Cat Rock Capital Management LP, which is based on Greenwich, Connecticut, released a presentation on the merger between Just Eat and Takeaway.com. It should be noted that Cat Rock owns 17.7 million shares in Just Eat, which represents 3% of the company’s outstanding shares.

The presentation was about the offer made by Takeaway.com for Just Eat. The presentation in question is public, and anyone interested in the same can visit the website JustEatMustDeliver.com for the same. Alternatively, an interested party can also request a copy of the presentation from info@catrockcap.com.

Cat Rock Capital Management LP’s Founder and Managing Partner, Alex Captain, stated,

We have been Just Eat shareholders for over two and a half years, and we are deeply committed to helping Just Eat realize its great potential. Today we are releasing a public presentation outlining our research on the proposed merger between Just Eat and Takeaway.com.

The world’s leading open-source blockchain satellite network, SpaceChain, has released its third cryptocurrency wallet node into space. SpaceChain aims to build a blockchain-based network in space. It is a significant and ambitious project compared to other projects.

SpaceChain wants to develop a cryptocurrency wallet in space with the aim of no physical attack or control over it. It is the safest digital currency wallet in existence. The company has already launched its two rockets in China, which has holding parts of the wallet and network. Now, it is launching the third one from outside of the United States in Florida.

During the rocket launch, the CEO of SpaceChain, Zee Zheng, said that the company had put all its resources into this project. He declared that there is a much difference between the third one and the other two rockets that they have already launched. He forced his team to build a unique design to fulfill their needs and requirements.

NASA will get involved in this project after some time. The space program asked SpaceChain to ensure that their hardware must be fit and attached to the International Space Station (ISS). It will take a long time to release the idea of SpaceChain for use.

Recently, it is announced that Vistara and Lufthansa signed a pact of codeshare to provide benefits to the fliers of both airlines. According to the partnership, they will allow frequent fliers from both airlines to earn points/miles when they travel on each other’s networks.

According to the agreement, Lufthansa will add its designator code ‘LH’ to almost 18 flights by Vistara. It will begin from December 16, 2019, and it will cover ten cities of India, which are Delhi, Mumbai, Kolkata, Chennai, Ahmedabad, Pune, Kochi, Bengaluru, Hyderabad, and Goa.

The Chief Strategy Officer at Vistara, Vinod Kannan, said that they aim to provide an international network to their customers by strategic associations. Their codeshare agreement with Lufthansa is an essential step to spread the customer base outside India. The aims of Vistara are due to the rapid growth in the global carrier.

As per the agreement, the passengers are allowed to connect from Vistara domestic flights in India to Lufthansa’s Frankfurt and Munich flights. Customers will get their boarding passes at the first departure point for all the local and international traveling sectors after checking their baggage to the final destination. This agreement is a step forward to the growth of the Vistara airline.

At Snapdragon Tech Summit 2019, one of the leading developers of chip technology, Qualcomm, revealed its new and more powerful SoC for extended reality headsets. On top of that, the firm announced its partnership with Niantic, the creator of popular mobile game Pokémon Go.

Under the MoU, both the firms will team up to develop reference hardware, software, and cloud-based technology for augmented reality glasses. In a statement, Qualcomm stated that the collaboration is for more than a year and is aimed to fast pace the development of AR software and hardware; however, gaming enthusiasts might have to wait for some time.

Niantic’s Real World Platform host some well-known online mobile games like Pokémon Go and Harry Potter: Wizards Unite. The new product will allow developers to alter the programming for making it XR2 compatible. During the event, Niantic’s Chief Technical Officer, Phil Keslin, stated that the product would be made available to every user in the Niantic Creator Program launching in 2020 as the XR2-optimized platform is ready to be used.

As per reports, the new product will be optimized for Qualcomm’s XR2 platform. Besides, it will be the first 5G-enabled extended reality system with the capability of 8K and 360-degree video playback, says Qualcomm officials. Through this new H/W and S/W integrator, Qualcomm will also try to figure out the specifications and feasibility of a pair of XR2-powered glasses.

Recently, the Accounts Receivable Automation platform, Invoiced, declared its partnership with Chase’s WePay to provide invoiced payments. The Invoiced customers can use this integrated payment processing solution for easy and secure setup payment processing services.

Invoiced is connected with the integrated payments business of JPMorgan Chase and Co. to offer payment processing solutions to more than 23,000 businesses. They trust the Invoiced company for all their accounts receivable operations. The Accounts Receivable Automation platform is suitable for handling invoiced payments seamlessly.

Invoiced is a well-known platform with more than 20,000 customers in 92 countries, and approximately $50 billion of receivables are processed. On the other hand, WePay is an integrated payment processing provider and helps small businesses by providing software and applications like BigCommerce, Zoho, GoFundMe, etc.

There is a frictionless customer payment portal on the Invoiced platform that helps customers in online payments through debit cards, credit cards, ACH, etc. Clients do not need to research, set up, and combine gateway or payment processor.

There are many features as well as benefits of Invoiced payments:

1. Quick Onboarding: One can start without any form or account sign-up. It takes a couple of minutes to accept online payments for businesses.
2. Reasonable Pricing: Invoiced Payments provides affordable, competitive, and transparent rates to many businesses.
3. Smooth Integration: The payment entry, as well as transactions, appears in a single payment portal of the client.
4. Security: Invoiced Payments is PCI-compliant, and the integration with Invoiced will minimize the overall PCI-compliance overhead.

Co-founder and CEO of Invoiced, Jared King, said that their main aim of the company is to make the process of billing and collections easy, efficient, and useful. Chase provides Invoiced Payments to the businesses to offer comprehensive, integrated A/R and payment solutions.

Marketing VP of WePay, Jennifer Lewis, said that small businesses focus on developing their companies. But sometimes, they got bogged down due to some backend operations, which take a lot of time to solve. But, their collaboration with Invoiced provides Invoiced Payments that can solve some of their issues. Currently, Invoiced Payments are available for users in the US and Canada with paid accounts.

Advanced tactical radars provider RADA Electronic Industries Ltd. announced the opening of its new 25,000 sq ft headquarters and manufacturing facility in Germantown, Maryland. The Israeli company has emerged as one of the most important companies in its industry, and a wide range of defense contractors highly covets its air surveillance systems.

The radars developed by RADA are often referred to as gap fillers by people in the industry. The reason behind that is the fact that the radars can work on both medium-range and long-range air surveillance systems.

Moreover, the radars also work on a range of other installations. Because some of the biggest defense contractors do their business in the United States, it is only natural that RADA has decided to set up a headquarter in the country.

RADA’CEO, Dov Sella, said, “We established our US subsidiary, RADA Technologies LLC (RADA USA), in close proximity to our core customer base of US military and civilian agencies to Americanize and further adapt our technologies to support their needs. Our US-based team is focused on delivering our highly advanced, innovative, and combat-proven radar solutions and services to enable American defense agencies.” He went on to state that RADA’s radar systems are already being used by both the U.S. Army and also the U.S. Marine Corps.

Avanci has signed a patent license agreement with Volvo Cars. Avanci is an online marketplace that connects wireless technology patent owners with companies developing products and systems based on the Internet of Things (IoT) that are looking for new wireless technologies.

Volvo Cars become the 14th auto brand to sign with Avanci. This agreement gives Volvo Cars a license to use all the 2G, 3G, and 4G essential patents put up on the Avanci marketplace by 36 patent owners, as well as the patents of new patent owners who join Avanci in the future.

Commenting on the development, Kasim Alfalahi, founder and CEO of Avanci, said, “We are very pleased to have Volvo Cars, one of the most well-known and respected car brands in the world and a leader in connectivity, as a licensee.” He also mentioned that over-all participation in Avanci had doubled in 2019, and the simplicity, efficiency, and predictability of Avanci allowed licensees and patent owners to both share technology as well as work on developing new technology.

Traditionally auto firms would have to spend money on R&D to develop new technology. If they wanted a patented technology, they would have to approach the patent owner and buy it from him. Avanci acts as a bridge between patent owners and companies. Thus, companies can access a range of innovations, and patent owners can access a range of companies. Companies can give real-world feedback to patent owners who can work further on their innovations to make it more compatible with real-life situations. The problems faced by saying a car maker may be different from those faced by a truck maker; thus, patent owners will get a chance to tailor their innovations for particular types of automobiles, which in turn will open up new industries for their innovations.

Kakao, the Chat App Giant of Korea and also the developer of the Klaytn blockchain, has recently announced to launch its own crypto wallet called “Klip” as early as in the first quarter of 2020. It will allow 50 million active users of the existing KakaoTalk Chat app to experience the blockchain by linking the crypto wallet to KakaoTalk App. The wallet will be issued through Kakao’s subsidiary named GroundX, built on Klaytn blockchain.

Regarding this, the Co-President of Kakao, Yeo Min-Soo, said,

“Kakao has already launched KakaoCon, a blockchain-based point system, and the company is planning a variety of applications, including the use of blockchain technology for identification software. We will actively support people to keep their Clays in the Klip or KakaoTalk wallet and use them in their daily lives.”

“Klip” was initially planned to be launched in 2019, but due to some issues revolving the service stability, the launch got delayed. Klip has been developed in a way to serve all types of users by lowering the barrier for blockchain entry, thereby resulting in the mass adoption of blockchain technology. Kakao is planning to introduce Klip first as “Kaikas,” a plug-in used by web browsers, before linking it to the Chat App called “KakaoTalk.” This will make it easier for Klip to hold Clayton’s cryptocurrency “Clay” and also Clayton-based cryptocurrencies.

Lauding the development of Kakao, and talking about the prospects of Klip, Bae Sang-eon, the product director of Klip, said,

“The team is developing [the wallet] by focusing on security and technical advancement with feedback from Klaytn service partners about the market. Klip will become the root to take blockchain technology mainstream.”

In 2018, a sudden shift in the market conditions, South Korea’s wealth funds of worth $145 billion got ignited, and now, there is planning to add it to the bonds or fixed assets and globally cut the shares to secure the returns in double-digit in 2019.

In 2005, Korea Investment Corp was founded. The chief executive officer, Choi Heenam, said in an interview that they aimed to invest money in the foreign-exchange reserves offshore of the country. But, their plan is becoming a bit defensive.

The sovereign wealth funds, also known as KIC globally, are moving towards the fixed income assets, which are considered to be an essential asset class in the five-year trend as reported in the Invesco report in July. According to the report, there are two late-cycle concerns, one is of volatility, and the second is losses from equities. The sovereign is forced towards the defensive position because of these concerns.

Due to higher risks, the entities across the world are tracking highs and optimism about the US-China trade war. Therefore, Korea Investment Corp is cautious.

In 2018, there was a loss of 3.7%, and in 2019, the wealth funds have generated 10.3% of return in eight months. Korea Investment Corp, with only overseas assets, had stocks and bonds of $121.6 billion at the end of August and $23.9 billion as alternative investments.

With Black Friday ready to jump-start, merchants are preparing to give out the best deals to their customers.

In the midst of all the shopping rage, Kaspersky has geared up for the big day with its brand new interactive device to enable consumers to spot the differences between actual bargains and duplicate sites.

The equipment will inform consumers of the discrepancies that are found between a genuine website and a forged website and ingeniously staged cyber threats while doing online shopping.

The device is introduced in the light of increasing cybercrimes linked to deceptive selling and fooling customers online. The Kaspersky researchers disclosed that the e-commerce cyber crimes had risen dramatically in the past year, and with Black Friday and Cyber Monday around the corner, the likelihood of these attacks increases manifold.

Consumers can employ this tool to inform themselves regarding the warning signs to spot in case of an attack. Here are some general tips that all of us can keep in mind to ensure safe online shopping:

• Don’t hesitate to spend on a strong cybersecurity device to safeguard your private data and money.
• Only use unique and hardest passwords to create shopping accounts and internet banking. If you have trouble remembering all passwords, try out a password manager that you can refer to every time you shop.
• Be extra cautious while shopping online on your smartphones. The short URLs are generally used as tending to be more phone-friendly, but some of them can be utterly risky. While making a transaction, switch off the public wifis and use a secure private connection.
• Avoid websites that look suspicious or inferior regardless of the deals they are offering. Avoid clicking on unusual links.
• Beware of emails and social media attachments and links unless you’re sure of the content.
• Don’t keep massive amounts of money in your bank accounts and use a credit card for shopping.
• Reduce the attempts for transactions over your debit or credit card. Make sure you use 2-factor authentication that is entrusted with secure codes of Visa or MasterCard.

Hence, with a little caution and these simple considerations, we can ensure a safe and happy sale shopping spree!