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Ocado Retail to close oldest fulfilment centre in shift to robotic facilities
Ocado Retail, the online supermarket joint venture between Ocado Group and Marks & Spencer, has announced that it will stop operations at its Hatfield customer fulfilment centre in the summer. The move comes as the company shifts to robotic customer fulfilment centres, which are more productive and have lower energy usage. According to the company,…
First payment of £301 cost of living grant starts rolling out to over 8 million UK households
The government has introduced the cost of living grant to help households cope with the rising costs of living in the UK amidst job losses, reduced hours, and increased living expenses. The cost of living grant is part of the government’s wider efforts to support those who have been most affected. Along with the grant,…
Over a million Texans to lose medicaid coverage amid federal spending pullback
As the COVID-19 pandemic continues to impact federal healthcare spending, over a million Texans are expected to lose their Medicaid coverage over the next year. The state’s Department of Health and Human Services is currently reviewing Medicaid rolls to determine who qualifies, a process that was postponed during the pandemic. However, public health experts predict…
Netflix to invest $2.5 billion in South Korea for producing Korean content
On Tuesday, Netflix announced its plans to invest $2.5 billion in South Korea over the next four years, doubling the company’s investment in the market since 2016. The investment will be focused on producing Korean TV series, movies, and unscripted shows. The announcement came after a meeting between Netflix co-CEO Ted Sarandos and South Korean…
Apple’s rumored VR headset to feature external battery pack
Apple’s rumored virtual reality headset, the Reality Pro, is reportedly taking an unusual approach by having an external battery pack. This news was revealed by Mark Gurman, a notable industry analyst in a recent Bloomberg newsletter. Gurman claims that Apple made the choice to include the external battery pack to “reduce weight and improve comfort”…
Amazon delays launch of NFT Marketplace to May 15, citing readiness issues
Amazon has pushed back the launch of its highly anticipated NFT marketplace, the Amazon Digital Marketplace, from April 24 to May 15. The e-commerce giant cited technical and commercial challenges as the reasons for the delay. The marketplace was set to offer about 15 NFT collections on its launch day, but now 80 NFT collections,…
Binance launches Wrapped Beacon ETH (WBETH) to enhance Ethereum liquid staking market
Binance has launched a new token called Wrapped Beacon ETH (WBETH) to give users more flexibility when it comes to using their staked ETH in DeFi protocols. The exchange announced on April 24 that it had rebranded its ETH 2.0 Staking to ETH Staking and had introduced the WBETH on its ETH Staking service. Each…
Guild Esports signs three-year sponsorship and merchandising deal with Hummel
LONDON, UK: Global teams organisation and lifestyle brand, Guild Esports (LSE: GILD) has signed a three-year sponsorship and merchandising deal with hummel International Sport & Leisure A/S (“hummel”), a leading global sports and fashion brand and manufacturer of high-quality sportswear, and its UK licence and rights holder SportsPro. The sponsorship will generate up to £700,000…
CAP-XX’s high-performance supercapacitors now available from Digi-Key globally
SYDNEY, AUSTRALIA: CAP-XX Limited, a leading manufacturer of supercapacitors, has announced that its full range of high-performance supercaps is now available from global authorized distributor Digi-Key. The range includes ultra-thin prismatics, small cylindricals, large cylindricals, and hybrid supercaps, offering design engineers a variety of options to choose from. Digi-Key, which has annual sales of over…
PPHE Hotel Group secures regulatory approval for European Hospitality Real Estate Fund
LONDON, UK: PPHE Hotel Group has announced that it has received the necessary regulatory approvals for its newly launched European Hospitality Real Estate Fund. The Fund allows the company to accelerate its strategy of identifying, acquiring, and developing hotel assets across key European markets. PPHE plans to participate in the Fund with an amount of…
HICL to sell 30% equity stake in US toll-road project for $86 million
LONDON, UK: HICL Infrastructure Company Limited (HICL) has agreed to dispose of 30% of its equity interests in the US Northwest Parkway toll-road project (NWP) for a consideration of approximately USD 86 million. The proceeds from the sale are higher than the company’s pro-rata asset valuation in March 2022. The transaction is expected to be…