Best Business Magazines and News Online - CIO Bulletin

  Water is essential to human life, which is why it is important to ensure that it is clean and safe for people to drink. Unfortunately, this is not always the case, as the water gets contaminated by harmful chemicals and pollutants. You must contact a personal injury lawyer immediately if you ever face severe water contamination issues. You might be entitled to compensation depending on the extent of the harm to your health. This article will look at how Camp Lejeune's water contamination changed the history of lawsuits. What is Camp Lejeune? Camp Lejeune  is the United States Marine Corps Base in Jacksonville, North Carolina. The base was commissioned in 1941 and named in honor of Major General John A. Lejeune. Camp Lejeune is the largest Marine Corps base on the east coast and is home to more than 50,000 military personnel and their families. The base has a rich history and has been involved in many major military operations. How was the water contaminated? The source of th...

  NASA revealed billions of years of cosmic evolution with the inaugural batch of photos from the largest, most potent observatory launched into  space . The first high-resolution, full-color pictures from the James Webb Space Telescope (JWST), designed to peer further than ever before with better clarity to the dawn of the universe, were hailed by NASA as a milestone marking a new era of astronomical exploration. The James Webb Space Telescope, finely tuned after months spent remotely calibrating its instruments and aligning its mirrors, scientists will embark on a competitively selected agenda exploring the evolution of galaxies, atmospheres of distant exoplanets, the life cycle of stars, and moons of our solar system. Among a panel of experts who briefed reporters following the big reveal, Webb deputy project scientist at NASA’s Goddard Space Flight Center, Maryland, Amber Straughn, said that all of them were blown away by the quality of images captured by the JWST. The cro...

  Twitter Inc. sued billionaire Elon Musk for violating his $44 billion deal to purchase the microblogging platform. The firm asked a Delaware  court  to order the Tesla and SpaceX CEO to complete the merger. The complaint read Musk believed that he—unlike every other party subject to Delaware contract law—was free to change his mind, trash the firm, destroy stockholder value, disrupt its operations, and walk away scot-free. The litigation sets in motion what promises to be one of the most important legal face-offs in Wall Street history, concerning one of the business world’s most colorful entrepreneurs in a case that will turn on staid contract language. On July 8, Musk said he was terminating the deal because Twitter violated the agreement by failing to answer to requests for information regarding fake or spam accounts on the platform, which is fundamental to its business performance. The lawsuit accused Elon Musk of a long list of violations of the merger agreement th...

Let the truth be told.  Today’s world is heavily dependent on data. Businesses use data to create marketing campaigns, conduct business research, come up with sales forecasts, etc.  While all this data can prove extremely beneficial for commercial institutions, it often also becomes a source of headache for many. For instance, according to a statistical report, worldwide companies from across all industries, combined generate 2,000,000,000,000,000,000 bytes of data each day.  Now that’s a huge number, which is easy to overwhelm business owners.  And guess what, by 2023, this volume of data will be worth  $73 billion . No matter how seasoned an entrepreneur you may be, it could be a difficult challenge to handle all your business aspects on your own. It is practically impossible to handle all your company departments alone, without losing your sanity. This is when you should leverage technology.  In this article, we will explore the top 6 tools to help you o...

  AS NFT art sales dwindle and only  handful of digital-art stars appear to be weathering the  crypto  storm. The days of NFTs of JPEGs selling for $69.3 million may be over for now. Still, a handful of leading digital artists held their own during a Christie’s charity sale that tested the lasting appeal of tokenized digital art amid a recent crash in cryptocurrency crash. Christie’s $1.6 million “Cartography of the Mind” sale exceeded the auction house’s own $1.5 million expectations, but none of its 27 NFT offerings were priced to sell for over $250,000. The auction comes amid a market meltdown for cryptocurrencies, many of which, like Ethereum and Bitcoin, have recently plummeted to less than half of their peak values. The Christie’s sale amounted to a who’s who of NFT artists, including Refik Anadol, Beeple, and Mad Dog Jones. They rose to global prominence amid last year’s jackpot for digital art, thanks to the advent of non-fungible tokens or NFTs and flush cry...

  Volt  Bank  Ltd, Australia’s first exclusively online bank to gain a banking license in the country, said it would shut down, return deposits and sell its mortgage book after failing to raise sufficient finances to fund the business. Volt’s collapse is a further blow to a business model that the Australian regulators and government promoted heavily after a 2018 investigation into misconduct in the finance sector led to a loosening of rules for new banking entrants. Rising interest rates and inflation this year have made it harder for online-only banks, called neobanks in Australia, to compete with established lenders, making fundraising much more difficult. Though the pandemic and COVID-19 restrictions triggered massive demand for home loans in Australia, the shift to working at home also prompted traditional banks to embark on a digital arms race, narrowing approval times for loans and eroding the competitive advantage of ne obanks. The firm had A$113 million ($78 mill...

  Volkswagen is close to selling minority stake in its US EV charge business to an arm of Siemens AG, a deal which would value the  network  at over $2 billion, according to sources. A stake sale in Volkswagen’s Electrify America LLC would generate additional financing as part of a strategy to more than double the number of EV charging stations that Electrify America operates across the US and parts of Canada to 1,800 by 2026. Electrify America, based in Reston, Virginia, also offers EV charging stations for use at home. According to sources, Germany-based Siemens would invest in its Siemens Financial Services subsidiary. The deal would complement Siemens’s existing operations in the EV charging sector. In August 2021, the technology and engineering firm said it plans to expand its manufacturing operations in the US to make over 1 million EV chargers for that market over the next four years. Bets on EV charging networks are supported by a doubling of EV  auto  s...

  Topology optimization tools are among the most advanced software engineers use to improve complex designs. They adopt it to ensure the design process’s size, shape, and material are efficient.  If you are a designer wondering what topology optimization software is and how it produces brilliant structure design, you are in the right place. This article discusses topology optimization software, benefits, and applications.  Let’s get into it.  What is topology optimization software?  The topology optimization software is a tool used at the concept level of design development. It adopts algorithm models to maximize materials layout and structure according to the designer’s given loads, constraints, and conditions. It enhances efficiency by eliminating redundant materials from aspects that do not require much load. As a result, it reduces weight on designs and combats different challenges, including resonance or thermal stress.  Designs created by topology opt...

  Germany will restart coal-fired power plants and offer incentives for companies to curb natural  gas  consumption, marking a new step in the economic war between Europe and Russia. Berlin unveiled the measures after Russia cut gas supplies to Europe last week as it pushed back against European sanctions and military support for Ukraine. The conservation measures are part of a broader strategy initiated by Germany after the invasion of Ukraine. Germany aims to reduce gas consumption and divert gas deliveries to storage facilities to ensure the nation has enough reserves to last through the winter. Russia’s gradual cutting of gas supplies has raised concerns of a potential fuel shortage if Europe goes into winter with incomplete reserves. It has also raised prices, putting additional pressure on economies already struggling with rising borrowing costs and high inflation and facing the prospect of a recession. The primary channel for Russian fuel to Europe, the Nord Stream...

  French  food  goliath Danone is cutting the variety of the products it sells to  retailers  to cut costs, meaning in the future, yogurt fans may miss out on the exact flavor or pot size they are used to. The makers of packaged food and supermarkets are struggling to combat rising prices, with products ranging from paper packaging to crude oil becoming more expensive due to a protracted pandemic-led shipping crunch and Russia’s war in Ukraine. Rising inflation also means shoppers are tightening their purses. On  Friday, supermarket firm Tesco warned Britons are buying less, shopping more often, and switching to cheaper, own-brand products to cope with the cost of living crisis. Earlier in 2022, some food stores were forced to take products off shelves as they could no longer afford to sell them. Those factors are prompting Danone to rethink how it sells its best-selling products, which range from Activia yogurt and Evian water. Danone’s global head of sale...

  Reddit announced it would buy Spell, a platform for running machine learning (ML) experiments, for an undisclosed amount. Spell, founded in 2016 by Serkan Piantino, a former Facebook engineer, provides cloud computing solutions to allow anyone to run resource-heavy ML experiments without the high-end hardware that would typically be necessary. The firm defines its mission as pursuing the best possible platform for anyone looking to develop robust, reliable, and safe  software  using  AI  and ML. The social media platform Reddit currently uses ML for the Discover Tab and personalized recommendations. The firm also leverages the technology for its targeted advertising and safety work. Spell will close access to new commercial customers amid the acquisition. Some of the firm’s team members will move over to Reddit. They will work on ML projects determining how Reddit defines contextual relevance, customizes ad placement, and keeps its communities safe. Reddit sai...

  Ford is recalling 48,924  electric  Mustang Mach-E SUVs and instructing dealers to stop delivering the model until potential safety defects are resolved. In a notice to its dealers, Ford said potentially affected  vehicles  include 2021 and 2022 Mach-Es manufactured from May 27, 2020, through May 24, 2022, at Ford’s Cuautitlan plant in Mexico. Said Deep, a Ford spokesperson, said that almost 49,000 of the roughly 100,000 Mach-Es produced during the period would be recalled. The defect involves a potential overheating of the EVs high voltage battery main contractors, an electrically controlled switch for a power circuit. The problem can lead to a malfunction that could cause the vehicle not to start or immediately lose propulsion power while in motion. The recall is notable as the carmakers continue to have problems launching new electric vehicles (EV). In recent years Ford has also experienced problematic vehicle launches, leading to high warranty and recall c...

  Amazon customers in Lockeford, California, will become the first to receive Prime Air deliveries. Amazon received flying drone approval from the Federal Aviation Administration in 2020. Prime Air Drone will start to deliver products to their customer later this year in Lockeford, California. This is the first time the company plans to use drones for deliveries. Amazon said it plans to deliver products by drone into the backyards of residents in Lockeford, California, and their feedback will play an integral role in improving the system. Amazon chooses Lockeford as it has historical links to the aviation industry. One of the early pioneers of aviation—Weldon B. Cooke, who built and flew early planes in the early 1900s, was a former resident of Lockeford. Companies like Alphabet and Walmart have started to make similar flying deliveries long back. The drone delivery program of Walmart is accessible to more than 4millon customers in the U.S., and Alphabet’s Wing program has been del...

Bank  of America will roll out a new cash management tool to US-based clients to gain market share in the $300 billion cash management business for multi-national corporations. Transaction banking—processing employee payroll, paying suppliers, and collecting from customers—contributed roughly 8% of the bank’s total 2021 revenue, or $7.23 billion. The second-largest US bank said it was extending its virtual account management tool (VAM)—already available in Europe—to the United States, where the COVID-19 pandemic has accelerated customers’ use of electronic payments. The tool helps firms manage multiple accounts by creating a virtual ledger, accessible online, that shows all their account balances and transactions and can model future cash flow. The tool can be opened and used within a day, whereas a bank account can take weeks to open. Liba Saiovici, head of global receivables in global transaction services for Bank of America said, firms need to because they often keep hundreds of...

  Cereal Maker Magic Spoon received US$85m in Series B funding round. The  mo Cereal Maker Magic Spoon received US$85m in Series B funding round. The  money  will be completely utilized for the development of the company which includes selling directly to consumers. The funding round was conducted by HighPost Capital along with its fellow investors Siddhi Capital, Coefficient Capital and Constellation Capital. Even celebrities like Shakira, rapper Nas, The Chainsmokers and American footballer Odell Beckham Jr. took part in this investment. Magic Spoon is stepping into Target stores nationwide and plans to tie up with additional retailers throughout the year. Co-founder Greg Sewitz said: “Our focus on a direct-to-consumer model when we launched was key as we were growing and establishing a presence in a tired category, but we are beyond ready and excited to be able to reach even more consumers across the country through our brick-and-mortar retail launch.” David Moros...

  Having an iron-clad IT system in place is essential for any business that wants to get an edge, and more often than not, companies that pull ahead in this area usually perform incredibly well compared to their technologically-inept counterparts. Moreover, with new technologies like  DevOps mon itoring tools coming out every day, anyone who is not striving to improve is likely to fall behind, and this is exactly why IT prowess is becoming more and more of a concern for prospective companies. In this article, we will be taking a look at three tips that will allow you to improve your business’s IT system exponentially, as well as discussing why this endeavour is becoming increasingly important as technology becomes more and more advanced.   Upgrade Your Security One of the best things you can do to improve your business’s IT system is to upgrade your security. Security threats are becoming more and more of a problem, and unless you take the necessary steps to protect ...