In this week’s Roar: Worsening congestion in Singapore, the ILA labor talks, a shortage of containers, the rise in cargo theft, and the growing use of automation in logistics. Congestion at Singapore’s container port is at its worst since the pandemic, underscoring the global impact of rerouting vessels to avoid attacks by Houthi pirates in the Red Sea. The congestion is impacting manufacturers, retailers, and consumers as shipping times and costs increase. Singapore has seen a 22% increase in its average...

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Key Notes: New sanctions and export controls on Russia and Belarus became effective June 12, 2024. New OFAC prohibition on certain IT and software services to Russia begins September 12, 2024. Hundreds of individuals and entities designated as SDNs for supporting Russia’s war efforts. New license requirements for certain software exports to Russia and Belarus become effective September 16, 2024. BIS narrows License Exception Consumer Communications Devices (CCD) for Russia and Belarus. BIS adds high-risk addresses and more entities...

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If there is a single word to describe the current state of the aerospace, defense, and airlines industry, it would be “disruption.” From supply chain to talent wars, digitization to production ramp ups, every trend points to higher stakes, a faster pace, fresh technology, and a tug-of-war between the big primes and new incumbents battling over their piece of a multi-trillion-dollar pie. AlixPartners took a detailed look at the impact disruption has on C-Suites over the last five years and...

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Through the ‘i-Démo’ call for projects under the France 2030 plan, operated by Bpifrance on behalf of the French government, Cilcare is further consolidating its international leadership by being the first biotech to launch a diagnostic aid for synaptopathy and to clinically validate the efficacy of CIL001, an innovative drug for the treatment of this condition affecting 15% of the population. Cilcare is one of 600 French companies to have been selected, and has received €4.2 million in...

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More climate-friendly production of foods, clean fuels and chemicals in Europe is receiving a boost from the EU-Catalyst partnership, a joint initiative by the European Investment Bank (EIB), the European Commission and Breakthrough Energy Catalyst. Energy equipment manufacturer Rondo Energy is receiving €75 million through grants and venture debt (subject to the satisfaction of funding conditions), so it can deploy in Europe a technology for turning intermittent renewable electricity into the continuous, high-temperature heat and power required by food, clean-fuel and...

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The Council of the EU approved the AI Act on 21 May 2024 and it is now expected to enter into force by June 2024. With the exception of certain provisions of the AI Act, such as prohibited AI, the main obligations will apply two years after it commences. Oversight will be managed by national supervisory authorities including: The AI Office The AI Board A scientific panel, and A stakeholder advisory forum. Following the announcement of the adoption of the AI Act,...

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Article by Brandon Bowers | These costs are one reason why ransomware attacks are particularly damaging to small businesses, 60 percent of which are forced to go out of business within six months following a breach.   PROTECTING AGAINST RANSOMWARE ATTACKS One of the first steps small- and mid-size businesses should take to protect themselves against ransomware attacks is understanding how these scams begin. Countless studies have found that the most common ways criminals access victims’ systems are 1) phishing scams, in...

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€5 billion for high-speed rail, urban transport and upgrading ports €2.6 billion for onshore wind, upgrading electricity grids, small scale renewables and biofuels €2.9 billion for urban development, education, housing, health and water €2.1 billion for corporate innovation, steel and semiconductor business financing The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help...

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NEW YORK – June 21, 2024: Trepp, Inc., a leading provider of information, analytics, and technology solutions to the structured finance, commercial real estate (CRE), and banking markets, announced today that its Chief Executive Officer, Annemarie DiCola, has been honored with the Groundbreakers Award from Fordham University’s Real Estate Institute (REI). This prestigious award recognizes leaders who have made significant contributions to the CRE industry. Annemarie was honored on the evening of June 18th at the Building Futures Annual Awards Gala,...

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€5 billion for high-speed rail, urban transport and upgrading ports €2.6 billion for onshore wind, upgrading electricity grids, small scale renewables and biofuels €2.9 billion for urban development, education, housing, health and water €2.1 billion for corporate innovation, steel and semiconductor business financing The Board of Directors of the European Investment Bank (EIB) today approved €12.8 billion of new financing to upgrade sustainable transport, increase renewable energy use, build new student housing, improve earthquake and flood protection, and help...

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