Category: 3. Business

  • GNV partners with Lloyd’s Register to boost decarbonisation training

    GNV partners with Lloyd’s Register to boost decarbonisation training

    Lloyd’s Register (LR) has collaborated with Italian ferry operator GNV to deliver the third edition of its training programme dedicated to fleet energy efficiency and decarbonisation. 

    The three-day course, which took place from 10 to 12 November at the MSC Training Centre in Sant’Agnello, Sorrento, involved approximately 50 members of the technical and operational staff from across the fleet, including Captains, Chief Engineers, Chief Pursers, First Engineers and Deck Officers.  
     
    The aim was to strengthen skills in energy management, the use of alternative fuels, and the application of digital tools for consumption monitoring and regulatory compliance. 
     
    Jointly developed by GNV’s Energy Efficiency Department and LR technical specialists, the training addressed the main international and EU regulatory frameworks, along with best operational practices, onboard efficiency technologies, and strategies for adopting low-emission fuels such as biofuels and LNG.  
     
    The sessions combined theory, workshops, and practical activities based on data analysis and performance monitoring systems. 
     
    The final day featured presentations from industry partners and stakeholders, including Wärtsilä, Hempel, VARD Fincantieri Group, KROHNE, RINA Digital Solutions and TRADER s.r.l. Worldwide Bunkers & Lubricants Supplier. Topics included emerging technologies, new energy scenarios and digital solutions to enhance the environmental performance of shipping operations. Gianpaolo Dalla Vedova, Legal Representative and Country Leader for Italy, and Antonio Pollio, Senior Client Relation Manager, at LR, also participated in the session. 
     
    This training initiative is part of GNV’s strategy to reduce its environmental impact through technology upgrades, refitting activities, and crew development, supporting an integrated energy management approach and compliance with IMO and EU regulations. 
     
    Ivana Melillo, Energy Efficiency Director at GNV, said: “The collaboration with Lloyd’s Register represents an important step in our decarbonisation journey. Investing in the training of our crews means valuing our people, strengthening professional skills and addressing the new regulatory and operational challenges with greater awareness.  

    “Through the adoption of innovative technologies and best practices in energy efficiency, we are contributing to reducing the environmental impact of our operations and supporting the maritime sector’s transition towards a more sustainable future.” 

    Gianpaolo Dalla Vedova, Strategic Business Partner, Country Leader and Legal Representative for Italy, Lloyd’s Register, said: “Our partnership with GNV reflects LR’s ongoing commitment to supporting maritime operators with tailored services and consultancy in energy management, digitalisation and the adoption of alternative fuels.  
     
    “This training programme is designed to guide shipowners and operators through today’s complex regulatory landscape and accelerate their decarbonisation pathway.” 

    Continue Reading

  • ‘Big Short’ investor Michael Burry to close hedge fund – Financial Times

    ‘Big Short’ investor Michael Burry to close hedge fund – Financial Times

    1. ‘Big Short’ investor Michael Burry to close hedge fund  Financial Times
    2. It’s curtains for Michael Burry  investingLive
    3. ‘I don’t understand this market’, Man who predicted 2008 crash exit business again  financialexpress.com
    4. Michael Burry, ‘The Big Short’ investor  TradingView
    5. Michael Burry de-registers his hedge fund. ‘Onto much better things’ he says.  MarketWatch

    Continue Reading

  • Starbucks union baristas walk out on Red Cup Day in push for contract talks – Reuters

    1. Starbucks union baristas walk out on Red Cup Day in push for contract talks  Reuters
    2. With 92% ‘Yes’ Vote, Union Starbucks Baristas Overwhelmingly Authorize ULP Strike  Starbucks Workers United
    3. An Update on Bargaining and Our Commitment to Partners  Starbucks Coffee
    4. We stand in full solidarity with every barista taking action today! 💜 #nocontractnocoffee  facebook.com
    5. Will Starbucks Strikes Impact CEO Brian Niccol’s Plans?  Business Chief

    Continue Reading

  • US FDA approves Kura Oncology's blood cancer therapy – Reuters

    1. US FDA approves Kura Oncology’s blood cancer therapy  Reuters
    2. FDA Approves Ziftomenib in R/R NPM1-Mutated Acute Myeloid Leukemia  CancerNetwork
    3. Kura Oncology and Kyowa Kirin Announce FDA Approval of  GlobeNewswire
    4. KURA Gains FDA Approval for Key Leukemia Drug  GuruFocus
    5. FDA Approves Komzifti for NPM1-Mutant Acute Myeloid Leukemia  Cure Today

    Continue Reading

  • Reminder: new identity verification rules coming into force on 18 November – Dentons

    1. Reminder: new identity verification rules coming into force on 18 November  Dentons
    2. ECCTA for charities: Filing documents at Companies House  Charles Russell Speechlys
    3. ID verification and the complexities in identifying PSCs  Business & Accountancy Daily
    4. Financial Matters with Fairhurst Accountants  Wigan Today
    5. How to verify ID with Companies House  Lexology

    Continue Reading

  • FTI Consulting Provides Vendor Assistance to Vitruvian Partners in Sale of Solvinity – FTI Consulting

    1. FTI Consulting Provides Vendor Assistance to Vitruvian Partners in Sale of Solvinity  FTI Consulting
    2. Kyndryl announces agreement to purchase cloud-services provider Solvinity  Kyndryl
    3. Kyndryl takeover of Solvinity leads to Dutch sovereignty scare  Techzine Global
    4. Dutch governments caught off guard by American tech firm buying Dutch cloud company  NL Times
    5. Dutch cloud firm Solvinity taken over by US IT giant Kyndryl  DutchNews.nl

    Continue Reading

  • ELC and Springer-Nature Celebrate Winners of the 2025 Inspiring Women in Science Awards – The Estée Lauder Companies Inc.

    ELC and Springer-Nature Celebrate Winners of the 2025 Inspiring Women in Science Awards – The Estée Lauder Companies Inc.

    The 2 global awards honor women whose groundbreaking research is shaping the future of science and the educators and advocates who are helping the next generation to push boundaries even further through two distinct categories: the Scientific Achievement Award and the Science Outreach Award.

    This year, the program received 480 submissions across both categories, representing participants from more than 50 countries, marking the highest participation to date. Applicants represented disciplines across the natural and applied sciences, medicine, and engineering, highlighting the range of innovation driven by women worldwide. Throughout this year’s awards cycle, leaders from The Estée Lauder Companies’ Research & Development team were once again proud to represent on the judging panel for each of the awards, with Lisa Napolione, Senior Vice President, Global Research and Development, serving on the Scientific Achievement and Science Outreach panels, and Sarah Vickery, Senior Vice President, Global Scientific Communications & Translational Media, serving on the Science Outreach panel.

    On the evening of the awards ceremony, Lisa Napolione introduced the Scientific Achievement category, which recognizes early-career women researchers who have completed their PhD within the past decade and made exceptional contributions to scientific discovery, and reflected on the importance of visibility in science:

    Continue Reading

  • Gas-Permeable Contact Lenses Provide Superior VA in Children After Surgery

    Gas-Permeable Contact Lenses Provide Superior VA in Children After Surgery

    The use of rigid gas-permeable contact lenses (RGPCLs) in children undergoing surgery for primary congenital glaucoma (PCG) may be the preferred method of preserving visual acuity (VA) based on results published in JAMA Ophthalmology,1 which found that those using RGPCLs had superior VA and contrast sensitivity compared with those who continued to wear spectacles.

    Developmental anomalies that lead to an elevated intraocular pressure (IOP) are the cause of PCG, which can lead to blindness in children.2 Visual potential in children with PCG can be maximized through intervention, primarily through amblyopia treatment and early optical correction. However, spectacle correction is often inadequate to treat the full scope of the visual problems, and the use of RGPCLs in children has been understudied. This study aimed to compare the efficacy and safety of RGPCLs with continued use of spectacles in children who are undergoing long-term postoperative visual rehabilitation to address their PCG.1

    The Contact Lens for Vision Rehabilitation in PCG Children (CLEVR-PCG) study took place at the Zhongshan Ophthalmic Center in Guangzhou, China. Participants were assessed at baseline, 6 months, and 12 months. All participants were children aged between 4 and 15 years, had a postoperative IOP of 21 mmHg or lower on 2 consecutive visits, had at least 1 eye that had PCG, and had a minimum follow-up of 6 months after the most recent surgery. Those who had a nonglaucoma-related corneal pathology, had a corneal clarity of 3 or worse, had known allergies to contact lenses or care solutions, had conditions that did not allow for safe use of RGPCL, or had an inability to cooperate with testing of VA were excluded from the study.

    All participants were randomized 1:1 to either RGPCL or spectacles. Children given RGPCL were given optical correction contact lenses that were designed specifically for pediatric patients. Patching therapy was prescribed to any child with amblyopia. Efficacy in visual improvement and safety of RGPCLs acted as the primary outcomes of the study. This was tested in the worse eye based on best-corrected VA (BCVA) at baseline. Changes in contrast sensitivity function (CSF) for the worse eye acted as the secondary outcome.

    There were 56 children randomized between April 21, 2022, and August 21, 2023, into the 2 groups: 29 in RGPCL and 27 in spectacles. The mean (SD) age of the children was slightly older in the RGPCL group (7.7 [2.7] vs 7.2 [3.2] years), and the spectacles group had slightly more boys (54.2% vs 58.3%). The RGPCL group also had a slightly worse mean BCVA (0.99 [0.71] vs 1.02 [0.74] logMAR) compared with the spectacles group. Prior to the study, participants had worn spectacles for 4.4 (2.5) years in the RGPCL group and 2.5 (1.9) years in the spectacles group.

    Worse-eye BCVA was improved in the RGPCL group compared with the spectacles group after 1 year (mean improvement, 0.31 [0.28] vs 0.12 [0.33] logMAR). BCVA was 0.16 (0.17) in the RGPCL group compared with 0.38 (0.37) in the spectacles group after 1 year in the better-seeing eyes. The worse-seeing eyes had a BCVA of 0.69 (0.65) in the RGPCL group compared with 0.90 (0.78) in the spectacles group. A total of 62.5% of the RGPCL group had an improvement of 2 or more lines in the BCVA of the worse eye compared with 37.5% of the spectacles group.

    Glaucoma indicators, refractive development, and anterior segment parameters were not different between the 2 groups. There were 2 participants who discontinued use of RGPCL due to lens handling difficulties and foreign body sensations, with no serious adverse effects reported.

    There were some limitations to this study. Masking the 2 groups was challenging due to the visible difference between groups; this could have introduced measurement bias. Generalizability could be limited due to the strict inclusion criteria and due to all participants coming from a single center. Distance and everyday visual performance were not addressed due to evaluating only near distance vision. Long-term effects of refractive development, filtering bleb outcomes, and IOP stability could not be assessed due to the shorter follow-up time.

    “The CLEVR-PCG randomized clinical trial demonstrates that RGPCLs significantly enhanced vision rehabilitation in children after PCG surgery compared with spectacles,” the authors concluded. “These results support RGPCLs as an alternative for children with poor spectacle response.”

    References

    1. Jiang J, Hu Y, Zhu Y, et al. Visual outcomes of children with primary congenital glaucoma receiving different refractive corrections: the CLEVR-PCG randomized clinical trial. JAMA Ophthalmol. Published online November 6, 2025. doi:10.1001/jamaophthalmol.2025.3976

    2. Congenital glaucoma. Cleveland Clinic. Updated October 8, 2024. Accessed November 12, 2025. https://my.clevelandclinic.org/health/diseases/congenital-glaucoma

    Continue Reading

  • Ropes & Gray Represented Samsonite on Its Entry into New Senior Credit Facilities and Its Issuance of €350 Million Senior Secured Notes Due 2033 | News & Events

    Ropes & Gray Represented Samsonite on Its Entry into New Senior Credit Facilities and Its Issuance of €350 Million Senior Secured Notes Due 2033 | News & Events

    Ropes & Gray represented Samsonite Group S.A., a leader in the global lifestyle bag industry and the largest travel luggage company, in connection with the refinancing of the company’s existing senior secured notes and senior secured credit facilities. The refinancing included the issuance of €350 million Senior Secured Notes due 2033, a new $800 million tranche A Term Facility due 2030, a new $494 million tranche B Term Facility due 2032 and a new $850 million Revolving Credit Facility due 2030. The bank financing closed on November 6, 2025 and the bond financing closed on November 11, 2025.

    A cross-border team from Ropes & Gray’s London and U.S. offices advised on the deal. Stefanie Birkmann, a finance partner in New York, led on the bank financing, alongside associates Kavita DeVaney (New York), Hayden Frye (Los Angeles) and Wouter Korevaar (New York). Michael Kazakevich, a finance partner in London, led on the bond financing, supported by associates Daniel Wilson (Boston), Henry Gee (London) and Kennedy Myers (San Francisco). Tax advice was provided by partner David Saltzman, counsel Sara Clevering and associate Elizabeth Sun, all based in Boston.

    Continue Reading

  • France and Netherlands mull own versions of Germany’s Sprind innovation agency

    France and the Netherlands are mulling setting up their own versions of Germany’s Sprind innovation agency, which organises multi-stage competitive challenges to invent new technologies and promises to deliver money much faster than conventional funders. 

    The French Ministry for Europe and Foreign Affairs has for the past two years seconded one of its employees to Sprind to see how it operates, and Sprind’s founder is now co-leading a task force to scope out how France could adopt its model. 

    Meanwhile, Sprind agreed earlier this year to launch joint technology challenges with the Swedish innovation agency Vinnova. And the Dutch are also thinking of setting up their own Netherlands Agency for Disruptive Innovation (NADI).

    “The initiatives with France and the Netherlands and Sweden, they are not just ideas. They’re real,” Sprind’s founder Rafael Laguna de la Vera told Science|Business in an interview on the sidelines of the Falling Walls science conference in Berlin on November 7. 

    Mathilde Vivot, who has been seconded to Sprind from the French government, said that “all options are on the table and these scenarios, including Sprind’s model, will be duly analysed by a common task force.” 

    That task force will be led by de la Vera and Nicolas Dufourcq, chief executive of Bpifrance, a public investment bank, and will officially start work next week. Last month, Sprind and Bpifrance signed a memorandum of understanding to work more closely together, and launch joint calls for proposals. 

    For now, it’s not clear if France will set up an entirely new agency, or simply get Bpifrance or other funders to adopt some of Sprind’s ideas. 

    “That’s all to be decided,” said de la Vera, although he hopes France will indeed set up a new institution. “I think we have to create something new,” he said, because although Bpifrance was “doing a marvellous job for 20 years,” it is not an innovation agency. 

    On the other hand, Bpifrance has “achieved a level of freedom that I am even envious of. They’re like a private entity. I’m sort of half [private] half [public],” he said.

    Ultimately it will be a “political decision” what elements of the Sprind model France adopts, de la Vera said. Regardless of the outcome, Sprind and Bpifrance want to launch joint challenge calls “really quickly,” he added. 

    The Netherlands too

    Dutch efforts are not quite as advanced as French interest. “Right now it’s a commission,” , de la Vera said.

    In July, the previous Dutch government announced a plan to bolster the country’s innovativeness, including scoping out NADI, which would be inspired by Sprind, the UK’s new Advanced Research and Invention Agency, and the US Defense Advanced Research Projects Agency.

    NADI would offer challenge-based programmes involving “temporary teams of top experts from knowledge institutions and the business community. They are given a clear goal, a limited timeframe, and room to experiment,” the plan says. 

    Following the Dutch general election at the end of October, however, it could take months to form a new government, and it’s unclear to what extent any new coalition will adopt the NADI idea

    Still, the scoping exercise is continuing, with de la Vera travelling to The Hague in mid-December. 

    The Sprind model

    The French and Dutch interest is the latest sign that European policymakers are looking to Sprind to radically shake up the way public innovation and technology development is done. 

    The agency was lauded by former Italian prime minister Mario Draghi in his report last year diagnosing the EU’s economic woes. 

    Draghi wants the EU to fund more “disruptive innovation,” with “a greater use of innovation challenges, similar to those developed by the German Sprind agency.”

    The EU’s own agency, the European Innovation Council (EIC), is next year piloting its own challenges. These draw in part on the Sprind model, which pits teams against each other to develop a real-world technology, with some teams eliminated each year. Aside from challenges, Sprind also has a rolling open call for teams with breakthrough ideas. 

    One of Sprind’s selling points is how quickly it gets money to successful applicants. For its challenges, its target is 14 days from a call closing to winners getting money in the bank. The most driven innovators won’t wait months or even years for more conventional research funding, the agency argues, so speed is essential. 

    De la Vera said he was speaking to Michiel Scheffer, president of the EIC, to help the council speed up its own grants. The EIC hopes to get money to challenge applicants within two months

    “Of course, he has a harder nut to crack than me,” said de la Vera. “We only have one government. He has 27; that’s always a little more complex. And Brussels bureaucracy is probably also a little more complex than the German one.” 

    No BioNTech yet

    For all the attention it has received so far from European policymakers, Sprind is still only six years old, and can’t boast of spawning a breakthrough technology just yet. 

    Still, it has backed a real world project to build the world’s tallest wind turbine, and 28 of its supported companies have so far received Series A or B funding. A five-year assessment in 2024 stressed it would take time before breakthrough companies emerged. 

    “Of course, we want the next BioNTech or something,” said de la Vera, referring to the start-up whose messenger RNA technology underpinned the first Covid vaccine. “If that happens, and it’s public and it has a valuation of €50 billion, nobody will ask questions anymore. But that takes 10, 15 years until that happens. We’re only here for six.” 

    Think tank

    Sprind has also become something of a think tank on innovation policy, as well as a funder, advising the German government on how to make innovation easier and faster.

    It has consulted on reforming German universities’ technology transfer office system, and is also funding a project to create European digital wallets, so that entrepreneurs don’t have to repeatedly visit German government offices to obtain various documents when founding a start-up. It can take new companies up to six months to get a tax number and become operational, said de la Vera.

    “When I started Sprind, I thought it was going to be very simple,” he said. “You just pull out great projects, and then you help them flourish. Then you suddenly recognise that there are so many systematic breaks built into all these systems.” 


    Related articles


    Asked whether the EU innovators lacked ideas, or the funding to scale them up, de la Vera said that money to grow was the bigger impediment.

    “If you look at the number of patents per capita, we’re good, better than the US,” he said. “But when you look at the number of unicorns, we have a 20th [. . .] and that’s the problem.” 

    This implies that what Europe needs even more than new innovation agencies is a better functioning capital market for new companies. 

    “I wish we had a capital market union,” said de la Vera. “We are also supporting EU Inc [a campaign for a pan-European company structure]. We’re signing the petitions, we’re talking to politicians.”

    Continue Reading