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Food Interview Lite Blogs

 Tailoring Sustainable Food Solutions with Technology

“Food technology should encompass the imperative of science and long-standing cultural practices along with a vision towards sustainability”: An Interview with Gopika Jyothi By Aswin Prasanth

Gopika Jyothi began her professional journey soon after achieving her Bachelor’s Degree in Food Technology. She started modestly as a Quality Consultant in the field of Quality Management and later moved to AB Mauri India, as a Product Developer for the savory category. After serving the industry for five years, she moved to the Netherlands to pursue a Master’s in Food Technology from Wageningen University & Research.

Ms. Jyothi’s Master’s programme primarily focused on various aspects of product designing. After graduation, she joined the Global Specifications team at Danone in the Netherlands. She currently contributes her expertise to the development of Danone’s product line as a dedicated Product Developer within the Specialized Nutrition Category.

How do the nutritional value and shelf life of food products change as a result of food processing?

Both the nutritional content and the shelf life of food products undergo significant changes due to food processing. Throughout history, ancient methods have become integral to culinary traditions. One crucial aspect of processing involves extending the shelf life of food products. Preserving perishable food is a simple transformation technique that often masquerades as processing. Surprisingly, food processing encompasses even the basic function of cooking. Traditional ingredients like fire, heat, charcoal, and salt were the forerunners, but the advance of science brought about an era of complex food processing techniques. Methods like extrusion and freeze drying are some of the innovations that significantly improved the temporal stability of food.

Despite these advancements, the link between food processing and its impact on nutrition remained overlooked at first. Our ancestors notably lacked a complete understanding of this relationship. Nonetheless, a significant turning point emerged with the advent of techniques like fortification, which introduced the concept of nutritional enrichment. This shift in thinking was driven by nutritional awareness among the consumers. The establishment of dietary requirements played a pivotal role in fostering the connection between nutritional elements and food processing methods, contributing to the growth of this field.

What are the potential benefits and challenges of cultured meat production when compared to traditional meat production?

The idea of producing cultured meat emerged in the early 2000s, at a time when concerns about animal welfare and sustainability were becoming increasingly important. This innovative approach has a significant ethical dimension as it eliminates the need to slaughter animals. Instead, it involves growing meat cells through artificial methods in labs, thereby giving a chance to enhance the nutritional value and to use various techniques. Thus, by embracing this method, there is an opportunity to make meat more nutritious and save numerous animal lives. In addition to animal welfare, cultured meat also presents a multi-faceted solution that also addresses the urgent problems of climate change arising from the meat industry.

However, the adoption of cultured meat faces resistance due to consumer skepticism. People’s natural tendency to be cautious about change presents a significant hurdle that requires time to overcome. A major challenge revolves around recreating the familiar texture of actual meat, which is made more difficult by its subjective nature and people’s existing familiarity with its taste. Achieving the right sensory experience emerges as one of the most complex and intimidating aspects of incorporating cultured meat into the wider world of cuisine.

How exactly is 3D printing being put to use within the food industry? Moreover, what intriguing possibilities does it bring to the table for crafting personalized nutrition and innovative food designs?

The rising trend of 3D printing has now expanded into the realm of food design, bringing with it the exciting potential to elevate different aspects of our food. This technology is not just about making things look better – it is about refining textures and appearances, all the while achieving an unmatched level of precision. With the magic of 3D printing, we can add a whole new layer of sophistication to the dishes we create in the kitchen. What is even more remarkable is that this technology has paved the way for things like plant-based 3D printed steaks and innovative fish products. These creations not only offer a sustainable and environmentally friendly option but also address important ethical considerations by reducing carbon emissions. However, recreating the full sensory experience, especially the unique feeling in the mouth while eating, presents a significant obstacle in the world of 3D printed cuisine.

While 3D printing in food design shows great potential, there are still doubts about whether it can truly address individual nutrition requirements and capture essential sensory elements.  

How can food technology contribute to mitigating the effects of climate change in agriculture and food production?

Lately, a marked shift in focus is observed within food industry towards sustainability. Vegan and cultured meat products testify to this new trend. Both kinds of products have a crucial role in helping to reduce the resource-heavy methods used in the meat industry. When we adopt these options, we lessen the pressure on our land and water resources. This also means that we do not have to rely heavily on animal farms and it helps to lower the amount of carbon emissions they produce.

The traditional ways of farming for the meat industry have caused a big problem by using a lot of land and water, which in turn has a big impact on our climate. But now, thanks to the advancements in food technology, we expect to have promising solutions. By carefully choosing the right materials and improving the processes, we can actually produce more meat with less impact, which is good for both our environment and our food supply.

Another aspect to think about is the challenge of making sure these advancements reach the general population. By doing so, we must also recognize that the food industry has its own environmental impacts. Let us consider a relevant example: the complex logistics system involved in the industry is to make the food reach as many people as possible. Think about the intricate network of supply chains, transportation, and distribution channels. All these components add up to the carbon footprint, highlighting the many ways how food technology is connected to climate change.

What are the ethical considerations surrounding the development and consumption of Genetically Modified (GM) foods through biotechnology?

Different countries have different opinions when it comes to accepting Genetically Modified (GM) foods. Not all nations have banned the use of GM foods.

These foods are created by making changes to the genes of plants or crops that can result in some really useful qualities. For instance, we can have tomatoes that are vibrant red in color, or wheat that stays fresh for a longer time without spoiling. One big advantage of this technology is that it allows scientists to get rid of genes in crops that may be detrimental to its growth or quality. This means that we can grow crops that are healthier and more resistant.

However, the ethical dimension of GM foods warrants consideration, as it involves the deliberate manipulation or alteration of something that is natural. This interference with the natural order evokes skepticism among individuals, stemming from concerns that we are tampering with the intrinsic essence of living organisms. The potential consequences of GM food production require a thorough and comprehensive investigation to achieve a deeper understanding.

ALSO READ-UAE calls on G20 to support global food-agri-climate framework

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-Top News China USA

Biden mulls curbs on US businesses investing in China

Some types of new investment in critical sectors will be prohibited while others will require companies to notify the US government.

The Joe Biden administration in the US is reportedly about to announce new restrictions on US companies investments in China, noted analyst Christopher Wood of Jefferies said in a research note.

“The word is that Biden aims to sign an executive order in coming weeks that will limit investment in China by American businesses. The executive order will reportedly cover semiconductors, artificial intelligence and quantum computing,” Wood wrote.

Some types of new investment in critical sectors will be prohibited while others will require companies to notify the US government. The US hopes to get an endorsement from its G7 partners on such investment curbs at the G7 summit in Japan which begins May 19, Wood said.

The cumulative direct investment in China by US business totalled $118 billion at the end of 2021, with $57 billion or 48 per cent going into the manufacturing sector.

An April 20 speech by US Treasury Secretary Janet Yellen was clearly an attempt to extend an olive branch. In particular, Yellen stated that US national security concerns “are not designed for us to gain a competitive economic advantage, or stifle China’s economic and technological modernisation”.

US President Joe Biden with his Chinese counterpart Xi Jinping in Bali Indonesia. (Photo Twitter@SpokespersonCHN)

It was clearly a reference to the stated policy of the US Department of Commerce to block the supply of advanced semiconductors to China.

Wood said it also seems from a Beijing point of view as a targeted effort by Washington’s national security lobby to stop China from upgrading its economy, which results in the risk that it is stuck in the dreaded middle-income trap given China’s deteriorating demographics.

So Yellen’s tone should be welcomed as an effort to soften the rhetoric of late coming from the likes of National Security Advisor Jake Sullivan or Secretary of State Antony Blinken, who appear at times to be out to pick a fight with China,.

Yellen’s speech represents mixed messages at best. Indeed, China’s Foreign Ministry spokesman Wang Wenbin stated last Friday that Washington’s “true intention is to deprive China of its development rights”. It is pure economic coercion, Wood added.

ALSO READ: FBI chief reveals shocking ratio of Chinese hackers to US cyber staff

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-Top News Europe India News

India, Germany sketch roadmap to boost tech ties

The initial focus areas of Indo-German cooperation are innovation, technology and economy.

India and Germany have the vision to enhance cooperation in innovation, technology, and research which aims at benefitting humanity. This cooperation was agreed upon by Prime Minister Modi and Chancellor Olaf Scholz, according to the joint statement released by the Ministry of External Affairs (MEA).

Today, PM Modi and Chancellor Scholz agreed to deepen and widen this cooperation and to work towards a roadmap for innovation and technology with a view to using scientific and technological knowledge for the economic development of both countries as well as to address global challenges. India and Germany share a long history and both countries share the responsibility for global peace, stability, sustainability and prosperity.

India and Germany reaffirmed their close ties through the India-German Green and Sustainable Development Partnership (GSDP), and acknowledge the positive and proactive roles of the governments, institutions, academia and industry on both sides, which has led to the emergence of Germany as one of India’s prime partners for technological collaborations. They highlight the following flagships of cooperation, on which joint efforts will continue to focus.

According to the statement, India and Germany recognize the role and importance of science, technology and innovation in socioeconomic development, and emphasize the progress being made in ongoing projects.

They recognize the increasingly critical role of technologies in responding to key challenges of our times, which include inter alia climate change, biodiversity loss, land degradation, extreme weather events, pollution, energy security and achieving long-term sustainable development and growth. They are convinced that common goals can be better achieved through close cooperation, building on the individual strengths and capacities of both partners.

Looking at today’s working and economic world, India and Germany agree to further develop their comprehensive economic relations in a spirit of equality and reciprocity. They are committed to further development and improvement of an enabling environment for innovation

The initial focus areas of Indo-German cooperation are innovation, technology and economy. India and Germany pursue the common intention of advancing the energy transition in both countries with the aim of achieving a socially just, ecologically and economically sustainable, secure and affordable energy supply, reducing their dependence on imports of fossil fuels and decarbonizing their economies.

India and Germany appreciate the progress achieved under the Joint Declaration of Intent (JDI) on ‘Indo-German Green Hydrogen Task Force,’ signed during the sixth Indo-German Intergovernmental Consultations (IGC) between the Ministry of New and Renewable Energy (MNRE), India and the Ministry for Economic Affairs and Climate Action (BMWK), Germany on May 2, 2022, to strengthen mutual cooperation in production, utilization, storage and distribution of green hydrogen.

Collaboration between India’s Department of Science and Technology (DST) and Germany’s Fraunhofer-Gesellschaft (FhG) on Green HydrogenIndia and Germany welcome the signing of the Letter of Intent by DST and FhG, according to which both institutions intend to cooperate on, inter alia, Hydrogen Energy Clusters being set up by DST, integrating FhG’s technologies with Indian technologies, and long-term technology development in the areas of renewable energy.

India and Germany acknowledge that digital technologies and solutions could address key development needs and highlight the potential of these digital solutions to achieve the Sustainable Development Goals (SDGs) in other parts of the developing world. India looks forward to sharing digital solutions and expertise with Germany.

As per the statement, India and Germany recognize AI’s potential to enhance the work and lives of people, through its wide array of applications. The framework for cooperation in the field of AI is laid out in the Joint Declaration of Intent between the Indian Ministry of Electronics and Information Technology and the Federal Ministry of Economics and Technology (now the Federal Ministry of Economic Affairs and Climate Action) on 30 May 2017. (ANI)

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-Top News Defence USA

B-21 Raider: US unveils high-tech stealth bomber

Delivering his remarks at the ceremony in California, US Secretary of Defense Lloyd Austin said the B-21’s edge will last for decades, reports Asian Lite News

The United States has unveiled the B-21 Raider stealth bomber, the world’s first sixth-generation aircraft that will soon be delivered to the US Air Force.

“The Northrop Grumman team develops and delivers technology that advances science, looks into the future and brings it to the here and now,” said Kathy Warden, chief executive officer of Northrop Grumman which developed the bomber. “The B-21 Raider defines a new era in technology and strengthens America’s role of delivering peace through deterrence.” Delivering his remarks at the ceremony in California, US Secretary of Defense Lloyd Austin said the B-21’s edge will last for decades. Austin explained that the B-21 bomber will not be theater-based, it won’t need logistical support to hold any target at risk, and the most sophisticated air defence systems will struggle to detect the stealth aircraft.

Austin added that the B-21 will be the most maintainable bomber ever built, designed to deliver both conventional and nuclear munitions with formidable precision.

He said the aircraft will be able to gather intelligence to integrate with allies and partners. The aircraft will be able to support joint and coalition forces across the full spectrum of operations.

In a statement, Northrop Grumman described the B-21 Raider forms the backbone of the future for U.S. air power. Its sixth-generation capabilities include stealth, information advantage and open architecture.

“The B-21 Raider is a testament to America’s enduring advantages in ingenuity and innovation. And it’s proof of the Department’s long-term commitment to building advanced capabilities that will fortify America’s ability to deter aggression, today and into the future. Now, strengthening and sustaining U.S. deterrence is at the heart of our National Defence Strategy,” said Austin.

“This bomber was built on a foundation of strong, bipartisan support in Congress. And because of that support, we will soon fly this aircraft, test it and then move into production,” he added.

The B-21 is capable of networking across the battlespace to multiple systems, and into all domains.

“Supported by a digital ecosystem throughout its lifecycle, the B-21 can quickly evolve through rapid technology upgrades that provide new capabilities to outpace future threats, according to Northrop Grumman’s statement,” the American multinational aerospace said.

The B-21 Raider is named in honour of the Doolittle Raids of World War II when 80 men, led by Lt. Col. James “Jimmy” Doolittle, and 16 B-25 Mitchell medium bombers set off on a mission that changed the course of World War II.

The designation B-21 recognizes the Raider as the first bomber of the 21st century, the US company adds. (ANI)

ALSO READ: US deploys B-1B bombers in Guam amid N. Korea tensions

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-Top News Business India News

Modi launches 5G in India

Prime Minister Modi said: “With 5G, India is setting a global standard in telecom technology for the first time,” reports Asian Lite News

As Prime Minister Narendra Modi on Saturday launched 5G telephony services, India ushered in an era of ultra high-speed Internet.

Addressing the gathering in the presence of industry leaders including Mukesh Ambani, Chairman and Managing Director, Reliance Industries Limited; Sunil Bharti Mittal, Chairman, Bharti Enterprise; Kumar Mangalam Birla, Chairman, Aditya Birla Group and others, the Prime Minister said that the summit might be global but its repercussions and directions are local.

Modi also inaugurated the sixth edition of the India Mobile Congress (IMC) in New Delhi and also witnessed the IMC Exhibition that was put on the occasion.

“Today, 130 crore Indians are getting a wonderful gift in the form of 5G from the country and from the telecom industry of the country. 5G is a knock on the doors of a new era in the country. 5G is the beginning of an infinite sky of opportunities. I congratulate every Indian for this.”

The PM noted with satisfaction that in this launch of 5G and the march of technology, rural areas and workers are equal partners. Stressing on the technological growth that India has been witnessing in the last few years, the Prime Minister said, “New India will not remain a mere consumer of technology, but India will play an active role in the development and implementation of that technology.”

The Prime Minister pointed out that India was dependent on other countries for 2G, 3G and 4G technologies. But with 5G, India has created a new history. “With 5G, India is setting a global standard in telecom technology for the first time,” he remarked.

Talking about Digital India, the Prime Minister said that some people think that this is just a government scheme. “But Digital India is not just a name, it is a big vision for the development of the country. The goal of this vision is to bring that technology to the common people, which works for the people, works by connecting with the people.”

Focussing on the need for a holistic approach to Digital India, the Prime Minister elaborated “We focused on four pillars, in four directions at once. First, the price of the device; second, digital connectivity; third, the cost of data; fourth, and most importantly, the idea of ‘digital first’ .

Regarding the first pillar, the Prime Minister said that the low cost of devices can only be achieved through Aatmnirbharta. The Prime Minister recalled that there were only two mobile manufacturing units in India till eight years ago. “These numbers have now gone up to 200,” Modi said.

The Prime Minister underlined that from exporting zero mobile phones in 2014, today we have become a mobile phone exporting country worth thousands of crores. “Naturally, all these efforts have had an impact on the cost of the device. Now we have started getting more features at a lower cost,” he added.

Modi also mentioned that India had 25 crore Internet connections back in 2014; a number that has now increased to 85 crore. More Internet users are coming onboard from rural areas. 5G will play a key role in how users new and old will benefit from the Internet and its possibilities.

“Many people used to make fun of my Aatmanirbhar Bharat – but we increased mobile phone manufacturing units in India. 8 years back, there were only two mobile manufacturing units. Today there are over 200 units in India. We are at number 2 in the world and are exporting our mobile phone to the world,” said the PM.

PM visits the exhibition at the 6th edition of India Mobile Congress, in New Delhi on October 01, 2022. (PIB)

PM Modi also virtually interacted with Metro workers, who were present inside a Metro tunnel, via 5G technology.

The Prime Minister said that the cost of data is among the lowest in the world. It has come down from 300 rupees per GB to about 10 rupees per GB. Remarking on the consumer-centric focussed efforts of the government, the Prime Minister said that the cost of data in India has remained very low due.

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-Top News Technology UAE News

e& Joins NFT Bandwagon

The launch batch of NFTs highlights e&’s commitment to advancing tech capabilities as the company’s blockchain arm crossed AED10 billion worth in transactions last year

e& (formerly known as Etisalat Group) announced launching its first set of non-fungible tokens (NFTs), marking a significant milestone for e& as the first technology and investment conglomerate in the Middle East to launch NFTs.

The inaugural set of NFTs will be distributed selectively, and the Group will be providing further updates as their plans for the NFTs progress. The launch batch of NFTs highlights e&’s commitment to advancing tech capabilities as the company’s blockchain arm crossed AED10 billion worth in transactions last year. It underpins the company’s vision to make a difference at every touchpoint by ideating and deploying best-in-class innovative solutions, harnessing advanced technologies, and maintaining its cutting-edge infrastructure.

Mr Hatem Dowidar, Group CEO

Mr Hatem Dowidar, Group CEO, e&, said: “The digital transformation that we are experiencing on all fronts will accelerate our quest to innovate. The metaverse is opening up several avenues for us to investigate the digital realm in ways that were unimaginable just a few years ago. At this defining moment in our journey, we are proud to leverage our legacy in blockchain-enabled tech to launch pioneering NFTs that allow us and our customers to explore the limitless potential that the metaverse holds.

“The NFTs designs were sourced in the UAE, where we are keen to support the local development of new products, technologies and solutions. This is a unique opportunity to celebrate how far we’ve come as a company and to continue exploring what’s next on the horizon. We live in the renaissance of connectivity where we must capitalise on every opportunity that strengthens our continued leadership as the champion digital telco in a hyper-connected world.”

ALSO READ: FICCI, DIFC launches India–UAE Start-Up Corridor

This milestone is one of the more recent successes that e& has seen in its current transformation journey as a global technology and investment conglomerate. e& has been instrumental in developing and bolstering the UAE’s strong telecoms infrastructure since its foundation 46 years ago. As e& transforms into a technology conglomerate and keeping in line with UAE’s digitalisation ambitions, it has combined its scalable technological competencies with its robust telecoms expertise, enriching the lives of customers and adding value to enterprises.

Etisalat Group has changed its brand identity to e&, effective from 23 February 2022. Its strategy aims to accelerate growth through the creation of a resilient business model representing the Group’s main business pillars. The Telecoms business currently continues to operate led by Etisalat UAE in e&’s home market and by existing subsidiaries for international operations, upholding the Group’s rich telecoms heritage, bolstering the strong telecoms network and maximising value for the Group’s various customer segments.

To enable the digital transformation of governments, large-scale enterprises and corporates, e& enterprise focuses on maximising value through its end-to-end solutions in, Cloud, Cybersecurity, Internet of Things (IoT) and Artificial Intelligence (AI). e& capital allows the Group to focus its efforts on driving new mergers and acquisitions while maximising shareholder value and strengthening global presence.

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China Motoring Technology

Audi unveils plans for ‘Audi urbansphere’

Audi urbansphere concept offers a radical vision for the future of urban travel…reports Asian Lite News

Systematically designed from the inside out, Audi has unveiled plans for the Audi urbansphere concept car. Designers and engineers initially created the Audi urbansphere for use in traffic-dense Chinese megacities, although the concept is also suitable for any other metropolitan centre in the world. In these urban areas, where personal space is in particularly short supply, the concept car offers the largest interior space of any Audi to date. It intelligently coordinates this with technologies and digital services that appeal to all the senses and offer a whole new level of experience.

Markus Duesmann, Chairman of the Board Management at AUDI AG: “In order to meet the demands of our Chinese customers, Audi’s design studios in Beijing and Ingolstadt worked together closely to jointly develop the Audi urbansphere concept car. For the first time, potential customers in China could also take part in the development process, contributing their own desires and perspectives as part of a process known as ‘co-creation’.”

The result can be seen in the Audi urbansphere concept and its particularly striking interior. The spacious automobile acts as a lounge on wheels and a mobile office, serving as a living space during the time spent in traffic. To this end, the Audi urbansphere combines the luxury of complete privacy with a comprehensive range of high-tech features on board, even during the daily rush hour. Automated driving technology transforms the interior, in which a steering wheel, pedals, or displays are notably absent, into a mobile interactive space that provides a gateway to a wider digital ecosystem.

Audi urbansphere Front

Audi sphere – first class to the power of three

Audi skysphere, Audi grandsphere, and Audi urbansphere are the three concept cars that the brand with the four rings has developed to showcase its vision for the world of premium mobility of tomorrow. In the process, Audi is creating a vehicle experience that goes far beyond the purpose of merely spending time in a car to get from point A to point B.

Sphere number 1: The electrically driven roadster Audi skysphere concept debuted in August 2021. It presented a spectacular vision of a self-driving GT that transforms into a self-driving sports car with a variable wheelbase.

Just a few weeks later, Audi unveiled the second model in the sphere series, the Audi grandsphere concept, at the IAA 2021. This large four-seater sedan exemplified the brand’s ambition to define the future of progressive luxury.

What both concept cars have in common with the Audi urbansphere is that the entire concept is based on level 4 autonomous vehicle technology. Audi is currently working with CARIAD, Volkswagen Group’s software business, to introduce this technology within the second half of the decade.

Audi urbansphere Interior

Fast charging, high range

The heart of the drive system is the 800-volt charging technology. It ensures that the battery can be charged with up to 270 kilowatts at fast-charging stations in the shortest possible time. As such, charging times approach those of a conventional stop to refuel a car powered by an internal combustion engine: just 10 minutes are enough to charge the battery to a level sufficient to power the car to travel more than 300 kilometres (186 miles). In addition, the battery, which holds more than 120 kilowatt hours, can be charged from 5 to 80 percent in less than 25 minutes. This means that a range of up to 750 kilometres (466 miles) can be expected, according to the WLTP standard – and even when used for more energy-intensive city and short-distance trips, it is generally possible to avoid making unexpected stops to charge.

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Drive system

The Audi urbansphere concept’s two electric motors are capable of delivering a total output of 295 kilowatts and a system torque of 690 newton metres. These are impressive figures that are often not fully utilised when driving in dense urban traffic. Nevertheless, the Audi urbansphere is still equipped with permanent quattro four-wheel drive – an essential feature for the brand’s high-performance models.

As part of Audi’s vision of progress and plans for future mobility, one of these new concept cars, the Audi urbansphere, is currently on display at the Museum of the Future this Ramadan as part of a new partnership.

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Arab News News

Israeli researchers discover cell mechanism for rapid DNA repair

Israeli researchers discovered a mechanism responsible for the rapid repair of broken DNA, the northern Israel Institute of Technology, or Technion, said…reports Asian Lite News

The discovery, included in a new study published in the journal Nature Communications, may have implications for DNA repair in human cells and for understanding disorders in various disease states, the Technion said on Tuesday.

The genome, essential for all organisms, is threatened by many external and internal factors, which cause thousands of DNA damage events in each cell every day, Xinhua news agency reported.

Some damages could be so severe as to cause harmful mutations and cell death. So during evolution, the living cell developed sophisticated repair mechanisms for dangerous breaks.

In bacteria, the repair is initiated by the enzyme RecBCD, which forms the pair of bases that make up the double helix of DNA in the area of damage.

The energy for this process is extracted by the enzyme from ATP molecules, which carry the cell’s energy.

In this process, more than 1,600 base pairs are unwinded in a second, which is a tremendous speed in biological terms. To reach this speed, RecBCD needs thousands of ATP molecules per second.

ALSO READ: ‘Visit Abu Dhabi Roadshow’ in Israel

The Technion researchers found the existence of auxiliary binding sites in RecBCD, which allow the high speed.

“RecBCD achieves its optimised unwinding rate, even when ATP is scarce, by using the auxiliary binding sites to increase the flux of ATP to the required locations,” the researchers explained.

The binding sites create a “funnel” for ATP molecules, which channels the “fuel” toward the two “engines” of RecBCD efficiently and quickly, according to Technion.

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News Tech Lite Technology

Report: Quantum computing technology advancing rapidly

Spending on quantum computing will surge from US$260 million in 2020, to US$9.1 billion by 2030…reports Asian Lite News

According to a report during the Investopia summit, quantum computing technology is advancing rapidly and is on track to enable solving more complex business problems through enhanced optimisation, machine learning, and simulation.

This is bringing transformation potential to multiple industries, making it possible to discover new remedies in life sciences, improve wealth management scenarios in financial services, reroute supply chains in real-time and more.

According to Tractica LLC, a market intelligence firm, spending on quantum computing will surge from US$260 million in 2020, to US$9.1 billion by 2030.

In order to solve real-world business problems at scale, the management of quantum computing must shift toward information technology (IT) services that are integrated into the enterprise infrastructure.

Ideally, this business-centric, IT-driven approach will use a modern consumption model that is abstracted from the underlying hardware and fully integrates with enterprise services and data sources.

ALSO READ: Govt focus on drone technology to boost agritech startups

Designating quantum leads from both the business and IT departments, and extending the availability of quantum methods across the organisation, will encourage engagement, increase understanding and create more opportunities for innovative sparks.

In the future, this approach could also use quantum architecture stacks that automatically select the most appropriate computing power to solve a given problem. Taking this top-down and industrialised approach to quantum computing is the pathway to innovating at speed and scale.

90 percent of organisations will partner with consulting companies or full-stack providers to accelerate quantum computing innovation through 2023, according to Gartner.

The first Investopia investment summit, which held during WGS2022 last week, convened decision-makers, private sector leaders, social institutions, and investment companies from all around the world to explore new economic models for the post-pandemic era. (WAM)

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Business Events News

Epson publishes its 2021 ‘Green Choice’ European sustainability report

Report evidence Epson’s actions and progress towards sustainable transformation through technology innovation…reports Asian Lite News

Epson showcases significant progress towards fully sustainable operations, with the publication of its 2021 European Sustainability Report, Making the Green Choice. Beyond Epson’s investment in its own transformation, the report details innovations — such as heat-free technologies — that will help every customer achieve a sustainable future.

Sustainability — ambition and investment

Yoshiro Nagafusa, President and CEO, Epson EMEAR, added, “As the world realigns after COP26, Epson continues its ambitious sustainability commitments, investment and objectives. Our lower carbon, less wasteful, heat-free technologies will empower our customers as we all work to deliver on the promise of a sustainable society.”

Epson is targeting ¥100 billion (around €770 million) at its sustainability transformation over the next decade. This will see investment to decarbonise and close resource loops (maximising resource use) internally. Externally, Epson’s innovation will reduce the environmental impact of customers and develop new products that are inherently sustainable.

Sustainability — commitment

In 2021, Epson has committed to ensuring it will, by or before:

• 2023 — reduce emissions to align with the 1.5-degree warming target

• 2023 ¬— achieve 100% renewable energy use across all Group operations

• 2025 — target reductions indirect (19%) and indirect (44%) emissions

• 2030 — meet the UN’s Sustainable Development Goals — adding goals 1, 2, and 16 to its commitments in 2021, ensuring that all 17 UN SDGs are now in scope

• 2050 — become carbon negative and underground resource (e.g. oil, metals) free

Sustainability — innovation

Today’s Sustainability Report details Epson’s customer-focused and sustainability-led innovation. The company’s heat free printers, for example, can cut power consumption and CO2 emissions by up to 83%. Europe-wide adoption of these technologies would cut 1 billion kWh of energy use a year and 410,000 tonnes of CO2. Epson’s heat free technologies have inspired a partnership with National Geographic and its work to reverse the thaw of permafrost and an accompanying increase in methane emissions.

Epson’s EcoTank printers similarly bring benefits across the value chain, eliminating the need for ink cartridges. To date, EcoTank printers have removed 1.6 million tonnes of plastic-based consumable waste from the environment. Further gains can be seen in Epson’s development of new textile printing technologies, which can slash water use by up to 90% and energy by 30%.

Epson also helps customers to close the resource loop with PaperLab. It is a world-first dry fibre process that allows in-office paper recycling — to significantly reduce water consumption and the need for transport to offsite recycling centres.

Sustainability — oversight

Epson’s Sustainability Report also details the company’s commitment to independent, robust and internationally respected oversight.

In 2021 Epson has achieved its second consecutive Platinum Status rating with EcoVadis, one of the world’s most trusted business sustainability rating platforms. Platinum status places Epson in the top 1% of sustainability performers in the computer and peripheral equipment manufacturing industry.

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Epson’s platinum rating recognises the company’s global corporate social responsibility (CSR) initiatives. In the four themes, EcoVadis assessed, Epson received the highest “Outstanding” rating for the environment, as well as high scores for sustainable procurement, labour and human rights, and ethics.

Epson has also been awarded Platinum Status with the Responsible Business Alliance (RBA) – the world’s largest industry coalition dedicated to corporate social responsibility in global supply chains. Platinum Status is only awarded to those companies that meet the highest standards of Corporate Social Responsibility. Epson has undergone a robust assessment and shown that it is a company dedicated to meaningful sustainability and the wellbeing of its employees.

The past year has also seen Epson:

• Move into the not-for-profit, global disclosure CDP platform’s A-List — and selected for the second year running as global supply chain leader.

• Join the RE100 initiative through its commitment to 100% renewable electricity

• Operate to ISO 9001 and 14001 standards

• Included in FTSE4Good Index Series for the 18th consecutive year

Henning Ohlsson, Director Sustainability, Epson Europe, said, “Epson’s Sustainability Report is much more than an overview of this year’s strategy and progress. It is a covenant that further commits our company to its role as an indispensable partner — innovating technologies that are sustainable as they are used in the real world, not simply when we produce them. It is only by looking at the bigger picture and working together — with scientists, partners and customers — that we can all move to a truly sustainable future.”