Greenhouse start-up Infarm receives $ 170 million

Dhe urban farming start-up Infarm, known for its supermarket greenhouses, has received $ 170 million from investors. The Berlin company announced on Thursday that the financing round will be led by LGT Lightstone, an investor from Liechtenstein specializing in sustainable investments. Among others, the Duisburg family holding company Haniel and old investors such as the Atomico fund of Skype founder Niklas Zennström are also involved.

Co-founder and CEO Erez Galonska announced to the Reuters news agency that he would get another 30 million dollars from investors by the end of the year. Galonska founded the company seven years ago in Berlin together with his brother Guy and Osnat Michaeli. Infarm now places large-scale greenhouses in supermarkets and counts chains such as Kaufland, Edeka, Aldi Süd, the American supermarket Kroger and the British Marks & Spencer among its customers.

The fresh money is a mixture of equity and debt. According to Infarm, it increases the amount that has flowed into the company to more than 300 million dollars. The cash injection is to flow into the expansion of business in the now ten countries and finance the development of a new generation of urban farms.

Digitally networked greenhouses

The greenhouses monitor the growth of the plants digitally and save this data on a server. A cloud networks the greenhouses. The new generation farm should produce as much as one hectare of agricultural land. The integration of advanced technology and software enables these farms to save manpower, land, water, energy and kilometers of transportation, thus contributing to a more sustainable food system.

According to Galonska, Infarm’s business model is “agriculture as a service”: while the greenhouses remain in the hands of Infarm, “everything that comes out of the top belongs to the supermarkets”. In the meantime they have signed “contracts worth $ 400 million,” he told Reuters. More than 500,000 plants are currently being harvested every month. So far, vertical agriculture is a subsidy business, but the company’s aim is to make profits by early 2023.


The Swiss are said to have a nose ahead at the Milan Stock Exchange

Dhe Swiss stock exchange operator SIX has, according to observers, the best chance of winning the takeover battle for the Milan Stock Exchange against rivals Deutsche Börse and Euronext. The Swiss made the highest offer for Borsa Italiana, said two people familiar with the transaction after a report by Reuters news agency. All three offers would value the operator of the stock market in Milan at around 3.5 to four billion euros each.

Borsa Italiana is currently still owned by the London stock exchange operator LSE, who has to sell at least part of it in order to get the green light from the EU competition authority for the 27 billion dollar takeover of the data provider Refinitiv. LSE and SIX declined to comment.

After the recently completed takeover of the Madrid Stock Exchange BME, SIX is the third largest exchange operator in Europe in terms of income. SIX is determined to buy Borsa Italiana, but has no intention of teaming up with a partner from the euro area, it is said. However, SIX is open to discussing the issue of running Borsa Italiana with the Italian authorities. The offer is fully financed.

The French stock exchange Euronext announced on Monday that it had made a non-binding offer for the Milan stock exchange together with the Italian state bank Cassa Depositi e Prestiti and the Italian institute Intesa Sanpaolo. The government in Rome is very interested in a takeover by Euronext as it seeks a say in the future strategy and management of Borsa Italiana, said one person familiar with the matter. Italy’s Finance Minister Roberto Gualtieri is said to have spoken to Euronext CEO Stephane Boujnah about the future of the Milan Stock Exchange at a private meeting in Rome last week. Also the German Stock Exchange threw her hat into the ring in the race for the Borsa Italiana.


Thousands of women took to the streets of Belarus. Security forces intervened against students – ČT24 – Czech Television

Students from the Minsk State Language University protested in several places in the Belarusian capital, including Jakub Kolas Square or Karl Marx Street in the city center.

Thousands of women also marched through Minsk in a separate demonstration on Saturday afternoon, and one of their slogans was “Hands off the children,” Reuters reported. Some media estimates that more than 10,000 people took part in the protest.

The Belarusian president said on Saturday that the demonstrators were spreading the coronavirus. Earlier, he referred to the covid-19 pandemic as “psychosis” that can be resolved by drinking vodka and attending a sauna.

“We stagger on the streets, rubbing against each other. Where is the observance of social distance and so on? We do everything we can to delay the moment when we say goodbye to this disease. That is unacceptable, “Lukashenko told a televised government meeting.

Cichanouská will meet with the Polish Prime Minister

According to Reuters, Belarusian opposition activist Olga Kovalkova also arrived in Warsaw on Saturday, claiming that she had been forced to leave Belarus. Kovalkova was sentenced to 10 days in prison in Belarus on October 25.

“Representatives of the police and the Belarusian Interior Ministry came to me and said that if I did not agree to leave the country, I would face long imprisonment,” Kovalkova told a press conference in Warsaw. She added that she was transported from prison to the border and subsequently entered Polish territory.

Opposition presidential candidate Sviatlana Cichanouska is scheduled to visit Warsaw on Wednesday and meet with Polish Prime Minister Mateusz Morawiecki. A politician who went into exile in Lithuania on Friday called on the UN Security Council to “stop the glaring human rights violations and cynical disrespect for human dignity right in the middle of Europe.”


Anti-regime demonstrations in Belarus erupted following Lukashenko’s landslide victory in the August 9 presidential election and have been going on for four weeks. Many people believe that the result has been falsified and that the Cichanous opposition candidate has in fact won.

Lukashenko denies allegations of electoral fraud. Hundreds of thousands of people across the country have taken to the streets of Belarus since early August to protest the election results. The opposition demands that Lukashenko relinquish his presidency and release all political prisoners, to hold new elections and to investigate the police violence of the first days after 9 August.

Most European states, along with the United States, have condemned the Belarusian electoral process and criticized Lukashenko for police crackdowns on protesters and the opposition.


Tesla did not get into the prestigious stock index

Electric car maker Tesla has not yet been included in the Standard & Poor’s 500 stock index. The S&P Dow Jones Indices decision is a big blow to Tesla investors, who generally expected the company to be included in the index thanks to a favorable July quarterly report, Reuters reported. The company’s shares for the official closing of trading therefore fell by up to eight percent.

S&P Dow Jones Indices has announced that from September 21, the index will include online retailer Etsy, semiconductor manufacturer Teradyne and pharmaceutical technology company Catalent. It will replace H&R Block, Coty and Kohls.

Dow Jones Indices index analyst Howard Silverblatt declined to say why Tesla was not included in the S&P 500 index. “The market is constantly changing and we must take this into account in our indices,” said Silverblatt.

Tesla’s market capitalization is more than $ 370 billion (8.3 trillion crowns). It is thus one of the most valuable companies on Wall Street. Even with stocks down 16 percent from a previous record this week, Tesla remains higher than 95 percent of current S&P 500 companies, including Johnson & Johnson and Procter & Gamble. Etsy, Teradyne and Catalent together have a market value of about $ 40 billion.

Tesla’s shares rose by almost 400 percent this year. The company is one of the most beloved but also hated titles on Wall Street. Recently, the company’s stock growth was driven by unexpectedly strong quarterly results released in July, but also by bets that it will be included in the S&P 500 index, which would trigger massive demand for the company’s shares from the funds that monitor the index.

S&P Dow Jones Indices oversees and adjusts the index quarterly, but individual companies may change more frequently. Spokesman Ray McConville told Bloomberg that the index committee could make changes to the index at any time.

The inclusion of Tesla in the prestigious index was generally expected, as the company reported a profit for the fourth consecutive quarter in July, thus overcoming the last major obstacle to inclusion. However, skeptics point out that simply meeting the criteria does not guarantee adding a company to the index.


The giant Nestlé has invested in the treatment of peanut allergy

Swiss food company Nestlé will buy the remaining 74.4 percent of shares in the American biopharmaceutical company Aimmune Therapeutics. It will thus receive a significant product for the treatment of peanut allergy in its portfolio. The offer values ​​the entire company at 2.6 billion dollars, ie 57.1 billion crowns.

Nestlé is offering $ 34.50 per share of Aimmune, a premium of 174 percent compared to Friday’s closing stock price. The transaction is expected to close in the fourth quarter. Nestlé has already invested about $ 473 million in Aimmune, Reuters reported.

The Swiss company is trying to expand its traditional portfolio towards healthier products and is getting rid of some products with weak growth. In January, Aimmune obtained a permit in the USA for the drug Palforzia, which is intended to reduce allergic reactions to peanuts and is also suitable for children and teenagers.

Nestlé states that around 240 million people worldwide suffer from some form of food allergy. The most common is peanut allergy.

The Nestlé Group is the largest producer of food and beverages in the world. It operates in 189 countries and has approximately 328,000 employees. For example, it produces Nescafé and Nespresso coffee, Kit Kat chocolate bars, Nesquik cereals, Maggi spice mixes and Purina Pro Plan and Friskies pet food.

In the Czech Republic, the Zora Olomouc and Sfinx Holešov factories with the Orion, Margot, Kofila, Bon Pari and Jojo brands belong to the group.


Pig with an implanted chip. Musk showed technology to heal the brain

The Neuralink startup company is developing a functional wireless interface that would be able to treat neurological diseases, such as Alzheimer’s disease or dementia, with thousands of electrodes in the most complex human organ. This would connect the brain with artificial intelligence, the agency said Reuters.

Elon Musk rages, the US Space Force has given a larger share of the contract to competition

“An implanted device can really solve these problems,” Musk said during a video conference on Friday. He also mentioned the treatment options for depression, insomnia or memory loss.

Gertrude is one of three pigs to which Neuralink implanted 23 millimeter chips.

During Friday’s videoconference, the graphs showed the animal’s nerve activity rising as it ate or sniffed the straw. The chip controlled the functions of the snout and describes the nerve signals that the olfactory organ sends to the brain BBC.

According to Musek, Neuralink was already able to predict the movement of the limbs in individual pigs with great accuracy on the basis of data obtained from the chip during an experiment on a simulator.

Neuralink showed a similar technology to the world last year. Musk, the company’s founder, said it had been simplified and reduced now. The current device contains about three thousand electrodes connected by flexible fibers, which are thinner than a human hair. They monitor the nerve activity of up to thousands of neurons in the brain.

How Neuralink envisions implanting a chip in the human brain. (August 28, 2020)

But according to Ari Benjamin of the University of Pennsylvania, the complexity of the human brain will be a stumbling block for this technology. “Once he has some data, Neuralik has to decode it and one day he encounters a barrier, which is our lack of knowledge about how the brain works,” the scientist told the BBC. According to him, the number of examined neurons does not matter.

The Neuralink chip is only 32 millimeters in size.  (August 28, 2020)

The Neuralink chip is only 32 millimeters in size. (August 28, 2020)

Neurologists working on Musk’s project admit that more studies will be needed. What Musk showed on Friday, he calls “a demo version of three little pigs.” All should be healthy and indistinguishable from other pigs.

It is said that it is not possible to know that someone has an implanted chip. “I could have it right now and you wouldn’t know it. Maybe I have it, “Musk said.

At the conference, he also assured that its goal was not to get potential sponsors, but rather to find new experts who could start participating in the project. As Reuters notes, he has done it in the past, for example, in research into space and other technology innovations.


Warren Buffett celebrates his nineties. He started investing at the age of eleven

Buffet conglomerates are involved in about 90 companies in various fields. In fact, there are also significant shares in a number of well-known companies, such as the world’s largest producer of soft drinks, Coca-Cola, which Buffett loves. And his empire was able to cope with the coronavirus crisis. In the second quarter, after a record loss in the first quarter, it increased its profit to $ 26.3 billion (587 billion K) from $ 14.1 billion a year ago, due to the growth in the value of its equity investments.

Operating profit, which Buffett sees as a better indicator of business performance, meziron fell 10 percent to $ 5.5 billion. The results included depreciation of $ 10.9 billion, of which $ 9.8 billion went to the Precision Castparts division. Berkshire bought Precision Castparts in 2016 for about $ 32 billion and the largest number of acquisitions in its history. The transaction thus surpassed a 77 percent stake in Burlington Northern Santa Fe’s $ 26 billion railroads business.

According to Reuters, Buffett is probably the most admired investor in the world, his views are the financial markets. He doesn’t like to take risks and not pay off debts. Pesto did not escape the recession either and saw a billion. According to Forbes magazine, he is the fourth richest hunter on the planet with an estimated $ 78.4 billion. Only Jeff Bezos, an Amazon online store, Bill Gates, the founder of Microsoft, and Bernard Arnault, a French businessman involved in the luxury goods sales business, stand by.

He used to sell cans of coke, he now drinks them every day, and the first investment business made it at the age of 11. He bought the shares of Cities Services for $ 38 to subsequently sell them at a profit of $ 2. After several years, the company’s shares attacked $ 200, and that was when Buffett realized the sign of a long-term investment.

He worked from last year

Warren Edward Buffett was born on August 30, 1930 in Omaha, Nebraska. His father was a stockbroker and an MP. In a billion years, Warren excelled in mathematics, and was able to figure out complex formulas. A lot of things, especially about investment. He graduated from the University of Pennsylvania, Nebraska and Columbia, where he obtained a master’s degree in economics. Pot worked, for example, in the fathers of companies and later founded the investment company Buffett Associates.

He then worked from the bedside and multiplied the property of his and his relatives: in 1956 and 1969 by 30 percent, when the market grew by an average of seven and 11 percent. In 1962, his company, Berkshire Hathaway, bought an uninhabited textile factory, which Buffett has been fully focused on since 1969, and has recently made the world’s fastest growing and most likely investment.

f Tesla Elon Musk was getting rich. On behalf of Buffett

Vraz philanthropist

Buffett is so talked about in connection with charity, for example, the Internet auction is popular with his part, which he acquired for more than 20 years for the Glide Foundation providing social services to the poor and homeless in San Francisco, a total of almost 35 million USD (880 million CZK). ). In 2010, he joined Gates and his wife Melinda in the birth of the Giving Pledge (Dt pslib) campaign, which encourages the world’s richest personalities to give up at least half of their names during their lives and donate it to charity. So far, two hundred rich people from 23 countries have joined the initiative.

Our investor, known as a representative called the tax for the rich, not billionaires. He is a relatively nenron in a house that he bought in 1958 for $ 31,500. His only weakness is for luxury aircraft. Buffett also doesn’t care much about advanced technology. In May 2013, however, he started Twitter and sent his first message in the form: Warren is at home.

With her late wife Susan m Buffett, those offspring, two of whom work for companies. In 2006, he remarried to Astrid Menks. Billion years ago, he reported suffering from prostate cancer at an early stage. Buffett found her small pot.


Beirut: German THW helpers end rescue work

Das Technical relief organization five days after the serious explosion in Beirut, the rescue operations there in consultation with the local authorities stopped. “We couldn’t find any more survivors under the rubble,” said Jörg Eger, the head of the THW’s foreign rescue unit, on Sunday. “On the one hand that is sad, on the other hand we can be certain that no survivors or survivors have been overlooked. This is very important for those who still miss relatives. ”Part of the THW team will therefore fly back to Germany on Monday.

At the moment, work on site was still in full swing. The THW helpers have many tasks, said Eger. “It’s not just about looking for missing people, they also have great expertise in checking houses for stability after shocks.”

According to the THW, a total of 18 helpers will remain in Lebanon until Thursday. They should check other buildings for their substance and clarify whether they can be entered or whether they are in danger of collapsing. The German helpers flew to Beirut on Wednesday.


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