billions

The United Kingdom sets its sights on becoming a dominant force in space launches.

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Time Stamp: March 20, 2023 11:39 AM - Modified On: March 20, 2023 - Published By:
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The United Kingdom has set its sights on becoming a dominant force in space launches, with the government announcing plans to establish a new spaceport in Scotland. The move is part of a wider strategy to boost the country's space industry and increase its share of the global market for satellite launches.The UK has a long history of involvement in space exploration, with the country playing a key role in the development of the European Space Agency (ESA) and contributing to numerous space missions over the years. However, until now,

China to Become a Leading Metaverse Technology Innovator by 2023: Report

Source Node: https://zephyrnet.com/report-china-will-become-a-metaverse-tech-leader-during-2023/
Time Stamp: March 20, 2023 4:30 AM - Modified On: March 20, 2023 - Published By:
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In recent years, China has become a major player in the global technology industry. With its growing economy and population, the country has become a major hub for innovation and development. Now, a new report from the World Economic Forum (WEF) predicts that by 2023, China will become a leading innovator in the field of metaverse technology. Metaverse technology is a type of virtual reality (VR) technology that allows users to interact with virtual worlds and objects in a 3D environment. It has been used for gaming, entertainment, education, and

Meta Announces 10,000 Job Cuts and Refocusing on Core Projects

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Time Stamp: March 19, 2023 1:14 AM - Modified On: March 19, 2023 - Published By:
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In a move that has sent shockwaves through the business world, Meta recently announced that it would be cutting 10,000 jobs and refocusing its efforts on core projects. This news has been met with both surprise and concern, as Meta is one of the world’s largest companies and has been a leader in the technology industry for decades.Meta has been struggling in recent years, as competition from other tech giants has increased and the company’s profits have declined. In an effort to remain competitive, the company has decided to cut

The 25 Biggest Private Equity Firms Globally

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Time Stamp: March 18, 2023 5:49 PM - Modified On: March 18, 2023 - Published By:
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Private equity firms are a major force in the global economy, with some of the largest and most influential firms managing billions of dollars in assets. These firms are responsible for investing in and managing companies, often with the goal of increasing their value and profitability. In this article, we’ll take a look at the 25 biggest private equity firms globally, ranked by total assets under management.1. Blackstone Group – $571 billionBlackstone Group is the largest private equity firm in the world, with total assets under management of $571 billion.

Credit Suisse Shares Plummet as Bank Joins List of Struggling Financial Institutions

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Time Stamp: March 15, 2023 9:10 PM - Modified On: March 15, 2023 - Published By:
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The recent news that Credit Suisse shares have plummeted has sent shockwaves through the financial world. The Swiss banking giant has joined a growing list of struggling financial institutions, with its stock price dropping by more than 20 percent in the last month. This is a worrying sign for investors, as Credit Suisse has long been considered one of the most reliable and stable banks in the world. The cause of the dramatic decline in Credit Suisse shares is likely due to a combination of factors. Firstly, the bank has

U.S. Government to Ensure Silicon Valley Bank Customers Can Access All Deposits Starting Monday

Source Node: https://zephyrnet.com/u-s-government-guarantees-silicon-valley-bank-customers-will-have-access-to-all-of-their-deposits-starting-monday/
Time Stamp: March 13, 2023 12:48 AM - Modified On: March 13, 2023 - Published By:
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The U.S. government is taking steps to ensure that customers of Silicon Valley Bank can access all of their deposits starting Monday. This comes as the bank has been facing financial difficulties due to the coronavirus pandemic.The Federal Deposit Insurance Corporation (FDIC) has announced that it is providing a temporary guarantee for all deposits held at Silicon Valley Bank. This guarantee will ensure that customers can access their funds without any disruption. The FDIC is also providing additional liquidity to the bank, which will help it to meet its obligations

Copperstring 2 Project to Invest Coal Money in 6-Gigawatt Renewable Energy Initiative

Source Node: https://zephyrnet.com/copperstring-2-coal-money-to-buy-6-gigawatt-renewable-project/
Time Stamp: March 12, 2023 4:57 AM - Modified On: March 12, 2023 - Published By:
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The Copperstring 2 Project is an ambitious renewable energy initiative that seeks to invest coal money in a 6-gigawatt renewable energy project. The project is being spearheaded by a consortium of private companies, including the Queensland Government, and is expected to create thousands of jobs and inject billions of dollars into the economy.The project will be the largest renewable energy project in Australia and will involve the construction of a 6-gigawatt transmission line from Townsville to Mount Isa. This will enable the transmission of renewable energy from the north to

Stellantis’ Joint Venture to Launch Gigafactory in Italy in 2026

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Time Stamp: March 11, 2023 3:00 PM - Modified On: March 11, 2023 - Published By:
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In a move that is sure to revolutionize the automotive industry, Stellantis recently announced a joint venture with a group of Italian investors to launch a Gigafactory in Italy by 2026. This factory will be the first of its kind in Europe and will produce electric vehicles (EVs) for the European market. The Gigafactory will be located in the northern Italian city of Turin and will be operated by Stellantis and its partners. The factory will have an annual production capacity of up to 500,000 EVs and will employ up

BEC Fraud Losses Surpass $3 Billion as Cybercriminals Target Pig Butchering and Investment Scams

Source Node: https://zephyrnet.com/pig-butchering-investment-scams-the-3b-cybercrime-threat-overtaking-bec/
Time Stamp: March 10, 2023 9:49 PM - Modified On: March 10, 2023 - Published By:
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The world of cybercrime is a constantly evolving landscape, and one of the most recent trends is the rise of Business Email Compromise (BEC) fraud. BEC fraud is a type of scam in which criminals use email or other electronic communication to impersonate a legitimate business or individual in order to gain access to sensitive information or financial resources. In recent years, BEC fraud has become increasingly sophisticated and successful, resulting in losses of more than $3 billion in 2019 alone.One of the most common types of BEC fraud is

BEC Fraud Losses Exceed $3 Billion as Cybercriminals Target Pig Butchering and Investment Scams

Source Node: https://zephyrnet.com/pig-butchering-investment-scams-the-3b-cybercrime-threat-overtaking-bec/
Time Stamp: March 10, 2023 9:49 PM - Modified On: March 10, 2023 - Published By:
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In recent years, cybercrime has become an increasingly serious problem, with billions of dollars in losses reported each year. The latest figures from the FBI's Internet Crime Complaint Center (IC3) show that business email compromise (BEC) fraud losses have now exceeded $3 billion. BEC fraud is a type of cybercrime in which criminals use social engineering techniques to gain access to corporate emails and networks, allowing them to steal money or data.The majority of BEC fraud losses are due to two types of scams. The first is pig butchering, in