Industry

The industry that was spending $10,000 a minute has reached its peak   At the peak of the LNG construction boom, oil and gas company Santos was spending about $10,000 a minute over seven years to bring its $25 billion Queensland-based Gladstone LNG project online. But the days of new gas mega-projects being built is over as the industry shifts into a new gear of producing gas, says Deloitte. In a new report, Deloitte says the completion of another two major LNG projects – Inpex’s Ichthys project in the Northern Territory and Chevron’s Wheatstone project in WA – has all...

S7 signs for Amadeus Altea S7 Airlines is to transition its main IT platform to Amadeus’ Altea for its reservations, passenger management and inventory handling. First Deputy General Director Tatyana Fileva said: “Amadeus Altea will allow us to optimise the business processes associated with issuing tickets and registering passengers, as well as automate a number of manual operations. We chose the best passenger service system. “Partnership with Amadeus will allow us to change and develop as actively as we want, and provide the best service to our passengers without encountering technological limitations.” Ten other oneworld member airlines also use Amadeus...

New mobile browser lets users in Mexico “swipe” through search results Cake is the highest-rated mobile browser for iPhone, with a 4.7 global rating, and has a competitive 4.2 rating on Android. Users love it more than Safari and Chrome because it allows them to get to their search results faster while using the search engine of their choice. For users in Mexico, Cake has features that make searching easier in their area:   Group Search lets you see more video, images and shopping results by searching a group of customizable popular websites simultaneously—going deeper than a single search engine....

Nokia and China Mobile to set up joint AI*5G lab for further research using artificial intelligence and machine learning in 5G networks MoU signed to research radio resource management and traffic prediction using AI and machine-learning in 5G  RAN network Establishment of joint AI*5G lab in Hangzhou, China, to accelerate technical innovation and integration. Collaboration will foster open RAN ecosystem as Nokia and China Mobile work with third parties to shape future super-fast 5G and Edge Cloud services China Mobile will lead solution definition and related open API interface standardization, Nokia responsible for solution verification and demo development. Leverages Nokia...

FAP launches Germany-focused Real Estate Debt Funds Luxembourg based "FAP Balanced Real Estate Financing I" will make 250 million Euros of mezzanine capital available for real estate and property investments  Frankfurt/Berlin, 19th June, 2018. With “FAP Balanced Real Estate Financing I” this week a new real estate debt fund is being launched for mezzanine loan financing of portfolio properties, revitalisation projects and project developments in Germany, as well as selectively in the Netherlands and Austria.The “master/feeder” fund, based in Luxembourg with the legal form of a fully regulated S.C.Sp., SICAV-SIF, will provide mezzanine capital in the coming years amounting to...