N. AMERICAN, EUROPEAN MULTINATIONAL CORPORATIONS UNDERGO NEGATIVE CURRENCY VOLATILITY - REPORT28/4/2021 KUALA LUMPUR, April 28 (Bernama) -- Kyriba’s Currency Impact Report (CIR) has revealed negative impact from currency volatility of US$6.16 billion. (US$1 = RM4.099)
CIR is a comprehensive report detailing the impacts of foreign exchange (FX) exposures among 1,200 multinational companies based in North America and Europe. Based on a statement, European companies experienced greater headwinds than their North American counterparts in the fourth quarter of 2020, reporting US$4.77 billion in FX-related negative impact. By comparison, North American corporations reported US$1.39 billion in negative impact. For the second quarter in a row, North American companies indicated the euro as the most impactful currency, with 33 per cent of companies referencing the euro in their Q4 earnings calls. The Brazilian real moved up a spot as the second most referenced currency, followed by British pound, Chinese yuan renminbi and Swiss franc. The top five industries that experienced the greatest impact from currencies in North America (in order) were electronic equipment; professional services; healthcare equipment; biotech and pharmaceuticals; and, technology hardware. While in sequence, electronic equipment; biotech and pharmaceuticals; chemicals; healthcare equipment; and, auto components were the top five industries that reported the greatest impact for Europe. The US dollar remained the currency most mentioned as impactful by European companies during Q4 2020 earnings calls, followed by the euro, with the Swedish krona ranked third. -- BERNAMA
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Grant allows SAFR to extend AI-powered analytics to unmanned ground vehicle (UGV) and reduce inherent risk in perimeter protection and domestic emergency medical services (EMS) search and rescue missions
Seattle, WA, April 27 (Bernama-GLOBE NEWSWIRE) -- SAFR® from RealNetworks, Inc. (NASDAQ: RNWK), a face recognition and visual analytics platform specializing in computer vision optimized for real-world challenges, announced it was awarded its third Small Business Innovation Research (SBIR) contract. This contract enables SAFR to advance its computer vision platform to support perimeter protection and domestic search and rescue missions. The SBIR contract allows SAFR to enhance its platform to run on an NVIDIA® Jetson AGX Xavier™ based UGV system. The addition of SAFR’s AI-powered analytics on autonomous and semi-autonomous robotic devices provides a force multiplier and a layer of safety for defense and civilian security and emergency services personnel. “As a USAF military working dog handler, I have employed canines in various environments fulfilling the multi-use role of detection and deterrence. The ability to utilize UGV systems to augment K9 teams during work/rest cycles, or as an additional force, broadens security in-depth and allows operations to continue unhindered,” said Air Force Tech. Sgt. Dustin Cain, Non-Commissioned Officer in Charge of Police Services, 366th Security Forces Squadron, Mountain Home Air Force Base, Idaho. SAFR’s focus is to reduce the risk service members face in their daily duties by allowing SAFR-enhanced UGVs to perform perimeter patrols and monitor contested environments. The UGV platform will recognize when unauthorized persons are present in restricted areas. SAFR’s solution is being extended to operate onboard UGV devices and produce patrol reports with positional data upon completion of patrol duties. Critical events can trigger a real-time alert based on mission requirements. In high-risk scenarios involving search and rescue missions, such as searching collapsed and unstable buildings for survivors following an earthquake, the robotic device could locate persons using SAFR’s body detection capabilities, providing real-time alerts and access route details to speed up extraction – greatly reducing the risk for responders. Currently, no other UGV has advanced detection and analytic capabilities integrated for military and civilian EMS use. SAFR can operate entirely on the UGV, providing post-patrol reports in network denied environments. Alternately in degraded or persistent network environments, a SAFR equipped UGV could stream intel in real-time as it develops or provide burst transmission when appropriate. “We see this as an incredible opportunity to demonstrate how AI is a force multiplier and can be used to reduce risk to security forces and emergency responders,” said Eric Hess, Senior Product Manager at SAFR. “The UGV platform equipped with SAFR AI represents the future of embedded device operations and computer vision for an emerging range of robotic systems.” About SAFR SAFR from RealNetworks (https://safr.com) is a high-performance computer vision platform. With fast, accurate, unbiased face recognition and additional face- and person-based AI features, SAFR leverages the power of AI to enhance security and convenience for our customers around the globe. Specializing in touchless secure access, real-time video surveillance, and digital identity authentication, SAFR is optimized to run on virtually any camera or camera-enabled device. Deploy as a standalone solution, integrated with leading video management systems, or directly on your device running on the edge for greater situational awareness and insights to improve operational efficiency. SAFR is headquartered in Seattle, WA, USA with offices around the world. © 2021 RealNetworks and SAFR are registered trademarks of RealNetworks, Inc. All other trademarks, names of actual companies and products mentioned herein are the property of their respective owners. For more information please contact: [email protected] Veronique Froment SAFR 603-537-9248 [email protected] SOURCE: SAFR --BERNAMA KUALA LUMPUR, April 26 (Bernama) -- The 4th Digital China Summit which began in Fuzhou, Fujian Province on April 25, ends today. It is co-hosted by the Cyberspace Administration of China, National Development and Reform Commission, Ministry of Industry and Information Technology, State-owned Assets Supervision and Administration Commission of the State Council, and the Fujian Provincial Government. According to a statement, it is organised on the ground by the Fuzhou Municipal Government and other pertinent authorities. The Organizing Committee of the Summit, which is themed unleashing greater dynamic of data elements embarking on a new journey of digital China, explains this summit is a platform for the release of China's informatisation development policies; highlighting the latest achievements in the digitalisation of China; exchanging experiences in e-government and digital economy theories and practices; and, to bring global forces together to promote Digital China and the Digital Silk Road. Fuzhou has an ancient culture; it is a green city with a health ecology; full of vitality; and with a pleasant lifestyle, and one that is friendly and welcoming to businesses. The Fuzhou Government expends great effort in managing everything - from gardens and green areas to ecological parks and inland river systems, improving the ecological environment, and rendering Fuzhou as an exemplary eco-friendly and livable city. -- BERNAMA The closing ceremony gala of 2021 Hainan Li and Miao traditional festival "Sanyuesan (3rd of the 3rd Lunar Month)" HAIKOU, China, April 22, 2021 /Xinhua-AsiaNet/-- Located in the northwest of Hainan Free Trade Port, Changjiang Li Autonomous County was full of laughter and joy on the evening of April 16. The celebration activities of "Sanyuesan (3rd of the 3rd Lunar Month)", the traditional annual festival of Hainan Li and Miao ethnic groups, came to a close here. During the 3-day celebrations, the guests and tourists from all over China appreciated the scenery of Changjiang, experienced the customs of the Li ethnic group, and enjoyed the ecological, environmental and humanistic beauty of Changjiang. As the main venue of Hainan Li and Miao traditional festival "Sanyuesan (3rd of the 3rd Lunar Month)" celebration activities, Changjiang held a series of interesting and wonderful activities, according to Changjiang Media Convergence Centre. The activities with typical local characteristics included the Li and Miao original ecological folk song antiphon, Li brocade and Miao embroidery skill show and competition, and ethnic interesting traditional sports. These activities fully showed the rich spiritual and cultural life and unique ethnic culture of minority groups. The Li brocade and Miao embroidery skill competition attracted 78 contestants from 14 cities and counties in Hainan Free Trade Port. The exquisite skills of the contestants were praised by the audience. During the competition, there were models wearing Li and Miao costumes to display the new fashion of Li and Miao costumes. The Li and Miao original ecological folk song antiphon attracted the contestants from nine cities and counties including Sanya, Baisha, and Lingshui. Dressed in ethnic costumes, the contestants sang the original ecological folk song of Hainan Li and Miao ethnic groups in combination with speaking, teasing and dancing. With the "Sanyuesan (3rd of the 3rd Lunar Month)" celebration activities, Changjiang, Hainan has attracted many tourists from all over the country. The tourists have been impressed by the natural scenery, minority culture and characteristic food in Changjiang. This event has promoted the tourism development and city image of Changjiang with ethnic cultural elements. Source: Changjiang Media Convergence Centre Image Attachments Links: Link: http://asianetnews.net/view-attachment?attach-id=389561 Caption: The closing ceremony gala of 2021 Hainan Li and Miao traditional festival "Sanyuesan (3rd of the 3rd Lunar Month)" MUNICH RE'S CONSULTING UNIT BOOSTS ITS PRICING CAPABILITIES WITH AKUR8 IN GLOBAL COOPERATION21/4/2021 PARIS, April 21 (Bernama-BUSINESS WIRE) -- Akur8 is delighted to announce their global cooperation agreement with Munich Re to boost Munich Re’s pricing capabilities for their Global Consulting Unit1. With this agreement, Munich Re will have access to a new state-of-the-art rate modelling solution and Akur8 will reinforce its footprint by partnering with one of the world’s leading providers of insurance, reinsurance and insurance-related risk solutions. This non-exclusive cooperation is global, with users in multiple Munich Re operating geographies. All Munich Re entities and clients can benefit from the joint approach and tap into this solution.
Specifically developed for insurance, Akur8’s solution enhances insurers’ pricing processes by automating risk and demand modelling, using transparent Artificial Intelligence proprietary technology. The core benefits for insurers include a reduction in modelling time which will accelerate time to market, increase predictive power, while keeping full transparency and control over the models created. Munich Re’s Global Consulting Unit is driving transformative change in insurance pricing through the application of data science and digitalization, bundled with risk transfer. A dedicated global practice of several insurance pricing experts develop product and pricing solutions: all clients of Munich Re can tap into these via the reinsurance relations. Akur8 will boost their pricing capabilities, bringing increased value and pricing sophistication to their customers, with a pricing tool that leverages AI in a transparent way. Munich Re teams will be using Akur8 for the end-to-end insurance pricing proposition. “Akur8 is extremely excited about this cooperation with Munich Re, which is one of the most renowned worldwide players in the insurance consulting space - let alone their reinsurance and primary insurance activities. This cooperation is also a demonstration of the relevance and attractiveness of Akur8’s solution for numerous types of players from primary insurance carriers to reinsurers to solution providers to consulting firms.”, says Samuel Falmagne, CEO at Akur8. “Our strategic cooperation with Munich Re represents a significant strategic step in our development, spanning a global footprint. Our combined expertise and strengths will allow both of our companies to bring significant value added”, says Brune de Linares, Chief of Sales at Akur8. “Akur8 is an impressive solution for risk and demand modelling, that represents a real leap forward in terms of pricing sophistication in the insurance industry. We are convinced that Akur8’s solution will enable us to bring added value to our customers across our various consulting projects, notably by allowing our large consulting practice to work collaboratively in dedicated client workspaces, improving predictiveness of the models to eventually bring significant loss ratio improvement.”, says Joachim Mathe, Global Head of Global Consulting at Munich Re. “Akur8’s strengths, pivoting on the commodification of prediction power, allow for what we call “The third wave” of insurance pricing: while keeping full control on the process, most of the time of the domain expert is spent on understanding the problem and applying the right solution, not in tedious repetitive modelling tasks. Although they are a start-up, the Akur8 team’s professionalism, credentials, and reactivity along the whole process were determining factors in our choice - which was made after an in-depth selection process where each player’s value proposition and strengths were thoroughly reviewed.”, says Massimo Cavadini, Head of Actuarial Consulting and Data Analytics at Munich Re. About Munich Re Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The group consists of the reinsurance and ERGO business segments, as well as the asset management company MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivalled risk-related expertise and its sound financial position. It offers customers financial protection when faced with exceptional levels of damage – from the 1906 San Francisco earthquake through to the 2019 Pacific typhoon season. Munich Re possesses outstanding innovative strength, which enables it to also provide coverage for extraordinary risks such as rocket launches, renewable energies or cyberattacks. The company is playing a key role in driving forward the digital transformation of the insurance industry, and in doing so has further expanded its ability to assess risks and the range of services that it offers. Its tailor-made solutions and close proximity to its customers make Munich Re one of the world’s most sought-after risk partners for businesses, institutions, and private individuals. About Akur8 Akur8 is revolutionizing insurance pricing with transparent AI. Akur8 developed a unique AI-based insurance pricing solution that automates modelling for insurance companies while keeping full transparency and control on the models created, as required by regulators worldwide. Akur8 is the only solution on the market reconciling Machine Learning and Actuarial worlds - enabling customer lifetime value-based price optimization. 1 https://www.munichre.com/en/solutions/reinsurance-property-casualty/global-consulting.html View source version on businesswire.com: https://www.businesswire.com/news/home/52411529/en Contact For Munich Re Dr. Massimo Cavadini ([email protected], Global Head of Actuarial Consulting & Data Analytics) Dr. Davide Burlon ([email protected], Global Akur8 Product Owner) For Akur8 Felix d’Alançon ([email protected], Global Partnerships) Source : Akur8 |
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