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Medtech firms get personal with digital twins

HEIDELBERG, Germany: Armed with a mouse and computer screen instead of a scalpel and operating theater, cardiologist Benjamin Meder carefully places the electrodes of a pacemaker in a beating, digital heart. Using this “digital twin” that mimics the electrical and physical properties of the cells in patient 7497’s heart, Meder runs simulations to see if the pacemaker can keep the congestive heart failure sufferer alive - before he has inserted a knife. The digital heart twin developed by Siemens Healthineers is one…

Online betting firms gamble on soccer-mad Nigeria

LAGOS: Online sports betting is booming in soccer-mad Nigeria largely thanks to payment systems developed by homegrown technology firms that are starting to make online businesses more viable. For years, mobile payments failed to take off in Nigeria as they have in countries such as Kenya, where Safaricom’s M-Pesa money transfers have fostered a culture of cashless payments. Fear of electronic fraud and slow internet speeds have held Nigerian online consumers back but betting firms says the new, fast digital payment…

Biotech firms race to recruit good bugs in war on cancer

Biotech companies are competing to develop medicines using “bugs as drugs” to fight cancer, building on the latest scientific findings that patients with high levels of good gut bacteria are more likely to respond to modern immunotherapy. Certain bacteria seem to help in cancer by priming immune cells and smoothing the path for immunotherapy drugs known as PD-1 drugs that work by taking the brakes off the immune system. Seres Therapeutics hopes to become the first company to leverage this discovery through a…

German, Chinese firms offer healthcare, sustainable farming projects

KARACHI:  A conglomerate of German and Chinese firms has jointly offered Sindh government three important health sector projects including a 200-bed cancer hospital, 200-bed organ transplant hospital and 30-50 bed emergency centres on Build Operate and Transfer (BOT) basis. The top management of the foreign firms RE Tech German Group and China Rainbow Investment Company (CRIIC) in a joint meet with Sindh Chief Minister Syed Murad Ali Shah offered to launch three important health sector projects BOT basis. The German…

North Korean firms in China ordered to close by January

BEIJING: China said on Thursday North Korean firms operating in the country will have to shut down by January as Beijing applies UN sanctions imposed following Pyongyang's sixth nuclear test. The commerce ministry said the companies, including joint ventures with Chinese firms, have 120 days to close from the date the United Nations resolution was adopted, September 11. The sanctions spare, on a case by case basis, entities involved in non-commercial activities or public utility infrastructure projects that do not…

US cable firms embrace former foe Netflix as TV viewing shifts

A growing number of US cable operators are forming alliances with Netflix Inc NFLX.O, a shift that is helping the streaming pioneer add customers as its largest single market matures. No. 3 distributor Charter Communications Inc CHTR.O is expected to make Netflix available through its set-top boxes, joining more than a dozen top U.S. pay television operators adopting a model first rolled out in Europe. Some U.S. providers could start selling the streaming service as part of their Internet and video packages. Altice NV…

European telecom firms pin hopes on ‘Esports’ video game gladiators

MADRID: Marcos Ochoa has just landed the dream job for many young Europeans: he is being paid to play video games. The 27-year-old Spaniard, whose internet nickname is "Aeroz", is a rising star of the Esports, or video games competitions that are played online or even in sports arenas. With championships watched by crowds of fans similar to traditional events like the NBA basketball finals or soccer World Cup, telecom firms see Esports as a way to lure younger clients and brand themselves as digital companies rather than…

US, Saudi Arabian firms sign tens of billions of dollars of deals as Trump visits

RIYADH: US and Saudi Arabian companies signed business deals worth tens of billions of dollars on Saturday during a visit by President Donald Trump, as Riyadh seeks help to develop its economy beyond oil. National oil firm Saudi Aramco said it signed $50 billion of agreements with U.S. firms. Energy minister Khalid al-Falih said deals involving all companies totaled over $200 billion, many of them designed to produce things in Saudi Arabia that had previously been imported. Business leaders on both sides were keen to…

UK govt “names and shames” firms for underpaying staff

LONDON: The government of the United Kingdom has “named and shamed” more than 350 companies after being fined for not paying their employees either the national minimum wage or the living wage. A total of 360 employers, including large numbers of hair salons, hotels, care homes and retailers, failed to pay either the national minimum wage or the national living wage to more than 15,500 workers, according to the list published by the Department for Business, Energy and Industrial Strategy. Excuses for underpaying…