NEW YORK - The impact of sanctions and the collapse of the Russian ruble after the invasion of Ukraine has some Russian banks turning to the crypto market for a boost. Like the biggest one. That is Sberbank, Russia’s largest lender, which just received a license from the central bank to issue digital assets to clients on Thursday. Sberbank said
ANN ARBOR—As automated truck technology continues to be developed in the United States, there are still many questions about how the technology will be deployed and what its potential impacts will be on the long-haul trucking market. A new study by researchers at the University of Michigan and Carnegie Mellon University assessed how and where
GRAND RAPIDS - Join Michigan Sustainable Business Forum & Grand Valley State University Professor of Natural Resource Management Erik Nordman on March 24 for a one-hour presentation and discussion about how shared collective action – not necessarily government regulation – is needed to solve many of today’s environmental issues. Nordman’s 2021 book, The Uncommon Knowledge of
ANN ARBOR - A new study shows women are still largely underrepresented in the tech industry and face many obstacles when pursuing a career in the field. According to data presented by Atlas VPN, 52 percent of women believe their gender is limiting their career in tech, and one-fifth of women are thinking about leaving
GRAND RAPIDS — Automotive leaders and suppliers will discuss industry trends and the continuing challenges brought on by the pandemic at the 23rd annual Michigan Automotive Suppliers Symposium, hosted by the Van Andel Global Trade Center at Grand Valley State University. The symposium, under the theme "New Age of Auto," is from 8 a.m.-noon on
SOUTHFIELD—Eight college students from around the country will spend eight weeks this summer at Lawrence Technological University in Southfield to develop computer programs for self-driving cars, under a new federal grant. C.J. Chung, professor of mathematics and computer science at LTU, won the $281,712 grant from the National Science Foundation. The grant will fund three
DETROIT—Developers of the Arab relationship app Baklava say the app has reached 160,000 downloads in its first year, with more than 75,000 active members daily and 10 million messages exchanged per month. Launched Dec. 31, 2020, Baklava officials say theirs is the first and only social app for all Arabs from all walks of life.
ANN ARBOR—The University of Michigan research enterprise contributed $97 million to Michigan's economy over the past fiscal year, supporting employment across large and small businesses statewide, according to a new report from the Institute for Research on Innovation and Science. The report details how university research spending impacts the economy and provides a geographic snapshot
DALLAS—The Dallas engineering firm Jacobs Engineering Group Inc. says it has been selected by the Michigan Department of Transportation to assist in the development of an inductive vehicle charging roadway at Ford Motor Co.’s electric and autonomous vehicle development center in the former Michigan Central railroad station. Ford is working with Electreon, an Israeli startup,
LAKE ORION—Officials at American Battery Solutions Inc. announced that is adding its lithium-ion battery technology, the high-voltage Proliance Intelligent Battery Series, into a new line of electric boats. The Proliance series includes 350-volt and 650-volt systems with energy capacity of 50 or 100 kilowatt-hours, with the capability of connecting batteries in parallel to scale to
