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The funds were deposited with HSBC in the UAE.

Inside the Industry

Dubai: Corporate clients of HSBC’s UAE operations can now use their deposits for a greater purpose. The UK bank has launched ‘green deposits’, which will allow dollar and dirham deposits to be deployed for funding green initiatives. HSBC thus becomes the first bank in the UAE to offer this facility as ESG (environmental social governance) principles become more widely accepted by investors and businesses. Corporate clients will receive a quarterly, portfolio-level view of how their funds ...

CEA-Leti Reports Breakthrough High-Performance Gyroscope For Automotive, Aeronautic and Industrial Applications From CEA-LetiJan 27 2021 CEA-Leti scientists, working with researchers at Politecnico di Milano, have developed the world’s first high-performance gyroscope for operating in severe environments, such as industrial and aeronautic equipment and automobiles. The breakthrough proves it is possible to detect minute rotational movement even among system vibrations. Common in everyday obje...

CEA-Leti Reports Breakthrough High-Performance Gyroscope For Automotive, Aeronautic and Industrial Applications World’s First NEMS-Based Gyroscope Operates at 50 kHz, ”Beyond Frequencies Of Vibrations Common” in Severe Environments GRENOBLE, France – Jan. 26,  2021 – CEA-Leti scientists, working with researchers at Politecnico di Milano, have developed the world’s first high-performance gyroscope for operating in severe environments, such as industrial and aeronautic equipment and...