority of students and parents' pursuit and support for the Huashang's brand with the recognition of school-running ability as well as the operation of new Sihui campus in Zhaoqing City, the registration rate of new students in the 2020/2021 school year of the College and the Vocational College has reached a record high, the average tuition fee has also recorde...

ACN Newswire
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The Executive Centre launches the “Welcome Back to The Office” campaign

indie
3 minutes

HONG KONG, Oct 20, 2020 - (ACN Newswire) - The COVID-19 outbreak has led to businesses and employees re-evaluating what the workplace means to them. Today, The Executive Centre (TEC), the leading premium flexible workspace provider across Asia Pacific and the Middle East, launches the "Welcome Back to The Office" video campaign, where characters find ways to adapt to the new working environment.The campaign is a take on the work-from-home phenomenon, and while the characters in the videos are fictional, their triumphs and struggles are drawn from real experiences of TEC's 1000+ global team.What's clear is that while homeworking arrangements are becoming normalised and people are enjoying less commuting, not having to dress to impress and spending more time with their families; on the flip side, there are also irreplaceable benefits of working in an office such as proper coffee in a proper coffee cup, chatting to colleagues and collaborating on projects, IT that works, comfortable ergonomic furniture, admin support, and a highly-productive environment that boosts concentration and minimises distractions."After an extended period of time working from home, we are inspired to explore ...

ACN Newswire
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Leading U.S. Government-Accredited Lab Confirms Path-Away(R) Natural Active Ingredient Can Kill Actual COVID-19 Virus Within Two Minutes, First In The World

indie
6 minutes

Sydney, Kuala Lumpur, Bluffton, SC (USA), Oct 20, 2020 - (ACN Newswire) - A leading laboratory accredited with U.S. Government agencies has released test results which confirm that Path-Away® - a plant-based active ingredient that contains no chemicals or alcohol - can kill the actual virus that causes COVID-19 within two minutes, the global distributor of Path-Away® announced today.Holista Colltech Limited (ASX: HCT, or Holista), the Malaysian-based global distributor, and Global Infection Control Consultants, LLC (GICC LLC), the developer of Path-Away®, said they believe the tests confirm the active ingredient to be the world's first totally natural and safe organic disinfectant to meet the U.S. testing standard.The independent tests of the Path-Away® Anti Pathogenic Aerosol Solution on SARS-CoV-2, the actual virus that causes COVID-19, were undertaken by Microbac Laboratories, Inc. (Microbac) in the United States. With over 50 years' experience, Microbac is accredited under the U.S. Department of Defence (DoD) and Environmental Laboratory Accreditation Program (ELAP).The Microbac tests were conducted using the direct inoculation method and follow successful tests in an approved ...

SeaPRwire
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Man accused of Orchard Towers murder to be tried in High Court

aseanpr
3 minutes

SINGAPORE - A 28-year-old man who was allegedly involved in the Orchard Towers fatal brawl in July last year will be tried in the High Court, said the Attorney-General's Chambers (AGC) in a statement on Tuesday (Oct 20). Tan Sen Yang, who faces a murder charge, is accused of causing the death of Mr Satheesh Noel Gobidass, 31. His case was moved to the High Court on Tuesday, said the AGC. Mr Satheesh died after a brawl in Orchard Towers on July 2 last year. Seven people, including Tan, were involved in the incident and initially charged with murder. After thorough investigations, the AGC found that the other six individuals were not involved in causing Mr Satheesh's death. The charges against them were then reduced. On Oct 15, Mr Chan Jia Xing, 27, was given a 12-month conditional warning after his charge was reduced to consorting with a person carrying an offensive weapon in a public place. A conditional warning does not amount to a conviction or a finding of guilt, and does not leave a criminal record, meaning he will face no further action if he does not commit any crimes for a year. Joel Tan Yun Sheng and Ang Da Yuan, both 26, and Natalie Siow Yu Zhen, 24, had earlier this year ...

SeaPRwire
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Lawyer who left Singapore after $33m went missing faces 14 more charges involving $17m

aseanpr
3 minutes

SINGAPORE - A lawyer who left Singapore after more than $33 million parked at his firm went missing has been issued with 19 new charges. Jeffrey Ong Su Aun was charged on Tuesday (Oct 20) with 14 counts of criminal breach of trust as an attorney involving more than $17.4 million, as well as five counts of cheating. In a statement, police said that the 43-year-old Singaporean now faces 76 charges in all. In total, Ong is implicated in a case involving more than $75 million. This is a greater sum than the $50 million in church funds that six City Harvest church leaders were found guilty of misusing in 2015. Ong was the managing partner of law firm JLC Advisors when more than $33 million held in escrow in the firm for a client, Allied Technologies, went missing. Escrow is an essential service in capital markets that supports transactions such as mergers and acquisitions. His latest charges regarding criminal breach of trust as an attorney involve more than $17.4 million that was held in escrow by JLC Advisors for the firm CW Group Holdings, which is listed on the Hong Kong Stock Exchange. He is accused of misappropriating the monies in 2015 and 2016, and is said to have largely engage...

SeaPRwire
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NKF chairman Koh Poh Tiong to step down, pass on baton to Singtel’s Arthur Lang

aseanpr
3 minutes

SINGAPORE - National Kidney Foundation (NKF) chairman Koh Poh Tiong will step down on Oct 31, after holding the position for eight years. Mr Koh will be succeeded by Mr Arthur Lang, the chief executive of Singtel's International Group, who joined the foundation as a board director in 2015. In announcing Mr Koh's relinquishing of the post, the foundation highlighted his "remarkable contribution in shaping and fortifying the policies of corporate governance, transparency and accountability", and "strong conviction that no one should be denied access to dialysis in Singapore due to their financial limitations". Under Mr Koh's leadership, NKF has invested in building infrastructure and capacity, increasing the number of community-based dialysis centres from 25 in 2012 to 38 now. Two more are in the pipeline to provide services for kidney patients in need close to their homes. NKF currently serves more than 4,800 kidney patients and beneficiaries. Mr Koh also prioritised quality care to meet patients' multiple needs during his term. The foundation introduced nocturnal dialysis to benefit patients who require longer hours of dialysis for better treatment outcomes. This treatment is done ...

ACN Newswire
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Olympus to Support Endoscopic AI Diagnosis Education for Doctors in India and to Launch AI Diagnostic Support Application

indie
4 minutes

TOKYO, Oct 20, 2020 - (ACN Newswire) - Olympus Corporation took part in a ground-breaking project as a business promoter, in cooperation with the Ministry of Internal Affairs and Communications (MIC), entitled, "Survey Study for International Expansion of AI Diagnosis Support System Using Ultra-High Magnifying Endoscopes in India." The project aims to develop advanced endoscopy diagnostics in India, where there are relatively few endoscopists.In collaboration with CYBERNET SYSTEMS CO,. LTD., Olympus has established an AI diagnostic support system at a major medical institution, the Asian Institute of Gastroenterology (AIG) based in Hyderabad, India. Specialist lecturers and physicians from Showa University Northern Yokohama Hospital provided expert guidance to AIG doctors. In addition to training AIG doctors in techniques for detecting diseases and differential diagnosis by colonoscope, they also trained the doctors on how to instruct the next generation of endoscopists.The project started on October 12. At the kick-off meeting, Satoshi Hemmi, Deputy Director-General of the Information and Communications Bureau, the Ministry of Internal Affairs and Communications commented, "We hop...

SeaPRwire
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SkillsFuture Singapore rolling out 2,300 training opportunities in advanced manufacturing

aseanpr
3 minutes

SINGAPORE - There will be 2,300 new training opportunities in advanced manufacturing to help jobseekers to enter this growth sector. This will help manufacturers adapt to the crisis and build the necessary capabilities to thrive in a post-pandemic world. SkillsFuture Singapore (SSG) announced this on Tuesday (Oct 20) in conjunction with this year's Industrial Transformation Asia-Pacific event. Some 500 of these training places are offered by leading companies in Industry 4.0 technology, such as Bosch, Nvidia, Omron, PBA Robotics and Siemens. This initiative is under the SGUnited Mid-Career Pathways Programme, which is part of the national SGUnited Jobs and Skills package to upskill and reskill mid-career workers. Industry 4.0 is about using automation and smart solutions to improve processes in manufacturing. These companies will take the lead in grooming mid-career talent and facilitating placements in hiring firms, where they can take on emerging roles such as industrial design engineers, automation engineers, machine learning specialists and product designers. The programme helps participants to get structured training and practical experience, while working on real projects alo...

SeaPRwire
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Going from hospitality sector to being a trainee in robotics

aseanpr
1 minute

SINGAPORE - Jumping into robotics with no background experience sounds like a tall order, but Mr Mohammad Hasbi Mohammad Shazali, 31, rose to the challenge. Mr Hasbi was laid off from his job in corporate sales in a hotel group in March, as the coronavirus pandemic hit the hospitality industry hard. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.