Author: omc_admin
Material sorting startup Sortera Technologies announced that it has raised $45 million in a funding round aimed at supporting the company’s growth as a domestic supplier of recycled aluminium products. Founded in 2020, Indiana-based Sortera enables the reuse of metals recovered from end-of-life products. The company’s solutions utilize artificial intelligence, image/data analytics and advanced sensors in industrial scale sortation methods to generate high-purity recycled and upcycled metal feedstocks from existing scrap streams. According to Sortera, the solution enables the precise sorting and capture of valuable aluminum from scrap streams, with its AI-enabled multi-sensor sorting systems with blending capabilities supporting customer-specific alloy…
The UK could end its reliance on exporting plastic waste by 2030 to support the creation of 5,400 new jobs and take responsibility for the environmental impact of its waste, according to research.The report said up to 15 new recycling facilities could be built by the end of the decade, attracting more than £800m of private investment. The increase in capacity would help generate almost £900m of economic value every year, providing at least £100m in new tax revenues annually.The report, by the consultancy Hybrid Economics, comes as Britain’s plastic exports rose by 5% in 2024 to nearly 600,000 tonnes…
Four years ago, Pinterest was bleeding users.The platform known for mood boards had made a big effort to compete with TikTok — as did nearly every other social media platform at the time — with short-form video, shoppable livestreaming, and paying creators.It didn’t work. When Bill Ready took over as Pinterest’s CEO in 2022, he felt the company needed a new direction.”I didn’t think the world needed a fourth or fifth best TikTok,” Ready told Business Insider in an interview. Ready, who left his previous post as Google’s president of commerce, decided that a search experience that was both personalized…
One of the most influential software engineers has hope for junior developers amid the industry-wide uncertainty caused by artificial intelligence.Martin Fowler sat down on a November 19 episode of “The Pragmatic Engineer” podcast to discuss the state of the software engineering world in 2025 — a year when major tech companies aren’t holding back when it comes to job cuts. Layoffs.ai has tracked around 114,000 tech employee layoffs so far in 2025, compared with nearly 153,000 in all of 2024.The 62-year-old, who has written several books about software development and is the chief scientist at software company Thoughtworks, said the…
DEIR AL-BALAH, Gaza Strip (AP) — Children and families in Gaza scooped muddy water from their tents on Tuesday, trying to protect the few belongings that remain after two years of war.Winter’s heavy rains have left displaced Palestinians splashing in water that reaches their ankles, and blaming both Israel and Hamas for the misery that remains despite a ceasefire.“All tents were destroyed,” said Assmaa Fayad in Deir al-Balah in central Gaza, whose shelter was damaged in Tuesday’s latest downpour. “Where is Hamas? Where are the people to see this rain and how our children are drowning?”A Hamas spokesperson, Hazem Qassem,…
Refiners are intensifying verification of oil origin and vessel history to navigate sanctions and maintain access to discounted Russian crude.Banks are now willing to consider financing trade in Russian oil if volumes come from non-blacklisted sellers and transactions are sanctions-compliant, according to people familiar with the matter.That’s a shift from a few weeks ago — before the latest US curbs, which took effect on Friday — when lenders were wary of clearing payments for any Russian cargoes, citing difficulties in verifying the supply chain, the people said. They declined to be named due to the sensitivity of the matter.India’s oil-buying…
India is also under pressure to buy more US energy after Washington doubled tariffs on Indian imports to 50 per cent.Russian oil imports are set to hit their lowest in at least three years in December, down from multi-month highs in November, as refiners turned to alternatives to avoid breaching Western sanctions, trade and refining sources said.Britain, the European Union and the United States have tightened sanctions on Moscow over the war in Ukraine, with Washington’s latest measures targeting top Russian producers Rosneft and Lukoil. Buyers of Russian oil had until November 21 to wind down dealings with the two…
Lukoil gasoline stations in the US are experiencing major issues with card payments, forcing some franchise owners to consider asking more customers to use cash as parent company Lukoil PJSC, the Russian oil giant, faces US sanctions. There are two separate problems for the US service stations, mainly located in New Jersey. First, franchise owners aren’t able to access revenue from payments made with credit, debit and prepaid cards through Lukoil’s system, according to Eric Blomgren, executive director of the New Jersey Gasoline, C-Store, Automotive Association. Second, the stations are also running into issues processing payments made with some cards,…
Crude oil demand is going to continue growing, but insufficient investment could tip fundamentals into imbalance, Russia’s Alexander Novak said today in Beijing.Global demand for oil is about to reach 104.6 million barrels daily this year, the Deputy Prime Minister said, as quoted by TASS. That is slightly lower than OPEC’s demand forecast of 105.14 million barrels daily.Investment in new supply, however, is slow, which has raised the risk of a shortage, according to the official, who is Russia’s top negotiator in OPEC+. Natural depletion at mature fields is one reason for this situation, Novak noted, and the higher cost…
Things took a dovish turn following comments from New York Fed President John Williams on Friday, who said that a rate cut remains a possibility. Fed Governor Christopher Waller also continues to advocate for additional Fed easing in December – a stance also echoed by San Francisco Fed President Mary Daly amid softness in the jobs market. I think it is important to highlight that, although Daly is not a current voting member, I do not recall a time when she has publicly pushed back against Fed Chair Jerome Powell. Benefitting from the bid in risk yesterday were Cryptocurrencies, with…