Category: 3. Business

  • Arkema employees honored by acs for Kynar® PVDF innovation in batteries Arkema employees honored by acs for Kynar® pvdf innovation in batteries

    Arkema employees honored by acs for Kynar® PVDF innovation in batteries Arkema employees honored by acs for Kynar® pvdf innovation in batteries

    Kynar® HSV 900 PVDF has demonstrated exceptional versatility, gaining widespread commercial adoption alongside a broad range of cathode active materials, especially lithium iron phosphate (LFP), and has since become a legacy market reference in the battery industry. To date, Kynar® HSV 900 PVDF has already enabled the production of batteries powering over 10 million electric vehicles.

    The development of advanced materials for efficient, long-lasting batteries for electric vehicles is essential to mitigate the impacts of climate change through the diminution of the carbon footprint of transportation. Kynar® HSV 900 plays a critical role in improving the performance, safety and longevity of lithium-ion batteries, key components in EV and energy systems.

    The adoption underscores the critical role of Kynar® HSV 900 has played in enabling the rise of LFP technology, an increasingly preferred solution for EV batteries due to its safety, cost-efficiency and long cycle life. In 2024, the rapid growth of LFP-powered electric vehicles continued, with over 850 GWh of batteries produced.

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  • Kirkland Advises Thoma Bravo-Backed Flexera on Recapitalization | News

    Kirkland & Ellis advised Thoma Bravo portfolio company Flexera Software, a global leader in technology spend and risk intelligence, on its debt financing recapitalization. KKR, through its managed credit funds and accounts, served as the lead investor in the transaction, with KKR Capital Markets acting as Lead Arranger and Bookrunner.

    Read the transaction press release

    The Kirkland team included debt finance lawyers Fred Lim, Omar Raddawi, Matt Park and Jay Gao; and corporate lawyers Corey Fox, Brad Reed, Peter Stach, Steven Page and Ian Hesterly.

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  • DXC Named a Leader in Everest Group’s Custom Application Development Services PEAK Matrix® Assessment 2025 Report

    DXC Named a Leader in Everest Group’s Custom Application Development Services PEAK Matrix® Assessment 2025 Report

    ASHBURN, Va., August 20, 2025 – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been named a Leader by global research firm Everest Group in its new report, “Custom Application Development Services PEAK Matrix® Assessment 2025.” This recognition underscores DXC’s leadership in building differentiated, scalable and secure custom applications tailored to business needs. 

    Everest Group highlighted DXC’s strengths in leveraging GenAI platforms, as well as in efficiency and productivity, identifying and recruiting top-tier talent with critical expertise, and maintaining high delivery standards. DXC’s GenAI platform equips software engineers with a catalogue of powerful, governed and secure AI-powered assets and services, including coding assistants to accelerate software development, simplify complexities and reduce operational costs.  

    “At DXC, we manage over 20,000 applications for clients globally and have transformed over 2 billion lines of code. We help enterprises streamline, modernize and accelerate their most critical applications, enabling greater agility and growth,” said Anand Srivastava, Global Service Line and Capability Lead for Custom Application Services at DXC. “Our deep industry expertise and AI-driven innovation delivers measurable outcomes for our customers, and we’re honored to have our work recognized by Everest Group.” 

    Serving 2,000 customers in over 70 countries across industries including transportation, retail, telecommunications, and energy, DXC’s intelligent automation and data-driven systems have resulted in a 25% acceleration of application development and 40% faster application testing for customers. 

    “DXC Technology has established itself as a Leader in the custom application development space, backed by its strong in-house capabilities and consistent delivery performance,” says Ankit Gupta, Vice President at Everest Group. “With its AI platforms, the company accelerates software development by leveraging GenAI driven automation, significantly boosting productivity and efficiency. Clients value DXC’s ability to identify and onboard top-tier talent, as well as its steadfast commitment to delivery excellence. These strengths have contributed to DXC’s positioning as a Leader in Everest Group’s Custom Application Development Services PEAK Matrix® Assessment 2025.” 

    The PEAK Matrix® is a framework to assess leading application services providers’ relative market success and overall capability. The assessment is based on a comprehensive evaluation of 31 leading technology providers inclusive of case studies, interactions with service providers, client reference checks, and an ongoing analysis of the application services market. Leaders are placed based on their vision and strategy, ecosystem investments, ability to stay ahead of market trends, and maintenance of growth momentum. 

    As a trusted Custom Applications Services partner to enterprises across the globe, DXC empowers customers to take advantage of the latest digital platforms with custom applications, enabling increased resiliency, new product launches, and entrance into additional markets with minimal disruption. 

    An excerpt of Everest Group’s report is available to view here. To learn more about DXC’s Custom Application Services, click here.  

    About DXC Technology  

    DXC Technology (NYSE: DXC) is a leading global provider of information technology services. We’re a trusted operating partner to many of the world’s most innovative organizations, building solutions that move industries and companies forward. Our engineering, consulting and technology experts help clients simplify, optimize and modernize their systems and processes, manage their most critical workloads, integrate AI-powered intelligence into their operations, and put security and trust at the forefront. Learn more on dxc.com. 

    Disclaimer  

    Licensed extracts taken from Everest Group’s PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis.  All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking.  To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports.  

    About Everest Group  

    Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group’s PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com. 

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  • Donald Trump calls on Federal Reserve governor Lisa Cook to resign

    Donald Trump calls on Federal Reserve governor Lisa Cook to resign

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    Donald Trump has called on Federal Reserve governor Lisa Cook to resign, after one of his top allies in government called for an investigation into the central banker over alleged wrongdoing related to home mortgages.

    “Cook must resign, now!!!” Trump said in a Truth Social post on Wednesday.

    Trump’s call for Cook to resign came hours after Bill Pulte, head of the Federal Housing Financing Agency and a staunch ally of the president, published a letter claiming the central bank official had “falsified bank documents and property records to acquire more favorable loan terms”.

    Pulte, a strong critic of the Fed and its chief Jay Powell, called on the US justice department to investigate the allegations.

    The calls are the latest attack from the Trump administration on the US central bank and its staff. The president has called Powell a “numbskull and a “moron” over his refusal to comply with Trump’s wishes to aggressively cut interest rates. Trump has also sharply criticised a $2.5bn renovation of the Fed’s headquarters in Washington.

    In the letter, posted on social media site X, Pulte alleged that Cook had declared in financial documents that two homes bought within months of each other would both be her primary residence. Pulte claimed one of the homes was later advertised for rent.

    A spokesperson for the Fed and for Cook could not immediately be reached for comment.

    This is a developing story

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  • Winged ferry that glides like a pelican tested for coastal transportation

    Winged ferry that glides like a pelican tested for coastal transportation

    NORTH KINGSTOWN, R.I. — The winged passenger ferry gliding over the surface of Narragansett Bay could be a new method of coastal transportation or a new kind of warship.

    Its maker, Regent Craft, is betting on both.

    Twelve quietly buzzing propellers line the 65-foot (20-meter) wingspan of Paladin, a sleek ship with an airplane’s nose. It looks nothing like the sailboats and fishing trawlers it speeds past through New England’s largest estuary.

    “We had this vision five years ago for a seaglider — something that is as fast as an aircraft and as easy to drive as a boat,” said CEO Billy Thalheimer, jubilant after an hours-long test run of the new vessel.

    On a cloudy August morning, Thalheimer sat in the Paladin’s cockpit and, for the first time, took control of his company’s prototype craft to test its hydrofoils. The electric-powered watercraft has three modes — float, foil and fly.

    From the dock, it sets off like any motorized boat. Farther away from land, it rises up on hydrofoils — the same kind used by sailing ships that compete in America’s Cup. The foils enable it to travel more than 50 miles per hour — and about a person’s height — above the bay.

    What makes this vessel so unusual is that it’s designed to soar about 30 feet (10 meters) above the water at up to 180 miles per hour — a feat that hasn’t quite happened yet, with the first trial flights off Rhode Island’s seacoast planned for the end of summer or early fall.

    If successful, the Paladin will coast on a cushion of air over Rhode Island Sound, lifting with the same “ground effect” that pelicans, cormorants and other birds use to conserve energy as they swiftly glide over the sea. It could zoom to New York City — which takes at least three hours by train and longer on traffic-clogged freeways — in just an hour.

    As it works to prove its seaworthiness to the U.S. Coast Guard and other regulators around the world, Regent is already lining up future customers for commercial ferry routes around Florida, Hawaii, Japan and the Persian Gulf.

    Regent is also working with the U.S. Marines to repurpose the same vessels for island-hopping troops in the Pacific. Those vessels would likely trade electric battery power for jet fuel to cover longer journeys.

    With backing from influential investors including Peter Thiel and Mark Cuban, Thalheimer says he’s trying to use new technology to revive the “comfort and refined nature” of 1930s-era flying boats that were popular in aviation’s golden age before they were eclipsed by commercial airlines.

    This time, Thalheimer added, they’re safer, quieter and emission-free.

    “I thought they made travel easier in a way that made total sense to me,” Cuban said by email this week. “It’s hard to travel around water for short distances. It’s expensive and a hassle. Regent can solve this problem and make that travel fun, easy and efficient.”

    Co-founders and friends Thalheimer, a skilled sailor, and chief technology officer Mike Klinker, who grew up lobster fishing, met while both were freshmen at the Massachusetts Institute of Technology and later worked together at Boeing. They started Regent in 2020.

    They’ve already tested and flown a smaller model. But the much bigger, 12-passenger Paladin — prototype of a product line called Viceroy — began foil testing this summer after years of engineering research and development. A manufacturing facility is under construction nearby, with the vessels set to carry passengers by 2027.

    The International Maritime Organization classifies “wing-in-ground-effect” vehicles such as Regent’s as ships, not aircraft. But a database of civilian ships kept by the London-based organization lists only six around the world, all of them built before it issued new safety guidance on such craft in 2018 following revisions sought by China, France and Russia.

    The IMO says it treats them as marine vessels because they operate in the vicinity of other watercraft and must use the same rules for avoiding collisions. The Coast Guard takes a similar approach.

    “You drive it like a boat,” Thalheimer said. “If there’s any traffic on the harbor, you’ll see it on the screen. If you see a boat, you’d go around it. We’re never flying over boats or anything like that.”

    One of the biggest technical challenges in Regent’s design is the shift from foiling to flying. Hydrofoils are fast for a seafaring vessel, but far slower than the speeds needed to lift a conventional airplane from a runway.

    That’s where air blown by the 12 propellers comes in, effectively tricking the wing into generating high lift at low speeds.

    All of this has worked perfectly on the computer simulations at Regent’s headquarters in North Kingstown, Rhode Island. The next step is testing it over the water.

    For decades, the only warship known to mimic such a ground-effect design was the Soviet Union’s hulking ekranoplan, which was built to fly under radar detection but never widely used. Recently, however, social media images of an apparent Chinese military ekranoplan have caught the attention of naval experts amid increasingly tense international disputes in the South China Sea.

    Regent has capitalized on those concerns, pitching its gliders to the U.S. government as a new method for carrying troops and cargo across island chains in the Indo-Pacific region. It could also do clandestine intelligence collection, anti-submarine warfare and be a “mothership” for small drones, autonomous watercraft or medical evacuations, said Tom Huntley, head of Regent’s government relations and defense division.

    They fly below radar and above sonar, which makes them “really hard to see,” Huntley said.

    While the U.S. military has shown increasing interest, questions remain about their detectability, as well as their stability in various sea states and wind conditions, and their “cost at scale beyond a few prototypes and maintainability,” said retired U.S. Navy Capt. Paul S. Schmitt, an associate research professor at the Naval War College, across the bay in Newport, Rhode Island.

    Schmitt, who has seen Paladin from afar while sailing, said he also has questions about what kind of military mission would fit Regent’s “relatively short range and small transport capacity.”

    The possibilities that most excite Cuban and other Regent backers are commercial.

    Driving Interstate 95 through all the cities that span Florida’s Atlantic Coast can take the better part of a day, which is one reason why Regent is pitching Miami as a hub for its coastal ferry trips.

    The Viceroy seagliders can already carry more passengers than the typical seaplane or helicopter, but a growing number of electric hydrofoil startups, such as Sweden’s Candela and California-based Navier, are trying to stake out ferry routes around the world.

    Thalheimer sees his vehicles as more of a complement than a competitor to electric hydrofoils that can’t travel as fast, since they will all use the same docks and charging infrastructure but could specialize in different trip lengths.

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  • Tech is showing signs of slowing. Is trouble ahead for Wall Street?

    Tech is showing signs of slowing. Is trouble ahead for Wall Street?

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  • Trump housing regulator accuses Fed governor Cook of mortgage fraud – Axios

    1. Trump housing regulator accuses Fed governor Cook of mortgage fraud  Axios
    2. Trump Ally Calls on Bondi to Probe Fed’s Cook Over Mortgages  Bloomberg.com
    3. FHFA’s Pulte Accuses Federal Reserve Governor of Mortgage Fraud  Weekly Real Estate News
    4. ‘Must resign!’ Trump lobs morning attack over fraud claim nearly identical to case he lost  NewsBreak: Local News & Alerts
    5. Trump Says Fed’s Lisa Cook ‘Must Resign Now’  Stocktwits

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  • Thousands of Airbus workers in UK to go on strike in dispute over pay | Airbus

    Thousands of Airbus workers in UK to go on strike in dispute over pay | Airbus

    Thousands of Airbus workers in the UK are set to go on strike for 10 days in September in a row over pay which threatens to disrupt the production of aircraft wings.

    A series of two-day strikes are planned to begin on 2 September and continue throughout the month at Airbus’s factories at Broughton, north Wales, and Filton, near Bristol, according to Unite.

    The union represents more than 3,000 of the company’s aircraft fitters and engineers, with 8,500 workers employed across the two sites.

    Unite said 90% of its Airbus members had voted in favour of the industrial actionand that the strikes would go ahead unless the European planemaker improves its pay offer.

    The factories could be forced to halt production temporarily during the strike. Wings for Airbus’s A320, A330 and A350 planes are produced at Broughton and Filton, and any slowdown in production could put pressure on the company’s supply chain.

    Unite said the strikes would disrupt production of wings for Airbus’s core commercial and military aircraft and would delay deliveries.

    Airbus said, however, that it was not concerned about the impact of the industrial action on its year-end deliveries.

    Sue Partridge, Airbus UK’s country manager for commercial aircraft, said: “We have made a competitive and fair pay offer in 2025 that builds on the strong foundations of pay increases totalling over 20% in the last three years and a £2,644 bonus payment made in April this year.

    “Our priority remains to find a resolution together with the trade union that ensures the long-term competitiveness and success of Airbus in the UK.”

    Unite called on Airbus to return to talks as it seeks a pay offer that accounts for inflation and cost of living increases. UK inflation rose again in July to a higher-than-expected 3.8%, according to official figures released earlier on Wednesday, amid price increases for food and travel.

    The union added that the offer should reflect “the value of members’ highly specialised skills”, allowing Airbus to deliver aircraft on schedule.

    Sharon Graham, Unite’s general secretary, said: “Airbus is generating billions in profit; workers deserve a fair deal. Our members are simply seeking fairness not favours. Airbus workers have the total support of their union in this dispute.”

    The world’s largest planemaker describes Broughton as a “global centre of excellent for wing manufacturing”, and wing structures for Airbus aircraft have been produced at the site for more than 50 years.

    Filton is home to the largest concentration of aerospace engineers in northern Europe, according to the company, and leads in wing design and support.

    The planemaker is looking to increase production this year, in response to demand from airlines.

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  • Major Belgian telecom firm says cyberattack compromised data on 850,000 accounts

    Major Belgian telecom firm says cyberattack compromised data on 850,000 accounts

    Orange Belgium announced on Wednesday that it had discovered a cyberattack at the end of July that compromised data from 850,000 customer accounts.

    The Belgian subsidiary stated “no critical data was compromised: no passwords, email addresses, banking or financial details were hacked,” however it warned: “The hacker has gained access to one of our IT systems that contains the following data: name, first name, telephone number, SIM card number, PUK code, tariff plan.”

    PUK (Personal Unblocking Key) codes are 8-digit security codes that allow customers to unblock their SIM cards if they enter the wrong PIN multiple times, the company advised.

    The company did not immediately respond to questions about the timing of the incident’s discovery and disclosure, but in its statement it said its teams “blocked access to the affected system and strengthened our security measures” as soon as it was identified. “Orange Belgium also alerted the relevant authorities and filed an official complaint with the judicial authorities,” it added.

    The attack follows its parent company Orange Group detecting a cyberattack affecting one of its internal systems on July 25. At the time, Orange Group said there was no evidence any customer data had been extracted. Orange did not say whether these incidents were related and has not updated its earlier statement. The nature of either of the attacks has not been disclosed.

    The Belgian subsidiary’s affected customers are being notified by email and text message, the official statement added, and are being urged to be alert for phishing attempts on a dedicated web page.

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  • 10 things to watch in the stock market Wednesday including TJX’s surge and new Target CEO

    10 things to watch in the stock market Wednesday including TJX’s surge and new Target CEO

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