DIRS.INFO The most relevant business & tech news

☆ Biden administration to require advanced safety tech on all new cars and trucks
▼ + stars: | 2024-04-30 | by ( Rob Wile | Tom Costello | ) www.cnbc.com time to read: +3 min

The Biden administration plans to require that all new cars and trucks come with pedestrian-collision avoidance systems that include automatic emergency braking technology by the end of the decade. They will also require braking at up to 45 mph when a pedestrian is detected. Automatic emergency braking "prevents collisions. It said that technologies like automatic emergency braking have proven "game changing" and that automakers have voluntarily committed to install them on new vehicles. Buttigieg acknowledged the technology is still being perfected — one reason the requirement won't take effect until the end of 2029.

Persons: Biden, Pete Buttigieg, Buttigieg, hadn't, Kathleen Rizk, Power's, Rizk Organizations: U.S ., Transportation Department, Alliance for Automotive Innovation, Governors Highway Safety Association, Research, Consumers, Drivers Locations: San Francisco , California

☆ Wondercraft wants to be the AI-driven 'Canva of audio.' Check out the 9-slide pitch deck it used to raise $3 million.
▼ + stars: | 2024-01-29 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

An AI audio startup founded by former Palantir and Acast staffers has raised $3 million in a seed round backed by investors, including Y Combinator and Diary of a CEO host Steven Bartlett. London-based Wondercraft, founded in 2022, aims to become the "Canva of audio." Nikolaou said he likened the startup to Canva because he wanted to "empower everyone to be an audio creator." With the fresh funding, Wondercraft will develop the platform further and extend a wider range of features to its users. Check out the 9-slide deck used to raise the fresh funds:

Persons: Y Combinator, Steven Bartlett, Dimitris Nikolaou, Youssef Rizk, Oskar Serrander, Nikolaou, Serrander, Wondercraft Organizations: Business, Will Ventures Locations: London, Boston

Mohannad Abu Rizk (@mohannad.aburizk) is a filmmaker based in Jordan. Amanda Su (@amandaysu) is an Opinion Video reporting fellow. The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.

Persons: Mohannad Abu Rizk, Amanda Su Organizations: New York, Facebook, Twitter Locations: Jordan

☆ Egypt's cratering economy drives many to risky migrant route
▼ + stars: | 2023-10-06 | by ( Mariam Rizk | ) www.reuters.com time to read: +6 min

The surge in numbers leaving Egypt in recent years coincides with Egypt's worsening economy. The pandemic hit Egypt's vital tourist industry and the Ukraine war made investors more risk averse, driving them away from Egyptian markets. MINIBUS TO LIBYAThe Egyptian authorities have largely stopped migrant boat departures from Egypt's north coast since 2016. More migrant boats now leave from eastern Libya, close to Egypt, than from the west in the divided nation. 'COUNTRIES IN CRISIS'President Abdel Fattah al-Sisi and other Egyptian officials say Egypt is doing what it can to halt the migrant flow.

Persons: Fatma, MIT SUHAYL, Waleed el, Degwy, Mohamed el, Muammar Gaddafi, you'd, Adel Ghannam, Mit Suhayl, Mohamed, Abdel Fattah al, Naela Gabr, Mostafa Abdel Salam, Hala, Nafisa Eltahir, Aidan Lewis, Edmund Blair Organizations: REUTERS, MIT, Reuters, European, Thomson Locations: Suhayl, Greece, Sharqia governorate, Egypt, Libya, Italy, Nile Delta, Europe, Ukraine, LIBYA, Egypt's, Libyan, Sudan

This year, those who can are making a frantic escape from Khartoum, driven out by war. Both sides in the conflict agreed to a ceasefire but it was not immediately clear when it would begin. Ahmed Mubarak, 27, said he felt "extreme anxiety" after the violence erupted on April 15 and before he decided to leave Khartoum on Thursday, taking with him only the clothes he was wearing. Makram Waleed, a 25-year-old doctor, was hoping to leave Khartoum with his family but was worried about the dangers to his three younger sisters. And if we leave, will we be able to go back to our house and our lives in Khartoum?

☆ Egyptian bodybuilder collects trash to fund his dream
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

[1/5] Egyptian weightlifter Ali el Sharkawi trains in Tanta, Gharbia, Egypt February 2, 2023. Sharkawi, who won the bronze medal twice in national championships, is one of many Egyptian athletes who complain about the struggle to find sponsorship as he has been working as a garbage collector to fund his training. Despite the limitations to his training regime, he takes inspiration from Mamdouh Elssbiay, known as "Big Ramy", a celebrated Egyptian bodybuilder who won the Mr Olympia title in both 2020 and 2021. "He is seeking to participate in an international championship, but a bodybuilding career needs support and funding to provide nutrition," he said. ($1 = 30.3299 Egyptian pounds)Reporting by Sayed Sheasha and Mariam Rizk; Writing by Nafisa Eltahir; Editing by Ben DangerfieldOur Standards: The Thomson Reuters Trust Principles.

☆ Migrant wreck off Libya kills eight with scores rescued, Red Crescent says
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

[1/4] Libyan Red Crescent workers put the body of a migrant, who died after their boat capsized, in a bag, in Garabulli, Libya January 24, 2023. REUTERS/StringerTRIPOLI, Jan 25 (Reuters) - At least eight people died after a boat crammed with scores of African migrants capsized off the Libyan coast, the local Red Crescent organisation said on Wednesday, adding that nearly 100 others had been rescued. According to the Red Crescent, which has been handling the search and rescue operations, eyewitnesses to the disaster said nearly 150 people had packed on to the boat in hopes of reaching Italy. On Wednesday, Red Crescent workers in protective clothes were laying bodies of the drowned into bags by the portside. Reporting by Reuters Libya Newsroom, writing by Mariam Rizk and Angus McDowall; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Egypt's soaring prices drive home economic pain
▼ + stars: | 2023-01-19 | by ( Mariam Rizk | ) www.reuters.com time to read: +6 min

Over recent months accelerating inflation has pummelled the spending power of Egyptians, who had already endured repeated economic shocks and years of austerity. The government says it is doing what it can to tamp down prices and expand social spending, often blaming current pressures on external factors linked to the war in Ukraine. While many countries are struggling to contain rampant inflation, Egypt, with a population of 104 million, is among the hardest hit. Reuters GraphicsStill, more economic turmoil in the shorter term complicates Egypt's plans to try to turn things round after the political and economic turbulence that followed its 2011 Arab Spring uprising. The agreement also provides for increasing social spending to protect the vulnerable.

☆ SLB MENA President Tarek Rizk: Short-term uncertainty in energy market but demand is strong
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSLB MENA President Tarek Rizk: Short-term uncertainty in energy market but demand is strongTarek Rizk, SLB MENA president, tells CNBC’s Dan Murphy that “moving forward, we're also going to see a lot of diversity” into new energy systems.

☆ In COP27 host Egypt, Red Sea coral reefs resilient but under stress
▼ + stars: | 2022-10-27 | by ( Mariam Rizk | ) www.reuters.com time to read: +3 min

[1/4] General view of a hotel with pools in Egypt's Red Sea resort of Sharm el-Sheikh town as the city prepares to host the COP27 summit next month, in Sharm el-Sheikh, Egypt October 20, 2022. REUTERS/Sayed Sheasha/File PhotoHURGHADA, Egypt, Oct 27 (Reuters) - Egypt hosts next month's COP27 climate summit at a Red Sea resort, where climate change and human activity are threatening one of the world's most prized coral reefs. These Red Sea reefs, which make up about 5% of the global reef cover, contain the most diversity of species outside of Southeast Asia. "We have in Egypt coral reefs that will be among the last remaining in the world, which means it will provide hope for humanity that a unique ecosystem like this remains alive," Hanafy said. But the Red Sea reefs face other threats, including scuba divers.

☆ Saudi wealth fund braves market tumult in green bonds debut, others unlikely to rush
▼ + stars: | 2022-10-12 | by ( Yousef Saba | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterHe said that PIF's issuance of the first-ever 100-year green bonds showed investor confidence in its credit strength and Saudi Arabia's long-term commitment to energy transition. PIF sold $500 million of the 100-year bonds - the first bonds of that tenor from a debut issuer or a sovereign wealth fund, and the first 100-year issue in the region. Alaoui said the fund was expected to continue issuing green bonds, including green sukuk, or Islamic bonds, and to tap the onshore U.S. market in the coming years. Egypt, due to host the COP27 climate conference next month, became the region's first issuer of sovereign green bonds in 2020. First Abu Dhabi Bank (FAB.AD), which taps the market regularly and is one of the region's most active green issuer, followed up PIF's transaction a day later with a sale of $700 million worth of green bonds.

Search resuls for: "Rizk"

11 mentions found