Latest news with #NEO
Time Out Dubai
18 hours ago
- Business
- Time Out Dubai
Mashreq launches NEO PLUS Saver Account with savvy interest rates
A whopping 6.25 percent interest rate on savings? Tell us more. Mashreq has just launched a new savings account that's simple, rewarding and available whether you earn a salary or not. Introducing NEO PLUS Saver Account which allows salaried customers to earn 6.25 percent interest per annum plus get a cashback of up to Dhs5,000 when they transfer a salary of Dhs10,000 or more to their Mashreq NEO Account. That's not all – you can also pocket a salary bonus of Dhs3,500, plus an early bird cashback of up to Dhs1,500. Not a bad way to kick-start your savings goals. Can't transfer salary? No problem. By maintaining a balance of Dhs50,000 or more in your NEO PLUS Saver Account, you'll still get a solid 5 percent interest on your savings per annum. There's also an early bird cashback of Dhs1,500, including 5 percent cashback on debit card spending and Dhs300 cashback on remittances. One of the strongest features of this account is how simple it is. There's no need to sign up for a credit card, mortgage or loan to unlock the benefits. Just download Mashreq Mobile App, which is the top-rated banking app in the UAE with a 4.8 rating, and open a NEO PLUS Saver Account. On the app, there are a couple of wealth creation features as well, like fee-free US stock trading, mutual funds, bonds, thematic investments and more. On the latest product, Radu Topliceanu, the Global Head of NEO at Mashreq, said, 'Mashreq NEO has always been about creating intuitive, high-value banking experiences that fit into our customers' lives. 'With NEO PLUS Saver Account, we are setting a new benchmark for what digital savings can offer in the UAE – unmatched returns, no hidden requirements and a fully digital, customer-first journey from start to finish.' The feature can be accessed exclusively through Mashreq Mobile App. What are you waiting for? Download now and get saving. Download Mashreq Mobile App (Web) Download Mashreq Mobile App (Mobile) Time Out does not offer financial advice.
Sky News AU
2 days ago
- Science
- Sky News AU
Australia and the world's response to city-killing asteroids hitting the Earth may not be too far of a stretch to imagine
Did you know that a fleet of asteroids following Venus' orbit could one day collide with Earth? These asteroids, or Near-Earth Objects (NEO's) have the potential to take out entire cities and alter our very existence. Venus travels closer to Earth than any other planet, and there are around 20 known asteroids that orbit with it. Some of them are not completely stable, sparking fears the asteroids could head towards Earth's elliptical trajectory. Three of these asteroids would have over one million times the energy of Hiroshima if they were to strike Earth's surface and would easily take out a major city, causing cataclysmic disaster that would be felt around the world. The risks of this happening anytime soon are slim, but then again, according to NASA, asteroids 10 metres in size enter Earth's atmosphere once every 10 years and asteroids 50 metres across, hit the Earth every 1,000 years. There is also another asteroid, the size of a 10-storey building, lurking around our solar system that has a small but increasing chance of a rendezvous with our moon which is just 384,000km away. If the asteroid hits, it will have the effect of a nuclear bomb. The consequences of that Earth scenario would be felt the world over. It is important to have a conversation about how society would cope and whether governments would be up to the task to ensure stability and control, so populations do not descend into anarchy. If one of these asteroids was on a collision course with Earth, how would we react? Would it bring humanity together or pull it apart? In the 1990's movie, Deep Impact, a reporter discovers the truth about asteroids heading to Earth, prompting the US president to announce that the story is real. In the movie, two comets head towards the Earth with one hitting the Atlantic ocean, creating a 914m high wave, while another the size of New York City, threatens to cause untold destruction to Canada. Tunnels are constructed for a million people to live in, via a national lottery, as a fair way to be selected for survival. Mass panic ensues. The hope is that society would cope well in the face of this type of adversity, acting with assertiveness, while emergency services, the police and military keep the peace and employ strategies to make us as safe as possible. We also believe that many of us are above descending into illegal activities as a reaction that others resort to, who fight over diminishing commodities, and loot and steal from shops and neighbours. But what if money became irrelevant in the face of looming disaster? Would we all descend into a dog-eat-dog mentality? It might begin with moments of justification, where filling up the car without paying, and stealing food from the supermarket is necessary, before the stations and shops close or run out of supplies, while you and your family bunker down, or escape into the country with as many supplies as you can gather. Remember what Covid was like at the supermarket, where a small minority began buying up essential item stocks, fighting in grocery stores. It triggered an avalanche of copycat buying everywhere. Geopolitical lines have also been redrawn over recent years, with emerging market economies such as the BRICS nations – which include China, Russia and Iran, forming closer alliances as a counterweight to the West, with goals of replacing the US dollar, and creating their own banking system to rival the World Bank and International Monetary Fund. Would the governments of BRICS nations such as China work together with the West to find a solution to stop the asteroid? What if the US was hit by a catastrophic asteroid, would China and Russia take advantage of a weakened US, and undertake military advances on certain territories? If China's industrial hubs were destroyed by an asteroid, manufacturing would instantly be disrupted, affect world trade, impacting economies, all while China's population of 1.4 billon people were thrown into chaos. In the case of an asteroid hurtling towards Earth, there would be cries for help, aimed at the scientific community and the military, to find a way to stop the disaster. If time was running out, new protests would replace all manner of other protests the world over. NASA has in fact put into place a 'National Preparedness Strategy and Action Plan for Near-Earth Object Hazards and Planetary Defense'. Its strategy aims to improve mission planning, emergency preparedness, response and international engagement. Fortunately, more observatories are being built over the coming years to find and track asteroids that threaten the Earth, so scientists and governments can predict if a galactic Armageddon is on the way. While presidents and a handful of the rich may be able to escape into underground bunkers, the rest of us will be left to cope with the fallout from the asteroid itself, as well as the social upheavals that will arise from such a disaster. But perhaps a better version of humanity would come to the fore. Even if an asteroid caused international disaster, there would need to be a time when people worked together to make their environment livable and workable again. Having an asteroid take out humanity as a natural disaster, has different connotations to that of human-induced catastrophe where nations attack each other with nuclear weapons. With an asteroid strike, it removes international blame and finger-pointing. The clean-up would need to begin, and if there was any chance of survival, it would only happen if people worked together. Robert Weir is a freelance journalist whose work has also been published in The Spectator Australia. He enjoys writing political, lifestyle, and environmental stories as well as film reviews
Business Wire
3 days ago
- Business
- Business Wire
Greenland Resources Appoints Jørgen Huno as Senior Advisor
TORONTO--(BUSINESS WIRE)--Greenland Resources Inc. (NEO:MOLY, FSE:M0LY) ('Greenland Resources' or the 'Company') is pleased to announce that Dr. Jørgen Huno Rasmussen has joined our European Advisory Board with the objective of providing technical engineering support on the equity capex financing process with the Danish stakeholders. Dr. Jørgen Huno has over 25 years of experience heading international project businesses in general and in mining in particular. Among others, he was CEO of Hoffmann A/S for 16 years, the oldest Scandinavian construction company executing infrastructure projects in Greenland, followed by 10 years as CEO of FLSmidth & Co. A/S, a global leader in mining technology and equipment as well as construction of cement plants on a turnkey basis. He has also for a decade been Vice-Chairman of the international engineering groups Rambøll Group A/S and Topsoe A/S. In addition, Mr Huno Rasmussen has financial experience as former Chairman of the insurance group Tryg A/S and The Lundbeck Foundation. He has a Ph.D. in Project Management from the Technical University of Denmark and is an Adjunct Professor at Copenhagen Business School. Dr. Jørgen Huno commented: 'Greenland Resources Inc. is addressing a critical need especially for Europe to supply the necessary molybdenum and byproduct magnesium, and I am very excited to contribute to this essential project that is combining my experience in mining, large project execution in general and in Greenland in particular.' Dr. Ruben Shiffman, Chairman, commented: 'We are thrilled that Jørgen joined our advisory board. Now that we received our exploitation license, we are beginning the equity capex financing process and Jørgen will be instrumental on technical aspects of the project with Danish stakeholders. The project has the potential to boost Greenland's GDP by approximately 22% and can generate taxes for Greenland equivalent to 18% of Denmark's grants to Greenland. The project can meet all of Denmark's molybdenum demand and can also meet all the EU's defence molybdenum demand (over 80% of metallic materials used in defense applications contain molybdenum). This is relevant because only China and the United States supply primary molybdenum to Europe, and the EU is the second largest molybdenum user worldwide with large processing capacity but has no extraction.' About Molybdenum and the EU The EU is the second largest molybdenum user worldwide, (around 122 million pounds of molybdenum per year, 19% of the global demand according to IMOA), has large processing capacity, produces the best specialty steel products worldwide but has no molybdenum extraction. Green energy technologies, steel and defence are the key drivers for market growth. When molybdenum is added to steel and cast iron, it enhances strength, hardenability, weldability, toughness, temperature strength, and corrosion resistance. To a greater degree, the EU steel dependent industries like automotive, construction, and engineering, represent around 18% of EU GDP. Greenland Resources strategically located Malmbjerg project has the potential to supply in and for the EU approximately 25% of the EU demand of environmentally friendly high-quality primary molybdenum from a responsible EU Associate country for decades to come, as well as 100% of EU defence molybdenum consumption. More than 80% of the metallic materials (including carbon and stainless steels) to be used for defence applications require molybdenum alloying. The primary molybdenum in the Malmbjerg project is ideal for EU defence and high-performance steel applications because of low deleterious elements and long-term security supply. The EU expects to increase defense expenditures from current 1.5% to around 5% of GDP. Primary molybdenum is only produced in China (87%) and the USA (13%), China imposed export controls on molybdenum and is now a net importer. Molybdenum is categorized as a critical and/or strategic mineral across the top five defence nations in the world: U.S., China, Russia, India, and South Korea. About Magnesium and the EU The EU uses around 145,000 tones of magnesium per year (15% of the global demand) but has no treatment facilities nor extraction. Electric vehicle production and sustainable manufacturing practices are key drivers for market growth. Magnesium is a light metal with a high strength-to-weight ratio, primarily utilized in the form of magnesium metal or magnesium compounds such as caustic-calcined magnesia, magnesium chloride, hydroxide and sulfates. Magnesium metal is primarily used as casting alloy in automotive and aerospace industries (64%), aluminum-base alloys for packaging and transportation (18%), and in the desulfurization of iron and steel (4%). Smelter production of magnesium metal in 2024 was 1 million metric tonnes, 85% coming from seawater, while smelter capacity worldwide is double. Also, approximately 75% of magnesium compounds serve industrial purposes including fertilizers, cattle feed, Epsom salts, heat-resistant bricks, de-icing etc. (USGS 2024). China produces 89% of the world magnesium and Europe sources 97% of its magnesium from China (EC, 2023). Qualified Person Statement The news release has been reviewed and approved by Mr. Jim Steel, M.B.A. a Qualified Person as defined by Canadian Securities Administrators National Instrument 43-101 'Standards of Disclosure for Mineral Projects'. Greenland Resources Inc. Greenland Resources is a Canadian public company with the Ontario Securities Commission as its principal regulator and is focused on the development of its 100% owned Climax type primary molybdenum deposit located in central east Greenland. The Project has also magnesium as a byproduct, a market dominated 89% by China. The Malmbjerg project is an open pit operation with an environmentally friendly mine design focused on reduced water usage, low aquatic disturbance and low footprint due to modularized infrastructure. The Malmbjerg project benefits from an NI 43-101 Definitive Feasibility Study completed by Tetra Tech in 2022, with an US$820 million capex and a levered after-tax IRR of 33.8% and payback of 2.4 years, using US$18 per pound molybdenum price. The Proven and Probable Reserves are 245 million tonnes at 0.176% MoS 2, for 571 million pounds of contained molybdenum metal. As the high-grade molybdenum is mined for the first half of the mine life, the average annual production for years one to ten is 32.8 million pounds per year of contained molybdenum metal at an average grade of 0.23% MoS 2, approximately 25% of EU total yearly consumption and 100% of EU defence needs. On byproduct magnesium, the project uses approximately 35,000 m 3 per day of saline water with around 900 ppm of magnesium and the Company is working on extracting magnesium from the saline water using innovative technologies. In addition, the molybdenum concentrate has a magnesium component. The Company is aiming to incorporate magnesium in the economics of the feasibility study. On June 19, 2025, The Company was awarded an exploitation license for molybdenum and magnesium. With offices in Toronto, the Company is led by a management team with an extensive track record in the mining industry and capital markets. For further details, please refer to our web site ( and our Canadian regulatory filings on Greenland Resources' profile at The Project is supported by the European Raw Materials Alliance (ERMA). ERMA is managed by EIT RawMaterials, an organization within the EIT, a body of the European Union. Forward Looking Statements This news release contains "forward-looking information" (also referred to as "forward looking statements"), which relate to future events or future performance and reflect management's current expectations and assumptions. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "hopes", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. All statements, other than statements of historical fact, are forward-looking statements or information. Forward-looking statements or information in this news release relate to, among other things: the enhancement of technical engineering support on the equity capex financing process with the Danish stakeholders by adding a qualified advisor; the award of the exploitation permit for molybdenum and magnesium for the Malmbjerg project and expected benefits to be received therefrom; mine permit matters; the Company's completion of remaining conditions of the exploitation permit; expected and estimate production from the Malmbjerg project and the extent to which such production may be able to meet the demand of the European Union; the impact of the exploitation permit and the Malmbjerg project on the population and broader economy and society of Greenland; taxes expect to result from the Malmbjerg project; expected uses of and demand for molybdenum and magnesium, in general and in particular regarding such minerals produced from the Malmbjerg project; expected future updates or disclosures from the Company regarding any of the foregoing; and the Company's objectives, goals or future plans. These forward-looking statements and information reflect the Company's current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: future planned development and other activities on the Project; satisfactory completion of the Environmental Impact Assessment (EIA); successful completion of public consultation for the Social Sustainability Assessment (SIA); the ability to finance the Company including successfully concluding off-take arrangements, banking facilities and strategic investment; successful completion of the mining and closure plans and obtaining the permitting on the Project in a timely manner; no adverse changes to the planned operations of the Project; continued favourable relationships with local communities; current EU and other initiatives remaining in place into the future; expected demand for molybdenum and magnesium in the EU and abroad, including by companies that expressed an interest in purchasing molybdenum and magnesium; our mineral reserve estimates including magnesium and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock confirming to sampled results and metallurgical performance; tonnage of ore to be mined and processed; ore grades and recoveries; assumptions and discount rates being appropriately applied to the technical studies; estimated valuation and probability of success of the Company's projects, including the Malmbjerg molybdenum project; prices for molybdenum and magnesium remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects; capital decommissioning and reclamation estimates; mineral reserve and resource estimates and the assumptions upon which they are based; prices for energy inputs, labour, materials, supplies and services (including transportation); no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner or at all; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive. The Company cautions the reader that forward-looking statements and information include known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements or information contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: favourable local community support for the Project's development; the projected demand for molybdenum and magnesium both in the EU and elsewhere, including by companies that expressed an interest in purchasing molybdenum and magnesium; the current initiatives and programs for resource development in the EU and abroad; the projected and actual status of supply chains, labour market, currency and commodity prices interest rates and inflation; the projected and actual status of the global and Canadian capital markets, fluctuations in molybdenum, magnesium and commodity prices; fluctuations in prices for energy inputs, labour, materials, supplies and services (including transportation); fluctuations in currency markets (such as the Canadian dollar versus the U.S. dollar versus the Euro); operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structure formations, cave-ins, flooding and severe weather); inadequate insurance, or the inability to obtain insurance, to cover these risks and hazards; our ability to obtain all necessary permits, licenses and regulatory approvals in a timely manner; changes in laws, regulations and government practices in Greenland, including environmental, export and import laws and regulations; legal restrictions relating to mining; risks relating to expropriation; increased competition in the mining industry for equipment and qualified personnel; the availability of additional capital; title matters and the additional risks identified in our filings with Canadian securities regulators on SEDAR+ in Canada (available at Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described, or intended. Investors are cautioned against undue reliance on forward-looking statements or information. These forward-looking statements are made as of the date hereof and, except as required by applicable securities regulations, the Company does not intend, and does not assume any obligation, to update the forward-looking information. Neither the Cboe Canada Exchange nor its regulation services provider accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
India Gazette
24-06-2025
- Business
- India Gazette
Scindia urges OEMs, chip makers for affordable telecom devices for mass connectivity, nation building
New Delhi [India], June 24 (ANI): Union Minister for Communications Jyotiraditya Scindia on Tuesday urged Original Equipment Manufacturers (OEMs), device and chip makers to produce telecom devices at nominal rates so that citizens can be connected with technologies. Speaking at the World Wi-Fi Day Conference in the national capital, Union Minister said, 'I must appeal to my industry, my chip makers, my OEMs, my device makers; we must ensure that we are able to produce devices at nominal cost to allow our citizens to connect to this technology. We cannot allow devices to become the new digital divide in our country.' The Union Minister comprehensively spoke on the digital divide, adding that this divide between Bharat and India has to be obliterated by technology, adding that access and affordability of telecom are needed. He asserted, 'We must ensure that this fight is one that is spread across the length and breadth of our country. It is like the arteries of the heart. And therefore, the digital divide between Bharat and India has to be obliterated by this technology. And for that we're not only looking at the ground... but we are also looking at the sky. Satellite, LEO and NEO both have become today a reality in India. Spectrum will be assigned on an administrative basis. Three licences have been given out, and those areas that were never connected will become connected in India.' The Minister further said that a duopoly in any sector is not good, adding that there must be competition in every sector. Scindia added that the role of government is to be a facilitator, not the regulator, simultaneously becoming customer-centric. 'Our job in government today is not to be a regulator. Our job in government today is to be a facilitator. We need to open those new vistas; we need to provide opportunity,' the Minister said. Scindia, in his keynote address at the World Wi-Fi Day Conference organised by the Broadband India Forum, stated that Wi-Fi will be a USD 22 billion segment in India by 2035, playing a transformative role in the nation's digital journey. Describing Wi-Fi as 'an invisible force capable of powering visible change', Scindia hailed India's rapid strides in digital inclusion, noting that India now contributes 46 per cent of global digital transactions. He emphasised that connectivity is no longer a luxury but a fundamental tool of empowerment, akin to access to capital and infrastructure in previous eras. Highlighting the recent de-licensing of the 6 GHz spectrum, the Minister said this move will enable multi-gigabit speeds and low-cost digital highways across India. Policy rules for the same will be announced before Independence Day 2025, he added. 'Connectivity is not a commodity; it is an act of nation-building,' he concluded, urging collective commitment to light up every rural home, empower every aspiring mind, and fortify public services with the power of Wi-Fi. (ANI)
Engadget
24-06-2025
- Automotive
- Engadget
The Tacx Alpine is a $1,100 gradient simulator for your Garmin smart bike trainer
Cycling season may have only just started, but that's not stopping Garmin from looking ahead to when all the roadies need to take their bikes indoors. On Tuesday, the company announced the Tacx Alpine, an indoor gradient simulator for its family of NEO smart trainers. The accessory can replicate inclines of up to 25 percent and declines of up to -10 percent, with adjustments made either manually through a built-in control panel or automatically when using the device with a compatible apps like Zwift and Garmin's own Tacx Training software. In those same apps, the Tacx Alpine also allows for real-time virtual steering adjustments. Naturally, Garmin Connect support is also included for stat tracking and more. In short, the Tacx Alpine is designed for those who want spice up their off-season training since pedaling a road bike on an indoor trainer is about the most boring thing ever. Garmin says mounting the front of your bike is easy. Inside the box, you'll find adapters for both quick release skewers (9 x 100), and thru axles (12 x 100, 15 x 100 and 15 x 110), so the Tacx Alpine will work with most modern road bikes. However, trainer compatibility is limited to Garmin's NEO 2T and Neo 3M models. Those cost $1,400 and $2,000 new respectively, and the accessory itself will set you back $1,100, with Garmin not planning to offer bundles at launch. That might seem like a lot to pay for an accessory designed to make your indoor rides less monotonous, but it's broadly comparable with the rest of the industry. Wahoo, for instance, sells its Kickr Climb simulator for $750, but it doesn't come with a steering feature. Meanwhile, the Elite Rizer, which offers both steering and gradient simulation, costs $1,000. Either way, if you're looking at one of these, chances are you already spent a pretty penny on a fancy carbon road bike and the thought of dropping another $1,000 on your hobby doesn't phase you. If you buy something through a link in this article, we may earn commission.
