To prevent derivatives clearinghouses’ failure from wreaking havoc throughout the financial system, the European Union plans to give authorities sweeping powers to tackle ailing the clearinghouses. Rules on saving or shuttering clearinghouses that would apply to firms such as London-based LCH, have been laid down in the draft EU legislation, reported the media. From the powers…
Not only is VRC’s solution more precise, it can also render the scan in under 2 minutes. Airports, gaming business and fashion houses could significantly benefit from this technology. These days, 3D scanners come in all shapes and sizes with the bigger one commanding a heftier price tag. While earlier full body scanning solutions needed…
Henrik Fisker has once again given tall claims and is short on facts and figures. Let’s hope his battery tech is a breakthrough. With the automobile industry heating up, it isn’t surprising to see Henrik Fisker back in the news. Fisker Inc. (different from Karma Revero) is the latest venture from this talented designer. Bloomberg…
Although the car starts at $27,100, you can avail federal tax credit. Although Toyota’s latest entry into the plug-in hybrid car market is the Prius Prime, but unlike its name, the car manufacturing company has been nice enough not to charge a heavy premium for it: in the U.S. the Prime will set you back…
Although civilians can buy it, Chevy is eyeing the military with the Zh2. While the recent launch of automobiles have focused on regular folks, Chevy’s latest model is targeted at not only eco-conscious civilians but the military as well. Chevy’s Colorado ZH2, is in fact an experimental truck designed to test the feasibility of fuel…
Within the next decade HIV may not pose such a serious threat as it does now. In the battle to conquer the HIV virus, researchers have typically focused on preventative medicine and ways to suppress it, however, British researchers have however taken Robert Frosts proverbial road less travelled and have inched towards a probable cure.…
The power generated by the tiles will not only power the square’s fountain but also the electrical needs for its public toilet. In a development that could potentially increase the onset of solar energy in our lives, Solar Roadway has installed its first solar tiles in Sandpoint, Idaho, as part of a public test. The…
As part of a broader push to make electric cars more mainstream and counter ambitious plans from rivals, BMW AG will roll out the first battery-powered model of its urban Mini brand. Chief Executive Officer Harald Krueger said on Friday in an interview that a battery-powered version of the BMW X3 sport utility vehicle in 2020…
This is yet another milestone in the march towards optical computers. Researchers at the Pierre and Marie Curie University in Paris, led by Professor Julien Laurat have created the world’s smallest mirror. This remarkable feat has been achieved by using just 2,000 atoms of cesium. According to Neil Corzo, a postdoctoral fellow who is the…
The Generation EQ has a range of 311 miles on a single charge. Can burn the road at 0-60 in less than 5 seconds. Will go on production later in 2019. Competes against Tesla Model X and Audi’s e-tron Quattro. Although Mercedes-Benz had confirmed that it was working on a sub-brand that will host its…
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