AWS Launches Infrastructure Region in Mexico

Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced the launch of the AWS Mexico (Central) Region. Starting today, developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, will have greater choice for running their applications and serving end users from AWS data centers located in Mexico. As part of its long-term commitment, AWS is planning to invest more than $5 billion in Mexico over 15 years.


Ares Management Raises €30 Billion for European Direct Lending Strategy

Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its sixth commingled European direct lending fund, Ares Capital Europe VI (“ACE VI” or the “Fund”). With total commitments of €17.1 billion, the Fund closed above its €15 billion target and reached its hard cap. Ares believes that ACE VI is the largest institutional fund in the global direct lending market to date based on LP equity commitments.


ACE Fiber drives high-speed connectivity to New Albany with Adtran broadband solution

Adtran today announced the expansion of Alcorn County Electric Power Association’s (ACE Power) fiber subsidiary, ACE Fiber, into New Albany, Mississippi. The new network utilizes Adtran’s comprehensive suite of fiber network technologies, significantly enhancing internet speed, accessibility and reliability for homes and businesses throughout the city.


Esmark, Inc. and Esmark Steel Group Reaffirms Support for U.S. Steel Merger by Nippon Steel

Esmark, Inc. and Esmark Steel Group today reaffirmed their support for the proposed merger between U.S. Steel and Nippon Steel and urges the Trump administration to revisit this alliance. The proposed merger is positioned to bring significant benefits to the combined company’s workers, strengthened U.S. national security, as well as bolstering America’s status in the international steel industry.


Swiss-based Non-profit GARDP Supports the Development of Debiopharm’s New Potential Treatment for Gonorrhoea

The Global Antibiotic Research & Development Partnership (GARDP) and the Swiss-based global biopharmaceutical company Debiopharm have signed a memorandum of understanding to develop Debio 1453, a novel compound representing a new antibiotic class that targets Neisseria gonorrhoeae. Multidrug-resistant strains of N. gonorrhoeae have emerged globally, limiting treatment options and elevating this pathogen to the high-priority category on the World Health Organization’s Bacterial Priority Pathogen List.


Starr Names Peter Hirs to Succeed Howard Smith as CFO

Starr announced that Peter Hirs has been named the company’s chief financial officer, effective January 13, succeeding Howard I. Smith, who is retiring after more than 40 years at Starr and related entities.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250113071409/en/


CEEC-built World's First 300 MW Compressed Air Energy Storage Plant Connected to Grid at Full Capacity

The world's first 300 MW compressed air energy storage (CAES) demonstration project, "Nengchu-1," was fully connected to the grid in Yingcheng, central China's Hubei Province on Thursday, marking the official commencement of commercial operations for the power station.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250111706594/en/


Arthur D. Little Blue Shift Report Explores Transformative Impact of AI on Research, Development, and Innovation

AI has started to power all steps of research, development, and innovation (R&D&I), including those that require creativity, working alongside and augmenting humans, with its use increasing rapidly. However, while it is already delivering major productivity gains in specific areas or sectors its widespread integration into R&D&I processes is still relatively immature, and it faces a range of challenges around technology, economics, regulation, and societal acceptability. Irrespective of these challenges, six no-regret strategic actions should be undertaken today.